June 29, Colombo: Sri Lanka has inked a Memorandum of Understanding with Bangladesh to purchase pharmaceuticals and medical devices from that country at reasonable prices.
Sri Lanka's Minister of Health Maithripala Sirisena signed the agreement on 23rd June when he called on Bangladesh Foreign Minister A H Mahmood Ali at his office in Dhaka.
Minister Sirisena has stressed that signing the MoU is a historic moment as this is the first ever pharmaceutical procurement MoU signed by the Government of Sri Lanka with any Government or an institution.
Under the provisions of the MOU, the government will be able to maintain the high standards of healthcare in the country and ensure uninterrupted supply of high quality, reasonable essential medicines in Sri Lanka.
Highlighting Bangladesh's progress in the pharmaceutical sector and the existing demand in Sri Lanka Bangladesh Foreign Minister has said that Sri Lanka stands to gain enormously through import of quality pharmaceutical products from Bangladesh at a reasonable price and the MoU would facilitate the entire cooperation and create a win-win situation.
He assured that Government of Bangladesh will be able to supply Sri Lanka with high quality medicines at the best price under the provisions of the MoU.
Minister Sirisena in his remarks has expressed that the scope of the MoU would enable Bangladesh to become an important partner in Sri Lanka's socio-economic development.
During his visit, Minister Sirisena has visited the Essential Drug Company Ltd (EDCL) which is a 100% state owned Bangladesh pharmaceutical company.
The Minister and the Sri Lankan delegation had held discussions with senior officials of the Bangladesh Ministry of Health, Ministry of Foreign Affairs along with the officials of the EDCL and the members of the Bangladesh Association of Pharmaceutical Industries (BAPI) on the modalities of implementation of the signed MOU.
He also welcomed Bangladesh investors to take advantage of the conducive atmosphere and emerging opportunities in the pharmaceutical sector in Sri Lanka.
He also added that Sri Lanka was able to sign an MOU in the field of Nurses Training in November 2013 and hoped the Sri Lanka and Bangladesh could share expertise and look for synergies in partnership in medical field.
Bangladesh Foreign Minister has also streses that Bangladesh would like to be a partner in Sri Lanka's development endeavors.