Sri Lanka eyes free trade pact with Thailand by March as growth in focus

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Sri Lanka eyes free trade pact with Thailand by March as growth in focus
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COLOMBO : Sri Lanka and Thailand could sign a free trade agreement (FTA) by March, a top official of the Indian Ocean nation told Reuters on Wednesday, as it attempts to rebuild its crisis-stricken economy.The two nations restarted deal negotiations in January, months after a severe financial crisis engul

COLOMBO : Sri Lanka and Thailand could sign a free trade agreement by March, a top official of the Indian Ocean nation told Reuters on Wednesday, as it attempts to rebuild its crisis-stricken economy.

"Both sides are enthusiastic and there is strong political will," Sri Lanka's chief FTA negotiator, K.J. Weerasinghe, told Reuters. A Thai delegation is expected to visit Colombo from June 26 to 28 for the next round of talks, covering goods, customs cooperation, investment, dispute settlement and services, he added.

Last week President Ranil Wickremesinghe said Sri Lanka would focus on boosting foreign investment, exports and jobs, as it shifts gears from tackling the crisis to growth.

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