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 Lankan public has not heard of most of the FTAs that the country has entered into, let alone the harm or benefit they might get.
President’s Counsel Sanjeeva Jayawardane impugned before the Supreme Court that the Free Trade Agreement (FTA) Sri Lanka has entered into with Singapore is inimical to the interests of Sri Lanka.
The trade deal between Singapore and Sri Lanka is not seen that of ’equals’ to create economic relations. The difference is not pertaining to their respective economic powers but their legal and regulatory frameworks.
Secretary to the Ministry of Development Strategies and International Trade, Chandani Wijewardana last week refuted reports that discussions between Sri Lanka and China on the proposed Free Trade Agreement (FTA) had come to a standstill.
The Sri Lankan government will hold ministerial level talks with China to review and iron out contentious issues in the proposed Free Trade Agreement (FTA) between the two countries, Development Strategies and International Trade Minister Malik Samarawickrama said.
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.
Talks between China and Sri Lanka for a free trade agreement have hit a major hurdle as Beijing has rejected Colombo’s demand for a review of the deal after 10 years.
alks between China and Sri Lanka for a free trade agreement have hit major hurdles, mainly because Beijing will not agree to Colombo’s demand for a review of the deal after 10 years, Sri Lanka’s top negotiator said.
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.