ibusinesslines.com July 23, 2017

Sri Lankan President Sirisena leaves Dhaka

15 July 2017, 07:55 | Melissa Porter

FTA with Sri Lanka this yr

President's visit to Bangladesh: Several bi-lateral agreements signed

President Maithripala Sirisena who is now engaged in a three day visit in Bangladesh, is scheduled to meet their business community today.

Agreements were entered into in the fields of standardisation, increasing economic co-operation, information technology and radio and television development.

A joint statement between Bangladesh and Sri Lanka said, President Sirisena and Prime Minister Sheikh Hasina held discussions on all aspects of Bangladesh-Sri Lanka relations as well as contemporary global and regional issues of common interest.

President Sirisena appreciating the warm hospitality and courtesies extended to him and his delegation by the government and the people of Bangladesh during the visit, extended an invitation to Bangladesh Prime Minister to visit Sri Lanka at a mutually convenient time in 2018.

The two leaders asked the officials concerned to complete all necessary steps quickly regarding the FTA.

"Taking into account the advantages, opportunities and complementarities that Bangladesh and Sri Lanka enjoy, the Leaders recognized the potential for collaborative partnership between the private sectors of the two countries, particularly in high-end apparel and textiles, information technology and related knowledge industry, religious and eco-tourism, gems and jewellery and precious metal, agriculture and agro-processing, fisheries- livestock- dairy-horticulture, health management, infrastructure development and construction, pharmaceuticals, energy and power". There were some FTAs in the pipeline, he added.

Bangladesh and Sri Lanka have signed 14 instruments, including one between the shipping corporations of the two countries, on the sidelines of Sirisena's visit.

There was also an agreement to exempt rulers and rulers' servants from of both countries from visa requirements.

Foreign Secretary Shahidul said seven out of the 14 instruments were on trade and investment which means that the two sides focused on boosting trade relations. Hasina announced her plan to procure the Chinese submarines in 2013 when Bangladesh signed a billion-dollar deal with Russian Federation to buy fighter training jets, helicopters and anti-tank missiles.

Regarding the cooperation on higher education, the foreign secretary said a large number of Sri Lankan medical students are studying in Bangladesh and the MoU was signed to further enhance cooperation in the sector.

According to Presidential media sources, Minister Ravi Karunanayake, State Minister Wasantha Aluwihare, and Deputy Ministers Mohan Lal Grero and Nishantha Muthuhettigama were also present at said encounter.

Other News

Trending Now

Mathematician Maryam Mirzakhani, First Woman to Win Fields Medal, Dies Age 40
In 1999, Mirzakhani earned a bachelor of science degree in mathematics from the Sharif University of Technology in Tehran. The Fields Medal, which she won in 2014, is given out every four years, often to multiple winners aged 40 or younger.

Trump might impose tariffs and quotas on foreign steel
The S&P 1500 steel sector index added as much as 3 percent shortly after Trump's remarks. Those countries could respond with limits of their own on US exports.

WPX Energy, Inc. (WPX) Shares Sold by Janus Capital Management LLC
The oil and gas producer reported ($0.15) EPS for the quarter, beating the Zacks' consensus estimate of ($0.17) by $0.02. Municipal Employees Retirement System of MI raised its position in shares of WPX Energy by 14.1% in the first quarter.

Keryx Biopharmaceuticals, Inc. (KERX) Receives $8.42 Consensus Price Target from Brokerages
Analysts are expecting EPS growth rates to be at -28.40% this quarter and EPS estimate for next year reflect 66.70% growth rate. The rating was maintained by Maxim Group on Thursday, August 6 with "Buy". (FOSL)'s shares projecting a $14.45 target price.

Sampdoria considering shock move for Arsenal midfielder
Arsenal are now trying to bring in a host of new players as Wenger attempts a charge to get the Gunners back into the top four. " But once he is ready, when he comes back, he will not be far from practising with the team ".

California man sentenced to 16 years in prison for killing 21 cats
Farmer, 24, pleaded guilty to killing the animals and injuring three more in the city's Cambrian Park area in the fall of 2015. Ellis also argued Friday that Farmer presented a "phenomenal risk" of re-offending.

PA ANALYSIS: Weak inflation casts uncertainty over USA rate rises
The University of MI released a report on Friday showing a notable deterioration in USA consumer sentiment in the month of July. The most-active USA gold futures for August delivery futures settled up $10.20, or 0.84 percent, at $1,227.50 per ounce.