Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka - Singapore agreement brings benefits - Minister Malik
Sat, May 12, 2018, 09:58 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 12, Colombo: Minister of Development Strategies and International Trade Malik Samarawickrema says that local industries or the workforce will not be affected by Sri Lanka - Singapore Free Trade Agreement.

Minister Samarawickrama says the agreement was signed only after it was approved by the Attorney General and the cabinet.

The Minister noted that under the agreement foreigners cannot freely come and work in Sri Lanka and local engineers and architects will not be affected by the agreement as some parties claim.

He said that although some people say that there is a danger of goods produced in another country, entering Sri Lanka through the Free Trade Agreement, it is not true and there is a limit one can bring in if an investment is being made.

He said that the government will not lose income on revenue taxes and Sri Lanka will get many benefits through the Free Trade Agreement.

Sri Lanka and Singapore signed the Sri Lanka-Singapore Free Trade Agreement (SLSFTA) on January 23, 2018. The SLSFTA is the most comprehensive trade agreement covering goods, services, investments, trade facilitation, intellectual property rights, and government procurement.

The free trade agreement is expected to benefit Sri Lanka through cheaper consumer goods and inputs, foreign direct investment (FDI), and competition.


ColomboPage - Recent 10 Stories ::
President presents land deeds to 2000 Kurunegala farmers
-- [3 hours ago]
Sri Lanka to host South Asian Youth Summit 2018
-- [4 hours ago]
Sri Lanka will face the global economic crisis successfully - PM
Minister Malik Samarawickrama leads high powered delegation to promote investment and exports in Germany
Sri Lanka's Constitutional Council's term ends
Two suspects including a saffron-robed arrested for attempting to sell a Valampuri conch shell
Sri Lankan President to leave for US today to attend UN General Assembly
Sri Lankan Marine biologist, Asha de Vos Global winner of Study UK Alumni Awards 2018
Sri Lanka Finance Minister says depreciation of rupee not an indicator of fall in economy
Sri Lanka nationwide inflation declines to 2.5 percent in August 2018

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.