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Ali Sabry - Bangladesh wants to boost trade with Sri Lanka - newsfirst.lk - India - Sri Lanka - Bangladesh - Burma
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Bangladesh wants to boost trade with Sri Lanka
COLOMBO (News 1st) – Bangladesh Foreign Minister Dr A K Abdul Momen has underscored the need for setting up direct shipping connectivity with Sri Lanka to boost trade relations between Bangladesh and the South Asian nation.He also emphasised the resumption of negotiations for the early conclusion of the Preferential Trade Agreement (PTA) between the two countries.Bangladesh's foreign minister put the importance while holding a meeting with his visiting Sri Lankan counterpart Ali Sabry on Wednesday on the eve of the 22nd ministerial meeting of the Indian Ocean Rim Association (IORA) in the capital, a foreign ministry press release said on Thursday.During the meeting, the two leaders discussed the wide spectrum of bilateral relations and expressed hope to work closely together for the betterment of the two peoples and inclusive development of the region.Momen urged Sri Lanka to increase the import of agricultural products and pharmaceuticals from Bangladesh at an affordable price.Sri Lankan foreign minister said that his country is keen to work in close partnership with Bangladesh.The two leaders agreed to expedite the completion of the formalities to form an institutional platform to hold regular and comprehensive dialogues between the two countries at the level of foreign minister.The issue of mutual support for each other's candidature at various international fora was also discussed with due importance.Momen also sought support from Sri Lanka in repatriating the forcibly displaced Myanmar nationals sustainably.
Sri Lankans - Lost at Sea: Skipper not among Sri Lankans taken to Vietnam - newsfirst.lk - Japan - Sri Lanka - Canada - Vietnam - Burma
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Lost at Sea: Skipper not among Sri Lankans taken to Vietnam
COLOMBO (News 1st) – Authorities in Vietnam have reported that the skipper of the large migrant boat that was rescued by its Navy was not among those who were rescued.Vietnam media quoting the rescued Sri Lankans reported that the captain of the iron-hulled ship LADY R3 abandoned the boat after it started drifting at sea, and then did not return.A border guard commander of Ba Ria – Vung Tau province had also confirmed the information.A Sri Lankan man had reportedly said that his group had traveled from Sri Lanka to Myanmar and from there they had boarded the LADY R3 boat to travel to Canada by sea.It is unclear if all 303 Sri Lankans traveled together or in groups to Myanmar, and how they made it to Myanmar, as investigations are pending.Before 303 Sri Lankan citizens were rescued by the Helios Leader Vessel on the afternoon of November 6th, their ship had been stalled for nearly 40 hours, unable to maneuver and was drifting freely. On the afternoon of November 8th, when the SAR 413 vessel from the Vietnamese Coast Guard organized to welcome the 303 Sri Lankan citizens from the Helios Leader vessel to shore, initially four men got off the ship, the rest refused to get off despite the persuasion of the Honorary Consul of Sri Lanka, who took an entire hour to pursuade them to leave the Japanese freighter.At this time, the authorities considered the option for these four people to return to the Helios Leader, but they refused and said that if they returned, they would be beaten. Thereafter, all 303 Sri Lankans were taken off the Helios Leader in batches and brought ashore.For humanitarian reasons, the Ba Ria – Vung Tau Provincial Command for Natural Disaster Prevention and Control and Search and Rescue has arranged for 303
Sri Lankans - Migrant Rescue: Sri Lankans were in a Myanmar-flagged trawler - newsfirst.lk - China - Japan - Sri Lanka - Canada - Libya - Cuba - Turkey - Vietnam - Haiti - Burma - city Ho Chi Minh City
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Migrant Rescue: Sri Lankans were in a Myanmar-flagged trawler
COLOMBO (News 1st) – In an unusual rescue operation in the South China Sea on Monday (7) , a migrant vessel attempting to make a transpacific voyage was rescued off the coast of Vietnam.More details about this dramatic rescue have surfaced following revelations made by the Vietnamese media.Migrant vessels are frequently rescued off Cuba, Haiti, Libya and Turkey, but these are generally small, improvised craft on regional journeys. The Myanmar-flagged trawler Lady R3, saved by a good samaritan ship off the coast of Vietnam yesterday, was none of these things. This substantial steel-hulled fishing vessel was attempting to make it all the way from Myanmar to Canada – another 6,000 nm away on a Great Circle route  – in order to deliver more than 300 Sri Lankan nationals to a new country. Vietnamese authorities in the southern province of Ba Ria-Vung Tau, in coordination with representatives from the Sri Lankan Consulate General in Ho Chi Minh City, have welcomed more than 300 Sri Lankans who were saved by a Japanese freighter, after their boat faced a serious incident in the waters off the Vietnamese town.No injuries were reported, and Helios Leader transited to Vung Tau's sea buoy in order to meet up with the Vietnamese Coast Guard and transfer the survivors.At 8:30 p.m.
Bangladesh issues precautionary measure against Sri Lanka, SL trade at risk - newsfirst.lk - Iran - India - Sri Lanka - Bangladesh - Burma
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Bangladesh issues precautionary measure against Sri Lanka, SL trade at risk
COLOMBO (News 1st) – The Central Bank of Bangladesh last week issued a circular advising all authorized dealers, including banks, to refrain from transactions with Sri Lankan banks through the Asian Clearing Union (ACU) system.The move has been made in response to the "self-motivated decision by the Central Bank of Sri Lanka (CBSL)  to remain temporarily suspended from ACU mechanism with effect from October 14th".Accordingly, all authorized dealers have been advised not to do any trade and trade related transactions with Sri Lanka through the ACU mechanism.The Asian Clearing Union was created among the South Asian Nations in order to provide trading facilities among the South Asian Nations, plus Iran and Myanmar as members in 1974. Within the ACU, all eligible transactions between member countries are required to be settled through the Asian Clearing Union. The unit of settlement of ACU transactions is a common unit of account of ACU, which is equivalent to one USD.In case of importation of materials into a country, it would be debited to the account of that specific country at the Asian Secretariat, and the balance is settled every two months through the ACU in hard currency.With this new move, it would halt the possibility of conducting any transactions between Bangladesh and Sri Lanka through the ACU. However, when New1st inquired on the matter from former Deputy Governor of the Central Bank of Sri Lanka Dr.
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