Sri Lanka and Australia talk free trade, investment

ECONOMYNEXT – Sri Lanka and Australia has had the inaugural round of talks under a Trade and Investment Framework Agreement signed on November 2017, when Prime Minister Malcolm Turbull visited the island.

 "The agenda encompassed discussions on economic reform and cooperation, free trade and regional trade agreement agendas, market access and investment facilitation and sector specific opportunities for investment in both countries," Sri Lanka’s High Commission in Canberra said in a statement.

"These discussions are expected to pave the way for regular review of trade and investment matters of bilateral interest and further discussion between stakeholders in the two countries."

Kathy Klugman, First Assistant Secretary, South and West Asia Branch of Australia’s Department of Foreign Affairs and Trade led the Australian delegation.

Officials from Austrade, the Department of Agriculture and Water Resources, Export Finance and Insurance Corporation were also involved in talks.

The Sri Lankan delegation was led by Additional Secretary (Development) of the Ministry of Development Strategies and International Trade W.A.D. Gunasinghe.

K.J. Weerasinghe, Chief Negotiator of free trade agreements and officials from the Ministries Development Strategies & International Trade Ministry, Foreign Affairs, Sri Lanka Export Development Board, the Board of Investments, and the Sri Lanka High Commission in Canberra were also in the delegation.


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