Sri Lanka-Iran Preferential Trade Agreement

Turkey has concluded bilateral and multilateral agreements with: Switzerland (which has a customs union with Liechtenstein, sometimes contained in agreements) concluded bilateral agreements with the following countries and blocs:[41] At the ninth meeting in Colombo from 13 to 15 September 2010, both Iran and Sri Lanka recognised that the current business model, Although somewhat modest, there is considerable room for manoeuvre for the expansion of trade between the two countries. This is a list of free trade agreements between two parties where each party could be a country (or other customs territory), a trading bloc or an informal group of countries. List of agreements between two states, two blocs or one bloc and one state. Sri Lanka has a long history of trade relations with China dating back centuries. The period from 1952 marked a new chapter in trade relations between the two countries with the signing of a trade agreement and a five-year trade agreement on rubber and rice in 1952. Until 1982, trade and payment agreements were negotiated every five years, which provided the framework for trade between the two countries. The annual protocols signed under these agreements provide for the barter of rice and rubber. Two sets of settlement accounts were maintained with their respective central banks in order to channel exchange operations. Discussions took place on a wide range of topics such as trade and industry, investment, industries, credit facilities, air and maritime transport services, tourism technical assistance, etc.

Sri Lanka has benefited from technical assistance from Pakistan in a wide range of areas, including university education, commercial banking, central banks, railways, postal services and telecommunications. Pakistan also accepted Sri Lanka`s request to use Pakistan`s new $10 million credit line for the import of genetic material by the Ministry of Animal Production and Health and the import of goods by the STC General Trading Company. The two countries agreed to cooperate in the fields of trade and investment promotion, air services, port and navigation, tourism, science and technology, etc. For fully multilateral agreements (not listed below), see the list of multilateral free trade agreements. Sri Lanka has preferential and free trade agreements with India, Pakistan, Iran, Egypt, Singapore and Israel. It is currently in the process of updating its agreement with India to a much more comprehensive ….