Thailand, Sri Lanka sign free trade agreement

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By Uditha Jayasinghe

COLOMBO (Reuters) – Thailand and Sri Lanka signed a Free Trade Agreement on Saturday, the Sri Lankan President’s Media Division said, a move that will help the island nation emerge from its worst financial crisis in decades.

Sri Lanka 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% last year, after a severe foreign exchange crisis plunged it into a…