SINGAPORE -SRI LANKA SIGN FTA

Prime Minister Lee Hsien Loong received betel leaves and a garland of orchids
 as part of a traditional Sri Lankan welcome after he touched down in Colombo
for the start of a three-day visit. 

BOOSTING TRADE

COLOMBO : Sri Lanka and Singapore on Tuesday signed a Free trade agreement [FTA] aimed at boosting trade and investment between the two countries.

The signing of  the  FTA took  place following bilateral discussions held between the visiting Prime minister of Singapore Lee Hsien loong and Sri Lankan President Maithripala Sirisena in Colombo.

The Singaporean Prime Minister arrived in Sri Lanka for a three day official visit on Monday on an invitation extended by the Sri Lanka President.

''The Free Trade Agreement will boost the trade between two countries as this would facilitate duty-free access to selected goods and services of each other,'' Sri Lankan President's Office said in a statement.