Sri Lanka, April 10 -- The apparel industry of Sri Lanka which contributes 7% of GDP (Gross Domestic Product) and 53% of export earnings is going to expand its territory to South Asian Countries such as India and China and to South America.

In an interview with the Daily News- Finance, Secretary General, the Joint Apparel Association Forum (JAAF), Tuli Cooray said that 12% of the country's apparel exports go to other continents. "We are targeting the world as a market," he said. The penetration of our nation to the market is determined on the tariff and country of origin rules. Earlier the bilateral agreement was the exception to the rule but now the World Trade Organization (WTO) regulations has become the exception while the bilateral ...