Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Australian Prime Minister's visit lays foundation for closer ties with Sri Lanka
Thu, Nov 2, 2017, 08:02 pm SL Time, ColomboPage News Desk, Sri Lanka.

Nov 02, Colombo: Australia's Prime Minister Malcolm Turnbull has held productive discussions with the President and Prime Minister of Sri Lanka, during a visit to Colombo Tuesday, the High Commission of Australia said in a release.

The visit marked the 70th anniversary of bilateral relations and highlighted the strong friendship between the two countries.

The leaders identified new areas of collaboration including in trade and investment, defense and security matters. Prime Minister Turnbull expressed appreciation for Sri Lanka's strong cooperation in countering people smuggling.

In discussions with President Maithripala Sirisena, Prime Minister Turnbull announced three Australian Stabicraft vessels will be given to the Sri Lankan Coast Guard to boost maritime security, as well as assistance from the Australian Federal Police to reinforce Sri Lanka's counter-narcotics efforts. This builds on the strong existing cooperation between Australia and Sri Lanka in addressing transnational crime, and people smuggling.

Prime Minister Turnbull also offered Australia's support to establish Sri Lanka's proposed National Defense College, with a senior Australian military officer to be seconded to the College for two years from 2018.

The leaders discussed shared strategic interests and agreed that Australia and Sri Lanka, as Indian Ocean trading nations, had a strong common interest in working together to preserve the rules-based order that has underpinned the region's peace and prosperity.

During the visit, Prime Minister Turnbull and Prime Minister Ranil Wickremesinghe witnessed the signing of a bilateral Trade and Investment Framework Arrangement, which will establish regular senior officials' talks to facilitate trade and investment. The Framework follows on from the Joint Declaration on Enhanced Cooperation signed during President Sirisena's visit to Australia.

With two-way trade approaching A$1billion, strong recent growth in education links and tourism, opportunities in energy and resources and agribusiness, and the resumption this week of direct flights between Sri Lanka and Australia, Leaders agreed that the economic relationship was poised to take off.

The Prime Ministers discussed the planned establishment of Sri Lanka's Parliamentary Budget Office, and Prime Minister Turnbull extended an offer of capacity-building and training assistance once the Office was in operation. This was in keeping with Australia's wider support through the World Bank for Sri Lanka's reform efforts in innovation, trade facilitation and ease of doing business.

Prime Minister Turnbull's visit completed the celebrations for the 70th anniversary of bilateral relations between Australia and Sri Lanka this year, and laid the foundation for even closer ties in the years to come.

 

ColomboPage - Recent 10 Stories ::
Police arrest five people in Trincomalee with a high-powered metal scanner
-- [4 hours ago]
Law will be strictly enforced against errant traders arbitrarily raising prices - Finance Minister
-- [5 hours ago]
Sri Lanka BOI says investment projects worth over $16 bn under discussion with Singapore
-- [6 hours ago]
Sri Lanka to launch National Export Strategy this week to strengthen exports
-- [6 hours ago]
Fisheries Ministry provides over Rs. 440,000 to bring Sindur-2 fishermen back
Sri Lanka President arrives in Rome to attend the 24th COFO & 6th World Forest Week
Rs. 17 million worth Heroin found in Serunuwara
Sri Lanka lawmaker suggests death penalty for prison officers abetting drug traffickers to organize crimes from jail
Sri Lanka Prime Minster launches 'Gamperaliya' accelerated rural development program
CSE to host briefing event for potential Empower Board sponsors on July 18

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.