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Archive for the ‘Sri Lanka’ Category

Sri Lanka Strengthens Trade Ties with Nigeria to Secure Fuel Supply and Diversify Energy Sources

News, Sri Lanka, Trade Relations

June 23, 2025

In a strategic move to enhance energy security and strengthen international trade partnerships, Sri Lanka is exploring new fuel import opportunities from Nigeria, one of Africa’s leading oil-producing countries. This initiative supports the country’s commitment to diversifying its energy sources while ensuring stable supply amid global market shifts.   The Ceylon Petroleum Corporation (CPC), which […]

Sri Lanka and Thailand Forge Historic Free Trade Alliance, Boosting Bilateral Economic Prospects

International Trade, News, Sri Lanka, Thailand

January 22, 2024

In a groundbreaking economic development, Sri Lanka and Thailand are gearing up to ink a transformative Free Trade Agreement (FTA) on February 3rd, signaling a strategic move poised to elevate bilateral trade to an impressive US$ 1.5 billion. The signing ceremony, graced by the visit of Thailand’s Prime Minister, Srettha Thavisin, is anticipated to strengthen […]

Sri Lanka and Thailand Forge Ahead with Trade Agreement, Boosting Economic Prospects

Economic Development, News, Sri Lanka, Thailand

November 21, 2023

In a promising development, Sri Lanka is set to finalize its free trade agreement (FTA) negotiations with Thailand by December, with plans to officially sign the agreement on February 3, 2024. This significant move comes as Sri Lanka actively seeks trade deals to stimulate economic growth and facilitate recovery from one of the most severe […]

China Extends Support to Sri Lanka with No Political Conditions and Increased Imports

China, International Trade, News, Sri Lanka

October 20, 2023

In a recent development, China has expressed its willingness to assist Sri Lanka without imposing any political conditions and has also pledged to increase its imports from the island nation. Chinese President Xi Jinping conveyed this commitment during a meeting with Sri Lankan President Ranil Wickremesinghe in Beijing, as reported by state media.   This […]

ITC Acknowledges Sri Lanka’s $3bn IMF Bailout as a Step towards Economic Stability

Economic Development, News, Sri Lanka

March 20, 2023

The International Trade Council (ITC) recognizes the recent $3bn ( £2.4bn) bailout provided to Sri Lanka by the International Monetary Fund (IMF) as a crucial lifeline for the country amidst its severe economic crisis.   Sri Lanka’s struggling economy, compounded by the impact of the pandemic, rising energy prices, populist tax cuts, and high inflation, […]

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