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Sri Lanka to assume IORA Chairmanship for 2nd time

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Sri Lanka will assume the Chairmanship of the Indian Ocean Rim Association (IORA) for the period 2023 to 2025 at the forthcoming 23rd Council of Ministers’ Meeting hosted by Sri Lanka on 11 October 2023 in Colombo. 

The Council of Ministers’ Meeting will be preceded by the 25th Meeting of the Committee of Senior Officials. This is the second time that Sri Lanka will assume the IORA Chairmanship, having previously served as the Chair from 2003 to 2004.

The Indian Ocean Rim Association is the only intergovernmental regional forum that brings together 23 littoral states of the Indian Ocean. There are also 11 Dialogue Partners in the Association. Sri Lanka is a founding member of the Association. The Indian Ocean Rim Association marked its 25th anniversary in 2022.

The Council of Ministers is the highest decision making body of the Indian Ocean Rim Association, and Foreign Minister Ali Sabry will be the Chair of the Council of Ministers during Sri Lanka’s Chairmanship. Foreign Secretary Aruni Wijewardane will chair IORA Senior Officials Meeting preceding the Council of Ministers.

Sri Lanka has chosen ‘Strengthening Regional Architecture: Reinforcing Indian Ocean Identity’ as the theme for its Chairmanship of IORA. Ministers of Foreign Affairs of the 23 Member States and the 11 Dialogue Partners or their representatives and Senior Officials are expected to attend the Indian Ocean Rim Association Council of Ministers and Committee of Senior Officials meetings in Colombo in October 2023.

The Member States of the Indian Ocean Rim Association are Australia, Bangladesh, Comoros, France, India, Indonesia, Iran, Kenya, Madagascar, Malaysia, Maldives, Mauritius, Mozambique, Oman, Seychelles, Singapore, Somalia, South Africa, Sri Lanka, Tanzania, Thailand, United Arab Emirates and Yemen. The Dialogue Partners are China, Egypt, Germany, Italy, Japan, Republic of Korea, Russian Federation, Saudi Arabia, Türkiye, UK and USA.

The primary objectives of the Indian Ocean Rim Association are to promote regional economic integration, enhance trade and investment, facilitate sustainable development, and strengthen maritime safety and security and it focuses on several priority areas, including maritime safety and security, trade and investment facilitation, fisheries management, disaster risk reduction, academic and scientific cooperation, tourism and cultural exchanges, and women’s economic empowerment.

The Secretariat for Sri Lanka’s Chairmanship of IORA will function under the Ministry of Foreign Affairs headed by Executive Director General Prof Sudharshan Seneviratne, former High Commissioner of Sri Lanka to Bangladesh.  Officials of the National Aquatic Resources Research and Development Agency (NARA) and Sri Lanka Navy will be attached to the Secretariat, along with senior officials of the Foreign Ministry.

(Ministry of Foreign Affairs)

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Three injured in Kosgama shooting, including 12-year-old girl

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Three people, including a 12-year-old girl, were injured in a shooting incident at Suduwella, Kosgama, early this morning (6), police said.

They said the victims were travelling in a three-wheeler when two individuals on a motorcycle opened fire using a pistol-type weapon.

The injured include a 30-year-old woman and her 12-year-old daughter, both residents of Avissawella, as well as a 44-year-old man.

All three have been admitted to Avissawella Hospital for treatment.

Police said the motive for the attack and the identities of the suspects have not yet been established.

Kosgama Police are conducting further investigations into the incident.

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Four Sri Lankans arrested at BIA with 378 bottles of liquor

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Four Sri Lankan passengers were arrested by Customs officers at the Bandaranaike International Airport (BIA) this morning while attempting to smuggle in a large consignment of whiskey and cardamom valued at approximately Rs. 15 million.

The suspects, residents of Colombo and Hatton had arrived in the country on IndiGo flight 6E-1183 from Bangalore, India, which landed at 1:00 a.m.

Customs officials uncovered the contraband during baggage checks, finding 378 bottles of whiskey and 132 kilograms of cardamom concealed in 20 pieces of luggage. The items were reportedly purchased from a duty-free shopping complex at a foreign airport.

The four individuals have been detained, and further investigations are being carried out by the Airport Customs Division.

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Treasury sounds alarm over vehicle import boom’s dollar drain

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The Treasury has warned the Central Bank that the enthusiasm shown in the import of vehicles after the ban was lifted could have a negative impact on foreign reserves and urged that precautionary measures be taken.

A senior Treasury official said that in the five months after the restrictions on the import of vehicles were lifted, Letters of Credit to the value of US$ 742 million have been opened, against the proposed target of allowing up to US$ 1 billion.

Accordingly, the Treasury has advised the Central Bank that as the opening of the LCs and imports has been at a rate faster than anticipated, it should closely study the trend of imports and take remedial measures in advance.

The Treasury has pointed out that the outflow of US dollars could have a serious impact on the foreign currency reserves and also on the exchange rates. As a result, there could be an impact on imports of essentials, including fuel.

The longstanding vehicle import ban was lifted in February this year, and so far more than 18,000 vehicles have been brought into the country, while import levies have earned a tax revenue of Rs 220 billion, Customs Spokesman Seevali Arukgoda told the Sunday Times.

The revenue from vehicle imports has made a significant contribution to the taxes in the form of customs levies amounting to Rs one trillion so far for the year. The Customs revenue target for this year is Rs 2.1 trillion.

(sundaytimes.lk)

(Except for the headline, this story, originally published by sundaytimes.lk has not been edited by SLM staff)

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