Case for CIFTA

Sir, - In your Editorial (March 4), you have welcomed the formation of the Indo-Sri Lanka Free Trade area. Your comments on the SAFTA are relevant and appropriate. For historical reasons the formation of SAARC and SAFTA has been only a modest success at best.

As part of this dialogue India should evolve beneficial and meaningful talks with China on the formation of CIFTA or China India Free Trade Area. In the emerging scenario of mergers, megamergers and formation of trade zones such as NAFTA, European Union and ASEAN, CIFTA will make a significant contribution towards consolidation and increasing economic and technological opportunities in this part of the world. The recent discussions of our Industry Minister, Mr. Murasoli Maran, with China are to be welcomed. Sri Lanka should be part of this emerging scenario between India and China in forming a major free trade area.

H. N. Ramakrishna,

Bangalore

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