Regulatory & Policy NewsEconomy-wide / Cross-sector

šŸ“ˆ Sri Lanka & Thailand Sign Bilateral Framework Opening 10,000 Employment Opportunities

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• Agreement Overview: Sri Lanka and Thailand signed a Memorandum of Understanding (MoU) on Labour Cooperation and a Memorandum of Agreement (MoA) on Employment in Bangkok, securing an initial quota of 10,000 job opportunities for Sri Lankan workers. • Key Protections & Terms: The structured framework guarantees fair recruitment, safe working conditions, and equal rights under Thai labor laws, including legally mandated wages, healthcare, and welfare benefits. • Targeted Sectors: Sri Lanka proposed establishing a Joint Working Group and requested further expansion into skilled sectors, focusing on youth employment in ICT/BPM, tourism, hospitality, and technical fields. • Economic Context: This initiative marks a crucial step in market diversification for Sri Lanka's foreign employment sector, expanding worker migration beyond traditional markets into Southeast Asia to boost foreign remittances.

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