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 and Iran signed a preferential trade agreement and several memoranda of understanding yesterday at the Islamic Republic Mansion in Tehran, the Office of the President said.
Sri Lanka will enter into a free trade agreement with Egypt in January next year.
Sri Lanka and Pakistan are hoping to have another go at the belated free trade agreement between the two countries in November.
India and Sri Lanka are on the threshold of a Comprehensive Economic Partnership Agreement (CEPA), Sri Lankan Minister of Trade, Commerce and Consumer Affairs, Jeyaraj Fernandopulle said Friday.
Sri Lankan Minister of Trade and Commerce and Consumer Affairs, Jeyaraj Fernandopulle concluded his four day visit to the US moving forward the bilateral trade and investment agenda.
The United States says it is keen to pursue a trade pact with Sri Lanka and agreed to meet in October to iron out issues.