FTA negotiations with Thailand are progressing well

The 5th Round of Sri Lanka-Thailand Free Trade Agreement (SLTFTA) negotiations commenced in Colombo on Monday (26), aligning with President Ranil Wickremesinghe’s vision of strengthening economic ties with major and emerging economies, with a particular focus on ASEAN countries.

K.J. Weerasinghe, the Chief Negotiator, International Trade Office (Leader of SL delegation), expressed satisfaction with the progress of the Free Trade Agreement discussions, which are proceeding according to the agreed-upon timeline. The next round of negotiations is scheduled to take place in Thailand from August 21st to 23rd, 2023. Three additional rounds are planned to conclude the Agreement by February 2024, with the signing expected to occur in March 2024.