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Prime Minister elaborates on Asia’s impact on the future world economy

ITN News Editor
By ITN News Editor September 13, 2018 19:15

Prime Minister elaborates on Asia’s impact on the future world economy

Prime Minister Ranil Wickremasinghe has pointed out that the format of a new world economy will be shaped at the center of Asia in the next few decades. As such Premier Wickremasinghe said that ASEAN and the Asian economies have an important role in the Asian political situation.
The Prime Minister expressed these views at a discussion at the ASEAN World Economic Forum in Hanoi. It was held under the theme “The Asian geo-political character.”Ranil Wickremasinghe said that the future of the Asian economy depends on the free navigation of the Indo-Pacific. Therefore, it is important for all to come together and follow a free ocean policy in line with the accepted standards. Views were also expressed on the challenges faced by the Asian region in the face of new economic trends.
It has been emphasized that it is suitable to take basic steps with regard to the future programme of expanding cooperation between ASEAN and Sri Lanka. This emphasis was laid during talks between Sri Lankan Prime Minister Ranil Wickremasinghe and ASEAN Secretary General Lim Jock Hoi. These talks were held on the sidelines of the ASEAN World Economic Forum in Hanoi, Vietnam. Special attention was drawn to Theravadhi Buddhism prominent in many ASEAN countries. Ranil Wickremasinghe pointed out that Sri Lanka is the only country where Theravadhi Buddhsim prevails but is not a member of the ASEAN organization. The Prime Minister said that based on this foundation Sri Lanka has the ability of working in close association with ASEAN nations. Views were also exchanged at this meeting on education and youth fields among ASEAN and Sri Lanka.
Premier Wickremasinghe also had discussions with Cambodian Prime Minister Hun Sen. The Cambodian Prime Minister invited Sri Lankan entrepreneurs to come to his country to undertake business ventures. Priority should be given to launching business ventures between the two countries. Views were exchanged on the preparation of a Mutual Investment Defence Agreement. Visa regulations will be relaxed between the two nations. Both Prime Ministers agreed to release diplomatic and official passports from visa. The Cambodian Prime Minister recalled his visit to Sri Lanka in 1979.
South Korean Foreign Minister Kang Kyung-wha has said that her country is willing to share experiences in the industrial and business information technology sectors with Sri Lanka. She expressed this consent during talks with Ranil Wickremasinghe held in Hanoi, Vietnam. The South Korean Minister during the discussion said that South Korea has taken massive steps forward in the industrial and business sectors with respect to information technology. She declared South Korea’s willingness to share these experiences with Asian countries including Sri Lanka. The South Korean Foreign Minister referred to the priority that should be given in this respect during discussion of the Sri Lanka South Korea Joint Economic Commission. Discussions also centred on the establishment of a South Korean Industrial Zone in Sri Lanka. The South Korean Minister lauded the efforts made by Sri Lanka to ensure peace and free navigation in the Indian Ocean. She emphasized that she always followed the path of peacefully sorting out all issues through discussions. Views were also exchanged with regard to stabilizing peace in the Korean Zone.

ITN News Editor
By ITN News Editor September 13, 2018 19:15