Updated February 3rd, 2024 at 18:57 IST
The island nation has been renewing a focus on trade deals to foster economic growth and help its battered economy,
Thailand, Sri Lanka ink free trade agreement | Image:YouTube Screengrab
FTA: Thailand and Sri Lanka inked a free trade agreement (FTA) on February 3, a move Sri Lanka hopes will help it emerge from its worst financial crisis in decades.
The island nation has been renewing a focus on trade deals to foster economic growth and help its battered economy, which is estimated by the World Bank to have contracted 3.8 per cent last year, after a severe foreign exchange crunch plunged it into a wider financial crisis.
The Free Trade Agreement (FTA) is aimed at enhancing market opportunities, with negotiations covering various aspects such as trade in goods, investment, customs procedure and Intellectual Property Rights (IPR), the short statement…
