Qatar and Sri Lanka to sign two agreements

Friday, 13 January 2012 00:01 - - {{hitsCtrl.values.hits}}

Sri Lanka is to pen two agreements with Qatar on Investment Promotion and Protection as well as for cooperation in education, higher education and scientific research. The documents will be signed between the two countries during the Qatar President’s visit, which will take place on 15 and 16 January. Emir of Qatar Sheikh Hamad Bin Khalifa Al Thani will make an official visit to Sri Lanka on the invitation of President Mahinda Rajapaksa.

The Qatari delegation will consist of high-ranking officials of the Qatari Government and several leading business tycoons of Qatar, the official Government website said.

On a proposal made by External Affairs Minister Prof. G.L. Peiris Cabinet approval was granted for the proposed agreement to intensify economic cooperation to the mutual benefit of Sri Lanka and the State of Qatar, while creating and maintaining more favourable conditions for investments by investors of both countries.

Meanwhile, on the proposal made by Education Minister Bandula Gunawardena, Cabinet decided to sign a Memorandum of Understanding (MOU) for cooperation in education, higher education and scientific research.

This MoU intends to consolidate friendship ties and promote cooperation in the fields of education, higher education and scientific research between the two Governments, Cabinet Spokesman Minister Keheliya Rambukwella said.

Under the investment agreement, protection and security will be assured for businesses by both countries.