Monday, November 29, 2010

Zardari, MR agree to enhance economic, defence cooperation

Regional peace, money laundering, fight against militancy also discussed
by Zacki Jabbar

Pakistan and Sri Lanka yesterday agreed to work towards enhancing economic and defence cooperation.

Diplomatic and government sources told The Island, that the decision had been taken during one-to one talks between the visiting Pakistan President Asif Ali Zardari and Sri Lankan President Mahinda Rajapaksa, in Colombo.

They said that Zardari’s four-day state visit, which commenced on Saturday, was aimed at further strengthening bilateral relations between the two countries which dated back to Buddhist civilisation.

Sources said that regional peace, stability, money laundering and the fight against militancy had also figured in the discussions between the two leaders.

"The other areas agreed on were connectivity and cultural exchanges. Tourist,educational, technology and media sector exchanges were also discussed. The Pakistan Presidents visit is part of a long tradition of high-level contacts between the two countries," sources said.

Pakistani diplomatic sources said that Pakistan had stood by Sri Lanka in good and bad times and expected the same solidarity with Pakistan now.

"The security situation in Sri Lanka was never an issue for us to do business or visit there. We expect the same solidarity now. The situation in Pakistan is not so bad as it is made out to be by some media groups with vested interests," they said.

External Affairs Minister Prof. G. L.Peiris, asked to comment on his discussions with Zardari on the question of regional peace stability and the fight against militancy, told The Island that no country could act in isolation and that SAARC had to adopt a joint approach on the issue.

Money laundering, he said, was an equally serious problem that had to be tackled together as it was fast spreading its tentacles.

Prof. Peiris said: "The important thing is that violence is behind us and there is a huge scope for economic and social development. We discussed political, economic, social and cultural cooperation. Broad agreement was reached on enhanced bilateral trade in tea, sugar, betel leaves, edible oils etc. President Zadari will have a meeting the Sri Lankan Chambers of Commerce tomorrow, where the specifics will be gone into."

Sri Lanka-Pakistan bilateral trade has increased from US$ 150 million to around US$ 350 million since the Free Trade Agreement signed in 2002 became operational in 2005. The two countries are also exploring the possibility of establishing an Investment Bank.

President Zardari, who is being accompanied by a forty member delegation that includes Pakistan’s Foreign Minister Shah Mehmood Qureshi, Defence Minister Ahmed Mukthar and Board of Investment Chairman Saleem Mandaviwallais scheduled to visit Parliament this morning in connection with the revival of the Sri Lanka-Pakistan Parliamentary Friendship Association (SLPPFA.)

Sources said that the SLPPFA would function as a bipartisan grouping aimed at enhancing inter Parliamentary coordination and mutual support.



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