Sri Lanka and Japan have decided to hold an Economic Policy Dialogue at the Senior Officials’ level in the first half of 2016, as a framework to consider concrete measures for future enhancement of economic cooperation, a Joint Declaration on Comprehensive Partnership between Japan and Sri Lanka released last week stated. Accordingly, Japanese Prime Minister Shinzo Abe and Sri Lanka Prime Minister Wickremesinghe have decided to deepen cooperation in multifaceted fields under a “Comprehensive Partnership” such as promotion of investment and trade, cooperation on the national development plan in Sri Lanka and national reconciliation and peace building.

Wickremesinghe paid an official visit to Japan from 4 to 7 October 2015 on the invitation extended by the Prime Minister of Japan, His Excellency Shinzo Abe.

Both leaders welcomed the Sri Lanka Business Seminar organized by JETRO on 6 October 2015 and the business match-making for the IT industry initiated by JETRO in 2014.

Recognizing the importance of Sri Lanka as an investment partner in South Asia, both leaders decided to make maximum use of the Public-Private Joint Forum and Joint Business Co-operation Committee, as well as the Japanese investment promotion advisor attached to the Board of Investment of Sri Lanka for the promotion of trade and investment.