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NEPAL AND SRI LANKA IMPROVE RELATIONS, SIGN BILATERAL AGREEMENTS


  The government of Nepal and Sri Lanka made no hesitation to improve the economic well being of its countries this Tuesday, when two bilateral agreements regarding trade and aviation were signed. Two agreements were signed during President Mahinda Rajapaksa's state visit to Nepal at the invitation of the Nepali President Dr. Ram Baran Yadav. The historic visit was hailed as landmark in Nepal as it was the first visit by a Head of State or Government to Nepal since the country's political transformation as a Republic.   Talks between the President and Prime Minister covered a range of issues, including a proposed Free Trade Agreement, promotion of tourism, investment, trade in services, information technology, cultural relations, and education.


 

The government of Nepal and Sri Lanka made no hesitation to improve the economic well being of its countries this Tuesday, when two bilateral agreements regarding trade and aviation were signed. Two agreements were signed during President Mahinda Rajapaksa’s state visit to Nepal at the invitation of the Nepali President Dr. Ram Baran Yadav. The historic visit was hailed as landmark in Nepal as it was the first visit by a Head of State or Government to Nepal since the country’s political transformation as a Republic.

 

Talks between the President and Prime Minister covered a range of issues, including a proposed Free Trade Agreement, promotion of tourism, investment, trade in services, information technology, cultural relations, and education.

 

The Bilateral Air Service Agreement will look to improve connectivity between the peoples of the two countries at all levels and also to increase tourism. Nearly 40 thousand Sri Lankan tourists visit Nepal every year, with the direct air link between Kathmandu and Colombo, experts expressed confidence that the arrival of Sri Lankan tourists to Nepal will be up by some 1 million. In addition to this agreement, the Nepali President welcomed Sri Lanka’s plans to construct a Buddhist monastery in Lumbini, birthplace of Lord Buddha. The improved connectivity between the two countries can prove beneficial to the success of the Sri Lankan President’s plans to take measures to develop the monastery and pilgrims rest.

 

The establishment of a Bilateral Joint Commission looks to enhance economic, trade, and cultural relations between the two countries. According to the agreement, a joint commission will meet annually to exchange political and financial support in cooperation to boost other major areas such as education and culture.

 

During the meeting between the two countries, The Nepali Prime Minister continually praised Sri Lanka’s government. The Prime Minister highlighted the SAARC Summit and its declaration on terrorism and world economic crisis in addition to point at great opportunities for expanding and developing economic, political, and social relations between the two nations. In addition, the Prime Minister Dahal said, “Nepal and Sri Lanka have always enjoyed cordial relations and the interactions between the two countries go back to the ancient times.”

 

“Lumbini, the birth place of Lord Buddha and his teachings have provided strong linkages between our two countries. Our relations have stood the test of time and have remained very friendly,” he said.

 

The Sri Lankan President expressed happiness over his first official visit to Nepal, praising Nepal’s contribution to developing SAARC as a regional vision.

 

Nepal believes SAARC process would promote regional cooperation through result-oriented actions,” he said.

 

The Sri Lankan president however, had to cut his stay short due to the terrorist attacks against Sri Lanka’s cricket team in Pakistan, in which gunmen killed at least five policemen and injured six cricketers. Rajapaksa, the Sri Lankan president canceled his proposed trip to Lumbini to return to Colombo in order to handle the terrorist situation.

 

 

Source: www.AsiaEcon.org
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Source: www.asiaecon.org |


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