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South Asian Free Trade Area. The South Asian Free Trade Area ( SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [ 1] One of the major goals was to reduce ...
The India Mercosur Preferential Trade Agreement is an example of a PTA. [ 2] A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members. The key difference between an FTA and a PTA is that PTAs have a positive list ...
Indian Prime Minister Narendra Modi and Sri Lankan President Maithripala Sirisena. The Economic and Technology Co-operation Agreement (ETCA) is a proposed diplomatic arrangement that seeks to add to the existing free trade agreement between the Republic of India and the Republic of Sri Lanka, primarily in relation to trade-in services and the service sector; it seeks to emulate a proto freedom ...
Debt-stricken Sri Lanka signed a trade pact with Thailand on Saturday in a bid to boost trade and investment as the Indian ocean island nation is struggling to recover from its worst economic ...
Sri Lanka says it has reached an agreement with the Exim Bank of China on key terms and principles for restructuring its debt, a key step toward unlocking a second instalment of a $2.9 billion ...
E-commerce in Sri Lanka. Sri Lanka had an internet user base of about 6 million as of July 2016, about 28.2% of the population. [ 1] Despite being a developing country, the E-commerce industry has been receiving funding over the span of 10 years. [ 2] Market conditions in Sri Lanka are similar to those in India, as cash on delivery is the most ...
People's Republic of China is negotiating or is planning bilateral agreements with the following countries and blocs: Gulf Cooperation Council (GCC) – China–GCC Free Trade Agreement. Israel – China–Israel Free Trade Agreement. China–Japan–Korea Free Trade Agreement. Norway – China–Norway Free Trade Agreement.
COLOMBO (Reuters) -The International Monetary Fund and Sri Lanka have reached a staff-level agreement on economic policies to conclude the second review of a four-year bailout programme, the ...