Sri Lanka Minister of Housing and Construction Wimal Weerawansa said to media today that he and his party National Freedom Front opposed the Comprehensive Economic Participation Agreement (CEPA) with India.
He said that his party had informed the decision clearly to the President Mahinda Rajapaksa. He also said that the President had also guaranteed them that the agreement would not be signed without amendments.
Minister Weerawansa pointed out that CEPA would be more disadvantageous than beneficial to Sri Lanka. He pointed out that Sri Lankans will lose their jobs to Indians when CEPA opens the service sector.
Wasantha Bandara the general secretary of the Patriotic National Movement, affiliated to NFF said yesterday that the economic imperialism comes not only from the USA but also from India.
"According to the information available to us, the CEPA proposed by India can engulf our whole economy. Even though so much of discussion had taken place in Sri Lanka on this agreement, to our surprise no one has seen it yet. Even the President has not yet seen it, as revealed to the media by him," Bandara said.
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