The sixth US-Sri Lanka Trade and Investment Framework Agreement (TIFA) Council meeting concluded in Washington DC on Thursday, the Office of the US Trade Representative has announced.
The US delegation was led by Deputy United States Trade Representative John Veroneau, while Gamini Lakshman Peiris, Minister for Export Development
and International Trade, led the Sri Lankan delegation.
“We are honored to play a role in supporting Sri Lanka’s economic
development by enhancing opportunities for trade, particularly in the wake of
the tsunami that devastated so much of Sri Lanka in late 2004,” Ambassador
Veroneau stated, going on to add that:
“Today’s meetings served to identify areas of common interest and
deepen our commitment to expanded bilateral trade and investment between our
two countries.”
“Sri Lanka continues to value the importance of long-standing trade and
political relations with the United States of America, which is the largest
single market for its exports,” Minister
Peiris announced, further adding that:
“The TIFA process provides an ideal platform for the two countries to engage in a constructive dialogue in further enhancing these relations for their mutual benefit."
"Enhancing market access for its exports and promoting close
cooperation for capacity building in areas such as IPR, customs, anti-dumping
and countervailing duties, information technology, etc., rank very high on Sri
Lanka’s agenda in this context.”
US and Sri Lankan officials reviewed progress in addressing bilateral trade
and investment issues identified at the last TIFA Council meeting in November
2006, including common interests on which the two countries can work together
to facilitate expanded trade and cooperation.
They discussed the status of the ongoing WTO/Doha negotiations, Sri Lanka’s use of the US Generalized System of Preferences (GSP) program, and US trade capacity building assistance to Sri Lanka.
In addition, the TIFA Council discussed issues affecting US exports, such as Sri Lanka’s agricultural biotechnology policies, import tariffs, intellectual property rights protection, and transparency in government procurement.
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