New FTA with Sri Lanka a boon for Singapore firms large and small

Prime Minister Lee Hsien Loong and Sri Lankan President Maithripala Sirisena witnessing the signing of the FTA yesterday between Minister of Trade and Industry (Industry) S. Iswaran and Sri Lankan Minister for Development Strategies and International
Prime Minister Lee Hsien Loong and Sri Lankan President Maithripala Sirisena witnessing the signing of the FTA yesterday between Minister of Trade and Industry (Industry) S. Iswaran and Sri Lankan Minister for Development Strategies and International Trade Malik Samarawickrama. The FTA comes at a time when trade with Sri Lanka is growing, with bilateral trade reaching $2.7 billion last year. Singapore is also Sri Lanka's seventh-largest foreign investor. ST PHOTO: TIMOTHY DAVID
PM Lee meeting Sri Lankan Prime Minister Ranil Wickremesinghe. PM Lee noted that the current Sri Lankan government is on a path of economic liberalisation and wants more trade and investments.
PM Lee meeting Sri Lankan Prime Minister Ranil Wickremesinghe. PM Lee noted that the current Sri Lankan government is on a path of economic liberalisation and wants more trade and investments.PHOTO: MCI

Many investments planned, says PM Lee; companies and observers cheer comprehensive, high-quality deal