Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Wednesday, January 24, 2018 01:24:10 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Strengthening ties with Sri Lanka for mutual gains

By
15th-Jul-2017       
Comments
Share your thought
Post a comment »
Read all () »

BANGLADESH and Sri Lanka agreed to enter into a free trade regime by this year.The two countries reached the decision during official talks between Sri Lankan President Maithripala Sirisena and Bangladesh Prime Minister Sheikh Hasina in Dhaka yesterday.
The Foreign Secretary said both countries decided to complete all negotiations and studies in this regard as soon as possible to make way for the FTA, which will be the first such agreement of Bangladesh with any country.The Foreign Secretary said the meeting, held in a very cordial atmosphere, mainly focused on trade, investment and agriculture, as per media reports.
He said out of 14 instruments signed between the two countries seven are on trade and investment and agriculture. Sri Lanka is keen to learn from the success of Bangladesh in agricultural sector to bring revolution in seed production. He said the instruments and a joint statement of the two countries has given a framework to the relation of the two countries. The joint statement has reflected the vision of the two countries to strengthen trade relation as well as political relation, he said.
At the same time, the Foreign Secretary said, the two countries have found a strong possibility of collaboration in higher education as a large number of Sri Lankan students are studying in Bangladesh particularly in the area of medicine. The Foreign Secretary said the Sri Lankan President termed this visit a historic saying it would embark a new journey in the bilateral relations of the two countries. The agreement of visa waiver for the diplomatic and official passport holders is a big achievement of the high level visit, as per the Foreign Secretary's statement.
While the Free Trade Agreement is historic one must look into the overall context--total trade flows between the two friendly nations was only USD 148 million in 2016 - barely 1/560th of our total trade flows. But the potential for it to improve rapidly can only improve if the FTA is negotiated to enhance both our nations advantages in making products.
Nonetheless it is a start - our mutual trade has increased over three-fold in only six years and the potential for it to increase even further is a good sign. However, we must also look into the high presence of Sri Lankan nationals in our RMG industries and reduce the scope for illegal employment. Sri Lanka must promise to reduce such migration in order to give greater scope to our neighbours. Instead we could look into providing proper training for our unskilled workers to give them greater scope to work here.
It is a good thing that we are building up trust with our neighbours - Bangladesh recently gave Myanmar USD 5 lakh to make shelters for the Rohingya. Such peace building initiatives with our friendly neighbours can go a long way to balance the hegemony of our bigger neighbours. In the world of realpolitik, it is every nation for themselves. It is time that we considered our nations interests first.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

EC must upgrade database urgently


THE database of Election Commission (EC) containing elaborate information of about 10.5 crore voters may crash at any time  as they have not upgraded the hardware and software, including the automated fingerprint identification system, in due time. Besides, storage capacity of Oracle Exadata system has also expired which has increased ...

International »

Abbas seeks EU recognition to State of Palestine


AFP, Brussels :Palestinian leader Mahmud Abbas on Monday urged the EU to "swiftly" grant official recognition to the state of Palestine as he sought support in Brussels amid a bitter row with Washington over the US plan to move its embassy to Jerusalem.Abbas told EU diplomatic chief Federica Mogherini that ...

Business & Economy »

L'Oreal hijab model pulls out of campaign after backlash over tweets


Evening Standard :A beauty blogger who was the first ever hijab-wearing model to front a mainstream haircare ad has pulled out of a campaign with L'Oreal after a backlash over tweets she wrote in 2014. Amena Khan wrote on Instagram that she had decided to step down from the campaign ...

Cricket »

Tamim joins 6000 runs ODI club


Southpaw opener Tamim Iqbal reached another milestone as he joined 6000 runs ODI Club during the 5th ODI of the triangular series against Zimbabwe at Sher-e-Bangla National Cricket Stadium art Mirpur on Tuesday.The dashing opener Tamim, who hit his third consecutive fifties in this series so far, needed 66 runs ...

Sports »

Denmark's Caroline Wozniacki hits a forehand return to Spain's Carla Suarez Navarro during their quarterfinal at the Australian Open tennis championships in Melbourne, Australia on Tuesday.


Entertainment »

Fahmee to debut in big screen


Sheikh Arif Bulbon :Though she has been acting in small screen for many days but Fahmida Sharmeen Fahmee had a dream to work in the big screen. At last, her dream comes into true. Finally she has been selected to cast in role of Farzana in Mizanur Rahman Labu’s movie ...

Entertainment »

SRK gets special honour at WEF


Bollywood superstar Shah Rukh Khan was at his wittiest best in Davos on Monday when he asked actress Cate Blanchett for a selfie publicly and immediately quipped that it may leave his children embarrassed, sending the audience into peals of laughter. Khan received the 24th Crystal Award on Monday at ...

City »

BNP Chairperson Begum Khaleda Zia appeared before the special court on Alia Madrasha premises in the city's Bakshibazar on Tuesday on two cases filed by Anti-Corruption Commission.


Editorial »

Banking sector is doomed, merger or no merger


FINANCE Minister AMA Muhith has recommended Bangladesh Bank to start merger of problem banks, but experts fear that such a move would not stop the rot the country's banking sector is facing. On December 28, Muhith wrote a letter to BB Governor Fazle Kabir pointing out that it was the ...

Sports »

Romania's Simona Halep celebrates after defeating Japan's Naomi Osaka during their fourth round match at the Australian Open tennis championships in Melbourne, Australia on Monday.


International »

Turkey in new assault on Kurdish militia on Syria


AFP  :Turkey on Monday shelled Kurdish militia targets in Syria and claimed progress in a cross-border offensive that has stoked concern among its allies and neighbours.The Turkish military on Saturday launched operation "Olive Branch", its second major incursion into Syrian territory during the seven-year civil war.The operation, where Turkish war ...

City »

BNP Standing Committee Member Gayeshwar Chandra Roy, among others, at a protest rally organised by Akhtar Hossain Mukti Parishad at the Jatiya Press Club on Monday demanding release of all BNP leaders including Organizing Secretary of Dhaka Mahanagar Uttar Akhtar Hossain.


Entertainment »

Yami Gautam applauds India’s win at Blind Cricket World Cup 2018


Bollywood actress Yami Gautam took to Twitter to applaud the victory of India at the Blind Cricket World Cup 2018. India retained Blind Cricket World Cup title after beating Pakistan by two wickets in a thrilling final played at the Sharjah Cricket Stadium in UAE on Saturday. India had previously ...

Entertainment »

Razzak’s birthday today


Entertainment Report :If he would alive today he will turn into 77. He died on August 21 of 2017. His sudden demise made a gap in the field industry. He was basically a guardian in film arena. Today is birthday of legendary film actor Razzak. Younger son of Razzak, Khalid ...

Editorial »

Migrant workers` early death should worry our govt


A NATIONAL daily reported that at least 3,480 Bangladeshi workers died abroad in 2017, mostly due to stroke or heart attack. Unbearable physical and mental stress, workload, malnutrition, ill health care, thin sleep and rest time, and unhygienic living decrease the life expectancy of the Bangladeshi expatriates workers working in ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news