Singapore launches talks for free trade deal with Sri Lanka

18 Jul, 2016

Singapore and Sri Lanka have started talks for a free trade pact, including measures to free up trade in goods and services as well as investments, the city-state’s trade minister said, according to the Reuters news agency.

Sri Lanka’s push to build infrastructure and develop its industries presented prospects for Singapore firms to partner with companies in the Indian Ocean nation and contribute to its growth, S. Iswaran said in a statement.

“Amidst an uncertain economic environment, Sri Lanka offers good potential for Singapore companies looking to tap opportunities in new markets,” he said.

The Indian Ocean island was Singapore’s 39th largest trading partner last year, with two-way trade of S$2.05 billion ($1.52 billion), Singapore’s Ministry of Trade and Industry said. (Colombo Gazette)

Recommended For You

US to provide more vaccines to Sri Lanka

The United States hopes to provide another consignment of vaccines through the COVAX facility to help control COVID -19 in Sri Lanka, the US Ambassador to Sri Lanka Alaina B. Teplitz said. She made the statement during a courtesy call on Speaker Mahinda Yapa Abeywardana today (02).? Marcus Carpenter, Deputy Chief of political division and Ms. Kushani Rohanadeera, Deputy Secretary-General of Parliament and Chief of Staff were also present at the meeting which was held at the Speaker’s Office in

02 Aug, 2021

Ministers slam Government media for insulting athlete

The Government media has come under fire by some Ministers for insulting a Sri Lankan athlete. A State newspaper attacked Yupun Abeykoon saying he cut a sorry figure in finishing sixth in the men?s 100m heats at the Olympic Games in Tokyo. Sports Minister Namal Rajapaksa said that it was disheartening to see articles such as these being published. “It?s disheartening to see articles such as these being published. We must always encourage our athletes to push their boundaries not insult them.

02 Aug, 2021

Ranil goes to court against commission on political victimisation

Former Prime Minister Ranil Wickremesinghe has filed a petition at the Court of Appeal against the Commission of Inquiry appointed to probe incidents of political victimisation. The United National Party (UNP) leader has filed the petition seeking for the recommendations made against him by the Commission to be made void.? He has further requested the court to call for and examine the record or report of the Commission of Inquiry and to also issue an interim order until the final decision of t

02 Aug, 2021

Colombo Gazette is a leading news and entertainment website, covering stories related to Sri Lanka. The content consists of text based news, photos and videos and is linked to social media websites including Facebook, Twitter and Instagram, to provide a wider coverage for its stories.