Sri Lanka has signed a $1.1bn (£837m) deal with China for the control and development of the southern deep-sea port of Hambantota.
Both Singapore and Sri Lanka are committed to concluding negotiations on a free trade agreement before the end of the year, Foreign Minister Vivian Balakrishnan said in Colombo.
Dhaka has been negotiating the FTA with Colombo since 2013 to increase trade now worth $80 million every year.
Sri Lanka is closing in on a Free Trade Agreement (FTA) with China after ending the sixth round of negotiations on trade in services with senior officials hopeful that the deal could be concluded soon.
Sri Lanka and Thailand have come to a consensus on a free trade agreement covering trade in goods. The MoU will be signed in August.
Discussions on the proposed Sri Lanka-Malaysia free trade agreement have advanced into the scoping stage.
Commerce Ministry officials continued their three-day talks on the ETCA to iron out differences on the upgraded Free Trade Agreement of 2000 to include services, investment and technological trade.
Sri Lanka expects to deepen existing FTA with India and to sign a FTA with Singapore and another with China. Sri Lanka also hopes to talk to Japan, Indonesia and other ASEAN countries with regards to FTAs.
Fear of economic domination by the ‘Big Brother’ has replaced the earlier fear of political and military dominance.
Sri Lanka aims to finalise a free trade agreement (FTA) with China later this year, said the country’s ambassador to Beijing
With China too eyeing a similar agreement with Colombo, New Delhi aims to sign expanded FTA this year.
Fonterra has welcomed the announcement that New Zealand and Sri Lanka will progress discussions on new trade and investment opportunities.
New Zealand and Sri Lanka will open diplomatic posts in each other’s nations and are considering a free trade agreement
The European Commission proposed that the bloc reinstates a trade concession to Sri Lanka as an incentive to the government to promote human rights and good governance.
Sri Lanka is keen to establish a tripartite arrangement for trade and investment with India and Singapore, Deputy Minister for Foreign Affairs Harsha de Silva has said.
Sri Lankan side is pressing the Indians to make certain concessions explicitly to enable it sell the pact to the Sri Lankan masses
Sri Lanka and Bangladesh have discussed signing a free trade agreement between the two countries
Negotiations have become tougher and tougher as both sides are keen on clinching a good deal without unrealistic compromises.
Malaysia and Sri Lanka have agreed to explore the possibility of initiating the Malaysia-Sri Lanka Free Trade Agreement in efforts to promote trade between the two countries.
Senior officials of India and Sri Lanka will meet to discuss broadening of the existing trade deal by including services and investments.