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’s cabinet of ministers has approved a proposal to fast-track a free trade agreement with Thailand in the hopes of increasing exports to the Asian nation.
Sri Lanka’s cabinet of ministers has approved a proposal to fast-track a free trade agreement with Thailand in the hopes of increasing exports to the Asian nation, Cabinet Spokesman Minister Bandula Gunawardana said.
The government has resumed measures to operationalise the Sri Lanka-Singapore Free Trade Agreement (SLSFTA) that came into effect in May 2018 which covers goods, services, investment, intellectual properties, telecommunications, e-commerce, trade facilitation, government procurement, competition and economic and technical co-operation.
The Chinese Minister of Commerce, Gao Hucheng, and the Sri Lankan Minister of Economic Development, Basil Rajapaksa, signed a memorandum on the launch of the free trade agreement (FTA) negotiations, officially announcing the launch of bilateral FTA negotiations.
Officials from Thailand are scheduled to arrive in Sri Lanka on Monday to start the third round of talks after negotiations were suspended in 2018, said K.J. Weerasinghe, Sri Lanka’s Chief Negotiator of Free Trade Agreements (FTAs).
Sri Lanka will step up efforts to revive a stalled free trade pact with Singapore, President Ranil Wickremesinghe told the city state’s premier.
Sri Lanka is ready to implement the Free Trade Agreement (FTA) with Singapore, President Ranil Wickremesinghe said.
Prime Minister Mahinda Rajapaksa has suggested to the Cabinet that bilateral talks with China on a Free Trade Agreement (FTA) be resumed immediately.
The balance of trade between the Srilanka and China has been heavily in favour of China. the Srilanka government has decided to revisit the proposed free trade agreement (FTA) with China.
The Cabinet Sub Committee on China agreed to fast-track the possible next steps in consultation with the relevant stakeholders at the earliest.