Singapore launches talks for free trade deal with Sri Lanka

Sri Lanka's push to build infrastructure and develop its industries presented prospects for Singapore firms to partner with companies in the Indian Ocean nation and contribute to its growth, S. Iswaran said in a statement.

"Amidst an uncertain economic environment, Sri Lanka offers good potential for Singapore companies looking to tap opportunities in new markets," he said.

The Indian Ocean island was Singapore's 39th largest trading partner last year, with two-way trade of S$2.05 billion ($1.52 billion), Singapore's Ministry of Trade and Industry said.

(Reporting by Jongwoo Cheon; Editing by Clarence Fernandez)