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  • Does Sri Lanka have a free trade agreement with India?
  • At present, Sri Lanka is a party to the Agreement on South Asian Free Trade Area (SAFTA) and the Agreement on Asian Free Trade Area (AFTA). There appear to be renewed efforts from the Sri Lankan government to recommence negotiations with China and expand the existing FTA with India. The FTAs with India and Pakistan cover only trade in goods.
  • Is Sri Lanka negotiating a FTA with China?
  • Sri Lanka is also in discussions with China to resume negotiations for a proposed FTA. So far, six rounds of negotiations have been concluded, aiming to gain market access for selected Sri Lankan products in China and establish links to global value chains.
  • What is Sri Lanka doing to strengthen trade ties?
  • The government intends to strengthen its trade ties particularly with the Asia Pacific Region. At present, Sri Lanka is a party to the Agreement on South Asian Free Trade Area (SAFTA) and the Agreement on Asian Free Trade Area (AFTA).
  • Will Sri Lanka enter a 12th round of ETCA negotiations with India?
  • Furthermore, Sri Lanka is set to enter its 12th round of negotiations on the proposed Economic and Technology Cooperation Agreement (ETCA) with India. This comprehensive agreement has a broader scope than the current ISLFTA, underscoring the deepening economic ties between the two nations.