Current location:sport >>
Sri Lanka to join Regional Comprehensive Economic Partnership: president
sport8People have gathered around
Introduction(Xinhua) 16:59, February 07, 2024COLOMBO, Feb. 7 (Xinhua) -- Sri Lankan President Ranil Wickremesing ...
COLOMBO, Feb. 7 (Xinhua) -- Sri Lankan President Ranil Wickremesinghe Wednesday said his country plans to join the Regional Comprehensive Economic Partnership (RCEP).
The president said at the inauguration of the fifth session of the ninth parliament that there has been a significant turnaround in the nation's economic landscape.
Presenting his policy statement, Wickremesinghe said that despite the 1.9 percent gross domestic product (GDP) deficit in 2022, Sri Lanka achieved a surplus by the end of 2023, marking the first such occurrence since 1977.
He said the country's tax registrations have surged from 437,547 to 1,000,029 between 2022 and 2023, and inflation, which stood at 50.6 percent last year, has dramatically decreased to a mere 6.4 percent today.
Wickremesinghe also revealed that there has been a substantial increase in tourist arrivals.
From 194,495 visitors in 2021, arrivals surged to 1,487,303 in 2023, with over 200,000 tourists visiting in January this year, he said, projecting a further increase in annual tourist arrivals to 5 million in the future.
Wickremesinghe added that despite a 7.8 percent GDP contraction and six consecutive quarters of negative growth since 2022, the nation rebounded with a 1.6 percent growth rate in the third quarter of 2023.
The president said these are remarkable achievements, contrasting them with Greece's decade-long struggle to recover from economic collapse.
Despite facing similar challenges, Sri Lanka managed to accomplish significant progress in a relatively short period, he said.
Wickremesinghe also pledged the modernization of all security networks, including intelligence agencies, equipment, training methods, troops and strategic activities, to effectively address emerging challenges.
The president also proposed to fully implement the free trade agreement with Singapore and pursue similar agreements with China, Indonesia and Bangladesh.
To catalyze economic growth, the Port City of Colombo has been identified as a special financial zone, facilitating the enactment of necessary laws and ordinances for conducting international financial transactions in the region, said Wickremesinghe.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“International Intervals news portal”。http://slovenia.frequencymodulation.net/article-75e199880.html
Related articles
Edward Olivares' grand slam and Mitch Keller's complete game lead Pirates over Angels 4
sportPITTSBURGH (AP) — Edward Olivares hit his first career grand slam and Mitch Keller pitched a five-hi ...
【sport】
Read moreCrucial route in Northland reopens after truck crash
sportPhoto: RNZ / Marika Khabazi ...
【sport】
Read moreIsraeli hostages' relatives arrested at protest as Gaza talks break down
sportRelatives and supporters of Israeli hostages held in Gaza since the 7 October attacks by Hamas milit ...
【sport】
Read more
Popular articles
- Kim Kardashian is relentlessly BOOED by the crowd at Tom Brady roast in her hometown of Los Angeles
- Continued funding concerns among disabled communities
- Interislander ferry upgrade: Finance Minister warns of cost blowout
- Bill to Fund US Government Includes Money to Counter China in Pacific
- Sports betting roundup: Betting the under works in hockey Game 7s while basketball goes over
- Literacy, numeracy tests as NCEA requirement 'detrimental' to learners
Latest articles
Judges ask whether lawmakers could draw up new House map in time for this year's elections
Judge Denies Trump Relief From $83.3 Million Defamation Judgment
'We can sue him': Chumbawamba on Winston Peters use of their song
War a real threat and Europe not ready, warns Poland's PM
Robinhood Markets receives SEC notice for alleged securities violations at crypto unit
Victorian miner killed in Ballarat Gold Mine rockfall as investigation continues
LINKS
- Man who went missing while fishing on boat off Hawke's Bay coast named
- Super Rugby Aupiki final live updates: Blues Women v Chiefs Manawa
- Lisa Rinna, 60, and Amelia Gray Hamlin, 22, share mother
- Lawyers call on MPs to include right to sustainable environment in legislation
- NZ brothers remain behind bars after appearing in Phuket court
- Department of Conservation 'spread too thin', Penny Nelson tells select committee
- Wellington job market already tough before public sector redundancies
- ‘Corrosive obsession with a person’s race’: David Seymour on Māori Wards
- Who is Mohammad Mustafa, the new Palestinian PM?
- US says UFO sightings likely secret military tests