COLOMBO: Prime Minister Datuk Seri Najib Razak today was welcomed by Sri Lankan President Maithripala Sirisena at the Presidential Secretariat, before both proceeded to a four-eyed meeting for about 30 minutes.<\/p>\n

The two premieres then joined a bilateral meeting with delegations from both countries for almost an hour, before witnessing the signing of three memoranda of understanding.<\/p>\n

The first MoU between the two governments involved cooperation in the training of diplomats.<\/p>\n

The Malaysian Industry-Government Group for High Technology (MiGHT) signed an MoU with Sri Lanka’s Coordinating Secretariat for Science, Technology and Innovation for cooperation in “Foresight and Science2Action”.<\/p>\n

The third MoU involved Malaysian Bioeconomy Develoment Cooperation Sdn Bhd on a collaboration in science, technology and innovation activities as well biotechnology sector.<\/p>\n

Najib, along with delegates from both sides, will later attend an official luncheon hosted by Sirisena at his residence.<\/p>\n

He will then hold a one-hour roundtable meeting with captains of industry comprising Malaysian, Sri Lankan and international firms mostly in the services sector.<\/p>\n

They include those from telecommunication, information and communication technology, manufacturing, tourism, financial services and agriculture.<\/p>\n

As of 2016, Sri Lanka was Malaysia\u2019s 41st largest trading partner, 33rd largest export destination and 67th largest import source.<\/p>\n

For the same period, Malaysia was Sri Lanka\u2019s 10th largest trading partner, 37th largest export destination and sixth largest import source.<\/p>\n

Malaysia\u2019s total exports to Sri Lanka amounted to US$ 579.9 million last year (Jan-Oct 2017: US$483.4 million).<\/p>\n

Its major exports included petroleum products, palm oil and palm based products, chemical and chemical products, electrical and electronic products and sawn timber and moulding.<\/p>\n

Total imports from Sri Lanka stood at US$59.2 million last year (Jan-Oct 2017: US$60.2 million).<\/p>\n

Malaysia’s major imports included textiles, apparels and footwear, processed food, natural rubber, petroleum products and rubber products.<\/p>\n

Malaysia has a total investment of US$3.1 billion in Sri Lanka with 47 projects spanning 8,335 jobs.<\/p>\n<\/div>\n

Source: New Straits Times<\/p>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

By\u00a0ZURAIMI ABDULLAH\u00a0–\u00a0December 18, 2017 @ 2:51pm COLOMBO: Prime Minister Datuk Seri Najib Razak today was welcomed by Sri Lankan President Maithripala Sirisena at the Presidential Secretariat, before both proceeded to…<\/p>\n","protected":false},"author":1,"featured_media":2808,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[517],"tags":[],"_links":{"self":[{"href":"https:\/\/might.org.my\/wp-json\/wp\/v2\/posts\/2806"}],"collection":[{"href":"https:\/\/might.org.my\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/might.org.my\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/might.org.my\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/might.org.my\/wp-json\/wp\/v2\/comments?post=2806"}],"version-history":[{"count":2,"href":"https:\/\/might.org.my\/wp-json\/wp\/v2\/posts\/2806\/revisions"}],"predecessor-version":[{"id":8176,"href":"https:\/\/might.org.my\/wp-json\/wp\/v2\/posts\/2806\/revisions\/8176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/might.org.my\/wp-json\/wp\/v2\/media\/2808"}],"wp:attachment":[{"href":"https:\/\/might.org.my\/wp-json\/wp\/v2\/media?parent=2806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/might.org.my\/wp-json\/wp\/v2\/categories?post=2806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/might.org.my\/wp-json\/wp\/v2\/tags?post=2806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}