Current location:Culture Capsule news portal > sport
Sri Lanka to join Regional Comprehensive Economic Partnership: president
Culture Capsule news portal2024-05-21 21:34:30【sport】4People 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.
Address of this article:http://lithuania.downmusic.org/content-5c699950.html
Very good!(28)
Related articles
- Target to lower prices on basic goods in response to inflation
- 5 takeaways from the global negotiations on a treaty to end plastic pollution
- DAILY MAIL COMMENT: A very good day for our united kingdom
- Long flu season winds down in US
- Should you claim child benefit? What it's worth
- Portuguese
- Trainer and Brehm can find a few perks amid New Orleans disappointment
- Chinese coast guard fires water cannons at Philippine vessels in latest South China Sea incident
- Colton Herta shows speed as Honda fights back in penultimate Indy 500 practice session
- U.S. and Mexico will boost deportation flights and enforcement to crack down on illegal migration
Popular articles
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- Immigrant's $1.3B Powerball win spotlights the Iu Mien community
- California's population grew in 2023, halting 3 years of decline
- Calling a female colleague a 'pretty woman' at work is sex discrimination, tribunal rules
Recommended
FDIC chairman Martin Gruenberg to step down, White House says
Former Italian foreign minister convicted for role in sale of Monte Carlo apartment
CRAIG BROWN: The killer who wants to be Donald Trump's running mate
South African boxer Dingaan Thobela, 'The Rose of Soweto,' dies aged 57
Iran helicopter crash: President Raisi, the supreme leader's protege, dies at 63
Queen Mary and King Frederik are caught in a royal Photoshop row
Haiti prime minister: transitional council names new leader
US challenges 'bogus' patents on Ozempic and other drugs in effort to spur competition
Links
- Various events introduced for students at museums in Xi'an
- Qixi Festival marked in Xi'an, NW China
- In pics: cultural and tourism services exhibition at CIFTIS
- Xi Arrives in San Francisco for Talks with Biden, APEC Meeting
- Four China's C919 aircraft to serve during Spring Festival travel rush
- Hi, Confucius
- Chinese publications draw attention at Frankfurt Book Fair
- Holiday to see pickup in outbound travel
- Visa exemption agreement will further enhance Sino
- Xinhua Headlines: Join Hands for High