COLOMBO, Sri Lanka, June 1 -- Sri Lanka Broadcasting Corp. issued the following news:
Thailand investors are keen to set up an export processing zone in Sri Lanka. This is mainly for re-export, disclosed Ambassador of Sri Lanka to the Kingdom of Thailand, Wijayanthi Edirisinghe.
Sri Lanka has Free Trade Agreements with countries like India and Pakistan, and Thai manufacturers could use these to get tax benefits when investing in and re-exporting from Sri Lanka.
She told a team of Sri Lankan Journalists during a media visit arranged by Thai Airways via their General Sales Agent, Mac Holdings (Pvt) Ltd, that she has already met Thai Business Chambers and proposed this idea. "They are very keen to pursue this."
She also said that the Thai-Sri Lankan Free Trade Agreement will be implemented soon after the Sri Lankan government reviews it again. "This too would be another positive feature for Thai investors."
She told a team of Sri Lankan Journalists during a media visit arranged by Thai Airways via their General Sales Agent, Mac Holdings, that the SLTFTA, leading to the FTA, was signed in February 2024 and
received Cabinet Approval and this good connectivity is also a plus point for investing in a Zone in Sri Lanka.
The Ambassador said that today, Thai Airways flies daily to Sri Lanka along with Thai Air Asia and SriLankan which makes Sri Lanka connections easier.
She also said that Tourist arrivals from Thailand to Sri Lanka are gradually increasing and tourist arrivals from January to April 2025 was 3,467, representing a 16.2% increase compared to 2024, which
recorded 2,983 arrivals.
"This is a strong indicator of continued growth, with numbers rapidly approaching the levels seen before the pandemic in 2019." She also thanked Thai Airways and Mac Holdings (Pvt) Ltd for actively
promoting Sri Lanka as a destination.
The ambassador said that with Thailand imposing the 'Free Visa Arrival' policy, one can observe more Sri Lankan arrivals to Thailand.
Disclaimer: Curated by HT Syndication.
