ISDS Case Map
Sri Lanka
President Ranil Wickremesinghe said that Sri Lanka – India Free Trade Agreement would be revived and upgraded into a comprehensive economic and technological partnership.
A senior government spokesperson of Sri Lanka said that there has been no positive response from China for the proposed debt restructuring programme despite taking steps to hasten the free trade agreement (FTA).
Negotiations on the Indonesia-Sri Lanka Preferential Trade Agreement (ISL-PTA) will begin soon as both countries see the enormous potential to boost bilateral trade, said Ambassador of the Republic of Indonesia, Dewi Gustina Tobing.
Prime Minister Mahinda Rajapaksa has suggested to the Cabinet that bilateral talks with China on a Free Trade Agreement (FTA) be resumed immediately.
Bangladesh is keen to clinch a Free Trade Agreement not only with India but also with Indonesia and Sri Lanka in a year.
While China has empathy for Sri Lanka’s economic plight and is keen on helping it, there ought to be “an early start of the negotiation and signing of the Free Trade Agreement, so as to enhance mutually beneficial cooperation.
The balance of trade between the Srilanka and China has been heavily in favour of China. the Srilanka government has decided to revisit the proposed free trade agreement (FTA) with China.
The Cabinet Sub Committee on China agreed to fast-track the possible next steps in consultation with the relevant stakeholders at the earliest.
Indonesian Ambassador to Sri Lanka and Sri Lanka Trade Minister
have agreed to push for immediate negotiations on Preferential Trade Agreement between the two countries.
Final offer lists of products from both sides will be sent virtually later in January, said a senior official of the commerce ministry in Bangladesh.
