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14th TIFA Council Meeting held in Colombo

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The United States and Sri Lanka marked the fourteenth Trade and Investment Framework Agreement (TIFA) Council Meeting in Colombo today (18), solidifying their commitment to enhancing trade and investment relations. The technical level meeting, co-chaired by Mr. K.J. Weerasinghe of the Government of Sri Lanka and Mr. Brendan Lynch, Acting Assistant United States Trade Representative for South and Central Asia, witnessed productive discussions on a wide range of crucial issues.

Her Excellency Julie Chung, U.S. Ambassador to Sri Lanka and Mrs. Chandanie Wijayawardhana, Acting Secretary to the President, set the tone with their opening remarks, acknowledging the 75th anniversary of bilateral relations between the two nations.

During the TIFA Council meeting, both delegations addressed policies impacting the investment climate, recent labour reforms, intellectual property protection and enforcement, customs and trade facilitation, technical barriers to trade and market access for apparel, gem and jewellery and agricultural products. The discussions also extended to collaboration and technical assistance in areas such as the digital economy, gem and jewellery industry, floriculture, boat building sectors and the Coconut Research Institute’s technology transfer and research commercialization.

Transparency and efficiency in approving foreign direct investment (FDI) were emphasized as key drivers of domestic economic growth and foreign investment attraction. The United States underscored the importance of adopting robust anti-corruption measures and Sri Lanka provided updates on its proposed anticorruption legislation, seeking technical assistance and training from the U.S. government.

The Biden-Harris Administration’s commitment to workers’ rights was highlighted and Sri Lanka outlined its ongoing labour law reform efforts. The United States stressed the importance of consulting relevant stakeholders and ensuring public review and comment in the process. Sri Lanka detailed its procedures for labour law reforms, with the United States expressing readiness to support these efforts.

Both nations discussed the reduction of agricultural trade barriers to enhance food security in Sri Lanka. The United States advocated for greater market access for U.S. exports of agricultural products, including animal feed. Biotechnology’s role in sustainable agriculture and food security was also explored.

Intellectual property (IP) protection and enforcement were affirmed as crucial for bilateral trade and innovation. Sri Lanka shared updates on its IP legislative reforms and the United States offered capacity building support.

The meeting concluded with both governments committing to making sustained progress on trade issues, looking ahead to the next TIFA Council Meeting scheduled for 2024. The fourteenth TIFA Council Meeting served as a testament to the United States and Sri Lanka’s dedication to strengthening their economic ties and fostering mutual prosperity.

(President’s Media Division)

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Motion approved to remove MP Ali Sabri Raheem from Parliamentary committees

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A motion to remove MP Ali Sabri Raheem from all Parliamentary Committees was approved by the House a short while ago.  

The motion which was moved by Leader of the Opposition Sajith Premadasa was unanimously approved by the House.

MP Raheen was caught trying to smuggle gold and smartphones in May this year.

(dailymirror.lk)

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Rocky successfully carries out ‘call termination’ racket

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Local phone service providers including Telecom and Mobitel as well as the Inland Revenue Department (IRD) are losing a colossal amount of revenue due to a ‘call termination’ racket operating in Sri Lanka, it was reported.

Agencies conducting investigations into the matter have received information that one such racketeer earns as much as Rs.02 – 05 million per day.

It was reported that these racketeers earn this amount by redirecting over 100,000 minutes of IDD calls in a single day.

Sri Lanka Telecom PLC is equipped with the technology to detect this kind of call termination scams and has also set up a separate unit called the ‘Fraud Management Unit’ solely for this purpose.

This unit, which is currently operating under the networking division, is said to have been well-functioning when it was under the financial division.

Senior officials reportedly shirked from launching investigations into these racketeers by citing the arrival of mobile messaging apps such as WhatsApp, WeChat, IMO, Viber and Messenger as the reason for these daily revenue losses.

Meanwhile, investigations have revealed that the racket is currently being largely operated by an individual named ‘Rocky’ who is originally from Gampola and has now settled in Colombo.

Investigations revealed that Rocky is pretending to be an UK national and uses a phone number registered in England.

Apart from this, he is also said to be involved in Undiyal transactions.

He has been arrested by the police in connection with this fraud on a previous occasion as well.

According to security forces, those involved in this racket continue to do so again even after being reprimanded, as the relevant fine is as low as Rs.10,000.

Security forces also note that since such racketeers also support terrorist activities, questioning them under detention orders would enable them to weed out this racket altogether.

Heads of mobile phone service providers allege that the arrest of such traffickers keep getting delayed due to the lukewarm reaction by the investigation departments.

Meanwhile, former chairpersons of service providers, former cricket players and former presidential secretaries have also been accused by the media of being involved in this racket.

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Excise officials kidnap beedi businessman & forcefully take Rs.1mn

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The Walasmulla Police have launched an investigation into an incident where a Beedi businessman was kidnapped and assaulted before forcefully taking Rs.1 million from him.

The business license of the businessman residing in Maraketiya, Rajapuragoda in Walasmulla expired on June 26. A team of excise officials including the OIC of the Tangalle Excise Unit had arrived at his house on September 18 and seized the Beedi leaves.

Excise officials had demanded Rs.1.4 million from the businessman not to take legal action in this regard.

They had taken the businessman away in a three-wheeler, beaten him up, and then had taken an amount of Rs.1 million by force.

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