Sri Lanka has preferential and free trade agreements with India, Pakistan, Iran, Egypt, Singapore and Israel. It is currently in the processing of upgrading its agreement with India to a much more comprehensive one.
Sri Lanka is also party to SAFTA, the agreement on a South Asia Free Trade Area, as well as BIMSTEC, which aims to hammer out a regional FTA.
last update: May 2012
Photo: Sri Lankan engineers’ association
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.
Prime Minister Mahinda Rajapaksa has suggested to the Cabinet that bilateral talks with China on a Free Trade Agreement (FTA) be resumed immediately.
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.
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.
The Economic and Technology Cooperation Agreement (ETCA) with India is among the bilateral trade agreements to be reviewed by the Sri Lankan government to decide on the next step, a Minister said.
Sri Lanka has given the nod for the Ministry of Trade to examine ways of re-negotiating existing free trade agreements and enter into new ones, the government said.
Sri Lanka and Thailand have expressed hope to revive talks on a free trade deal, after two rounds of negotiations.