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Sri Lanka signs free trade deal with Thailand to revive economy

Sri Lanka Thailand Srettha Thavisin

The two countries also signed a new air services agreement [File: Dinuka Liyanawatte/Reuters]

Thailand and Sri Lanka have signed a Free Trade Agreement (FTA), a move Sri Lanka hopes will help it emerge from its worst financial crisis in decades.

“This move aims to enhance market opportunities, with negotiations covering various aspects such as Trade in Goods, Investment, Customs Procedure, and Intellectual Property Rights,” read a statement published on Saturday by the Sri Lankan president’s media department.

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