28th January, 2003
Ministry of Commerce & Industry  


IN A MAJOR BOOST TO INDO- SRI LANKA TRADE EIC SIGNS AGREEMENT WITH SRI LANKA STANDARDS INSTITUTION

EIC TO SIGN SIMILAR AGREEMENT WITH OTHER COUNTRIES


In a major boost to expand the trade relations between India and Sri Lanka, the Export Inspection Council of India (EIC) has signed an agreement with the Sri Lanka Standards Institution (SLSI). EIC would sign similar type of agreements with other countries very soon. This was indicated by Shri L.V.Saptharishi, Chairman, EIC and Additional Secretary, Ministry of Commerce & Industry and said that this agreement was a major development for increasing the bilateral trade between the two countries. Shri Saptharishi presented the signed documents of the Agreement to Mr. Mangala Moonesinghe, Sri Lanka’s High Commissioner in India here yesterday evening. Shri M.V.P.C.Sastry, Joint Secretary, Ministry of Commerce & Industry and Mrs. Shashi Sareen, Director, EIC were present in the function along with the representatives of trade & industry.

Under this agreement SLSI will recognise EIC’s export inspection and certification for the purpose of its Import Inspection Scheme. It would provide for reduced level of inspection of consignments on arrival paving the way for easier access to Indian goods and facilitating exports from India. The Agreement covers 84 commodities comprising items like Milk products, Vegetable Oils, Confectioneries, Fruit and Vegetable Products, Household Electrical Appliances, Cement etc. Mrs. Sareen highlighted the benefits to Indian exporters through this agreement which includes reduced level of inspection and testing by Sri Lankan authorities and consequent reduction in costs; minimal risk of rejection and elimination of costs of reprocessing/recall/destruction; relief from hassles and cost involved in consignment wise inspection ensuring timely shipment; avoiding delays in customs clearance at Sri Lanka and providing a forum for exporters for representing to SLSI in case of any problems in exporting to Sri Lanka.

Shri Saptharishi asked exporters to take advantage of this agreement and said that this certification facility should be used extensively by the exporters to satisfy the consumers. Under this Agreement both EIC and SLSI will cooperate and communicate to the fullest practicable extent their requirements that may be relevant to the other party. Information will also be exchanged on any adverse findings in Sri Lanka’s random verification including disposal of implicated products and evidence of any falsification of EIC’s certification. Earlier, EIC has signed similar agreements with Australia, European Commission and USFDA. EIC is the official export inspection and certification agency of India under the Ministry of Commerce & Industry.