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 today sought finalisation of the long-pending Comprehensive Economic Partnership Agreement (CEPA) with India by next year, saying it will significantly enhance two-way trade besides opening up new areas for economic engagement.
Pakistan and Sri Lanka are important partners not only in promoting bilateral trade and economic interactions but also enhancing regional economic integration through SAARC and SAFTA.
Switzerland has expressed interest to upgrade its Bilateral Investment Treaty with Sri Lanka.
A storm is brewing over renewed negotiation of the proposed Indo-Sri Lanka Comprehensive Economic Partnership Agreement (CEPA) after Indian Prime Minister Narendra Modi threw the ball in the Sri Lankan court saying India was interested in finalising this agreement.
Sri Lanka and Japan plan to formulate and sign a Free Trade Agreement in 2015, the Sri Lanka-Japan Business Co-operation Committee has announced.
The Indian High Commission in Sri Lanka last week denied reports that the country was pushing Sri Lanka to revive the much discussed Comprehensive Economic Partnership Agreement (CEPA) solely due to the former’s interest.
In a surprise move, the new Sri Lankan government is bringing back the long-pending CEPA with India to the negotiating table after Prime Minister Narendra Modi’s "gentle persuasion".
Prime Minister Narendra Modi today assured Sri Lanka that it will take steps to address the concerns arising out of the two-way merchandise trade between both neighbours even as he pitched for having a Comprehensive Economic Partnership Agreement (CEPA).
Sri Lankan President Maithripala Sirisena has said that he deliberately avoided having Comprehensive Economic Partnership Agreement (CEPA) with India on the agenda during his recent visit to New Delhi.
Sri Lanka says a free trade agreement between Sri Lanka and Bangladesh could boost current levels of bilateral trade by seven-fold and such a FTA is in the works.