Sirisena, Rouhani to sign new MoUs

Sri Lankan President Maithripala Sirisena, who is on a two-day state visit to Iran, is set to meet his Iranian counterpart Hassan Rouhani on Sunday.

During his visit, the Sri Lankan President is expected to obtain many economic and developmental benefits for Sri Lanka, Colombo Page reported.

In the meeting, the two leaders are expected to sign new Memorandum of Understandings (MoUs) to further strengthen the economic and trade ties between the two countries.

Iran being one of the largest oil and natural gas producing and exporting nations in the world, provides assistance to many development activities in Sri Lanka.

The Government of Iran has invested in Sri Lanka's oil refinery to double its output capacity and reduce the cost of importing refined fuels. Iran also supports Sri Lanka to meet the rural electricity demand.

President Sirisena is also scheduled to attend a special Investment and Trade Forum organized by the Iran Chamber of Commerce.

After assuming duties as President, this is Sirisena's first state visit to Iran.