Singapore and Sri Lanka, dismissing protests, sign free trade agreement

23 January 2018 - 234   - 0

Singapore and Sri Lanka signed a free trade agreement (FTA) on Tuesday in Colombo despite strong objections from professional groups in Sri Lanka.

The pact is expected to increase trade and economic services between the two countries. Professionals in Sri Lanka had objected to the deal saying the legal framework was not in place in Sri Lanka for such trade pacts while Singapore, on the other hand, had a proper legal framework in place.

Singapore Prime Minister Lee Hsien Loong, who arrived in the island on Monday on an official visit, and Sri Lankan President Maithripala Sirisena witnessed the event in Colombo.

It was signed by Minister for Development Strategies and International Trade Malik Samarawickrama and Singapore’s Minister for Trade and Industry (Industry) S. Iswaran. – ENDS -

  Comments - 0

  • Leave a comment

Top Stories

Political Crisis : President Sirisena to swear in a new coalition Government

Sri Lanka’s nine day old political stalemate will end Wednesday when President Maithripala Sirisena swears in a new coalition Government with...

19 February 2018 - Views : 368

UAE and Lanka sign MoU to support recruitment of workers from Govt approved recruitment agencies

19 February 2018

Weerawansa corruption case to be taken up in May

19 February 2018

Political impasse paralyses Sri Lanka’s state machinery  

19 February 2018



Features & Analysis

Jaffna Festival back at the Cinnamon Grand

Cultural extravaganza, Jaffna Festival is back at the Cinnamon Grand Hotel. Visitors to the Cinnamon Grand&rsquo...

Maha Shivarathri: Religious observances by night

As Hindu devotees celebrated Maha Shivarathri throughout the island yesterday our photographer captured these images ...

Positive Living with PD : Support group for those living with Parkinson’s, their care-givers and families

Positive Living with PD – a support group meeting will be held on February 14 at 6 p.m. at the Methodist Church...

Come, support the small wild cat at ´Fishing Cat February´

Help celebrate Fishing Cat February, a month dedicated to the water loving feline, by joining the Small Wild Cat R...