The trade deal spurred exports between the countries, with over two billion dollars in bilateral trade, but only a few products have dominated Sri Lanka’s exports.
Sri Lanka’s exports to India dipped to 50.8 billion rupees last year from 56.2 billion rupees in 2005, with a drop in the island’s few top exports.
For the first time there was a drop in exports to India last year due to problems with vanaspati and even copper exports, Subhashini Abeysinghe, Economist at the Ceylon Chamber of Commerce trade cell, told a seminar on Thursday.
Vanaspati, a vegetable oil popularly used for cooking in India, made up 22 percent of exports, still heading the list though down from 26 percent the year before.
India had accused local exporter