March 14, Colombo (LNW): High Commissioner Dharmapala Weerakkody underscored the critical importance of bolstering and sustaining the longstanding and amicable bilateral economic relationship between Sri Lanka and Bangladesh to maximise trade and investment opportunities.
These sentiments were expressed during his meeting with the newly appointed Foreign Minister of Bangladesh, Dr. Hasan Mahmud, in Dhaka on Monday.
Weerakkody emphasised the enduring ties between the two nations, spanning centuries, with growing people-to-people connections over time.
Highlighting the necessity of exploring new avenues to enhance trade, investment, and bilateral partnerships for economic development, Weerakkody noted ongoing negotiations for a Preferential Trading Agreement (PTA) aimed at further strengthening trade cooperation.
Foreign Minister Dr. Mahmud conveyed gratitude for the warm congratulations extended by the President of Sri Lanka to Prime Minister Sheikh Hasina following her victory in Bangladesh’s 12th National Parliamentary elections. He commended the enduring friendship between the two countries.
Dr. Mahmud also expressed satisfaction with Sri Lanka’s economic recovery efforts despite recent challenges.
Weerakkody briefed the Minister on Sri Lanka’s ongoing commitment to a new economic vision focused on stabilising the economy through comprehensive reforms in finance, law, and governance.
He highlighted positive economic indicators such as increased foreign remittances and growth in the tourism sector.
The discussion also covered the importance of enhancing collaboration in various sectors including trade, investment, shipping, pharmaceuticals, and agriculture.
Both sides recognised the significance of partnerships in ICT and hospitality for mutual economic progress.
Dr. Mahmud encouraged further Sri Lankan investments in Bangladesh’s new economic zones, underscoring opportunities for economic cooperation.
Both parties agreed to strengthen ties at bilateral, regional, and multilateral levels to address mutual concerns and interests effectively.
