ISDS Case Map
Sri Lanka
The first ever international Free Trade Agreement entered by Sri Lanka has boosted its exports to its partnering country by no less than 16 times-and overall trade volumes grew by eight fold.
Bangladesh says it is ready to start discussions with Sri Lanka to strike a Free Trade Agreement between the two nations to improve two way trade, announced the Island’s Ministry of Industry and Commerce.
Amidst continuing opposition from professionals and businessmen to the Comprehensive Economic Partnership Agreement (CEPA) with India, the Sri Lankan government is now shifting gears to strengthening the Indo-Lanka Free Trade Agreement (FTA), a top government official said.
The development assumes importance as Sri Lanka did not show positive response to India's offer to expand FTA between two countries to Comprehensive Economic Partnership Agreement
Sri Lanka has apparently informed Indian authorities it was not keen on having a Comprehensive Economic Partnership Agreement (CEPA) with India, as it feared granting more Indian access to its markets would destroy that country’s domestic industry. However, it has made its own set of fresh demands to consider under the Free Trade Agreement (FTA), which is under operation since March 2000.
Sri Lanka and Israel have held their first bilateral consultation on enhancing trade ties, authorities said.
The calls to boycott American goods and services in the wake of the recent resolution at the United Nations Commission on Human Rights (UNCHR) have highlighted the fact that Sri Lanka’s export trade is heavily dependent on a narrow slew of countries.
The companies from Sri Lanka are seeking for Azerbaijani partners for export development to Azerbaijan, a news report said. Economic Development Ministry of Azerbaijan reports that Sri Lankan companies are ready to supply fruits, spices, fabric and paints to the country.
India and Sri Lanka are keen to resume talks on the Indo- Sri Lanka Free Trade Agreement (ISFTA) and Comprehensive Economic Partnership Agreement (CEPA) in March, said Ministry of Trade and Commerce sources.
Sri Lanka is expected to delay the decision to sign a comprehensive trade agreement with India that would encourage bilateral trade, a top government official said on Tuesday.
