Under the Free Trade Agreement (FTA) to be utilized till December 2006, the Sri Lankan government has allowed duty free import of 9,337 MT of rice from Pakistan.
Under the FTA effective from June 12, 2005, Sri Lanka has given duty free access to Pakistan for long grain basmati rice up to 6,000 MT per annum. Pakistani exporters, however, were not able to utilize the full quantity for 2005.
The Sri Lankan government has also allowed importers of basmati rice to carry out their business in a free market condition.
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Rice : Asia News
