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 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.
The proposed free trade agreement between Sri Lanka and China is to be signed in June 2015, and not end 2014, Sri Lankan government officials have said.
Sri Lanka and the United States inked a joint trade and investment agreement on Wednesday in Colombo.
The Pakistan Automotive Manufacturers Association (PAMA) has urged the Pakistan government to put automobiles and auto parts in the negative list of the Free Trade Agreement (FTA) with Sri Lanka to safeguard Pakistani manufacturers against the entry of cheaper Indian products manufactured in Lanka.
Sri Lanka and Bangladesh have begun exploring the possibility of a Free Trade Agreement (FTA) between the two countries, the Industries and Commerce Ministry said in a statement on Tuesday.
During Chinese President Xi Jinping’s visit to the island this week, the two sides will launch negotiations on a China-Sri Lanka free trade agreement.
Sri Lanka will focus on increasing trade and investment with China as well as broadening the scope of a proposed Free Trade Agreement (FTA), a top official said on Tuesday.
The possibility of a first ever official trade agreement with one of the most discerning Asian suppliers to Sri Lanka has edged closer to reality.
Sri Lanka and China have completed the joint feasibility study for establishing a free trade agreement between the two countries and will push ahead with signing it before the end of the year, a statement from the Finance Ministry said on Thursday.
China and Sri Lanka could sign a free trade agreement by the end of the year, state news agency Xinhua cited Sri Lanka’s foreign minister as saying, a move that will help cement Colombo’s growing economic and diplomatic ties with Beijing.