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South Asian Free Trade Area. 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. [ 1] One of the major goals was to reduce ...
Indian Prime Minister Narendra Modi and Sri Lankan President Maithripala Sirisena. The Economic and Technology Co-operation Agreement (ETCA) is a proposed diplomatic arrangement that seeks to add to the existing free trade agreement between the Republic of India and the Republic of Sri Lanka, primarily in relation to trade-in services and the service sector; it seeks to emulate a proto freedom ...
The India Mercosur Preferential Trade Agreement is an example of a PTA. [2] A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members. The key difference between an FTA and a PTA is that PTAs have a positive list of ...
ASEAN ( blue) and Sri Lanka ( red) Flag of Sri Lanka. The accession of Sri Lanka to the Association of Southeast Asian Nations began as early as 1967, [1] making its accession process older than that of some current ASEAN members. Currently, the Sri Lankan government have yet to revive the idea.
Sri Lanka's cabinet approved issuing free tourist visas to visitors from seven countries including China, India and Russia, a statement issued by the media ministry said on Tuesday, to boost ...
Debt-stricken Sri Lanka signed a trade pact with Thailand on Saturday in a bid to boost trade and investment as the Indian ocean island nation is struggling to recover from its worst economic ...
Sri Lanka and Thailand have signed a Free Trade Agreement on February 2024, and agreed to enable visa-free travel. [8] Sri Lankans are unable to travel to Hong Kong, China, Indonesia and the Philippines, four of the world's most important markets, without a complex visa application process with a hefty visa fee. [9] The inability to access the ...
COLOMBO (Reuters) -The International Monetary Fund and Sri Lanka have reached a staff-level agreement on economic policies to conclude the second review of a four-year bailout programme, the ...