Sri Lanka and Vietnam to focus on cooperation in agriculture and fisheries sectors - Opportunity Sri Lanka
Sri Lanka and Vietnam to focus on cooperation in agriculture and fisheries sectors

Sri Lanka and Vietnam to focus on cooperation in agriculture and fisheries sectors

Ambassador of Vietnam in Colombo Pham ThiBich Ngoc has reportedly noted that Sri Lanka and Vietnam have immense potential for cooperation in the agriculture and fisheries sectors.
The envoy had made the observation during a farewell call on Sri Lanka’s Foreign Minister Dinesh Gunawardena recently.
The Ambassador has reportedly stated that Vietnam could share its best practices, knowledge and technology transfer, in particular.
Minister Gunawardena has emphasised areas such as the canning industry, especially fish canning, and fish feed production were areas in which Viet Nam could offer assistance to Sri Lanka.
Ambassador Pham ThiBich Ngoc has further observed that such collaboration in the fisheries sector would no doubt contribute in uplifting rural fishing, and fish farming in Batticaloa and Mullaitivu.
Discussing further on agricultural sector cooperation, the Ambassador has reportedly stated that there was much potential in coffee, pepper and rubber, where Viet Nam could provide knowhow for cultivation. The two officials have also agreed that in order to advance trade relations between the two countries, it was important to pursue a Preferential Trade Agreement.
Minister Gunawardena has further noted the importance of strengthening ties in areas of tourism, democracy and education cooperation.
Sri Lanka and Vietnam celebrated the 50th anniversary of the establishment of diplomatic relations in 2020. Vietnam and Sri Lanka have enjoyed deep-rooted friendly relations for centuries.

OSL take:

Sri Lanka and Vietnam enjoy historical ties and are in the process of further strengthening bilateral/trade ties between the two countries. The potential for cooperation between the two countries on agriculture and plantation sectors highlighted by the Vietnamese envoy is indicative of growing business/investment opportunities. Vietnamese and Sri Lankan companies could explore the possibility of forming partnerships/joint ventures to expand business opportunities in the agriculture And plantation sectors. Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country have helped it become a business hub in the South Asian region.

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Article Code : VBS/AT/20210119/Z_4

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