Sri Lankan President, Singaporean PM explore avenues for increased economic involvement

Sri Lankan President Ranil Wickremesinghe held bilateral talks with Singapore’s Prime Minister Lee Hsien Loong on Tuesday (Aug. 22) on the reinforcement of collaborative efforts between the two nations.

Sri Lankan President Ranil Wickremesinghe held bilateral talks with Singapore’s Prime Minister Lee Hsien Loong on Tuesday (Aug. 22) on the reinforcement of collaborative efforts between the two nations.

The two leaders have emphasized the importance of sustained cooperation and explored avenues for increased economic involvement, the President’s Media Division (PMD) said.

In the aftermath of this significant meeting, a pivotal step was taken to solidify the partnership between the Sri Lankan and Singaporean governments with the signing of a Memorandum of Understanding (MoU) on a joint venture on carbon credits.

The PMD said this landmark collaboration falls under Article 6 of the Paris Agreement, a significant framework for global environmental stewardship.