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 Lankan International Trade Minister plans to hold ministerial-level discussions with Indian counterparts during his visit to India this week, in order to resume trade negotiations.
Chinese trade with the island nation is booming even while Indian trade seems stuck. The recent rise of China-Sri Lanka economic relations has been the subject of much discussion, debate, and analysis.
The petition filed seeking a court order pronouncing that the Sri Lanka-Singapore Free Trade Agreement is against the Constitution, will be taken up for consideration on January 09, the Supreme Court has decided.
Singapore and Indonesia have agreed to conclude talks on a bilateral investment treaty between their countries before their leaders hold a retreat next month.