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The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [1]
The Sri Lankan Ministry of Fisheries have estimated that damage of Rs 700 million has been done to the fishing gear of Sri Lanka fishermen by Indian bottom trawlers. [8] With over 1000 Indian trawlers engaged in bottom trawling at a time, the Indian Coast Guard and the Sri Lankan Navy has been active in thwarting illegal maritime activities. [9]
Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services.
The Sri Lanka Thailand Free Trade Agreement covering trade in goods, investment, custom procedures and intellectual property rights was signed in the capital Colombo in the presence of Sri Lanka ...
Established in 1978, Katunayake is Sri Lanka's first EPZ, located near the international airport, and is a key zone for garment manufacturing and other exports. [8] Koggala EPZ: Galle District: This EPZ, established in 1991, focuses on industries such as garments and manufacturing, located in Southern Sri Lanka. [9] Malwatta EPZ: Gampaha District
Talks between China and Sri Lanka for a free trade agreement have hit major hurdles, mainly because Beijing will not agree to Colombo's demand for a review of the deal after 10 years, Sri Lanka's ...
A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other.
Hulu Klang Free Trade Zone (Statchippac, Texas Instrument) Kulim Hi-Tech Park, Kedah; Melaka Batu Berendam Free Trade Zone (Texas Instrument, Dominant Semiconductor, Panasonic) Pasir Gudang Free Trade Zone, Johor; Port Klang Free Zone, Klang, Selangor; Sungai Way Free Trade Zone (Western Digital, Free Scale, etc.)