Bangladesh and Sri Lanka to expedite negotiation on PTA

Bangladesh and Sri Lanka to expedite negotiation on PTA

October 30, 2024   12:26 pm

Dhaka and Colombo have stressed accelerating negotiations over signing the Preferential Trade Agreement (PTA) at the earliest to unlock the untapped potential of bilateral trade between Bangladesh and Sri Lanka.

The intention was observed when Sri Lankan High Commissioner to Bangladesh Dharmapala Weerakkody met Foreign Secretary Md. Jashim Uddin at the foreign ministry in Dhaka on Tuesday.

During the meeting, the foreign secretary outlined the reform initiatives and priorities of the interim government aimed at ensuring free, fair and participatory elections.

While taking stock of the pending agreements and Memorandum of Understandings (MoUs) between the two countries, both sides stressed the importance of finalising agreements on coastal shipping, avoidance of double taxation, and mutual administrative assistance in customs matters.

They underscored the need for holding Foreign Office Consultations between Bangladesh and Sri Lanka to discuss the entire gamut of bilateral relations.

The high commissioner mentioned that Sri Lanka would propose dates for the next Foreign Office Consultations after the parliamentary elections in Sri Lanka set to take place on November 14 next.

Both sides agreed on working closely at SAARC, BIMSTEC and other regional and multilateral fora.

Source: The Financial Express
--Agencies

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

'We can't do 5-year tasks in 5 weeks, But we've shown what we can achieve' – Vijitha Herath (English)

'We can't do 5-year tasks in 5 weeks, But we've shown what we can achieve' – Vijitha Herath (English)

President reveals plans to reduce electricity tariff by over 30% (English)

'Sarvajana Balaya'offers path to desired political change in Sri Lanka – Dilith (English)

Former President requests implementation of salary hikes for state-sector employees (English)

Sajith reveals plans to renegotiate new IMF agreement to ease public burden (English)

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

Sajith accuses President of failing promises, vows to deliver relief as per his manifesto (English)

Dilith Jayaweera proposes abolishing MPs' salaries, seeks NPP support for private member's bill (English)