Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Wednesday, September 20, 2017 04:36:34 AM
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 »

Our inactive diplomacy is deplorable : We shall need armed support


IT'S almost a month since Myanmar has started to push Rohingya Muslims illegally into Bangladesh; creating a burden for an economically weaker country like ours. Our government waiting eagerly for the international power houses to act quickly and solve the problem for us. But all our so-called proven friends like ...

Entertainment »

Antora Azim`s web series Basic Ali


Sheikh Arif Bulbon :Few years ago, Antora Azim started her acting career through Adnan Al Rajib’s a play titled Middle Class Sentiment. Under his direction Antora also performed as a model in a TV commercial of Banglalink. Later she took break from media for her study. She again started shooting ...

Entertainment »

Bhoomi item song by Sunny Leone faces Censor scissors - fans to face disappointment


The Censor Board always has a last laugh because of the immense powers vested with it. And with power comes responsibility. The Central Board of Film Certification is a statutory censorship and classification body under the Ministry of Information and Broadcasting, Government of India. Bhoomi has been at the receiving ...

City »

BNP Standing Committee Member Amir Khasru Mahmud Chowdhury, among others, at a discussion on `Bangladesh`s Position in Rohingya Crises` organised by Bangladesh Youth Forum at the Jatiya Press Club on Tuesday.


International »

Trump expresses his hopes for peaceful settlement to ME crisis


AFP, United Nations :US President Donald Trump again expressed his hopes for a peaceful settlement to the Middle East crisis Monday as he met Israel's Prime Minister Benjamin Netanyahu.Netanyahu was the first leader to have a one-on-one with Trump at the US president's first United Nations General Assembly, an annual ...

International »

Hong Kong leader demands end of independence talk


Reuters, Hong Kong  :Hong Kong's leader urged an immediate end to independence debates in the Chinese-ruled global financial hub on Tuesday, warning that the issue was harming the city's relationship with Beijing's Communist Party leaders.Insisting that the government did not want to intervene on university campuses, Chief Executive Carrie Lam ...

Sports »

Canada`s Brayden Schnur (right) and India`s Yuki Bhambri shake hands after the match during Davis Cup singles tennis tournament action in Edmonton, Alberta on Sunday.


Editorial »

Rice crisis must be resolved — police action not enough


THE government on day before yesterday directed the law enforcement agencies and Deputy Commissioners (DC) to arrest illegal rice hoarders in the country. The directive comes in the wake of introducing open market sales (OMS) of coarse rice at Tk. 30 per kg, double the previous year's price, across the ...

City »

Hefazat-e-Islam Bangladesh brought out a procession in the city protesting persecution of Rohingya Muslims in Myanmar was intercepted by police at Shantinagar intersection on Monday.


Entertainment »

Waluscha De Sousa sets the ramp on fire in an Anj Kreations lehenga


A fashion favourite & Bollywood actress Waluscha De Sousa who made her debut in Shah Rukh Khan starrer Fan was seen walking the ramp at a preview show for an upcoming exhibition named Joya. This exhibition organised by the Moranis of Cineyug held a preview of top 8 designers participating ...

International »

US may stay in Paris climate accord : Tillerson


Reuters, Washington :The United States could remain in the Paris climate accord under the right conditions, Secretary of State Rex Tillerson said on Sunday, signaling a shift in tone from the Trump administration, which angered allies with its decision to pull out of the agreement.President Donald Trump is willing to ...

Editorial »

N. Korea`s mad rush for nuclear status


NORTH Korea said it was seeking military "equilibrium" with the United States as leader Kim Jong-Un vowed to complete Pyongyang's nuclear programme. North Korea successfully fired a Hwasong-12 intermediate-range ballistic missile over Japan on Friday, responding to a new round of UN sanctions over its sixth nuclear test with its ...

Sports »

Saida Akter Mou (right) of Bangladesh Ansar & VDP and Rifad Ahmed Sabbir of BKSP pose with their trophies of the girls' singles and boys' singles of the South Bangla Agriculture & Commerce Bank 4th National Junior Table Tennis Championship at the Shaheed Tajuddin Wooden Floor Gymnasium on Sunday.


Entertainment »

Kriti Sanon marks Nat`l Engineers Day


It is a known fact that Kriti Sanon who is today known to be one of the top young actresses in the industry has a background of being an Engineer. The Bareilly Ki Barfi actress came to Mumbai a few years back from Delhi where she was studying engineering with a ...

City »

Jatiyatabadi Projanma `71, organized a discussion titled `Election-time Government: Role of Election Commission and future of democracy at the Jatiya Press Club on Sunday. Among others, BNP Senior Joint Secretary General Ruhul Kabir Rizvi took part in the discussion.


 
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