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4th round of negotiations on SL – Thailand FTA ends today

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The fourth round of negotiations on the proposed Sri Lanka-Thailand Free Trade Agreement (SLTFTA) was held in Colombo from 27 to 29 March 2023. 

This initiative aligns with the President’s vision of enhancing economic relations with large and emerging economies, with a particular focus on ASEAN countries.

On March 26, a 35-member Thai delegation led by Ms. Auramon Supathaweethum, Director General of the Department of Trade Negotiations, arrived in Sri Lanka for the fourth round of talks. Along with their focus on trade negotiations, the delegation also strengthened the long-standing religious and cultural ties between the two countries by offering over 500 alms-bowls to the Gangarama temple on the same day.

The National Trade Negotiations team representing Sri Lanka at the talks was led by Mr. K. J. Weerasinghe, the Chief Negotiator of the Presidential Secretariat. The team comprised officials from various departments, including the Ministry of Foreign Affairs, Ministry of Trade, Commerce and Food Security, Ministry of Industry, Department of Trade and Investment Policy, Attorney General’s Department, Department of Commerce, Department of Agriculture, Central Bank of Sri Lanka and Board of Investment of Sri Lanka. They participated in the negotiations on behalf of Sri Lanka.

During the third round of negotiations in January, discussions on the proposed Sri Lanka-Thailand Free Trade Agreement focused on areas such as trade in goods, trade in services, investment, rules of origin, customs cooperation, trade facilitation, and economic cooperation. The fourth round of talks will build on the principles already agreed upon, and delve deeper into these areas. Additionally, discussions will be held on trade remedies, technical barriers to trade (TBT), and legal matters.

Prior to the fourth round of negotiations, the National Trade Negotiations Committee and relevant sub-committees engaged in discussions with various industry sectors and stakeholders. The points raised during these discussions were taken into consideration and used appropriately during the fourth round of talks.

The Sri Lankan negotiating team’s goals for the talks focussed not only to increase Sri Lankan exports’ access to the Thai market, but also to improve market access to other ASEAN countries through the Thai market, and to reduce existing non-tariff barriers. The Sri Lankan Government hopes to sign the agreement in the first quarter of 2024. 

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Several spells of showers expected today

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The Meteorology Department says several spells of showers will occur in Western, Sabaragamuwa and North-western provinces and in Kandy, Nuwara-Eliya, Galle and Matara districts today (June 06).

Showers or thundershowers may occur at a few places in Uva and Eastern provinces and in Vavuniya and Mullaittivu districts during the afternoon or night.

Fairly strong winds of about 30-40 kmph can be expected at times over Western slopes of the central hills and in Southern province.

The general public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

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Top defence officials of India – SL meet in Colombo (Pics)

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Indian Defence Secretary Mr. Rajesh Kumar Singh, leading a high-level delegation, held separate meetings today (Jun 05) with Sri Lanka’s Deputy Minister of Defence Major General Aruna Jayasekara and Defence Secretary Air Vice Marshal Sampath Thuyacontha (Retd). 

The meetings were also attended by the High Commissioner of India to Sri Lanka, H.E. Santosh Jha, reflecting the importance accorded to strengthening bilateral defence relations.

Discussions focused on key areas of mutual interest, including, bilateral defence cooperation, military exchanges and joint training opportunities, capacity building, collaboration in disaster management and humanitarian assistance.

During the meeting the Deputy Minister of Defence, recalled the close and long-standing friendship between neighbouring India and Sri Lanka, and expressed gratitude to the people and government of India for the support they have extended in the past, especially in times of need.

When the Indian delegation met the Sri Lankan Defence Secretary at the Ministry of Defence premises, Defence Secretary Thuyacontha (Retd.) expressed gratitude to the Government of India for the continued cooperation in strengthening Sri Lanka’s defence capabilities.

In response, his Indian counterpart reiterated India’s commitment to maintaining close and friendly relationship with Sri Lanka and expressed firm resolve to further enhance defence and security cooperation, contributing to peace, stability, and prosperity in the region.

Both sides agreed to continue regular high-level engagements and to explore new avenues for cooperation, particularly in maritime security, counter-terrorism, and capacity development.

(defence.lk)

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Marine Drive tree planting project held (Pics)

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In line with World Environment Day, a tree planting and conservation project was launched this morning (5) along the coastal stretch of Colombo’s Marine Drive, from the Kollupitiya Railway Station towards Wellawatte. The initiative is being implemented by the Clean Sri Lanka Secretariat Office.

Marking the commencement of the project, 1,600 Takkada (Scaevola taccada) saplings were planted today, with plans to expand the number to 6,000 in the near future. The project is being carried out with participation from state institutions, private organisations and the general public.

The Takkada plant, which includes two species highly resistant to saline environments, is listed as a threatened species on the Red Data List. The Scaevola taccada species planted today typically grows as a shrub reaching heights of 5 to 6 feet. Its dense green foliage and compact height make it ideal for urban settings, enhancing cityscapes with both environmental and aesthetic value.

This initiative is being carried out with the collaboration of the Sri Lanka Army, Sri Lanka Police (Environmental and Traffic Divisions), Sri Lanka Railways, Road Development Authority, Urban Development Authority and the Colombo Municipal Council. It is sponsored by LB Finance PLC and Hemsandu Marketing Company.

The event was attended by Colombo Municipal Councillor Vraie Cally Balthazaar, Senior Additional Secretary to the President (Finance and Economic Affairs) G.M.R.D. Appuhamy, along with representatives from the sponsoring organisations and other distinguished guests.

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