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Tuesday, December 29, 1998
New Delhi, Colombo sign free-trade pact
UNITED NEWS OF INDIA
New Delhi, Dec 28: India and Sri Lanka tonight signed an agreement establishing a free-trade area between them and initialled a memorandum of understanding setting up an India-Sri Lanka foundation to promote multi-faceted bilateral exchanges.The agreements were signed by prime minister AB Vajpayee and Sri Lanka president Chandrika Kumaratunga. It will have far-reaching consequences on the Saarc as it could hasten establishment of the proposed South Asian Free Trade Area (Safta). The MoU was signed by finance minister Yashwant Sinha and Sri Lanka foreign minister Laxman Kadirgamar. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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