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 Association of IT Professionals convened a press briefing in Colombo regarding the Sri Lanka-Singapore Free Trade Agreement (FTA) in which they stated it appears Member of Parliament Malik Samarawikrama is not versed on the agreement and that they themselves showed the Minister the clause regarding manpower.
Malaysia has expressed its strong interest in moving forward on the free trade agreement (FTA) with Sri Lanka that was initially contemplated in 2013, a communiqué from Sri Lanka’s Industry and Commerce Ministry said yesterday.
President’s Counsel Sanjeeva Jayawardane impugned before the Supreme Court that the Free Trade Agreement (FTA) Sri Lanka has entered into with Singapore is inimical to the interests of Sri Lanka.
The trade deal between Singapore and Sri Lanka is not seen that of 'equals' to create economic relations. The difference is not pertaining to their respective economic powers but their legal and regulatory frameworks.
Secretary to the Ministry of Development Strategies and International Trade, Chandani Wijewardana last week refuted reports that discussions between Sri Lanka and China on the proposed Free Trade Agreement (FTA) had come to a standstill.