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Pakistan and Sri Lanka agree to reactivate joint task forces to eliminate trade barriers




ISLAMABAD: Pakistan and Sri Lanka have agreed to reactivate the Joint Working Group (JWG) forum to resolve outstanding technical issues between the two trading partners.

The agreement was reached during the 7th session of trade secretary-level talks between the two countries, which was held on February 18, according to a statement from the Ministry of Commerce on Saturday.

The meeting took place ahead of Prime Minister Imran Khan’s visit to Sri Lanka on February 23-24, 2021.

According to details shared by the Commerce Ministry, the two sides decided to hold the next JWG meeting in the first half of 2021 to find ways to effectively harness the real potential of the free trade agreement signed between the two countries.

The article continues after this announcement

On the Pakistani side, the Pakistani delegation was led by MoC Special Secretary Dr Muhammad Sohail Rajput, while Commerce Secretary JM Bhadranie Jayawardhana represented the Sri Lankan side.

Delegates engaged in productive and meaningful discussions on strengthening trade ties and resolving trade barrier issues, the MoC said. Prospects for enhancing trade through mutual cooperation and facilitation were also discussed.

The heads of the two delegations stressed the need to use this forum to further strengthen the existing bilateral trade and investment ties between the two countries. They also approved the text of the Memorandum of Understanding in the area of ​​investment and decided that it would lead to new avenues for bilateral investment.

The Sri Lankan side acknowledged that Pakistan was a long-standing trading partner and a closer ally, adding that Sri Lanka looked forward to Prime Minister Imran Khan’s next visit to Colombo.

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