Sri Lanka to enter expanded economic partnership with UAE, Oman: President
Photo: EconomyNextAI summary · 1 min read
1 min readFrom 2 outlets- EconomyNext reports that the president announced plans for economic partnership deals with the United Arab Emirates and Oman.
- EconomyNext and Ada Derana report plans to broaden Sri Lanka’s trade arrangement with India and pursue a new one with China.
- EconomyNext reports that Sri Lanka has applied to join the Regional Comprehensive Economic Partnership.
- EconomyNext reports that an EU-funded project is scheduled for 2027–2030.
EconomyNext reports that President Anura Kumara Dissanayake presented the 2027 budget to parliament on November 12, 2026, and outlined plans for Sri Lanka to establish economic partnership arrangements with the United Arab Emirates and Oman, with the aim of increasing trade.
EconomyNext and Ada Derana report that the government plans to broaden Sri Lanka’s existing trade deal with India and seek a new one with China. EconomyNext says the Cabinet has assigned officials to a committee on the India arrangement. It also reports that Sri Lanka has submitted an application to join the Regional Comprehensive Economic Partnership.
EconomyNext reports that the government intends to revise existing trade deals and, after conducting a feasibility study, pursue further agreements with other countries as part of an effort to link Sri Lanka more closely with global commerce.
EconomyNext reports that the Sri Lanka–European Union Sustainable Trade and Economic Integration Project is due to run from 2027 through 2030, backed by an EU grant worth 3,430 million rupees. The project is intended to improve export competitiveness, broaden the range of exports and promote sustainable production, while deepening links with European markets.
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Earlier coverage
Reports on the same subject from the months before this story.
- Daily Mirror · Sri Lanka, China discuss wider economic cooperation
- EconomyNext · Sri Lanka, China’s Yunnan sign “Three Free, Three Facilitation” to boost trade
- Lanka Business Online · Sri Lanka invites Indian businesses to partner in its next phase of economic growth
- Daily Mirror · Sri Lanka eyes comprehensive trade agreement with EU
- The Sunday Times · Govt to adopt new FTA policy; renegotiations one of the aims