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Sri Lanka and Afghanistan discuss boosting bilateral ties

Sri Lanka and Afghanistan discuss boosting bilateral ties

Afghanistan Ambassador to Sri Lanka M. Ashraf Haidari has called on Sri Lanka’s newly-appointed Minister of Finance Basil Rajapaksa, the Afghan Embassy in Colombo has stated.
The Minister was accompanied by his senior staff and Additional Secretary Ambassador Pakeer Amza of the Ministry of Foreign Affairs.
The two sides had reportedly discussed wide-ranging areas and the status of growing bilateral relations between Afghanistan and Sri Lanka, potential areas of cooperation between the two sides’ Ministries of Finance, as well as an assessment of the recent security developments in Afghanistan with far-reaching implications for regional stability.
Ambassador Haidari has told the Minister that the two sides had initiated, initialed, and signed 10 memoranda of understanding (MOUs) and agreements over the past two years, despite the Covid-19 situation.
According to reports, both sides have highlighted the importance of a few key pending agreements to be signed in the near future, particularly a bilateral agreement on the promotion and protection of investment aimed at further enhancing bilateral trade and investment between the two countries.
They have also agreed that the transfer of sentenced person’s agreement, facilitating mutual legal assistance and cooperation, should be finalised and signed soon.
On trilateral and multilateral cooperation, the two sides have explored the idea of North-South-South cooperation, as Ambassador Haidari had welcomed technical cooperation between the central and commercial banks of Afghanistan and Sri Lanka with support from multilateral financial institutions such as the World Bank and International Monetary Fund (IMF).
“We are very delighted to utilise the Mahinda Rajapaksa International Cricket Stadium to host our upcoming matches. In addition to many co-benefits, this cooperation opportunity would further deepen ties between our cricketers, youth, and people,” Ambassador Haidari has added.

OSL take:

Sri Lanka is in the process of further strengthening bilateral and trade ties with foreign countries, especially in the region. Sri Lanka is also fast becoming a business hub in the South Asian region given it’s geographical positioning in the Indian ocean and the many trade agreements as well as trade concessions enjoyed by the country. Therefore, Sri Lanka’s strong trade ties have further increased the attraction of the island as a business destination in the region. With Sri Lanka also continuing with an aggressive development programme aimed at taking the country to the next level of development, the business/investment opportunities in the country have shown an expansion. The country’s economy has shown great resilience to external and internal challenges through the years and is once again on the path to recovery after facing the impact of the global Covid 19 pandemic. Foreign businesses/investors could therefore explore business/investment opportunities in Sri Lanka.

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Article Code : VBS/AT/04082021/Z_1

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