Lanka prepares the ground for a FTA with Singapore

2022-09-27 16:03:41 Exim News

Faced with economic crisis and very few countries coming forward to bail out Sri Lanka the island government has decided to revive a stalled free trade pact with Singapore pending for nearly four years.


Sri lankan President Ranil Wickremesinghe is understood to have raised the issue during his meeting with Singaporean Prime Minister Lee Hsien Loong in Japan on the sidelines of the state funeral for former Japanese Prime Minister Shinzo Abe who was assassinated nearly three months ago


The free trade pact between Sri Lanka and Singapore signed in January 2018 was suspended because of objections from Sri Lankan opposition parties and professional bodies. Sri Lanka proposed several amendments but there were no takers on the opposition side.

Other Exim News