The latest breakthrough in Sri Lanka –Thai trade is reported from the ‘2nd Sub Committee Meeting on Trade Related Matters between the higher level trade officials of both countries held in Bangkok.
The Thai side submitted a draft MOU to Sri Lanka for consideration and Sri Lankan side suggested some additions and an action plan. The MOU with an action plan is expected to be signed during Thai Deputy Prime Minister Somkid Jatusripitak’s visit to Sri Lanka in August 2017.
The two parties further discussed to enhance trade between the two countries upto USD 1.5 billion by 2020. Current annual trade levels between Thailand and Sri Lanka is in the range of USD 550 Mn.