Sri Lanka, Norway welcome private sector cooperation to boost trade and investment, SDGs

Recognising that Sri Lanka is well positioned to become a trading and maritime hub, Norway and Sri Lanka have welcomed private sector cooperation to enhance trade and investment between the two countries.

A joint statement, issued by Prime Minister Ranil Wickremesinghe and Norway’s Prime Minister Erna Solberg at a press conference after their meeting in Oslo, Norway, on Friday, said the blue economy was a cornerstone of both the Norwegian and Sri Lankan economies, and both countries were committed to the implementation of the Sustainable Development Goals (SDGs).

Private sector engagement will be indispensable in the coming years, as innovative and knowledge-based partnerships, in particular with the private sector, are a prerequisite for successful implementation of the SDGs, the two leaders said.

Norway and Sri Lanka will explore further cooperation in areas such as innovation and ocean-technology, fisheries and aquaculture, and sustainability of fish resources.Both countries also recognise the potential for enhanced private sector cooperation within the information and communications technology (ICT), renewable energy and maritime sectors.Commending Sri Lanka for cooperating with other states in the Bay of Bengal region and leading an international dialogue on the sustainable management of their ocean resources, Norway has invited Sri Lanka to participate in the ‘Our Ocean Conference’ to be held in Norway in October 2019.

The full statement is reproduced below:

Joint Statement ....

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