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Lanka to set up secretariat with Japan to expand cooperation

Press Trust of India  |  Colombo 

today said it will set up a secretariat with to expand cooperation in several areas including agriculture, science and technology for industries and advanced infrastructure.

The - Joint Comprehensive Partnership Secretariat will be set up in Colombo and Tokyo to facilitate a co-operation arrangement with agreed upon during the official visit of Prime Minister Ranil Wickremesinghe to Tokyo in October 2015.

The two governments had agreed to work on cooperation covering the areas of advanced agriculture, science and technology for industries, advanced infrastructure and regional development, education and human resources development, and civil security and safety.

The Cabinet of ministers approved the proposal to establish the Joint Comprehensive Partnership Secretariat in Colombo and Tokyo for facilitating the cooperation, the Government Information Department said.

The Cabinet has also approved a proposal by the Prime Minister to sign exchange notes with the government of Japan to obtain a development policy loan facility.

The Japan International Cooperation Agency (JICA) has agreed to provide funds for the development process of the government considering the sectors of achieving the economic stability of through financial stability of Sri Lanka, improvement of public resources management and facilitating public-private competition.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 31 2016. 16:42 IST