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The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration.
Norway – China–Norway Free Trade Agreement; Sri Lanka – China–Sri Lanka Free Trade Agreement; Nepal – memorandum on a feasibility study currently in place [113] Costa Rica. EFTA; South Korea; Colombia is negotiating or is planning bilateral agreements with the following countries and blocs: Japan; Turkey
Sri Lanka The Asia-Pacific Trade Agreement (APTA) , previously known as the Bangkok Agreement [ 1 ] and renamed 2 November 2005, [ 2 ] was signed in 1975. It is the oldest preferential trade agreement between countries in the Asia-Pacific region.
On 6 June 1997, a new sub-regional grouping was formed in Bangkok under the name BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation). [12] [13] Following the inclusion of Myanmar on 22 December 1997 during a special Ministerial Meeting in Bangkok, the Group was renamed 'BIMST-EC' (Bangladesh, India, Myanmar, Sri Lanka and Thailand Economic Cooperation).
Moreover, China committed to offering a premium rate for rubber exceeding the global market price, and also managed the associated export costs for rubber shipments from Colombo. China paid Ceylon Rs. 1.74 per pound of rubber, whereas the average world market price was Rs. 1.05 per pound. This premium varied with every five-year agreement.
The Ministerial Decision on Modalities of 2 December 2009 [12] included, in par. 7, "(a) an across-the-board, line-by-line, linear cut of at least 20 per cent on at least 70 per cent of their dutiable tariff lines; or (b) in the case of Participants with duty-free tariff lines accounting for more than 50 per cent of their total national tariff ...
Bangladesh, China, Laos, Mongolia, South Korea, Sri Lanka 1975 ASEAN-India Trade in Goods Agreement: CECA ASEAN: 13 August 2009 1 January 2010 [7] ASEAN-India Trade in Services Agreement: November 2014 1 July 2015 [7] [19] ASEAN-India Investment Agreement: November 2014 1 July 2015 [7] [19] Global System of Trade Preferences (GSTP) PTA 41 ...
The Bangladesh-Sri Lanka joint working group was formed in 2013 to increase trade. The two countries have agreed to sign a shipping agreement. [11] In 2013, Bilateral trade between the two countries crossed the 100 million dollar mark. [12] [13] [14]