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
Senior officials of India and Sri Lanka will meet to discuss broadening of the existing trade deal by including services and investments.
While India is looking at the Economic and Technical Cooperation Agreement as a mechanism to increase Indian investment in Sri Lanka, the Sri Lankan government is wanting to use ETCA to become part of the Indian supply chain
China after having successful free trade agreement with Pakistan, now agreed to reach similar arrangements with Sri Lanka for free trade regime.
When talking of economic development, foreign investments could be easily defined as a major portion of the base foundation of a country’s economy. In the modern era, countries extend their partnerships with the counterparts by initiating various investment strategies and by opening up their local markets and industries for global investors.
Sri Lanka and Pakistan have agreed to include services and investment chapters in the bilateral Free Trade Agreement.
The Chinese Government says it will have talks with Sri Lanka next year on the proposed Free Trade Agreement (FTA).
Sri Lanka today sought finalisation of the long-pending Comprehensive Economic Partnership Agreement (CEPA) with India by next year, saying it will significantly enhance two-way trade besides opening up new areas for economic engagement.
Pakistan and Sri Lanka are important partners not only in promoting bilateral trade and economic interactions but also enhancing regional economic integration through SAARC and SAFTA.
Switzerland has expressed interest to upgrade its Bilateral Investment Treaty with Sri Lanka.
A storm is brewing over renewed negotiation of the proposed Indo-Sri Lanka Comprehensive Economic Partnership Agreement (CEPA) after Indian Prime Minister Narendra Modi threw the ball in the Sri Lankan court saying India was interested in finalising this agreement.