Opportunities for Thai investors to do business in Sri Lanka are abundant as the country provides the best gateway to the India and European markets, says Poldej Worachat, the Thai ambassador to Colombo.
Thai businessmen can enjoy the benefits from the free trade area agreement between Sri Lanka and India, in which more than 4,000 items qualify for tax exemptions. Sri Lanka also has a similar agreement with Pakistan which has a population of 175 million, he said.
“Thailand and Sri Lanka share the same religion, Buddhism. This would make it a mutual interest for Thailand to use Sri Lanka as a base for manufacturing for the 1.2 billion people in India,” Mr Poldej told Asia Focus recently.
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