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International community reiterates support for Sri Lanka Source : dailynews.lk The 29th Edition of the ASEAN Regional Forum (ARF) took place on August 5 at Phnom Penh, the capital of Cambodia. The forum was hosted by the current chair of ASEAN, Cambodia’s Deputy Prime Minister and Foreign Affairs and International Cooperation Minister Prak Sokhonn. This year’s forum addressed the importance of bilateral relations between the ARF member states with the theme of ‘ARF A.C.T: Addressing Challenges Together’. Whilst being congratulated by most delegations on his recent appointment, Foreign Affairs Minister M.U.M. Ali Sabry, PC, had fruitful discussions on bilateral relations with some of the key members from the ARF. The delegations from the European Union, China, India, and Japan reiterated their support for Sri Lanka in the path of economic recovery, whilst the delegation from the United States sharing the same sentiments emphasized on the opportunity that awaits Sri Lanka with ...

Aug 11, 2022 Posted by In Articles Tagged , , , ,
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China becomes wild card in Sri Lanka’s debt crisis – by BHARATHA MALLAWARACHI China says its initiative to build ports and other infrastructure across Asia and Africa, paid for with Chinese loans, will boost trade Source:abcnews.go.com COLOMBO, Sri Lanka — China says its initiative to build ports and other infrastructure across Asia and Africa, paid for with Chinese loans, will boost trade. But in a cautionary tale for borrowers, Sri Lanka’s multibillion-dollar debt to Beijing threatens to hinder efforts to resolve a financial crisis so severe that the Indian Ocean nation cannot import food or gasoline. Sri Lanka’s struggle is extreme, but it reflects conditions across dozens of countries from South Pacific islands through some of the poorest in Asia and Africa that have signed onto Chinese President Xi Jinping’s Belt and Road Initiative. The total debt of poor countries is rising, raising risks others might run into trouble. Sri Lanka’s 22 ...

May 21, 2022 Posted by In Articles Tagged , , , , , , , , , , , , , , ,
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Ceylon Cinnamon receives GI certification from EU-by Chaturanga Samarawickrama Source:Dailymirror The European Union (EU) today handed over the Geographical Indication (GI) certification to Ceylon Cinnamon, as the Sri Lanka’s first GI-certified product.  An official ceremony to mark this unique honour took place between the EU Delegation to Sri Lanka and the Sri Lanka Export Development Board (EDB).  ...

Apr 29, 2022 Posted by In Articles Tagged , ,
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ECCSL, CBB to discuss post-Brexit opportunities in UK and Europe with intl. experts panel Source:FT The UK’s exit from the European Union last year caused some significant shifts in trading relationships, not only between the UK and the EU, but also further afield. Some of these changes may not yet be fully apparent, as international commerce and trade have been severely impacted this past year by the global pandemic.  As the pandemic recedes and global trade rebounds, will there be new opportunities for Sri Lanka? The UK is Sri Lanka’s second largest trading partner; however, adding together the countries of the European Union, the combined bloc is Sri Lanka’s largest trading partner. How is this being affected by Brexit? Will the UK look to grow trade with Commonwealth members?  Can we expect new opportunities with the European Union?  ...

Jul 9, 2021 Posted by In elanka Finance Tagged ,
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