Categories: PoliticsHeadlines

‘BIMSTEC must establish rules-based system’

State Minister of Foreign Affairs Vasantha Senanayake says the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation should work to establish a rules-based system, guaranteeing freedom of navigation for maritime commerce, addressing maritime security threats by non-state actors.

Addressing the 16th BIMSTEC Ministerial Meeting in Kathmandu, Nepal the State Minister acknowledged that BIMSTEC has made significant strides in increasing cooperation among nations in the Bay of Bengal region.

Despite achieving economic growth, poverty and growing inequality continue to plague the region, State Minister Senanayake said efforts are needed to address the needs of the people in a sustainable manner.

The State Minister added Sri Lanka remains fully committed to this process of the Trade Negotiating Committee.

Senanayake noted the tourism sector makes a remarkable contribution to the economies of the adding Sri Lanka is pleased to have made considerable progress in the sector in the past years and looks forward to promoting Buddhist circuit tourism together with BIMSTEC Member States.

AddThis Website Tools
Lankanewspapers

Recent Posts

LNP – Travel ban issued on MP Rohitha Abeygunawardena’s daughter and son-in-law

LNP – Travel ban issued on MP Rohitha Abeygunawardena’s daughter and son-in-law

A travel ban has been imposed on the daughter and the son-in-law of New Democratic…

7 hours ago
LNP – ASPI records new all-time high

LNP – ASPI records new all-time high

The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) closed at an…

12 hours ago
LNP – State revenue up by nearly 20% in first five months of 2025

LNP – State revenue up by nearly 20% in first five months of 2025

The state revenue has surged to Rs. 1,942.36 billion during the first five months of…

12 hours ago

LNP – No exceptions for Dudley Sirisena in tank reservation clean-up: Lal Kantha

Agriculture, Livestock, Lands and Irrigation Minister K.D. Lal Kantha denied claims that a hotel owned…

14 hours ago

LNP – Indictments served against Mahindananda and Nalin Fernando in new case

Former ministers Mahindananda Aluthgamage and Nalin Fernando, both currently serving prison sentences, along with former…

15 hours ago

LNP – Sri Lanka to procure US West Texas Intermediate crude oil?

The government is reportedly looking at the possibility of procuring US West Texas Intermediate (WTI)…

15 hours ago