Sri Lanka to restart trade deal talks with India, China and Thailand – official

Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy.

The island of 22 million is in the midst of its worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange that has left the country struggling to pay for fuel, food and medicine.

Officials from Thailand are scheduled to arrive in Sri Lanka on Monday to start the third round of talks after negotiations were suspended in 2018, said K.J. Weerasinghe, Sri Lanka’s Chief Negotiator of Free Trade Agreements (FTAs).

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