Medical &Health

Dhaka wants to sign FTA with Colombo

Dhaka has expressed its keen interest to sign a Free Trade Agreement (FTA) with Colombo to exploit the huge potential of bilateral trade between Bangladesh and Sri Lanka.

“If it would take time to sign the FTA, we told them we would like to sign a preferential trade agreement (FTA) initially,” Foreign Minister Dr AK Abdul Momen said.

He was speaking at a media briefing on the outcomes of high-level bilateral meeting between Bangladesh and Sri Lanka.

Prime Minister Sheikh Hasina led the Bangladesh side while her Sri Lankan counterpart Mahinda Rajapaksha led his country in the talks, held this morning at the Prime Minister’s Office (PMO).

“We had a very fruitful discussion … the two leaders laid emphasis on utilizing the huge trade potential between the two countries,” Momen said at the briefing at the foreign service academy in the capital.

The foreign minister said both sides laid emphasis on shipping connectivity and agreed to sign agreements on feeder service between Colombo and Chattogram ports and on costal shipping line.

Besides, the two countries agreed to sign investment promotion agreement and instrument on custom cooperation soon to expedite bilateral investment.

The two leaders agreed to form a Joint Commission for Comprehensive Cooperation led by foreign ministers of the two countries to review the progress of all bilateral cooperation including foreign office consultation, commerce secretary-level talk and working groups between the two South Asian Nations.

Momen said the Bangladesh side sought Sri Lankan support in resolving the Rohingya crisis considering Colombo a good friend of Naypyidaw.

The foreign minister said after getting briefed by the Bangladesh side about the current situation of the persecuted Rohingyas, the Sri Lanka side assured that they will extend all cooperation to resolve the crisis.

The two sides also agreed to increase cooperation in various fields including pharmaceuticals, IT, agriculture, maritime security and disaster management, he said.

Dhaka expressed keen interest to provide training to Sri Lankan nationals in the field of paddy production, climate adaption, disaster management and information technology while urged Colombo to extend training programme for Bangladeshis on marine fisheries and nursing.

Both the countries reiterated their pledge to support each other on different multilateral platforms including the United Nations.

The Sri Lankan premier thanked Prime Minister Sheikh Hasina for Bangladesh’s support to Sri Lanka under the SAARC COVID 19 emergency fund.

Rajapaksa also highly lauded farsighted leadership of Sheikh Hasina in advancing Bangladesh towards building ‘Sonar Bangla’, dreamt by Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

Prime Minister Sheikh Hasina expressed her gratitude to her Sri Lankan counterpart for visiting Bangladesh amid the COVID pandemic, Momen said.

State minister for foreign affairs Md Shahriar Alam also spoke at the briefing.

Source: Bangladesh Sangbad Sangstha (BSS)