fbpx

Life+News The Official News Portal of Independent Television Network Ltd

Leaders of Sri Lanka and Myanmar agree to reactivate the joint trade agreement

ITN News Editor
By ITN News Editor August 30, 2018 19:53

Leaders of Sri Lanka and Myanmar agree to reactivate the joint trade agreement

Leaders of Sri Lanka and Myanmar have agreed to reactivate the joint trade agreement between the two countries and strengthen the economic and trade ties on a new path. This agreement was reached during a meeting this morning between President Maithripala Sirisena and Myanmar President Win Myint.
BIMSTEC, the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation is an international organisation of seven nations of South Asia and South East Asia, housing 1.5 billion people. President Maithripala Sirisena who is in Nepal to attend the BIMSTEC meeting met Myanmar President Win Myint for talks in Kathmandu. Special attention was directed during this meeting on the Trade Agreement launched in the year 1999 to facilitate trade activities between Sri Lanka and Myanmar. They discussed further strengthening the bilateral ties between Myanmar and Sri Lanka which has a long history.
Both countries are nations that follow the Theravadhi Buddhist philosophy and have an agricultural-based economy. As such President Maithripala Sirisena pointed out that there are many similarities between the two countries. The Sri Lankan President further said that as such it is easily possible to strengthen the relations between the two countries.
The President also commended the programme mooted by his Myanmar counterpart to strengthen democracy. Also recalling the programme of democratic leader Aung San Suki, reminisced the meeting he had with her in the year 2016.
President Maithripala Sirisena elaborated on the measures taken to establish Independent Commissions via the 19th Amendment and thereby strengthen democracy vesting unlimited executive powers enjoyed by the President in Parliament.
The Myanmar President told the Sri Lankan leader that he intended to tour the island in the near future. He applauded the constant support extended by Sri Lanka for Myanmar. About 300 Sri Lankan Buddhist monks are living in various Buddhist places of worship in Myanmar and both countries gave a dedicated pledge to strengthen the Buddhist Philosophy and move forward. Both leaders discussed in detail to upgrade the support in the agricultural sphere.

ITN News Editor
By ITN News Editor August 30, 2018 19:53