Vietnam envoy discusses enhanced trade, FTA with Sri Lanka trade minister
- CNL Reporter
- March 3, 2025
- News
- FTA with Sri Lanka trade minister
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Importing specific products and the potential for signing a free trade agreement was discussed between Vietnam Ambassador Trinh Thi Tam and Sri Lanka Trade Minister Wasantha Samarasinghe, a statement said.
Bilateral trade between the Sri Lanka and Vietnam had been around 300-350 million US dollars a year.Minister Samarasinghe had noted Viet Nam’s recent economic development, especially in market expansion, hi-tech agriculture development and tourism diversification, setting a good model for Sri Lanka.
Sri Lanka was taking action to improve the country’s production, food security, job creation, exports and FTAs network, as well as targeting 5 billion US dollars from tourism by 2030 with arrivals of 3 to 4 million.
“In response, the Ambassador noted that Sri Lanka is Viet Nam’s fourth-largest market in South Asia and there are many potentials between the two countries,” the statement said.
