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* Sri Lanka, Vietnam agree to raise bilateral trade to US$ 1 billion
Mon, Apr 17, 2017, 08:10 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 17, Hanoi: Sri Lanka and Vietnam have agreed to raise the two-way trade turnover to US$ 1 billion in the coming time when the Sri Lankan Prime Minister Ranil Wickremesinghe met with the Prime Minister of Vietnam Nguyen Xuan Phuc in Hanoi on Monday.

Sri Lankan PM Ranil Wickremesinghe is on an official visit to Vietnam from April 16-18. The visiting Premier and his spouse were welcomed at an official welcoming ceremony today at the Presidential Palace in Hanoi.

Welcoming the Sri Lankan high-ranking delegation led by his counterpart Ranil Wickremesinghe Prime Minister Phuc reaffirmed Vietnam's consistent policy of respecting the traditional ties and comprehensive cooperation with Sri Lanka.

During the meeting, the two leaders showed their satisfaction at the unceasing developments in the bilateral ties since the diplomatic establishment on July 21, 1970.

"They underlined their determination to elevate the bilateral ties to a new height in a more practical and effective manner in favor of respective advantage and potential," an official government statement here said.

The two premiers agreed to cement and deepen the political and diplomatic ties, strengthen reciprocal visits at all levels, and effectively implement bilateral cooperative mechanisms, especially the fourth meeting of the Joint Commission and the third Political Consultation in 2017.

The two PMs affirmed to spur cooperation in security-national defense; sharing of information, law making experience; shaking hands in combating transnational crimes; boosting coordination in post war consequence settlement and UN's peacekeeping operations.

Highlighting the abundant potentials for economic, commercial and investment cooperation, the two leaders agreed to strive for a two-way trade turnover goal of US$ 1 billion in the coming years.

The two sides agreed to figure out measures to beef up cooperation in potential and advantageous fields, including petroleum, infrastructure, IT, telecom, garments and textiles, agricultural production and distribution, and aquaculture.

The two countries also agreed to enable the enforcement of the Agreement on encouragement and reciprocal protection of investments and portfolio on fields of investment encouragement; amend and sign new agreements.

The two PMs pledged to continue giving a priority to and facilitating cooperation in other areas such as energy, tourism, education, manpower development, and cultural exchanges.

They took the occasion to exchange view on regional and international issues of common concern; applaud closer coordination at regional and international forums; contribute to cooperation of ASEAN and the South Asian Association for Regional Cooperation (SAARC) in favor of peace, stability, cooperation, and development in Asia.

Both sides highlighted the significance of maintaining peace and stability in the East Sea, freedom of navigation and aviation, peaceful settlement to disputes in accordance with international laws.

After talks, the two PMs witnessed the signing of two cooperative documents including a plan on agricultural cooperation in the 2017-2019 period and an agreement on educational cooperation in the 2017-2021 and had a press briefing.

The Sri Lankan PM was accompanied by Minister of Fisheries and Aquatic Resources Development Mahinda Amaraweera, Minister of Telecommunication and Digital Infrastructure Harin Fernando, Minister of National Co-existence, Dialogue and Official Languages Mano Ganesan, Mr. Ranjith Aluvihare, a member of the Sri Lankan Muslim Congress.

 


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