The TIFA will promote stronger trade and investment relations between Australia and Sri Lanka across a range of sectors including education, tourism, agriculture, and mining.

It will contribute to Sri Lanka’s economic stabilisation by boosting cooperation in these areas, improving market access, as well as exploring emerging sectors such as clean energy, critical minerals and services.

The renewed TIFA will further build on efforts already underway since the TIFA was first signed between our countries in 2017.