Colombo, August 1, 2025 — The Indo-Lanka Chamber of Commerce and Industry has urged the Sri Lankan government to urgently take lessons from the recently signed UK–India Free Trade Agreement (FTA) and accelerate efforts to finalize a similar trade pact with India.
In a statement issued today, the Chamber emphasized that strengthening economic ties with India is critical for revitalizing Sri Lanka’s trade and investment climate, particularly as the nation seeks to recover from ongoing economic challenges.
“India is one of Sri Lanka’s most important trading partners and neighbors. A comprehensive bilateral agreement would open new opportunities for exporters and investors from both sides, creating a more resilient and diversified economic relationship,” said a senior representative of the Chamber.
The UK–India FTA, finalized last month after lengthy negotiations, is expected to significantly enhance trade flows and economic cooperation between the two countries. The Chamber believes that Sri Lanka risks falling behind in regional trade dynamics if it delays pursuing a similar agreement.
Experts note that a well-structured trade pact with India could improve market access for Sri Lankan goods, attract increased foreign direct investment, and foster cooperation in key sectors such as manufacturing, services, and technology.
With rising global uncertainties and shifts in international trade alliances, the Chamber called on policymakers in Colombo to prioritize these negotiations and swiftly implement a framework that benefits both nations.
“Time is of the essence. We must act now to strengthen our regional ties and ensure Sri Lanka remains competitive in a rapidly evolving economic landscape,” the Chamber concluded.
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