SL-Pak FTA is favorable for SL

Sri Lankan government sources say the Free Trade Agreement between Sri Lanka and Pakistan has brought a favourable trade balance for Sri Lanka.


Quoting Ijaz Abbasi, the President of the Islamabad Chamber of Commerce and Industry, Sri Lanka’s Government Information Department says the balance had previously been in favour of Pakistan.


The FTA signed on August 1st, 2002, came into force on June 12th, 2005. The trade between the two countries has almost doubled since then. It was worth 170 million US Dollars at the time the FTA came into force.