President Sang’s visit deepens relations with Sri Lanka

Vietnam’s consistent policy is to attach importance to and enhance the traditional friendship with Sri Lanka both in depth and on a wide scale.
Vietnam’s consistent policy is to attach importance to and enhance thetraditional friendship with Sri Lanka both in depth and on a wide scale.

PresidentTruong Tan Sang made this statement in an interview granted to theDaily Financial Times on Oct. 13 on the occasion of his State-levelvisit to Sri Lanka.

President Sang said the traditionalrelations, friendship and cooperation between Vietnam and Sri Lanka haveseen fine developments. The two countries have promoted meetings at alllevels, closely coordinated with each other and provided mutual supportat international forums, including the United Nations and theNon-Aligned Movement.

Sang went on to say that the two countries’economic relations have also seen fine developments, with two-way traderising from 30.1 million USD in 2000 to more than 93 million USD in2010. Sri Lanka now has seven investment projects in Vietnam, with acombined registered capital of 13.5 million USD.

However, the President noted, the results failed to match the two countries’ potential and diplomatic relations.

PresidentSang expressed his belief that the two countries will put forwardorientations for specific cooperation at the upcoming third session ofthe Vietnam-Sri Lanka Joint Commission to implement agreements reachedduring this visit, contributing to bringing the Vietnam-Sri Lankarelations to a new height.

There remained a huge potential forbilateral economic, trade and investment cooperation, affirmed theVietnamese President, emphasising the need to focus on fields withstrengths such as oil and gas, agriculture, seafood, breeding,education, culture, tourism and construction.

Sang said bothsides have targeted a two-way trade value of 500 million USD by 2015under which Vietnam will increase exports of farm, consumer andelectronic products, farm machinery, rubber, seafood electromic goodsand construction materials to Sri Lanka and import products that arestrengths of Sri Lanka.

President Sang said that through hisfirst visit to South Asia, Vietnam wants to further promote friendlycooperation with countries in the region, including Sri Lanka.

Heexpressed his optimism about prospects for developing the relationship,saying he believed that the visit will help boost the two countries’close and trustful political relations and economic, investment andtrade cooperation and open opportunities for cooperation in variousfields.

The visit is also an opportunity to increase the in-depthdiscussion of issues of peace and development cooperation in the regionand the world, Sang said./.

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