Thursday, March 28 2024   \  Published by Asia IP Law.

Sri Lanka, Thailand sign agreement to enhance IP rights

Sri Lanka, Thailand sign agreement to enhance IP rights

Sri Lanka and Thailand have signed a Free Trade Agreement (FTA), a move that Sri Lanka hopes can help mitigate its worst financial crisis in decades. A statement from the Sri Lankan media department reads: “This move aims to enhance market opportunities, with negotiations covering various aspects such as Trade in Goods, Investment, Customs Procedure, and Intellectual Property Rights.”

Sri Lanka has been putting more emphasis on trade agreements to promote economic growth and support its devastated economy. Last year, the World Bank estimates shrank by 3.8 percent as a result of a severe foreign currency crisis that also threw it into a larger financial crisis. Read more

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