Asia Pacific Trade Agreement (APTA) under-utilized. Sri Lanka had used less than five percent of preferential tariff lines granted by China.
Addressing the Sri Lanka China Society, senior economist, Dr. Saman Kelegama, Executive Director, Institute of Policy Studies said, "Sri Lanka and China both are members of APTA. This is a potential avenue to expand trade significantly."
However he said that the facility has been under-utilized. Usage of tariff concessions by Sri Lankan exporters were very low, the country has used less than five percent of the preferential tariff lines granted.