During his visit to India in September, Wickremesinghe expressed the hope that a trade and investment agreement would be signed by mid-2016, in addition to technological development. Even at the time when some media had announced that the EPA would be signed, the government had denied such reports. There are two documents, a framework and the agreement itself. Only the framework document is expected to be signed in the coming weeks. In fact, it is only to open real negotiations. So still plenty of time to panic and change things. An official meeting is scheduled for 21 December in New Delhi to discuss the outlines of the proposed economic and technological cooperation agreement. Many of them is because the document itself is not (official) public, but we have an unofficial copy here, and some quick FAQs. This article won`t tell you if the deal is good or bad, but it will try to roughly put what it is. Unlike goods, this means that people can move across borders.
Computer experts from India could work in Sri Lanka and Sri Lanka IT professionals could work in India. This means that they could compete for employment, which worries many people. The secrecy and lack of transparency around the agreement is pointless. The Economic and Technological Cooperation Agreement (ETCA) is a proposal for a diplomatic agreement to complement the existing free trade agreement between the Republic of India and the Republic of Sri Lanka, particularly with regard to trade in services and the services sector; it aims to mimic a proto-free movement system and an internal market.  Sri Lanka and India are negotiating a trade agreement that is highly controversial. Unlike other trade agreements that include goods, these are services, particularly IT services and shipyards. This means that people can go back and forth, and given Sri Lanka`s long and sometimes controversial relationship with India, this is very controversial. The standing committee is made up of senior officials and is expected to meet at least every two years. It will be responsible for maintaining close ties with trade and industry, while acting as a platform to resolve changes to the agreement. Perhaps you should return to India if Sri Lanka is so expensive? The impact of the proposed agreement is estimated at an increase in the common economy of $500 billion.
 It has been compared to the economic union between the countries of Northeast Asia, Taiwan and the People`s Republic of China, as a framework agreement for economic cooperation, and these two agreements share problems with the inhabitants of the island state who fear being underestimated by cheaper workers on the continent.  As an Indian IT expert in Sri Lanka, panic and reactions against CEPA are out of place. My two cents. 1. Cost Arbitration: Works on behalf of Sri Lankan IT experts. An ephemeral look at the home-making salary of business analysts, (Functional, Domain, Technical) Consultants is 1.5 times the salary a Sri Lankan professional earns. I think that difference is at a lower level. This is more or less true for beginners.
(My own example, I`m not yet the salary I spent in India in 2010) 2. Cost of living: After three years in Sri Lanka, I realize that the cost of living is higher. From food to other daily/monthly expenses, Sri Lanka is on the upper side. With a reduced salary, and throwing in the cost of living in the mix, working in Sri Lanka is not an incentive. 3. Destination option: Sri Lanka is NOT the target for Indian IT professionals. It has nothing to do with the country. Most Indian computer programmers are sucked into dollar dreams. The temptation of the West is far too strong for them. Added to this is the general ignorance of the Indians in their neighbouring countries, Sri Lanka will not be on their radar. Even after the launch of the CEPA, I don`t see an influx of Indian IT professionals.