The Free Trade Agreement (FTA), which is expected to be signed between Thailand and Sri Lanka this week, will benefit Thailand's exports of automotive parts, textiles, electrical appliances, machinery, steel products, paper, processed food and animal feed, Thai media reported.

Thailand and Sri Lanka will sign a free trade agreement (FTA) this week during Prime Minister Srettha Thavisin's trip to tSri Lanka, said spokesman Chai Watcharonke.

Mr Srettha has been invited by Sri Lankan Premier Ranil Wickremesinghe as a guest of honour for Sri Lanka's Independence Day celebrations from tomorrow until Sunday.

The upcoming FTA will be Thailand's 15th contract of its kind and the first since Mr Srettha took the premiership last year, the Bangkok Post reported.

The contract aims to bring Thai goods to new markets in South Asia by accelerating the opening of gateways for trade and investment.