Sri Lanka Information

THAILAND - SRI LANKA RELATIONS 

Thailand and Sri Lanka have close religious, cultural and trade links over a long period of time. In fact, the year 2015 marks the 60th Anniversary of the Establishment of Diplomatic Relations between Thailand and Sri Lanka.

Politics 

Both countries share the belief in Buddhism which is a strong foundation to deepen and broaden their relations and cooperation in various fields. Reciprocal visits made by the heads of the governments of both countries during the last few years have made Sri Lanka- Thailand bilateral ties further strengthened on political terms. During the civil war in Sri Lanka, through the years 2526-2552 (26 years), Thailand contributed in the peace building process in Sri Lanka by being venues of peace talks between the Liberation Tigers of Tamil Eelam (LTTE) and the government of Sri Lanka. Currently, Thailand and Sri Lanka have continued to support each other in the international political arena.

Economics

Since 1997 there has been a steady increase in the bilateral trade between Sri Lanka and Thailand. Recently, Thailand’s main exports include used cars, sugar, textiles, dry fish, cement, chemical products, cars and automobile parts, while Sri Lankan exports include gems and jewelries, tea, spices, fiber and metal products. Overall bilateral trade between Thailand and Sri Lanka worth amounted US $ 510 million in 2014. The Avoidance of Double Taxation Agreement between Thailand and Sri Lanka signed in 1988 provides relief to investors of both Thailand and Sri Lanka. Meanwhile, the Sri Lanka Thailand Business Council was established in year 2000 and serves as a focal point to promote trade and investment between the two countries. Both Sri Lanka and Thailand are members of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) which promotes free trade among the associate countries.

Society and Culture

The two countries have had close religious and cultural relationships for over thousand years and they are strongly bound by Buddhism. In the 12th century, the ruler of Nakhon Si Thammarat sent a delegation to Sri Lanka and invited Sri Lankan monks to help with the restoration of the three Buddhist missionaries. Later in the 16th century, following the decline of Sangha as a result of the Portuguese invasion in Sri Lanka, King Boromkot of Thailand has sent a delegation led by Upali Maha Thera of Ayutthaya upon the request of the Sri Lankan king Kirti Sri Rajasinghe. This visit led to the revival of Buddhism (Siam Nigaya) in Sri Lanka. At present, Buddhism Siam Nigaya is the biggest and most important Nigaya in Sri Lanka.At present Budhism Siam Nigaya is the biggest and most important in Sri Lanka.

In terms of religious architecture, Sri Lanka and Thailand share similar architectural designs influenced by the Buddhist sculptures, crafts and models such as the stupas. Furthermore, Thailand and Sri Lanka have some similar characteristics, namely a friendly and easy smile.

Agreements between Thailand and Sri Lanka

  1. Agreement on Air Transport Services (2493) (in the process of preparing a new edition).
  2. Cultural Agreement (2524).
  3. Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income (2531).
  4. Agreement on the Promotion and Protection of Investments (2539).
  5. Agreement on Economic and Technical Co-operation between Sri Lanka and Thailand (2539).
  6. Memorandum of Understanding with the restoration measure Thammaram. Ayutthaya (2547)
  7. Agreement on Cooperation in Fisheries (2547).
  8. Memorandum of Understanding on Bilateral Cooperation in Information Technology and Information Services (2547).
  9. Treaty on Mutual Legal Assistance in Criminal (2547) – Followed by the exchange of instruments of ratification during Sri Lankan Former President Mahinda Rajapaksha’s visit to Thailand on May 30, 2555).
  10. Memorandum of Understanding on Cooperation in Agriculture (2547).
  11. Memorandum of Understanding on Cooperation on Sanitary and Phytosanitary Measures (2547).
  12. Memorandum of Understanding on Cooperation on Investment (2547).
  13. Memorandum of Understanding on the Exchange of Intelligence between Thailand and Sri Lanka Army (2548).
  14. Memorandum of Understanding between the Ministries of Foreign Affairs of the Kingdom of Thailand and the Democratic Socialist Republic of Sri Lanka on the Bilateral Political Consultations (2555).
  15. Memorandum of Understanding on Cooperation in Science and Technology (2556).
  16. Memorandum of Understanding on Tourism Cooperation (2556).
  17. Agreement on Visa Exemption for Diplomatic and Official Passports (2556).
  18. Memorandum of Understanding between:

· The Board of Trade of Thailand and the Ceylon Chamber of Commerce (2541)

· The Thai Chamber of Commerce and the Ceylon Chamber of Commerce (2549)

· Joint Standing Committee on Commerce, Industry and Banking Thailand and the Ceylon Chamber of Commerce (2556 )

19. The MOU for the Establishment of Sister-city Relationship between the Ayutthaya and Kandy (2556).

Important Statistics 

Direction of Trade: Thailand – Sri Lanka Imports and Exports           

Value in US$  Million

2015

 

2016

 

2017

 

 

Value

Share

Value

Share

Value

Share

Exports to Thailand

37.753

0.36%

36.322

0.34%

53.994

0.46%

Imports from Thailand

497.185

2.62%

514.463

2.63%

518.323

2.43%






 

Export Share = (Exports to Thailand /Total exports to globe) x100%

Imports Share = (Import from Thailand /Total import from globe) x100%

Source: FCCISL( Federation of Chambers of Commerce and Industry of Sri Lanka )


Tourism Industry :Thailand and Sri Lanka

2014

 2015

2016

2017

 

Jan- Dec

Jan- Dec

Jan – Dec

Jan-

Dec

 

Tourist arrivals from Thailand

9,260

10,112

9,468

Not Available

 

 

 

Tourist arrivals to Thailand from Sri Lanka

52,735

59,795

49,622

40,174

 

Source: Sri Lanka Tourism Development Authority and Ministry of Tourism and Sports, Thailand / Royal Thai Embassy

Inflation: Thailand and Sri Lanka

 

2011

2012

2013

2014

Sri Lanka CPI (2006/07)=100 % change

 

6.7

7.6

6.9

3.3

Thailand CPI (2011=100) % change  

3.8

3.0

2.2

1.9

Source: Sri Lanka Tourism Development Authority and Ministry of Tourism and Sports, Thailand