Link to article: https://www.aljazeera.com/news/2024/2/3/sri-lanka-signs-free-trade-deal-with-thailand-to-revive-economy
summary: The article talks about how Sri Lanka thinks that by signing a contract in this case the Free Trade Agreement (FTA) with Thailand, they will be able to overcome its economic crisis. Negotiations cover most of the issues like investments and property rights so the contract would be working towards expanding the trade industry. The nation has been putting more of an emphasis on the trade agreement in order to promote the growth of the economy as it is in a major financial crisis
Analysis: I think that both parties; Thailand and Sri Lanka will benefit greatly from the economic opportunities. The trade in both countries could help both financially as consumer and producer opportunities are to increase. Thailand imports products such as textiles and spices helping to boost revenue
Relation to class: This relates to our class because it fosters collaboration and diplomatic ties between the two nations. The agreement strengthens the regions and promotes a peaceful relationship connection between the two. Both Thailand and Sri Lanka are part of the Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) which emphasizes the trade and economic cooperation among not only those two countries but others in the Bay of Bengal region…overall enhancing the trade agreement and relations.