- Negotiations
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
28-May-2010
Lanka Web
The India-Sri Lanka agreement is like the story of two farmers who share a cow by owning two equal halves of the cow. They tied a rope around the belly of the cow. One owned the front part and the other the rear. Farmer who owned the rear got all the economic benefits including milk, calves and even manure while the other paid for it!
27-May-2010
The Island
President Mahinda Rajapaksa on Tuesday said Sri Lanka would not enter into trade agreements that would have an adverse effect on the country’s economy when he met a group of protestors against the implementation of a comprehensive economic partnership agreement (CEPA) with India.
26-May-2010
The Island
A large group of Sri Lankan entrepreneurs, businessmen and workers launched a protest outside the Liberty Plaza complex at Kollupitiya yesterday, opposing the CEPA trade agreement with India.
26-May-2010
AFP
Hundreds of protesters took to the streets in the capital Colombo Tuesday demanding Sri Lanka’s government abandon a proposed trade pact with neighbouring India.
26-Apr-2010
The International Monetary Fund (IMF) believes that South Asia’s prospects for a regional grouping have greatly improved and that prospects for deeper economic integration within the region and with the rest of Asia would continue to improve in future.
15-Mar-2010
The Free Trade Agreement between India and Sri Lanka is 10 years old and a top trade economist says trade between the two South Asian neighbours have improved and that Sri Lanka should consider upgrading the agreement into a comprehensive economic partnership.
22-Nov-2009
A Free Trade Agreement (FTA) with Singapore would be beneficial because it would result in more opportunities with Sri Lanka, currently attempting to develop itself as a hub to India and a financial hub; particularly due to the country’s existing respective FTAs with India and with Pakistan, a top Singapore businessman has said.
8-Nov-2009
Negative trade balance is not always negative. It could be looked in a broader context said the Head of Chancery of the Pakistan High Commission in Sri Lanka Balal Akram. Referring to the negative trade balance between the countries which is favourable to Pakistan Akram said that 35 per cent of Sri Lankan imports from Pakistan are raw material for the apparel industry.
8-Nov-2009
IPS
Sri Lanka has reacted strongly to a European Commission (EC) probe on its human rights record, saying it is politically motivated.
19-Oct-2009
Lanka Business
The United States has asked Sri Lanka, ranked high for software piracy in Asia, to better enforce intellectual property rights and also lift restrictions on American imports like genetically modified food.
