Wednesday Nov 20, 2024
Wednesday Nov 20, 2024
Wednesday, 20 February 2013 00:54 - - {{hitsCtrl.values.hits}}
In a fresh boost to Sri Lanka’s international trade push, the global trade body World Trade Organisation (WTO) is stepping up its support to the country.
“We thank WTO for its latest support initiatives on Sri Lanka. As a founder member of the WTO, we too are well committed to the WTO 
policy framework,” said Minister of Industry and Commerce Rishad Bathiudeen on Thursday, 14 February.
Minister Bathiudeen said this upon learning the WTO’s newest offer from Nimal Karunatilake, the newly-appointed Sri Lankan Ambassador and Permanent Representative to the WTO in Geneva.
On 13 February, WTO Director General Pascal Lamy had informed Ambassador Karunatilake that the WTO was willing to give more trade capacity and technical assistance to trade-related institutions in Sri Lanka.
Lamy was addressing Karunatilake after the latter presented his credentials to the former at the WTO headquarters in Geneva.
Karunatilake is the sixth Lankan Ambassador to present credentials to the world trade facilitation body with a global membership accounting for 97% of global trade. Karunatilake holds a career record of nearly 28 years at the Department of Commerce, Colombo, and his previous overseas assignments include Sri Lanka Missions in Baghdad, Tokyo, Manila, Paris, and Washington D.C.
“The WTO appreciates Sri Lanka’s long-term commitment. In fact Sri Lanka was a founder member of the WTO, a fact we respect highly,” said Lamy, who thereafter briefed Karunatilake on the current state of play in the Doha Round of Trade Negotiations, which is commonly known as the Doha Development Agenda (DDA), with special emphasis on areas where the WTO Members have been able to achieve a considerably progress in consensus building.
Apprising Director General Lamy, Ambassador Karunatilake said: “Sri Lanka, being a founder member of both the GATT and the WTO, remained committed to the rule-based, multilateral trading system in promoting global trade. Sri Lanka was the first South Asian state to introduce market-friendly economic reforms and the unilateral trade liberalisation measures introduced as far back as 1970s made Sri Lanka one of the most business-friendly nations in the region. We hope that any eventual outcome of the DDA would effectively address the specific issues and challenges faced by small and vulnerable economies like Sri Lanka.”
He added: “An early conclusion of the DDA would particularly be beneficial to the Sri Lankan economy, which was going through a crucial phase of transition after nearly three decades of terrorism.”
Stressing Sri Lanka’s appreciation for the WTO’s support, Ambassador Karunathilleke said: “Sri Lanka was deeply appreciative of the valuable cooperation the WTO continued to extend toward trade-related capacity building in Sri Lanka through various training programs and awareness creation seminars. Sri Lanka is looking forward to a successful outcome of the DDA that would benefit all stakeholders.”
