Sri Lanka, Aug. 1 -- Sri Lanka must urgently draw lessons from the recently concluded UK-India Free Trade Agreement (FTA) to revitalise its trade and investment ties with India, the Indo-Lanka Chamber of Commerce and Industry said, calling for the swift implementation of a similar bilateral pact.

Citing the UK-India FTA, which is projected to add £4.8 billion annually to the British economy while opening doors for deeper market access and investments between the two countries, the chamber said Sri Lanka stands to gain even more due to its geographic proximity and existing ties with India.

"This is a powerful example of what can be achieved through a well-structured bilateral agreement. Sri Lanka is far better positioned geographica...