May 6, 2016 Reading Time: 2 minutes
New opportunities following removal of EU fisheries ban. Image credit - depositpo /depositphotos
Reading Time: 2 min read
New opportunities follow removal of EU fisheries ban
The Minister of Fisheries and Aquatic Resources Development, Dilip Wedaarachchi, has stated that the removal of the European Union (EU) ban on fisheries would lead to over 50,000 new employment opportunities.
The ban, which was imposed in October 2014, led to an estimated loss of LKR 4 billion a year in foreign income, and caused the closure of fish export companies and the loss of livelihoods.
Sri Lanka to host World Development Export Forum 2016
The Minister of Development Strategies and International Trade, Malik Samarawickrama, has announced that the World Development Export Forum will be held in Colombo from the 12th of October 2016.
The International Trade Centre Executive Director, Arancha Gonzalez, has stated that Sri Lanka’s central position, in both South Asia and the Indian Ocean, will enable the country to develop into a regional business hub.
President to attend Anti-Corruption Summit in London
The British Prime Minister, David Cameron, has extended an invitation to President Maithripala Sirisena to attend the international Anti-Corruption Summit to begin in London on 12 May.
The summit will bring together world leaders, the business community, and civil society to agree on methods in tackling corruption. Issues of corporate secrecy, government transparency, the enforcements of international anti-corruption laws, and the strengthening of international institutions, will be discussed at the summit.
North Korea begins party congress
The seventh congress of the Korean Workers’ Party begins today in Pyongyang, following a lapse of 36 years.
Analysts expect Kim Jong-un to formally adopt his “Byongjin” policy of simultaneously pursuing nuclear weapons and economic development, while further consolidating his power.
Three Southeast Asian nations to cooperate against piracy
The Philippines, Indonesia, and Malaysia have agreed to conduct coordinated maritime patrols, and to establish a hotline that will combat piracy and kidnappings in their waters.
The decision comes after last month’s kidnapping of ten Indonesian sailors by the Abu Sayyaf militant group who are based in southern Philippines.
Singapore and Australia to develop military facilities
Australia and Singapore will spend AUD 2.25 billion to expand the capacity of Australian military training facilities, which would train up to 14,000 Singaporean troops a year.
This agreement is part of a comprehensive strategic partnership signed between the two countries. The partnership will also include commitments towards open markets and trade.
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