Sri Lanka–Brazil Relations Strengthened as Both Sides Target $1 Billion Trade by 2030

The second round of bilateral political consultations between Sri Lanka and Brazil was held today (20) at the Ministry of Foreign Affairs, Foreign Employment and Tourism in Colombo, marking a key step in strengthening longstanding ties between the two nations.

The meeting was co-chaired by Foreign Ministry Secretary Aruni Ranaraja and Ambassador Susan Kleebank, Brazil’s Secretary for Asia and the Pacific.

Discussions reviewed progress since the first round of consultations in 2022 and explored new areas for cooperation. Both sides agreed to increase bilateral trade to USD 1 billion by 2030, while emphasizing the need to expand engagement in line with evolving global economic trends.

The two countries also committed to expediting pending agreements in several sectors, including defence, law enforcement, countering human smuggling and transnational crime, traditional and Ayurvedic medicine, and diplomatic training.

Officials noted that the Dairy Livestock Project and the Sugarcane Project have been finalized and are expected to be signed soon with support from the Brazilian Cooperation Agency.

Preparations for President Anura Kumara Dissanayake’s upcoming state visit to Brazil were also discussed.

Both sides highlighted the importance of strengthening parliamentary ties, with plans to revive Parliamentary Friendship Groups and exchange delegations. A women’s parliamentary group from Brazil is also expected to visit Sri Lanka.

New opportunities for collaboration were identified in key sectors such as agriculture, animal husbandry, agricultural research, ports and shipping, and sports.

The two countries further agreed to continue close cooperation in both bilateral and multilateral forums.

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lanka’s Tea Production Slumps as Extreme Weather Threatens Export Earnings

Sri Lanka’s Tea Production Slumps as Extreme Weather Threatens Export Earnings

Costly Diesel Power Exposes Urgent Need for Energy Sector Reform

Costly Diesel Power Exposes Urgent Need for Energy Sector Reform

Colombo Welcomes Bavarian Festivities With Four Nights Of Oktoberfest

Colombo Welcomes Bavarian Festivities With Four Nights Of Oktoberfest

Delayed Household Survey Clouds Sri Lanka’s True Economic Recovery

Delayed Household Survey Clouds Sri Lanka’s True Economic Recovery