Tuesday, July 23, 2024

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The US expresses willingness to enhance bilateral trade, investment, and tourism.

Sri Lanka and the United States convened the fourth Sri Lanka-US Partnership Dialogue today (March 23), in Colombo, renewing their shared commitment to economic prosperity, sustainable development, democracy, human rights, and the rule of law.

Acknowledging that the US is already the largest market for Sri Lankan exports, both delegations reiterated their intent to explore new opportunities to enhance market access, bilateral trade, investment, and tourism.

The meeting was co-chaired by Minister of Foreign Affairs Prof. G.L. Peiris and the Under Secretary for Political Affairs of the US Department of State Victoria Nuland.

Both delegations reaffirmed their commitment to the bilateral relationship, firmly rooted in shared values as fellow democracies, and their intent to work together to further strengthen the partnership.    

Sri Lanka expressed its deep appreciation to the United States for the donation, in partnership with COVAX, of 3.4 million vaccines, and the provision of over USD 18 million in health equipment and other relief to address the COVID-19 pandemic in the past year.

The United States expressed its commitment to enhancing opportunities for the economic empowerment of women.

To that end, Sri Lanka welcomed the role of the US International Development Finance Corporation (DFC), which has increased its portfolio to USD 265 million in loans designed to support Sri Lanka’s small and medium enterprises, particularly women-owned businesses.

Sri Lanka also appreciated the provision of US funding to launch the first business accelerator in Sri Lanka, specifically aimed at women entrepreneurs.

Both countries committed to working together to address climate change and other environmental challenges. 

The United States welcomed Sri Lanka’s goal to produce 70 percent of electricity from renewable energy by 2030, and to attain carbon neutrality by 2050.

Ongoing US grant assistance to help meet these goals, including a five-year USD 19 million Sri Lanka Energy Program and support towards a floating solar plant, were noted with appreciation.

The United States informed its intent to continue supporting the sustainable development of Sri Lanka through the US Agency for International Development.

The US delegation reaffirmed its commitment to promote school nutrition and literacy among Sri Lankan children, in consultation with the Sri Lankan Government.

Sri Lanka appreciated the successful nutrition campaign conducted by Save the Children in 2021 which benefited over 106,000 primary grade students.

Sri Lanka and the United States resolved to continue cooperation on maritime security and work together to ensure a safe maritime domain in the Indian Ocean through the rules-based international order. In this context, the US strategy towards a free, open, and prosperous Indo-Pacific region, which promotes freedom of navigation and overflight, was noted as an important initiative.

Sri Lanka welcomed the impending arrival of the third High Endurance US Coast Guard Cutter transferred through the US Excess Defense Articles program. 

The United States noted the recently announced King Air program to strengthen Sri Lanka’s maritime monitoring capacity and respond to humanitarian and post-disaster needs. Sri Lanka welcomed US support in the prevention of smuggling and other illegal activities.

Both delegations welcomed ongoing bilateral defense and security sector cooperation, including US support for humanitarian demining and disaster relief, joint military engagements, human rights training for Sri Lankan officers, and exchange of visits, including by US ships and military officials. The United States resolved to explore opportunities to further expand counter-terrorism cooperation with Sri Lanka

The United States welcomed action taken by Sri Lanka to promote reconciliation and human rights in pursuit of development and prosperity. Sri Lanka outlined its progress in reconciliation, in promoting and protecting human rights, and in strengthening democracy, democratic institutions and practices, good governance, justice and the rule of law. The United States acknowledged progress in these areas, including efforts to reform the Prevention of Terrorism Act (PTA), the release of long-term PTA detainees, the justice reform agenda, and engagement with civil society representatives. The United States encouraged Sri Lanka to continue making progress on its commitments to reconciliation and human rights

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