Connect with us

News

Attorney General clears proposal to sign SL-Thailand FTA 

Published

on

The Attorney General has cleared the proposal to sign the Free Trade Agreement (FTA) between Sri Lanka and Thailand.The agreement of the Foreign Affairs Ministry has also been received for the same.The approval of the FTA and follow-up steps came up for discussion at the Cabinet of Ministers meeting on Wednesday.

After nine rounds of discussions between the two sides, a complete 14-chapter draft FTA was prepared, including the preamble and annexes, to improve trade and investment, compliance with local laws and regulations and facilitate knowledge sharing.

Earlier this month, Cabinet Co-Spokesman and Minister Bandula Gunawardena confirmed that Thailand’s Prime Minister Srettha Thavisin will formally sign the Free Trade Agreement (FTA) during his scheduled visit to Sri Lanka next month.

Development of supply capacity, attracting export-oriented foreign direct investment and expanding international market access for Sri Lankan goods and services have been identified as strategies that are essential to Sri Lanka’s economic growth.

On 16 January 2018, the Cabinet of Ministers approved to start off negotiations to enter into a free trade agreement with Thailand, which is one of the largest economies and the largest foreign investor in the Association of Southeast Asian Nations.

The National Trade Negotiations Committee has also exchanged views with all relevant local stakeholders during the negotiation process.

Negotiations for the FTA between Sri Lanka and Thailand resumed in November, after being put on hold for four years, consequent to the COVID-19 pandemic and ongoing restructuring of Sri Lanka’s State-owned enterprises.

During the first 10 months of 2023, the bilateral trade value between Thailand and Sri Lanka was $ 320.37 million. Thailand exported goods worth $ 213.49 million, while it imported goods worth $ 106.88 million from Sri Lanka.



Latest News

Landslide Early Warnings issued to the Districts of Kurunegala and Ratnapura

Published

on

By

The National Building Research Organisation (NBRO) has issued Landslide Early Warnings to the Districts of Kurunegala and Ratnapura effective from 16:00 hrs on 23.04.2026 To 16:00 hrs on 24.04.2026

Accordingly,

Level 1 landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Rideegama in the Kurunegala district and Kuruwita, Kalawana, Ratnapura, Nivithigala, Pelmadulla and Eheliyagoda in the Ratnapura district.

Continue Reading

Latest News

Advisory for Severe Lightning issued for the Western, Sabaragamuwa, Central, North-western, North-central, Southern, Uva provinces, and Ampara and Batticaloa districts

Published

on

By

Advisory for Severe Lightning
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology
Issued at 12.00 noon 23 April 2026 valid for the period until 11.30 p.m. 23 April 2026

Thundershowers accompanied with severe lightning are likely to occur in the Western, Sabaragamuwa, Central, North-western, North-central, Southern, Uva provinces, and in Ampara and Batticaloa districts after 1.00 p.m.

There may be temporary localized strong winds during thundershowers. General public is kindly requested to take adequate precautions to minimize damages caused by lightning activity.

ACTION REQUIRED: 
The Department of Meteorology advises that people should:
• Seek shelter, preferably indoors and never under trees.
• Avoid open areas such as paddy fields, tea plantations and open water bodies during thunderstorms.
• Avoid using wired telephones and connected electric appliances during thunderstorms.
• Avoid using open vehicles, such as bicycles, tractors and boats etc.
• Beware of fallen trees and power lines.
• For emergency assistance contact the local disaster management authorities.

Continue Reading

News

Compensation payments and reconstruction activities related to the Ditwah relief measures must be expedited with special attention at the district level – PM

Published

on

By

Prime Minister Dr. Harini Amarasuriya emphasized that compensation payments and reconstruction activities related to the Ditwah relief measures must be expedited with special attention at the district level. She further stated that all necessary allocations have already been made to Provincial Councils and instructed that the progress of disaster damage assessments and reconstruction efforts be closely monitored at the provincial level.

The Prime Minister made these remarks at a discussion held on Tuesday  (21) at Temple Trees under her patronage, aimed at informing Chairpersons of District Coordination Committees and public representatives from disaster-affected districts, in order to accelerate the implementation of the “Rebuilding Sri Lanka” programme. The discussion focused on expediting disaster relief and compensation payments, as well as the swift restoration of infrastructure damaged by the disaster.

The Prime Minister emphasized that Rs. 500 billion has been allocated for damages caused by the Ditwah cyclone, and that all relevant development activities must be completed before the end of 2026. The Prime Minister also instructed officials to pay special attention to resolving issues at the local level that are causing delays in compensation payments.

Senior Additional Secretary to the President, G.M.R.D. Aponsu, stated that the estimated cost for reconstruction following the Ditwah cyclone is approximately USD 3.4 billion. Accordingly, funds have been allocated for compensation across several sectors including housing and social infrastructure, agriculture and livestock, fisheries, industry and livelihoods, and irrigation. He further noted that 99% of the Rs. 25,000 allowance has already been disbursed, while 95% of the Rs. 50,000 resettlement allowance has been paid. Compensation for fully and partially damaged houses is still ongoing, and 99% of temporary relief centres have been closed.

Additionally, attention was drawn to several other measures, including providing Rs. 25,000 to affected schoolchildren, paying Rs. 1 million as compensation for each deceased individual, compensation for children who lost one or both parents, support for persons with disabilities affected by the disaster, compensation for agricultural losses, and expediting resettlement of displaced families. Measures such as allocating land for new housing construction and accelerating the issuance of reports from the National Building Research Organization were also discussed.

Focus was also placed on the reconstruction of affected schools, hospitals, and daycare centres, improving the accuracy and speed of data collection at the local level, and accelerating infrastructure development.

The event was attended by Minister of Plantation and Community Infrastructure Samantha Vidyarathna,  Minister of Public Administration, Provincial Councils and Local Government Dr. Chandana Abayarathna,  Deputy Minister of Agriculture and Livestock Namal Karunaratne,  Deputy Minister of Trade, Commerce, Food Security and Cooperatives R.M. Jayawardena,  Deputy Minister of Education Dr. Madhura Senevirathna,  Members of Parliament,  Chairpersons of District Coordination Committees,  Chief of Staff to the President and Commissioner General of Essential Services Prabath Chandrakeerthi, Additional Secretary to the President Jayantha Bandara; and officials of the Prime Minister’s Office.

[Prime Minister’s Media Division]

Continue Reading

Trending