Sri Lanka and Thailand sign memorandum on strategic economic partnership during Thai PM’s visit
Sri Lanka and Thailand have signed a memorandum on strategic economic partnership during the recent visit to Sri Lanka by Thai Prime Minister Prayut Chan-o-cha.
According to reports, discussions were also held on promoting religious tourism between the two countries.
The Thai Prime Minister during his visit to Sri Lanka met President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe.
During the meeting with the President, attention had been drawn to implement a joint tourism promotion programme to take the Buddhist heritage of both the countries to the world.
Both Sri Lanka and Thailand have an Indianized culture with a Hindu-Buddhist heritage and had been part of extensive Indian colonial empires.
Meanwhile, a Memorandum of Understanding on Strategic Economic Partnership was signed by Sri Lanka’s Minister for International Trade Malik Samarawickrema and Thailand’s Deputy Minister of Trade.
President Sirisena had appreciated the progress made by Thailand in the agricultural and technical sectors and requested to provide assistance to develop these sectors in Sri Lanka. The Thai Premier had agreed to take action in this area.
Thailand has an advanced agriculture and food processing industry.
OSL take:
The memorandum signed between Sri Lanka and Thailand during the Thai Prime Minister’s recent visit to Sri Lanka would further boost trade ties between the two countries. Sri Lanka and Thailand boasts of historic trade links and the two countries are now looking at promoting religious tourism between the two nations. Given the growing ties between the two countries, foreign businesses/investors could look at setting up base in Sri Lanka with the aim of entering into Sri Lankan as well as Thai markets.
| Article Code : | VBS/AT/20170716/Z_3 |