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Australia pushing for trade and investment framework arrangement Tim Watts Source:Island Australia is seeking trade and investment framework arrangement with Sri Lanka. Australian Assistant Minister for Foreign Affairs Tim Watts, MP, who is in Colombo for the Indian Ocean Rim Association (IORA) Council of Ministers said that their growing economic ties with Sri Lanka would be enhanced through the signing of a renewed Trade and Investment Framework Arrangement. The Assistant Minister said that the move would also support economic recovery. The following is the text of a statement issued by the Australian HC, Colombo: “Australia’s prosperity and security is intimately tied to the Indian Ocean. We have a strong interest in an Indian Ocean region that is peaceful, stable and prosperous, where countries of the region can cooperate, trade and thrive. While in Sri Lanka, I will represent Australia at the 23rd meeting of the Indian Ocean Rim Association (IORA) ...