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SL, Indonesia sign 3 MoUs; calls for a comprehensive bilateral FTA

At the invitation of President Maithripala Sirisena, the Indonesian President Joko Widodo, conducted a State Visit to Sri Lanka from 24 – 25 January 2018.

During the visit, President Widodo met with President Sirisena and had bilateral discussions. Recalling the establishment of formal diplomatic relations over 65 years ago, the two Leaders expressed satisfaction on the vibrant, strong bonds of friendship that exist between the two countries, and agreed to further consolidate and expand the relations.

The two Presidents also witnessed the signing of three MoUs in the fields of Search and Rescue (SAR); Higher Education, Research and Technology; and, Cooperation against Trafficking in Narcotic Drugs, Psychotropic Substances and their Chemical Precursors.

Recognising the vibrant maritime connectivity between Sri Lanka and Indonesia, the two Leaders discussed a wide range of issues of mutual interest pertaining to trade and investment, and reaffirmed their commitment to deepen and broaden economic collaboration. They acknowledged the need to harness the untapped potential, which exists in the bilateral economic sphere and emphasised the need for the early establishment of the Joint Working Group on Trade and Investment.

The two Leaders agreed that a joint feasibility study be undertaken for a possible comprehensive bilateral free trade agreement.

President Joko Widodo also met with Prime Minister Hon. Ranil Wickremesinghe and had extensive discussions on a range of issues including investment, trade, economic cooperation and science and technology.

The two leaders acknowledged the positive outcomes of the Business Forum co-organised by the Ceylon Chamber of Commerce and the Indonesian Chamber of Commerce and Industry (KADIN), which was well attended by leading investors and businesspersons from both countries and welcomed the signing of the MoU between the two Chambers.

The Indonesian business delegation comprising members of KADIN which accompanied President Widodo called on Prime Minister Wickremesinghe and discussed enhancing bilateral trade and investment.

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