Nov 08, 2017

Sri Lanka-Thailand to sign MOU on strategic cooperation soon

Sri Lanka and Thailand has entered into a consensus on promoting mutual trade and investment while identifying areas of cooperation between the two countries,

Thai ambassador Chulamanee Chartsuwan said in Colombo on Wednesday 8.

Addressing a meeting of business representatives of local industrial firms at the National Chamber of Commerce she noted that discussions are underway with the top officials of the Ministry of Development Strategies and International Trade headed by Minister Malik Samarawickrema and Thai Ministry of Commerce to sign MOU towards this end.

Thailand has already in the draft MoU a number of areas of mutual interest, she said adding that the next step is to develop certain form of plan of action.

Sri Lanka’s Primary Industry Ministry has signed a cooperation MoU with the Bank for Agriculture and Cooperatives and Kasetsart University in Thailand, with a view to developing the primary industries in Sri Lanka through capacity building and knowledge sharing and to exploring the possibilities of obtaining credit lines to support the entrepreneurs engaged in exports and imports related to primary industries, she added.

Gems and Jewelry industry, Tourism / Hospitality Industry, Export credit line, Small and medium enterprises, Agricultural products: Floriculture and Tea, Automobile component manufactures, Electronics & electrical sector have been identified as areas of cooperation, she pointed out.