Iran, Sri Lanka to Expand Economic Cooperation ; 2030 Nuclear Power Collaboration

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Iran, Sri Lanka to Expand Economic Cooperation
FARS News Agency
17/02/2019
a close up of a piece of paper: Iran, Sri Lanka to Expand Economic Cooperation © Provided by FARS News Agency Iran, Sri Lanka to Expand Economic Cooperation

Sri Lankan Ambassador to Iran Mohammad Sharif Anis said that his country is after bolstering economic relations with Iran, voicing hope that the upcoming opening of Tehran-Colombo direct flights further improve interactions between the two countries.

Anis said on Saturday in a meeting with economic activists in Iran’s central province of Yazd, that promoting economic relations between his country and Yazd province will benefit both countries.

He added that efforts are underway to pave the ground for investment, concluding necessary deal and communications with industrial and production activists.

Referring to Sri Lankan capacities, he mentioned tower building, construction materials, road and bridge building as suitable areas for investment by the Iranian companies.

Tehran-Colombo direct flight will soon become operational which can help promote tourism and economic activities, he said.

Early in August, Iranian Foreign Minister Mohammad Javad Zarif visited the South Asian country and met with his Sri Lankan counterpart Tilak Janak Marapana in Colombo where the two sides discussed bilateral relations, specially in economic fields.

During the meeting in the Sri Lankan capital, the Iranian and Sri Lankan foreign ministers explored avenues for bolstering and reinvigorating mutual cooperation in trade and economic areas, including in energy, petrochemicals, construction, banking and agriculture.

The two sides also examined closer cooperation on global issues.

Zarif and Tilak Janak Marapana also held a second round of meeting on Wednesday, and studied the most important regional and international issues and other topics of interest.

The second round of talks between the two foreign ministers took place while discussing the most important regional and international issues and other topics of interest.

Iranian foreign minister also held met with Sri Lanka's Prime Minister Ranil Wickremesinghe on Wednesday and exchanged views on different regional and international topics.

In a relevant development in late April 2018, Iranian Parliament Speaker Ali Larijani in a meeting with Sri Lankan Prime Minister Ranil Wickremesinghe in Colombo underlined the need for enhancing mutual cooperation between the two countries.

"Considering the age-old trade relations between Iran and Sri Lanka, the chambers of commerce of the two countries can play a bold role with their familiarity with the areas of cooperation,” Larijani said during the meeting in the Sri Lankan capital.

https://www.msn.com/en-xl/middleeas...nka-to-expand-economic-cooperation/ar-BBTJKw4


Related

Sri Lanka and Iran: The 2030 Nuclear Power Plant and Iranian Support

In September, Sri Lanka announced its plan to build its first nuclear power plant within the next 20 years. The Sri Lankan Secretary of the Ministry of Power and Energy said that they would get safety approval from the International Atomic Energy Authority. He did not mention what role Iran - a staunch, historic ally and the island nation’s main energy supplier - would play in Sri Lanka’s nuclear ambitions. A 2007 US Department of State cable leaked by WikiLeaks disclosed that the US had warned Sri Lanka to be cautious about its tight economic relationship with Iran and to stop its arms purchases from that nation. Are Sri Lankan nuclear energy ambitions a sign of it seeking a measure of independence from Iranian oil, or is it an expression of increased solidarity with an incipient nuclear Iran? In 2007, the US Ambassador to Sri Lanka urged Sri Lanka "to be very scrupulous" in entering into any new trade or investment deals with Iran.
http://www.ipcs.org/comm_select.php?articleNo=3331
 
On a side note:

[h=3]Sri Lanka rejects fears of China’s ‘debt-trap diplomacy’ in belt and road projects[/h]22 Apr, 2019

Sri Lanka’s top envoy to China has said the island nation will never default on its loans and will meet its obligations to lenders this year – expected to amount to US$5 billion – despite being caught in an intense debt crisis.

“I believe even for the rest of this year we’ll be able to manage, and next year onwards, we’ll still have to pay back, but not such a heavy obligation. Therefore, by 2020 onwards, our situation would be much more favourable. We’ll be able to invest more capital from our own funds for development, including improvement in the quality of people’s lives.”

Kodituwakku was speaking to the South China Morning Post at the Sri Lankan embassy in Beijing earlier this month, before the devastating Easter Sunday bombings, which have so far killed at least 290 people.



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