It was announced last month that Sri Lanka and Thailand have come to a consensus on a free trade agreement (FTA). Thailand has proposed a memorandum of understanding (MoU) on a Strategic Economic Partnership (SEP) with Sri Lanka as a stepping stone towards a fully-fledged FTA."Sri Lanka – Thailand FTA"
Last week Minister of Industry and Commerce, Rishad Bathiudeen said that his ministry was preparing for the 7th round of talks with Chinese counterparts on an FTA between the two countries. He referred to the six sessions as being successful adding that entering Chinese markets would be immensely beneficial and would serve as an impetus for trade."Sri Lanka – China FTA"