Tuesday, January 21, 2025
spot_img

Sri Lanka, Singapore sign FTA

Date:

Share post:

spot_img
spot_img
Colombo, Jan 23 (IANS) Sri Lanka and Singapore on Tuesday signed a Free Trade Agreement (FTA) aimed at boosting trade and investment between the two countries.

The signing took place following discussions between visiting Prime Minister of Singapore Lee Hsien Loong and Sri Lankan President Maithripala Sirisena, Xinhua news agency reported.

Lee Hsien arrived in Sri Lanka on a three-day official visit on Monday on an invitation extended by Sirisena.

“The FTA will boost the trade between the two countries as this would facilitate duty-free access to selected goods and services of each other,” the Sri Lankan President’s Office said in a statement.

Some of the areas set to benefit from the FTA included information and communications technology, real estate, hospitality and tourism, as well as energy and logistics.

A 35-member business delegation was accompanying the Singaporean Prime Minister to Colombo.

Lee Hsien was expected to attend a business forum where leading investors and businessmen from both Sri Lanka and Singapore will take part.

spot_img
spot_img

Related articles

‘Landmark day for Indian sports’: Tendulkar congratulates Kho Kho teams on WC win

New Delhi, Jan 20: Legendary cricketer Sachin Tendulkar, on Monday, congratulated the Indian men's and women's Kho Kho...

No plan to hike power tariffs in Assam: Power Minister

Guwahati, Jan 20: Assam Power Minister Prasanta Phukan on Monday said that there is no possibility of a...

Uttarakhand UCC approved: Marriage registration, live-in provisions retained; personal law disputes excluded

New Delhi, Jan 20: The Uniform Civil Code (UCC) rules approved by the Uttarakhand government on Monday avoided...

Assam: Woman gives birth to baby at Guwahati railway station

Guwahati, Jan 20: In a dramatic turn of events, a woman from Bihar gave birth to a baby...