Sri Lanka committed to set up BIMSTEC Technology Transfer Center – President

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President Maithripala Sirisena reiterated the commitment of the government to establish a BIMSTEC Center for Technology Transfer Facility to contribute to the collective drive for economic advancement.

“To take Sri Lanka to the next stage of development, the vision of my government is to create a knowledge based competitive social market economy which is integrated with the world”, he said.

The President made these remarks, addressing the BIMSTC Summit held in Goa, India today (Oct. 16).

“The full potential of regional cooperation however remains yet to be realized. We need to change course now to fulfill the expectations of our people to deliver a strong growth dividend through economic and technical cooperation”, he pointed out.

“Diversification and modernization of economies, infrastructure development, knowledge exchange, increased access to technology, enhanced capacity building, expansion of trade and investment can no longer be held back” the President further stated.

Following is the full speech delivered by President Sirisena at the BIMSTEC Summit.

At the outset, let me sincerely thank the Hon. Prime Minister of India for the warm welcome and generous hospitality extended to me and the members of my delegation.

Attending this event for the first time as the Head of State of Sri Lanka in beautiful Goa is indeed memorable.

Our presence today is a clear demonstration of the unity of purpose and solidarity in working towards the effective realization of BIMSTEC objectives.

Since its inception in 1997, BIMSTEC meetings have resulted in adoption of several declarations focusing on achieving prosperity in the region.

The full potential of regional cooperation however remains yet to be realized. We need to change course now to fulfill the expectations of our people to deliver a strong growth dividend through economic and technical cooperation.

Diversification and modernization of economies, infrastructure development, knowledge exchange, increased access to technology, enhanced capacity building, expansion of trade and investment can no longer be held back.

We need to regain, through meaningful and outcome oriented collaboration, the legitimacy that underpins any serious regional framework.

Read more: http://www.president.gov.lk/sri-lanka-committed-to-set-up-bimstec-technology-transfer-center-president/