Sri Lanka and Malaysia have agreed to explore the possibility of initiating the Malaysia-Sri Lanka Free Trade Agreement in efforts to promote trade between the two countries. This was agreed upon at a bilateral meeting between President Maithripala Sirisena and Malaysian Prime Minister Najib Razak.
A joint statement issued in conjunction with the visit said Najib and Sirisena had reaffirmed their commitment to further strengthen bilateral trade and investment cooperation.
Both leaders also agreed to deepen the economic engagement for mutual benefits.
Sirisena had assured that Malaysian investors would enjoy a conducive investment climate in Sri Lanka, and invited Malaysian investors to proactively look at the attractive investment opportunities in Sri Lanka.
They welcomed the significant interest shown by Malaysian companies to partake in the business opportunities provided by Sri Lanka.
The Sri Lankan President had also apprised Najib of the current status of the national reconciliation process, constitutional reform and economic development strategies undertaken by the National Unity Government of Sri Lanka. (Bernama)
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