Thailand Proposes FTA with Sri Lanka

10 March 2016

Thailand is proposing a Free Trade Agreement (FTA) with Sri Lanka, according to Thailand Deputy Prime Minister for Economic Affairs, Dr. Somkid Jatusripitak. The Deputy Prime Minister highlighted how the FTA will bring in a new era of mutual cooperation and prosperity as he addressed the Business Forum organized by Sri Lanka's Export Development Board.

The two countries have signed 3 memorandums of understanding and letters of intent that present fresh opportunities in sectors including pharmaceuticals, fruits and vegetables, and automation, with the intent of tripling their bilateral trade by 2020, to bring it from $500 million to $1.5 million in 5 years.

 

Related Links:

The Government of Bangladesh has launched a fully automated trade clearance system, making the submission and issuance of...

Read More


Assam and Bhutan have pledged to strengthen their bilateral tourism ties by collaborating on smoother and more accessible...

Read More


The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) celebrated its 28th Anniversary on 16...

Read More


Nepal began its regular export of electricity to Bangladesh, by sending 40 megawatts (MW) of electricity through India's...

Read More


In a landmark move to enhance tourism cooperation between India and Nepal, the Indian Association of Tour Operators...

Read More


Reliance Power of India has signed a major agreement with Green Digital Private Limited, a Bhutan government-owned entity,...

Read More


The Adani Group of India and the Druk Green Power Corporation (DGPC) of Bhutan have signed a landmark...

Read More