Sri Lanka Signs Trade Deal with Thailand to Boost Battered Economy

Sri Lanka signed a free trade agreement (FTA) with Thailand to help revive its economy after contracting 3.8% last year
The FTA aims to expand market opportunities and cover trade, investment, customs, and intellectual property
Sri Lanka is focused on new trade deals to spur economic growth and help its battered economy
Thailand's Prime Minister attended the FTA signing and Sri Lanka's independence celebrations
Bilateral trade was $460 million in 2021; Sri Lanka exports tea and gems to Thailand and imports various goods