Consensus on preferential trade agreements 1016173 | The voice of tomorrow



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Sri Lankan Prime Minister Mahinda Rajapaksa visited Prime Minister Sheikh Hasina’s office in Dhaka yesterday. At that point he signed the office inspection book. Photo: Kaler Kantho

Bangladesh and Sri Lanka have agreed to sign a ‘Preferential Trade Agreement’ (PTA) to strengthen bilateral trade and create opportunities for duty-free access to goods between the two countries. The goal of the two countries is to sign a free trade agreement (FTA) for short. Previously, the two countries signed the PTA as an interim measure. After the summit meeting between Bangladesh and Sri Lanka in Dhaka on Saturday morning, the foreign minister said in the afternoon. AK Abdul Momen told reporters.

Meanwhile, six Memoranda of Understanding (MoU) were signed at the Prime Minister’s Office in Dhaka after a summit between the two countries led by Prime Minister Sheikh Hasina and Sri Lankan Prime Minister Mahinda Rajapaksa. These include cooperation between Bangladesh and Sri Lanka to strengthen youth development, an agreement between the Bangladesh Agricultural Research Council (BARC) and the Agricultural Research Policy Council (SLCARP), between the Bangladesh Department of Technical Education. and the Commission for Higher and Professional Education. Sri Lanka. Assistance for the training of Bangladeshi nurses and health workers in Sri Lanka, cooperation between the Bangladesh Institute of International and Strategic Studies and the Laxman Qadir Gamma Institute of International Relations and Strategic Studies and exchange of cultural programs for 2021-25. A new memorandum of understanding, five renewals.

After the meeting, the Prime Minister’s Press Secretary Ihsanul Karim told reporters that Prime Minister Sheikh Hasina and Sri Lankan Prime Minister Mahinda Rajapaksa had reached an agreement to open new areas of trade and commerce. between the two countries. The meeting lasted about an hour and discussed various bilateral, regional and international issues.
During the meeting, Sheikh Hasina said that the bilateral trade between Bangladesh and Sri Lanka was much lower than expected. He said a “joint feasibility study” on a free trade agreement had already been completed. We should move quickly towards a free trade agreement now.

Prime Minister Sheikh Hasina emphasized the involvement of the private sector. He mentioned the bright potential of many Bangladeshi products in the Sri Lankan market. Sheikh Hasina said: “Sri Lanka has invested in the Bangladeshi energy sector. We urge Sri Lankan investors to invest more in the special economic zones, industrial parks and high-tech parks of Bangladesh.

Sheikh Hasina emphasized sharing experiences in agriculture, including rice cultivation and freshwater fish farming. He expressed interest in acquiring Sri Lankan technological knowledge on deep-sea, aquaculture and coastal fisheries.

The Prime Minister emphasized increased institutional cooperation in the field of education for capacity building, technical training and skills development. He said Sri Lanka could benefit from importing world-class medicines from Bangladesh.

Sri Lankan Prime Minister Mahinda Rajapaksa expressed satisfaction with the existing relations between the two countries. He invited Prime Minister Sheikh Hasina to visit Sri Lanka next year to mark the jubilee of diplomatic relations between the two countries. The Prime Minister of Sri Lanka also praised the transformation of Bangladesh into a digital country.

Sri Lanka’s prime minister arrived in Dhaka on Friday to attend a function marking the centenary of the birth of Bangabandhu Sheikh Mujibur Rahman and the golden jubilee of independence. He addressed the ‘Mujib Chirantan’ program in the National Parade Square that afternoon. In the evening he participated in a dinner hosted by the Prime Minister.

The Prime Minister of Sri Lanka paid tribute to the Father of the Nation at the Bangabandhu Memorial Museum in Dhaka yesterday.



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