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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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Let’s build a nation rooted in historical heritage (Pics)

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President Anura Kumara Dissanayake stated that a society cannot progress without a meaningful connection to its historic heritage and that the nation’s development path must be chosen accordingly.

The President made these remarks while addressing a ceremonial gathering yesterday (July 10) afternoon at the historic Ruhunu Kataragama sacred site.  

Earlier in the day, President Dissanayake visited the sacred grounds of Kataragama, participated in religious observances and later paid a courtesy call on the Venerable Kobawaka Dhamminda Nayaka Thera, the Chief Incumbent of the historic Kirivehera Rajamaha Viharaya, inquiring about his well-being and engaging in a brief discussion.

The President also attended the final Randoli Maha Perahera (Golden Chariot Grand Procession) of the annual Esala Festival at the Ruhunu Kataragama Maha Devalaya, where he witnessed the ceremonial placement of the sacred relic casket upon the relic bearing tusker.  

Addressing the gathering, President Dissanayake further emphasised that a nation can only move forward by maintaining continuity with its historic heritage. He noted that every developed country in the world has achieved progress by preserving its historical legacy and building upon it, stressing that Sri Lanka, too, must choose a development path anchored in its heritage.

The President highlighted that Buddhism played a pivotal role in transforming our society into a cultured civilisation and that cultural festivals like this help revive and strengthen the moral and social values of a society often preoccupied with material pursuits.  

He pointed out that the Ruhunu Kataragama Perahera has been held continuously for 2,186 years, spanning nearly a hundred generations and that its survival has been possible due to the deep connection between this cultural ceremony and the lives of the people. The President extended his gratitude to all those, including the Chief Incumbent, who contributed to the success of this year’s procession.  

Among those present at the occasion were Deputy Minister of Trade, Commerce, Food Security and Cooperative Development, R.M. Jayawardena, Governor of the Uva Province, Attorney-at-Law Kapila Jayasekara, Member of Parliament Ruwan Wijeweera, Chairman of the Kataragama Pradeshiya Sabha, Dharmapala Herath and Monaragala District Secretary Pasan Ratnayake.

(President’s Media Division)

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Charges against Keheliya & others postponed

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The Colombo Permanent High Court Trial-at-Bar has postponed the formal serving of charges against former Health Minister Keheliya Rambukwella and 12 others to Sep. 16, citing delays in the printing of annexures required to accompany the chargesheets.

Deputy Solicitor General Lakmini Girihagama, appearing for the prosecution, informed the court that while the chargesheets had already been filed, the annexures had not yet been submitted due to printing delays. She noted that it would cost approximately Rs. 866,565 to print the annexures for each accused and that the documents for all twelve defendants are yet to be prepared.

The Government Printer has indicated that it would take about 21 days to complete the printing. Therefore, the prosecution requested the court to reschedule the case accordingly. The court granted the request and fixed the next hearing for Sep. 16.

The Attorney General has filed 13 charges against the accused, including allegations of conspiring to fraudulently misappropriate Rs. 1.444 billion in public funds by supplying 6,195 vials of human immunoglobulin and non-pharmaceutical substances such as Ritopsimap to the Ministry of Health’s Medical Supplies Division.

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UK’s relaxed trade rules to boost SL exports

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The Government of the United Kingdom (UK) has unveiled a package of reforms to simplify imports from developing countries like Sri Lanka after upgrades to the Developing Countries Trading Scheme (DCTS).

The changes, announced as part of the UK’s wider Trade for Development offer, aim to support economic growth in partner countries, including Sri Lanka, while helping UK businesses and consumers access high-quality, affordable goods.

New measures include simplifying rules of origin, enabling more goods from countries such as Sri Lanka, Nigeria, and the Philippines can enter the UK tariff-free, even when using components from across Asia and Africa.

These changes are expected to be in place by early 2026.

This move strengthens Sri Lanka’s position in its second-largest apparel market, supporting exports, jobs, and economic growth.

The British High Commissioner to Sri Lanka, Andrew Patrick, said: “This is a win for the Sri Lankan garment sector, and for UK consumers. With the UK being the second largest export market and garments making up over 60% of that trade, we know manufacturers here will welcome this announcement.

“We want Sri Lanka to improve the utilisation of the UK’s Developing Countries Trading Scheme for a wider range of goods, not just garments. With the Sri Lankan government’s ambition to grow exports, and with the simplification of rules of origin for other sectors too, we strongly encourage more exporters to explore how they can benefit from the preferences offered by the DCTS. The UK remains committed to working towards creating shared prosperity for both our countries.”

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