Free Trade Agreements/Partnerships
Sri Lanka-Singapore Free Trade Agreement (SLSFTA)
The Sri Lanka-Singapore Free Trade Agreement (SLSFTA) entered into force in 2018. It creates new pathways for trade and investment by dismantling tariff barriers and streamlining cross-border commerce.
About the Sri Lanka-Singapore Free Trade Agreement (SLSFTA)
The SLSFTA is a landmark comprehensive bilateral free trade agreement that marks a step forward in economic relations between Sri Lanka and Singapore. Covering trade in goods, services, and investment, the agreement reduces tariffs, expands market access, and creates new opportunities for businesses and investors in both countries. It also goes beyond traditional trade commitments to address areas such as intellectual property, competition policy, and dispute settlement, underscoring both countries' shared commitment to a rules-based and transparent trading environment.
Key features of the SLSFTA
Tariff elimination
The SLSFTA grants preferential access across a range of goods traded between Singapore and Sri Lanka, expanding commercial opportunities for businesses in both countries.
Enhanced market access
The agreement opens up market access across a broad range of service sectors, enabling businesses and professionals from both countries to operate more freely in each other's markets.
Investment protections
The SLSFTA includes investment protections that provide greater certainty and transparency for investors from both countries. These provisions help create a more stable and predictable environment for businesses looking to invest across both markets.
More resources
Link to SLSFTA texts (opens in new tab)