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‘Will never allow SL territory to be used inimical for India’s security interests’ – President

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President Anura Kumara Dissanayake has reiterated that Sri Lankan territory would never be allowed to be used in a manner inimical to India’s security interests. 

Dissanayake highlighted this, during a discussion held in Colombo with India’s External Affairs Minister (EAM) Dr. S. Jaishankar who visited Sri Lanka on Friday (04).

Issuing a statement regarding Dr. S. Jaishankar’s Sri Lanka visit, the Indian High Commission in Sri Lanka stated that regarding security and defence, the meetings brought out that the interests of India and Sri Lanka were closely intertwined. Their collaboration was in mutual interest and contributed to the stability and security of the region. The importance of a continuous dialogue that would promote trust, transparency and mutual sensitivity was recognized. 

Furthermore, with regard to the ethnic issue and the reconciliation process, EAM reiterated India’s support for the aspirations of all communities, including Tamils, for equality, justice, dignity, peace while maintaining the unity, territorial integrity and sovereignty of Sri Lanka., the Indian High Commission mentioned.

Meanwhile, he has assured that the full and effective implementation of the 13th Amendment of its Constitution and the early holding of Provincial Council elections will facilitate these objectives.

In his meeting with the President, Dr. Jaishankar spoke about ongoing initiatives in the field of energy production and transmission, fuel and LNG supply, solar electrification of religious places, connectivity, digital public infrastructure, health and dairy development. 

He highlighted that they would contribute to economic sustainability and provide new streams of revenue. The Sri Lankan President said that India’s economic support is critical to realize his vision of a prosperous Sri Lanka and meeting the aspirations of the people. He referred to the potential of export of renewable energy to India which could help reduce production costs in Sri Lanka and create additional resources. The President also noted the contribution of Indian tourists and recognized that this has the potential to grow further, the Indian High Commission added.

EAM’s conversation with the leadership also covered facilitating Indian investments and job creation in Sri Lanka, as well as expanding the flow of Indian tourists. In his meeting with Prime Minister Amarasuriya, he underlined that the Government of India was prepared to respond to the training and capacity building requirements of Sri Lanka. Their discussion also focused on the benefits of digital public infrastructure, the statement highlighted.

On Sri Lanka’s debt restructuring efforts, EAM recalled that India had been supportive of Sri Lanka’s economic stability and recovery from the very start. It was the first country to give financing assurances which enabled the IMF to finalize the Extended Fund Facility. He confirmed India’s support in the Official Creditors’ Committee in respect of Sri Lanka’s agreement with International Sovereign Bond holders. 

India is also willing to expedite the conclusion of its bilateral MoU with Sri Lanka, the Indian High Commission said, noting that the President conveyed his appreciation in that regard.

(adaderana.lk)

(This story, originally published by adaderana.lk has not been edited by SLM staff)

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Fuel prices upped

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The Ceylon Petroleum Corporation (CPC) has announced a revision of fuel prices, effective from midnight today (June 30).

The price of Petrol 92 Octane has been increased by Rs. 12 to Rs. 305 per litre, while the price of Kerosene has been increased by Rs. 07 to Rs. 185 per litre. The price of Auto Diesel has also been increased by Rs. 15, bringing it to Rs. 289 per litre.

However, the prices of Petrol 95 Octane and Super Diesel remain unchanged, according to Ceypetco.

The new fuel prices are as follows:

• Petrol Octane 92 – Rs. 305 (increased by Rs. 12)
• Auto Diesel – Rs. 289 (increased by Rs. 15)
• Kerosene – Rs. 185 (increased by Rs. 7)
• Petrol Octane 95 – Rs. 341 (not revised)
• Super Diesel – Rs. 325 (not revised)

Meanwhile, Lanka IOC has also revised retail fuel prices to match Ceypetco prices.

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“Sri Lanka, only Asian country currently holding talks to revise Trumps’ tariffs”

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Sri Lanka is the only country in the Asia region currently holding discussions with officials in the United States to revise the tariffs introduced by US President Donald Trump earlier this year, according to Minister of Labour and Deputy Minister of Economic Development Prof. Anil Jayantha Fernando.

Joining the Parliamentary debate today (30), where MPs are debating the fiscal strategy statement of the government, the Deputy Minister of Economic Development stated that they are hopeful the government will be able get a better deal from the US regarding the 44% tariff imposed earlier this year.

A Sri Lankan delegation last month held discussions in Washington, D.C., focusing on tariff-related matters, following an invitation extended by the Office of the United States Trade Representative (USTR).

The reciprocal tariffs imposed by United States President Donald Trump has been paused for 90 days at present.

Deputy Minister of Economic Development Prof. Anil Jayantha Fernando in Parliament stated that the government will take all steps within their powers to reduce the tariffs imposed by the US which will have a major bearing on many local industries.

The Deputy Minister while the government is taking such important steps to safeguard local companies, the opposition is only focused on jeopardizing the work of the present administration

(adaderana.lk)

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

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Indian officials extend US visit to iron out trade deal, sources say

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Officials from India will extend their Washington visit to try to reach agreement on a trade deal with U.S. President Donald Trump’s administration and address lingering concerns on both sides, two Indian government sources said on Monday.

Trade talks between India and the U.S. have hit roadblocks over disagreements on import duties for auto components, steel, and farm goods, ahead of Trump’s July 9 deadline to impose reciprocal tariffs.

The Indian delegation had been expected to conclude discussions by last Friday, but was staying on until at least Monday evening to iron out differences and move towards an agreement, officials said, declining to be named as the discussions are private.

“There are certain disagreements over opening up the agriculture and dairy sectors, though India has offered tariff concessions on 90% of tariff lines. A final call will be taken by the political leadership of the two countries,” one of the government sources said.

“The Indian delegation could stay for another one to two days if discussions continue,” the second source said.

India’s commerce ministry and the U.S. Trade Representative Office did not immediately respond to requests for comment.

Agriculture and dairy are “big red lines” for India in its ongoing trade negotiations with the U.S., Finance Minister Nirmala Sitharaman told the Financial Express newspaper in an interview published on Monday.

“Yes, I’d love to have an agreement, a big, good, beautiful one; why not?” Sitharaman said, adding that an early conclusion of the trade deal would serve India better.

Trump said last week that America was going to have a “very big” trade deal with India, but gave no details.

(Reuters)

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