Fri, Mar 31, 2017 | updated 04:12 AM IST

Sri Lanka, Turkey resume trade talks after 26 years

Updated: Nov 13, 2016 17:24 IST

Colombo [Sri Lanka], Nov. 13 (ANI): After a gap of 26 years, Sri Lanka and Turkey held trade talks on Friday as Colombo's trade with Ankara surged by more than 130 percent.

Sri Lankan Minister for Industry and Commerce Rishad Bathiudeen and Turkey Minister for Education Ismet Yilmaz led their respective sides to the talks.

"Turkey is a very important trading partner for Sri Lanka. The strong relationship between the two countries has grown steadily over the past years," the Colombo Page quoted Minister Bathiudeen as saying in the opening statement at the Second Session of the Sri Lanka-Turkey Joint Committee Meeting of Technical and Economic Cooperation in Ankara on November 11.

Recalling that Sri Lanka and Turkey have enjoyed 68 years of formally established diplomatic relations in the recent history, Bathiudeen described the initiative to establish the Sri Lanka-Turkey Joint Committee in 1991 as a landmark in the partnership between the two countries.

Bathiudeen said even though the joint committee between Sri Lanka and Turkey has not been convened for 26 years, the relation between the two sides has flourished, especially since the setting up of resident Diplomatic Missions in Ankara and Colombo in 2012 and 2013, respectively.

Asserting that Sri Lanka's economy offers a great opportunity for both investment and trade within the country and avenues to penetrate the huge South Asian market, he said they aspire to rebuild the country and develop its economy in partnership with friendly countries such as Turkey.

"As a developing middle income country, and considering our strategic location, Sri Lanka will continue to follow open and free market economic policy to promote and expand trade and economic links with the outside world, and work towards being a foremost centre in the region," Bathiudeen said.

The Turkish Minister Ismet Yilmaz suggested the two countries should target a trade volume of US$ 500 million by 2020.

"Relations between both countries span a broad range of aspects. During today's meeting we finalised many areas of cooperation, which is a positive development," he said. (ANI)

Seoul [South Korea], Mar. 31 (ANI): Former South Korean President Park Geun-hye, who was impeached and removed from office earlier this month, was arrested on Friday in a corruption probe on charges including bribery, extortion and abuse of power.

Full Story >>

Washington D.C. [United States], Mar. 31 (ANI): Chinese President Xi Jinping will meet U.S. President Donald Trump next week in Florida, after paying a state visit to Finland.

Full Story >>

Islamabad [Pakistan], Mar. 31 (ANI): Expressing concerns over the safety of Jinnah House, the erstwhile residence of Muhammad Ali Jinnah in Mumbai, Pakistan has asked India to protect the property.

Full Story >>

New Haven (Connecticut) [United States], Mar.30 (ANI): Raheel Khursheed, head of news partnerships for Twitter India and South East Asia, has been named a 2017 World Fellow.

Full Story >>

Lahore [Pakistan], Mar.30 (ANI): A prominent local leader of the Ahmadi community and a relative of Nobel laureate Abdus Salam was gunned down in Nankana Sahib on Thursday morning.

Full Story >>

Newly appointed Indian envoy calls on Nepal PM

Updated: Mar 30, 2017 13:01 IST

By Binod Prasad Adhikari

Full Story >>

Peshawar (Pakistan), Mar. 30 (ANI): The Khyber-Pakhtunkhwa Cabinet has allowed state-owned companies to conduct business under the Public-Private Partnership Act of 2014 for the China-Pakistan Economic Corridor (CPEC) projects.

Full Story >>

Dhaka [Bangladesh], Mar. 30 (ANI): As Bangladesh Prime Minister Sheikh Hasina is set to pay a four-day state visit to India from April 7, her political advisor, Hossain Toufique Imam on Thursday while commenting on the possible defence agreement said the priority of both the countries is first to get rid of Inter-Services Intelligence (ISI) bases, adding that it will be a landmark visit.

Full Story >>

Honulolu (Hawaii), Mar. 30 (ANI): A federal judge in Hawaii has extended the order of the revised travel ban executive order.

Full Story >>

Washington D.C. (U.S), Mar. 29 (ANI): America has honoured its heroes on the first-ever National Vietnam War Veterans Day.

Full Story >>

55-carat Indian gem to be auctioned in London

Updated: Mar 30, 2017 07:16 IST

London [UK], Mar. 30 (ANI): A 55-carat Indian gem, a ruby-red spinel , will be auctioned at Sotheby's Arts of the Islamic World sale in London on April 26 .

Full Story >>

Ankara [Turkey], Mar. 30 (ANI): Turkish Prime Minister Binali Yildirim announced the end of Turkish-led Operation Euphrates Shield, which began in August last year to eliminate the Daesh presence in northern Syria.

Full Story >>

New York [USA], Mar. 30 (ANI): A top U.S. general has said it's "fair to assume" that Russia is providing support to the Taliban in Afghanistan.

Full Story >>

Washington D. C. [USA], Mar. 30 (ANI): The Senate Intelligence Committee has asked 20 people to be questioned in its investigation of Russian interference in last year's presidential election.

Full Story >>

12 killed, 3 injured in Texas church bus crash

Updated: Mar 30, 2017 05:13 IST

New York [USA], Mar. 30 (ANI): At least 12 people were killed and three others injured in a head-on crash Wednesday between a church bus and pick-up truck in southwest Texas.

Full Story >>

Islamabad [Pakistan], Mar. 30 (ANI): Pakistani Finance Minister Ishaq Dar has said the Dawn leaks' inquiry report will be published, unlike findings of other commissions in the past.

Full Story >>

Washington D. C [USA], Mar. 30 (ANI): U.S. President Donald Trump's elder daughter Ivanka Trump will become an official government employee, joining her husband Jared Kushner in serving as an unpaid advisor to her father in the White House.

Full Story >>

London [UK], Mar. 30 (ANI): Hours after the Britain invoked Article 50 to start the formal process of Brexit, German Chancellor Angela Merkel dealt an instant blow to British Prime Minister Theresa May's plan of holding trade talks at the same time as Article 50 secession negotiations.

Full Story >>

London [UK], Mar. 30 (ANI): Prime Minister Theresa May has been accused of threatening to use the safety of British and European citizens as a bargaining chip in Brexit talks.

Full Story >>

Dubai [UAE], Mar. 29 (ANI): The United Arab Emirates (UAE) Cabinet today approved a decision to grant Indian passport holders 'visa on arrival' provided they have a valid US visa or a green card holder.

Full Story >>