Sri Lanka and Pakistan have agreed on the inclusion of services and investment in the bilateral free trade agreement. This would help companies of the two nations to form joint ventures for exports to other nations. When the FTA came into effect in June 2005, Pakistan’s exports to Sri Lanka were to the tune of $150 million. In 2010-11, they went up to $332 million but dropped to $260 million in 2013-14. Under the agreement, Sri Lanka’s exports to Pakistan were valued at about $52 million, accounting for around 70 per cent of the country’s total exports to Pakistan, states a document of the Central Bank of Sri Lanka. The MoUs covered a number of areas, including trade promotion and curbing money laundering and terrorism financing.
Sri Lanka
- President : Maithripala Sirisena
- Prime Minister : Ranil Wickremesinghe
- Capitals : Sri Jayawardenepura Kotte and Colombo
- Currency : Sri Lankan rupee
Pakistan
- President : Mamnoon Hussain
- Prime Minister : Nawaz Sharif
- Capitals : Islamabad
- Currency : Pakistani rupee
