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The fifth Spherical of Sri Lanka-Thailand Free Commerce Settlement (SLTFTA) negotiations commenced in Colombo this morning (26), aligning with President Ranil Wickremesinghe’s imaginative and prescient of strengthening financial ties with main and rising economies, with a specific concentrate on ASEAN international locations.
Mr. Ok.J. Weerasinghe, the Chief Negotiator, Worldwide Commerce Workplace (Chief of SL delegation), expressed satisfaction with the progress of the Free Commerce Settlement discussions, that are continuing in response to the agreed-upon timeline. The following spherical of negotiations is scheduled to happen in Thailand from August twenty first to twenty third, 2023. Three extra rounds are deliberate to conclude the Settlement by February 2024, with the signing anticipated to happen in March 2024.
In the course of the opening session on the Taj Samudra Lodge in Colombo, Mr. Weerasinghe welcomed the SLTFTA delegation and emphasised the Sri Lankan Authorities’s goal of integrating into the worldwide financial system. Sri Lanka goals to increase its financial attain first inside South Asia after which prolong additional eastward to turn out to be part of the Regional Complete Financial Partnership (RCEP). Sri Lanka will formally request the member international locations of RCEP to help its utility. Given Thailand’s energetic participation in each ASEAN and RCEP, Sri Lanka will search Thailand’s help in becoming a member of RCEP.
The Director Common of the Division of Commerce Negotiations and Chief Negotiator of Thailand, Ms. Arumon Supthaweethum, participated within the negotiations nearly. The Thai delegation, together with H.E. Ambassador of Thailand in Sri Lanka Poj Harnpol, and the Sri Lankan delegation, together with Mrs.Kshenuka Seneviratne Senior Advisor to President on Worldwide Media, Mrs. Chandani Wijayawardana Senior Further Secretary to the President, Mr. Ok.J.Weerasinghe Chief Negotiator, Worldwide Commerce Workplace (Chief of SL delegation), Mrs. S.W.C. Jayamini Further Secretary to the President (Deputy Chief Negotiator) additionally attended the occasion. The fifth spherical of discussions is scheduled to conclude on Wednesday (28).
(President’s Media Division)
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