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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.
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 ...
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 products on which duty is to be reduced, while an FTA uses a negative list ...
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation of seven South Asian and Southeast Asian nations, housing 1.73 billion people and having a combined gross domestic product of US$5.2 trillion (2023).
The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination ...
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.
Sri Lanka says it has reached an agreement with the Exim Bank of China on key terms and principles for restructuring its debt, a key step toward unlocking a second instalment of a $2.9 billion ...
The Ceylon–China Trade Agreement of 1952, also known as the Rubber-Rice Pact, was an international trade agreement between the People's Republic of China and the Dominion of Ceylon (now known as Sri Lanka), signed on 18 December 1952 and lasting for 30 years. It proved to be the cornerstone of the early years of diplomatic relations between ...