Sri Lanka
Singapore and Sri Lanka share longstanding economic ties, underpinned by trade, investment, and business linkages. The Sri Lanka-Singapore Free Trade Agreement (SLSFTA) provides a framework for strengthening bilateral trade and investment cooperation.
Last updated on 12 November 2026
Singapore-Sri Lanka Economic Relations
Singapore is one of Sri Lanka’s largest sources of foreign direct investment.
Our economic relationship with Sri-Lanka is anchored by the Singapore-Sri Lanka Free Trade Agreement (SLSFTA), which entered into force in 2018 and was Sri Lanka’s first bilateral free trade agreement with an Asian country.
Bilateral Agreements involving Sri Lanka
Singapore-Sri Lanka Free Trade Agreement (SLSFTA)
The Singapore-Sri Lanka Free Trade Agreement (SLSFTA) was signed in January 2018 and entered into force in May 2018. The agreement covers trade in goods, where both countries committed to eliminating or reducing tariffs on a wide range of products over time. On the services side, the agreement opens up various sectors to greater market access. It also includes provisions on investment, aiming to create a more transparent and predictable environment for investors from both countries.