🇱🇰🇪🇺 Sri Lanka & Lithuania Hold Inaugural Political Consultations in Colombo 🤝

Sri Lanka and Lithuania held their inaugural Bilateral Political Consultations in Colombo, marking 30 years of diplomatic relations and establishing a structured framework for future cooperation. • Key Economic & Trade Focus Areas: • Sri Lanka invited Lithuanian investment into key sectors including renewable energy, logistics, tourism, and digital technology. • Lithuania offered expertise in high-tech fields, including FinTech, cybersecurity, life sciences, photonics, and laser technology. • Both nations agreed to boost bilateral trade under the EU's GSP+ scheme and initiate discussions on streamlined trade and investment agreements. • Partnership & Future Roadmap: • Agreed to fast-track direct business-to-business (B2B) engagements and knowledge exchange between tech incubators and export promotion agencies. • Focused on expanding university exchanges, technical training partnerships, and Baltic region tourist arrivals to Sri Lanka. • Signed a Memorandum of Understanding (MoU) establishing a regular dialogue framework, with the second round of consultations set for Vilnius in 2027.