Singapore signs a free trade pact with Sri Lanka

GURGAON, India - Oct. 31, 2018 - PRLog -- Singapore and Sri Lanka signed the first modern and comprehensive free trade agreement (FTA) earlier this year. This is expected to boost commerce, trade and investments between the two island nations.

Sri Lanka is Singapore's 36th-largest trading partner with bilateral trade amounting to SGD2.7 billion in 2017. Singapore's top imports from Sri Lanka include fuel oils, clothing accessories, perfumes, wheat flour and motor spirit, while Singapore's exports to Sri Lanka include gold and jewelry, diesel fuel and petroleum oil, to name a few.

Will companies take advantage of the Sri Lanka-Singapore FTA?

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