Singapore and India have concluded the second review of their preferential trade pact – the Comprehensive Economic Cooperation Agreement (CECA).
The joint opposition today challenged Minister Malik Samarawickrama to a debate on the Free Trade Agreement (FTA) with Singapore and urged President Maithripala Sirisena to suspend the FTA.
Singapore and India will reduce or remove tariffs on a further 30 products, improve rules of origin and facilitate mutual recognition of nursing standards following the second review of the Comprehensive Economic Cooperation Agreement (CECA) between the two countries.
SLFP MP Dayasiri Jayasekara alleged today that former Central Bank Governor Arjuna Mahendran, who was in Singapore, had played the key role in signing the Free Trade Agreement between Sri Lanka and Singapore.
The Sri Lanka Singapore Free Trade Agreement has raised serious concern among many industries.
The four-country Pacific Alliance consists of Chile, Colombia, Mexico, and Peru. The coalition aims to achieve the goal, launched nearly a year ago, of conferring a new associate member status to Australia, Canada, New Zealand, and Singapore.
Government doctors are to stage a token strike tomorrow against the Free Trade Agreement (FTA) between Sri Lanka and Singapore.
The President of Sri Lanka expressed that his government will safeguard the local industrialists. In several occasions, he has mentioned that the government does not want to go for trade agreements that are deleterious to the country’s economy. However, in January this year, the president was seated in the high chair clapping when the bilateral trade agreement with Singapore is signed, which liberalized the country’s service sector effectively for the first time.
In response to concerns raised by some professional associations last week concerning the Sri Lanka-Singapore Free Trade Agreement (SLSFTA), the Development Strategies and International Trade Ministry in a detailed response said the movement of natural persons from Singapore has not been opened except for intra-corporate transferees in senior management and business visitors linked to investments.
In Sri Lanka, the top professional bodies representing engineers, architects, town planners and quantity surveyors and other related professions this week charged that the government has rushed into signing the Sri Lanka-Singapore Free Trade Agreement (SLSFTA) without having proper legal frameworks in place to ensure job security of local professionals and the possible entry of under-qualified overseas professionals.
The Free Trade Agreement (FTA) signed with Singapore is detrimental to the country because it would allow the flowing in of cheap labour from countries such as India, Pakistan and Bangladesh, the joint opposition said today.
Authentic texts as of April 2018
With Singapore as chair of the regional bloc this year, China has an advantage as the focus shifts from geopolitics to trade and investment.
The European Commission has given the green light to clear an EU-Singapore trade and investment agreements that aim to take bilateral relations to a new level.
The European Commission put forward a proposed free-trade agreement with Japan for fast-track approval, hoping to avoid a repeat of the public protests that nearly derailed a trade pact with Canada.
Singapore has signed an agreement with China to strengthen cooperation on its ambitious Belt and Road Initiative, aiming to expand the city-state’s involvement.
Singapore’s Foreign Affairs Minister Vivian Balakrishnan met his Chinese counterpart Wang Yi in Beijing on Sunday, with both reaffirming bilateral ties and stressing the importance of upholding free trade.
Just a week after signing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with nine other countries, Singapore and Australia vowed to “redouble” efforts to conclude an ambitious free-trade agreement among 16 Asia-Pacific countries this year.
The negotiations on EUSFTA were concluded in October 2014. When ratified, it will be the first trade deal implemented by EU and an ASEAN member state.
Singapore and European Union (EU) have committed to facilitate the ratification of their trade and investment deal by the end of 2018 and push its entry into force soon thereafter.