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Sri Lanka and Romania is looking to enhance economic ties with improving trade and investment activities between each other, a Romanian media report said.
The two countries are looking at the possibility of building ties in the areas of railways, tourism, tea, construction and investments etc.
These facts have been revealed on Friday, when the Romanian Foreign Minister Titus Corlatean held a joint media briefing with the visiting Sri Lankan Minister of External Affairs G.L. Peiris.
According to Corlatean, Sri Lanka and Romania has reached an agreement to hold a bilateral business forum as part of a trade mission that will arrive in Sri Lanka in the future.
The duo has established a bilateral consultation mechanism to allow the two countries to approach topics of shared interest.
‘We also discussed the fields in which we want to promote mutual investments, such as Romania’s participation in World Bank-sponsored reconstruction and development projects in Sri Lanka, the export of Romanian wines, the import of tea from Sri Lanka to Romania, agricultural cooperation and high tech cooperation,’ the Romanian Foreign Minister has added.
Speaking during the media briefing, Minister Peiris has said, “We are working on some agreements that have to be finalized – the avoidance of double taxation, the promotion of investments and tourism cooperation. I believe all these are important because we have to give a priority place to economic cooperation between Romania and Sri Lanka,’ he added.
According to Peiris, 80-pct of the rail coaches used in Sri Lanka are imported from Romania.
‘Some of them are more than 25 years old. Renewing them is an utmost priority’, Peiris has added.
http://www.news360.lk/economy/news-sri-lanka-and-romania-24-04-2013-agrees-enhance-economic-corporation-trade-667887
The two countries are looking at the possibility of building ties in the areas of railways, tourism, tea, construction and investments etc.
These facts have been revealed on Friday, when the Romanian Foreign Minister Titus Corlatean held a joint media briefing with the visiting Sri Lankan Minister of External Affairs G.L. Peiris.
According to Corlatean, Sri Lanka and Romania has reached an agreement to hold a bilateral business forum as part of a trade mission that will arrive in Sri Lanka in the future.
The duo has established a bilateral consultation mechanism to allow the two countries to approach topics of shared interest.
‘We also discussed the fields in which we want to promote mutual investments, such as Romania’s participation in World Bank-sponsored reconstruction and development projects in Sri Lanka, the export of Romanian wines, the import of tea from Sri Lanka to Romania, agricultural cooperation and high tech cooperation,’ the Romanian Foreign Minister has added.
Speaking during the media briefing, Minister Peiris has said, “We are working on some agreements that have to be finalized – the avoidance of double taxation, the promotion of investments and tourism cooperation. I believe all these are important because we have to give a priority place to economic cooperation between Romania and Sri Lanka,’ he added.
According to Peiris, 80-pct of the rail coaches used in Sri Lanka are imported from Romania.
‘Some of them are more than 25 years old. Renewing them is an utmost priority’, Peiris has added.
http://www.news360.lk/economy/news-sri-lanka-and-romania-24-04-2013-agrees-enhance-economic-corporation-trade-667887
