‘We must derive benefits from globalization through partnering with regional blocs’ – President


“Achieving shared prosperity is our primary objective. In our perspective, this means that we seek to benefit from the opportunities arising from cooperation while also ensuring that others in the region to benefit,” stated President Maithripala Sirisena addressing the BRICS and BIMSTEC Outreach Summit in Goa, India, yesterday (16).

We must derive benefits from globalization through partnering with regional blocs. BRICS has evolved in a swift manner in promoting its main objectives that include coordination in multilateral fora with a focus on economic and political governance and cooperation, he said.

Following is the full text of the statement by President Maithripala Sirisena at the BRICS and BIMSTEC Outreach Summit, Goa, India, 16 October 2016


Distinguished delegates

I appreciate the opportunity provided by the Government of India for the first ever Outreach Summit between BRICS and BIMSTEC.

Both BRICS and BIMSTEC are at a historic juncture today as the centre of global power is shifting to Asia.

Our outreach is therefore not only a timely initiative, but one which could transform our region in a positive manner.

As the economic influence of BRICS increases, possibilities open for BIMSTEC to benefit from the expansion of trade and investment as well as knowledge and technology transfers and infrastructure development.

The Bay of Bengal where the members of BRICS and BIMSTEC have important stakes provides the springboard for strategic cooperation in the Indian Ocean through the advancement of cooperative security.

Peace and stability in the region is an essential element for economic prosperity. We strongly condemn terrorism in all its forms and manifestations.

I emphasize that Sri Lanka is firmly committed to join all efforts to combat this global menace.

Read more: http://www.president.gov.lk/we-must-derive-benefits-from-globalization-through-partnering-with-regional-blocs-president/