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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2423

Sri Lanka & Japan to initiate discussions on a Trade Arrangement

Tokyo, 04 June, (Asiantribune.com):

Admiral Wasantha Karannagoda, Ambassador of Sri Lanka to Japan, met with the Vice Minister for International Affairs, Mr. Norihiko Ishiguro, of Ministry of Economy, Trade & Industry [METI], last week, to discuss key issues prior to the commencement of “Inter-governmental Economic Policy Dialogue” between the two countries in the context of a trade arrangement.

As a result of a series of such discussions, the METI of Japan has agreed to send a delegation to Sri Lanka, in the immediate future, to conduct preliminary discussions in this context.

The Embassy of Sri Lanka in Tokyo has been working with Ministry of Economy, Trade & Industry [METI] of Japan since July of 2012 to have a viable Economic and Trade Arrangement between the two countries. During the last two years, the Embassy has had eight rounds of discussions with the Vice Ministers and with senior most officials of the METI in order to map out seminal courses of action to enhance economic, investment and commercial engagement with Japan, in all spheres, by entering into a viable trade arrangement or agreement with Japan.

Japan has Economic Partnership Agreements [EPAs] with ASEAN, India, Singapore, Chile, Brunei, Peru, Vietnam, Indonesia, Thailand, Myanmar, Malaysia, Philippines, Switzerland and Mexico, among others respectively.

It may also be stated that for both the countries to have a result oriented, focused and practicable trade arrangement/agreement, similar to that of the listed countries, would be most opportune at this juncture, since Japan would be hosting the Olympics in 2020 and Sri Lanka could extend the much needed human resources, both skilled and semi-skilled, to meet the demands.

During the meeting, the Vice Minister Norihiko Ishiguro was accompanied by the Deputy Director General, Mr. Eiya Iida; Director for Trade Policy, Mr. Mikio Aoki; and Deputy Director of Southwest Asia office of METI, Mr. Takashi Shimokyoda. Ambassador Admiral Karannagoda was associated with the Deputy Chief of Mission Saj Mendis, and Commercial Counsellor D. D Premaratne, during the discussions with the Vice Minister of METI.

- Asian Tribune -

 Sri Lanka & Japan to initiate discussions on a  Trade Arrangement
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