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
The Sri Lankan government will negotiate with the Indian government on how to rectify the concerns raised against the Economic and Technology Co-operation Agreement while reviewing the Singapore Free Trade Agreement.
Thailand Ambassador in Colombo said that the Free Trade Agreement signed between Thailand and Sri Lanka which will be effective from January next year.
Sri Lanka's cabinet has approved the signing of a trade agreement with Indonesia in March (next year), a government official said on Tuesday, as the island seeks to revive its crisis-hit economy, following a severe foreign exchange crunch in 2022.
Sri Lanka’s private sector trade body is in negotiations with Indonesian officials on a preferential trade agreement, which it hopes would increase exports to the Southeast Asian archipelago.
Sri Lanka has published a free trade agreement with Thailand which was negotiated with the aim of getting access for exporters up 85 percent of tariff liberalized over 15 years.
Sri Lanka’s cabinet of ministers have approved the starting of relevant negotiations for a free trade agreement with Malaysia, minister Bandula Gunawardena said.
Bangladesh Prime Minister Sheikh Hasina and Sri Lanka President Ranil Wickremesinghe have discussed a free trade agreement, a ferry service, an agricultural modernization program, and encouraging private investment opportunities.
Sri Lanka has begun implementing a free trade agreement with Singapore as part of efforts to improve market access, diversify market and draw investments, the island’s top trade negotiator said.
Sri Lanka has expressed its intent to join the Regional Comprehensive Economic Partnership (RCEP) by lodging a letter of intent and engaging in discussions with member states in Jakarta. While Sri Lanka's application is currently awaiting the development of an admission mechanism for new members, the country is actively pursuing membership in the world's largest trade bloc to expand market access.