Sri Lanka, Jan. 29 -- While the recently announced trade agreement between India and the European Union has triggered concern among sections of Sri Lanka's export industry, some analysts believe it could also create fresh opportunities for the island.

Speaking to us, economist Professor Priyanga Dunusinghe said that although the so-called "mother of all deals" may appear daunting, it could act as a gateway for new regional trade and investment flows.

"There will be outsourcing from Indian markets to neighbouring markets, particularly in the area of leather products, textiles, rubber-based products, and marine, and so on," he said.

"There will be a new market that will be open to Indian investors. So, as a result of that, India will be ...