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.
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.
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.
Pakistan, Sri Lanka’s second largest trade partner in the region, has indicated interest in expanding its free trade agreement (FTA) trade with the island, creating growth in bilateral trade, which already exceeds the US $ 460 million mark, according to Sri Lanka’s trade ministry.
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.