The ongoing economic crisis and challenges of penetrating the Chinese market are making Sri Lanka cautious about concluding a Free Trade Agreement with China, despite pressure.
Sri Lanka will step up efforts to revive a stalled free trade pact with Singapore, President Ranil Wickremesinghe told the city state’s premier.
Sri Lanka is ready to implement the Free Trade Agreement (FTA) with Singapore, President Ranil Wickremesinghe said.
Japan is keen to ink a Free Trade Agreement (FTA) with Sri Lanka to increase bilateral trade between the two countries, said Deputy Head of Mission Embassy of Japan in Sri Lanka Katsuki Kotaro.
President Ranil Wickremesinghe said that Sri Lanka – India Free Trade Agreement would be revived and upgraded into a comprehensive economic and technological partnership.
A senior government spokesperson of Sri Lanka said that there has been no positive response from China for the proposed debt restructuring programme despite taking steps to hasten the free trade agreement (FTA).
Negotiations on the Indonesia-Sri Lanka Preferential Trade Agreement (ISL-PTA) will begin soon as both countries see the enormous potential to boost bilateral trade, said Ambassador of the Republic of Indonesia, Dewi Gustina Tobing.
Prime Minister Mahinda Rajapaksa has suggested to the Cabinet that bilateral talks with China on a Free Trade Agreement (FTA) be resumed immediately.
Bangladesh is keen to clinch a Free Trade Agreement not only with India but also with Indonesia and Sri Lanka in a year.
While China has empathy for Sri Lanka’s economic plight and is keen on helping it, there ought to be “an early start of the negotiation and signing of the Free Trade Agreement, so as to enhance mutually beneficial cooperation.
The balance of trade between the Srilanka and China has been heavily in favour of China. the Srilanka government has decided to revisit the proposed free trade agreement (FTA) with China.
The Cabinet Sub Committee on China agreed to fast-track the possible next steps in consultation with the relevant stakeholders at the earliest.
Indonesian Ambassador to Sri Lanka and Sri Lanka Trade Minister
have agreed to push for immediate negotiations on Preferential Trade Agreement between the two countries.
Final offer lists of products from both sides will be sent virtually later in January, said a senior official of the commerce ministry in Bangladesh.
China has signaled the desire to re-start a stalled Free Trade Agreement talks with Sri Lanka, during a visit of Foreign Minister Wang Yi.
Dhaka wants to conclude preferential trade agreement (PTA) with Colombo on March 4th next, now that Bangladesh begins to arm itself with trading tools for its graduation into competitive-market regime.
Bangladesh is eagerly awaiting a preferential trade agreement with Sri Lanka and requires feels some kind of facilitation was necessary to take bilateral trade to the next level.
The government will soon start negotiations aiming to sign a preferential trade agreement (PTA) between Bangladesh and Sri Lanka by July, in a bid to increase bilateral trade volume between the friendly nations.
Pakistan and Sri Lanka are exploring ways to enhance the bilateral trade under the Free Trade Agreement between the two countries.
Dhaka has expressed its keen interest to sign a free trade agreement (FTA) with Colombo to exploit the huge potential of bilateral trade between Bangladesh and Sri Lanka.