With the SLSFTA, Singapore has the opportunity to directly invest in Sri Lanka's healthcare sector under international trade mode 03 services. Sri Lanka's healthcare hospital industry is one of the fastest growing industries and is continually facing new issues and challenges. In order to understand the industry and its competitiveness, in the context of changing economic and political priorities in Sri Lanka and globally, Port's Five Forces analysis tool is used. In fact, threats linked to the hospital sector have been identified. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essaySingapore's healthcare system (see Appendix 04) is recognized as one of the best in the world thanks to a technology cutting-edge and latest evidence – proven practices. If such a hospital is formed in Sri Lanka, there will be massive development in the healthcare sector in terms of patient care, technology, surgical treatment, etc. In addition, it will be supported for rapid growth of the health sector with more opportunities and to promote the health sector. internationally with a good image. Medical tourism is one of the objectives of the National and Export Sector Strategy for 2018-2022 released by the Sri Lanka Export Development Board (EDB). There is a good opportunity to promote medical tourism with increasing interest and demand for wellness services worldwide. There are several strong competitors such as India, Malaysia and Thailand, as well as the Republic of Korea and Dubai, which set the benchmark for medical tourism. The main competitive factors are price, access, facilities and reputation of the hospital and specialist. These are considered generic qualities and success depends primarily on the extent to which the destination and its investors are willing to invest in the medical infrastructure and human resources that will be shared across the entire hospital sector. Currently, more hospitals in Singapore, such as Mount Elizabeth Hospital, are attracting more patients. from abroad, including Sri Lanka. According to the Daily FT newspaper (published on Saturday, March 14, 2013), the Parkway Pantai Assistant Center sends more than 15 inpatients and 30 outpatients to Singapore for medical treatment every month. The most innovative technologies, skills and management knowledge are used by hospitals in Singapore. maintain and improve their quality of service in a changing environment in the healthcare sector across the world. The benefits of this FDI include the transfer of new technologies, management skills and innovation to existing hospitals in Sri Lanka. Currently, some high-end laboratory tests are outsourced abroad, such as in India, because the tests cannot be carried out with limited resources. in the country. There is an opportunity to carry out these tests locally, with the establishment of leading hospitals in Sri Lanka. Certain medical equipment and consumables are currently imported from Singapore with applicable import taxes. The SLSFTA provides tax exemption and thus the cost of importing these items will be reduced. The objectives of this agreement are to liberalize and facilitate trade and investment between the parties in accordance with the provisions of this agreement. Therefore, this FTA will eliminate the price control and tax implication of existing hospitals. Keep in mind: this is just one..