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Sri Lanka, UK hold talks on further expanding trade and investment ties

Secretary of the Ministry of Foreign Affairs Aruni Wijewardane and Permanent Under Secretary of the Foreign, Commonwealth and Development Office (FCDO) of the United Kingdom Sir Philip Barton have held discussions at the Foreign Ministry in Colombo on Tuesday, January 17, 2023, the Ministry of Foreign Affairs said.  

The Ministry mentioned that constructive bilateral engagement has taken place in the 75th year of UK-SL diplomatic relations.

Foreign Secretary Wijewardane has briefed the UK Permanent Under-Secretary on current developments in the country and the Government’s plans for 2023 as a year of socio-economic stabilization, reconciliation and recovery. Sir Philip Barton encouraged Sri Lanka’s efforts and reiterated the support of the UK in this regard, according to the Foreign Affairs Ministry.

In view of the priority placed by Sri Lanka on economic recovery and growth, Foreign Secretary highlighted the significance of Sri Lanka’s economic partnership with the UK, under the Developing Countries Trading Scheme (DCTS) which provides duty-free access to the UK market, as well as in other sectors such as enhancing UK’s contribution to Sri Lanka’s tourism and skilled labour migration. 

Thus, the two sides have appreciated the potential to further expand trade and investment ties, including reaction to climate change objectives, and in achieving Sri Lanka’s target of achieving 70% renewable energy by 2030.

Meanwhile, both sides reiterated their mutual interest to initiate a Sri Lanka – UK Dialogue in the first quarter of 2023, with a view to elevating the existing multifaceted engagement and working towards achieving tangible results through a result-oriented approach on several areas of mutually beneficial cooperation, the relevant ministry said further.

Foreign Secretary Wijewardane and the Permanent Under Secretary of the FCDO have also appreciated the vibrant people-to-people ties emanating from the significant community of Sri Lankan heritage in the UK. Foreign Secretary Wijewardane apprised the Permanent Under Secretary on the Government’s intent to further engage with the overseas Sri Lankan community to better harness their synergies for mutual benefit. 

It has been agreed to commemorate the 75th anniversary of UK-Sri Lanka diplomatic relations this year in a manner reflective of the long-standing relations in a forward-looking and result-oriented manner, it added.

In an exchange of views on regional and international developments, Foreign Secretary Wijewardena briefed the Permanent Under Secretary on Sri Lanka’s policy priorities in Indian Ocean engagement, as well as the country’s assumption of the Chair of the Indian Ocean Rim Association (IORA) this year.

During the visit, the Permanent Under Secretary Sir Barton called on the Minister of Foreign Affairs Ali Sabry, the State Minister of Finance Shehan Semasinghe and the Chief of Staff to the President Sagala Ratnayaka, according to the Foreign Affairs Ministry. 

Sir Philip Barton was accompanied by the British High Commissioner Sarah Hulton and officials of the British High Commission and the UK FCDO.  Senior officials of the Foreign Ministry also participated in the meeting, it said.

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