Sri Lanka signed a trading agreement with Indonesia

The Sri Lankan cabinet has given its approval to a proposal for a preferential trade agreement with Indonesia. The agreement is seen as a preliminary step towards establishing a long-term free trade agreement between the two countries. The move aims to enhance trade and economic cooperation between Sri Lanka and Indonesia.

The decision follows discussions and negotiations between the two nations. The preferential trade agreement is expected to promote bilateral trade and open up new opportunities for businesses in both countries. The agreement will provide tariff concessions and other benefits to facilitate trade between Sri Lanka and Indonesia.

The government believes that this trade agreement will strengthen economic ties and contribute to the growth and development of both nations. The next steps involve finalizing the details of the agreement and working toward its implementation.