By: Staff Writer
Colombo (LNW): Sri Lanka and Singapore today signed a Memorandum of Understanding (MoU), centring around the joint venture on carbon credits.
The signing took place following a meeting between President Ranil Wickremesinghe and Singapore’s Prime Minister Lee Hsien Loong earlier yesterday, official sources said.
The focal point of these discussions was the reinforcement of collaborative efforts between the two nations.
A senior official stated that the leaders emphasized the importance of sustained cooperation and explored avenues for increased economic involvement.
In the aftermath of this significant meeting, a pivotal step was taken to solidify the partnership between the governments of Sri Lanka and Singapore.
A Memorandum of Understanding (MoU) was successfully inked, centring around the joint venture on carbon credits. This landmark collaboration falls under Article 6 of the Paris Agreement, a pivotal framework for global environmental stewardship.
Meanwhile, the historic MoU was signed by Ms Sashikala Premawardhane, High Commissioner of Sri Lanka to Singapore and Mr. Beh Swan Gin, Permanent Secretary (Development), Ministry of Trade and Industry, in the presence of President Wickremesinghe and Prime Minister Lee.
This strategic partnership not only showcases the commitment of both nations to environmental responsibility but also sets the stage for further collaboration in various sectors, paving the way for a prosperous and sustainable future.
Sri Lankan President Ranil Wickremesinghe held bilateral talks with Singapore’s Prime Minister Lee Hsien Loong on Tuesday (Aug. 22) on the reinforcement of collaborative efforts between the two nations.
The two leaders have emphasized the importance of sustained cooperation and explored avenues for increased economic involvement,
The Sri Lankan leader met with Singapore’s President, Madam Halimah Yacob on Monday at the Istana in Singapore and had fruitful discussions, covering topics including food security, renewable energy and regional economic cooperation.
Meanwhile, Singapore’s Minister for Defence, Dr. Ng Eng Hen, called on President Ranil Wickremesinghe to discuss how to amplify security and defence collaboration between the two nations. They also underscored the paramount importance of strengthening security partnerships in the South Asian region.
Chief-of-Staff and National Security Advisor Sagala Ratnayaka, Senior Advisor on Climate Change Ruwan Wijewardena, and Senior Advisor on Economic Stabilization Dr. R.H. S. Samaratunga accompanied President Wickremesinghe.
This assembly of key individuals underscores the seriousness and significance of this agreement. This strategic partnership not only showcases the commitment of both nations to environmental responsibility but also sets the stage for further collaboration in various sectors, paving the way for a prosperous and sustainable future.
