India Now - page 6

4
FEBRUARY-MARCH 2015
|
National
ROUND-UP
VOICEOF
AVISIONARY
“Climate change is one of the most
serious threats...to our national and
global security, to poverty eradication
and economic prosperity.”
— David Cameron, Prime Minister, United Kingdom
Billion
Current
value of
bilateral
trade
between
India and Sri
Lanka
India-Sri Lanka Strengthen Ties
Emphasise balanced trade growth
THE VISIT
of Sri Lankan President Maithripala
Sirisena to India in mid-February is being hailed
as a new beginning in India-Sri Lanka bilateral
ties. India and Sri Lanka signed agreements and
memorandums of understanding (MoUs) on
enhancing economic and bilateral trade between
the two countries during his four-day visit. Indian
Prime Minister Narendra Modi has always been
proactive about approaching Sri Lanka on increas-
ing defence cooperation. He told the media that
he and Sirisena welcome India-Sri Lanka prog-
ress in “maritime security cooperation, including
in the trilateral format with Maldives.”
Both sides have also entered into an MoU for
stronger trade in the agricultural sector. Express-
ing his support for a more balanced growth in
trade between the two countries, in an official
release Modi said, “President and I are commit-
ted to unlock the vast potential of our economic
cooperation with Sri Lanka.” The two countries
announced a bilateral agreement on civil nuclear
cooperation, a move that was stuck for years
under Sri Lanka’s previous government headed
by Mahinda Rajapaksa. According to reports,
Sirisena will be looking to boost bilateral trade
with India, now standing at around US$ 1 billion.
DATA
BRIEFING
US$ 1
PHOTO BY ISTOCKPHOTO.COM
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