Tuesday Dec 24, 2024
Tuesday Dec 24, 2024
Wednesday, 3 February 2016 00:17 - - {{hitsCtrl.values.hits}}
Senior Government officials and economic advisors meet with Assistant US Trade Representative Mike Delaney (centre) to prepare for upcoming Trade and Investment Framework Agreement (TIFA) talks
Assistant US Trade Representative Mike Delaney discusses ways to boost bilateral trade with Minister of Development Strategy and International Trade Malik Samarawickrama
On 1 February, Assistant US Trade Representative for South Asia Michael J. Delaney visited Colombo and met with Government, trade, and business officials ahead of the upcoming Trade and Investment Framework Agreement (TIFA) talks in Washington.
Delaney met with Minister of Development Strategy and International Trade Malik Samarawickrama and representatives from the Ministry of Foreign Affairs, the Ministry of Public Enterprise Development, the Board of Investments, the Department of Commerce, and the Prime Minister’s office to discuss ways to increase trade and investment.
“Sri Lanka exports more to the United States than to any other country,” said US Ambassador Atul Keshap. “Increasing bilateral trade and investment opportunities will enhance prosperity for all.”
Delaney discussed labour issues with representatives from unions and the Ministry of Labour and Trade Union Relations, as well as listened to perspectives from the private sector with members of the American Chamber of Commerce. Delaney also touched upon intellectual property rights during his meetings in Sri Lanka.
“Sri Lanka is now well-positioned to make important economic reforms,” said Delaney. “If implemented, Sri Lanka could maximise its potential with stronger trade and Foreign Direct Investment (FDI) performances.”
Trade and Investment Framework Agreements provide strategic frameworks and principles for dialogue on trade and investment issues between the United States and partner countries. Agreements serve as a forum for the United States and other governments to meet and discuss issues of mutual interest with the objective of improving cooperation and enhancing opportunities for trade and investment.
