Singapore and Sri Lanka signed a free trade agreement (FTA) on Tuesday in Colombo despite strong objections from professional groups in Sri Lanka.
The pact is expected to increase trade and economic services between the two countries. Professionals in Sri Lanka had objected to the deal saying the legal framework was not in place in Sri Lanka for such trade pacts while Singapore, on the other hand, had a proper legal framework in place.
Singapore Prime Minister Lee Hsien Loong, who arrived in the island on Monday on an official visit, and Sri Lankan President Maithripala Sirisena witnessed the event in Colombo.
It was signed by Minister for Development Strategies and International Trade Malik Samarawickrama and Singapore’s Minister for Trade and Industry (Industry) S. Iswaran. – ENDS -
You can share this post!
Content
The Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
Leave Comments