Avisheik
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If Sri Lanka is wise, they should choose the JF-17.
JF-17 is an advanced lightweight multirole fighter that is affordable, and this would definitely improve bilateral relations between Sri Lanka and Pakistan. Sri Lanka would also have better relations with China as well.
There are many advantages with Sri Lanka buying JF-17s.
The advantages you talked about is purely political. If given a choice between JF 17 and mig 29smt, they sould go for the mig. Dont forget they are one of the richest per capita in south asia