In a recent development, President Ranil Wickremesinghe engaged in discussions with Singapore’s Prime Minister Lee Hsien Loong. The main agenda of these talks was to reinforce the cooperative efforts between the two nations. The leaders underscored the enduring importance of working together and explored ways to boost their economic involvement.
Following this significant meeting, a pivotal step was taken to solidify the partnership between the Governments of Sri Lanka and Singapore.
This milestone was reached through the successful signing of a Memorandum of Understanding (MoU), which focuses on a joint initiative centered around carbon credits. This groundbreaking partnership aligns with Article 6 of the Paris Agreement, a crucial framework for worldwide environmental care.
The MoU was officially signed by Sashikala Premawardhane, the High Commissioner of Sri Lanka to Singapore, and Beh Swan Gin, the Permanent Secretary (Development) at the Ministry of Trade and Industry. The signing ceremony was graced by the presence of President Wickremesinghe and Prime Minister Lee. Notable figures accompanying President Wickremesinghe included Chief-of-Staff and National Security Advisor Sagala Ratnayaka, Senior Advisor on Climate Change Ruwan Wijewardena, and Senior Advisor on Economic Stabilisation Dr. R.H. S. Samaratunga.
The assembly of these key individuals underscores the seriousness and significance of this agreement. This strategic partnership not only demonstrates the commitment of both nations to environmental responsibility but also sets the stage for further collaboration in various sectors, ultimately paving the way for a prosperous and sustainable future.