Sri Lanka to expedite economic, technology deal with India

Sri Lanka Prime Minister's Office had said the government will expedite the signing of an Economic and Technology Cooperation Agreement with India, officials reported on Tuesday.

The decision was made in response to Britain's voting to exit the European Union (EU) last week, Xinhua news agency reported.

Businesses had suggested that speeding up the deal will benefit stability and continuity of the country's economy.

The prospect of Sri Lanka's exports to Britain, which account for some 40% of the country's total exports to Europe, became uncertain after the vote.

According to the report, a group of Sri Lankan officials will arrive at New Delhi to negotiate with India and fast track the signing of the agreement.