Sri Lanka and Myanmar hope to boost trade with 1999 deal

ECONOMYNEXT – Sri Lanka and Myanmar have agreed to revive a two-decades-old trade agreement between the two countries when their leaders met this week at a regional summit in Kathmandu, Nepal.

President of Myanmar Win Myint and President Maithripala Sirisena had met at the sidelines of the Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation (BIMSTEC) meeting in Nepal, where they decided to boost trade by building on an earlier agreement signed by the two countries in 1999, a statement from the office of President Sirisena said.

The two leaders discussed the need to build economic cooperation especially in agriculture.

They had also discussed the shared history of both countries in Theravada Buddhist philosophy. (Colombo/Aug30/2018)

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