Sri Lanka and Singapore sign FTA following bilateral discussions
The Government of Sri Lanka signed a Free Trade Agreement with Singapore at the Presidential Secretariat on Tuesday.
The Free Trade Agreement will boost the trade between the two countries as this would facilitate duty free access to selected goods and services of each other, the President’s office said.
The signing of the Free Trade Agreement took place following bilateral discussions between visiting Prime Minister of Singapore Lee Hsien Loong and President Maithripala Sirisena at the Presidential Secretariat. The Singapore Prime Minister visited Sri Lanka on Monday on an invitation extended by President Sirisena.
The Minister for Development Strategies and International Trade Malik Samarawickrama and S. Iswaran Minister for Trade and Industry of the Republic of Singapore signed the Free Trade Agreement on behalf of the respective Governments, in the presence of President Sirisena, Prime Minister Lee Hsien Loong and Prime Minister Ranil Wickremesinghe.
