Rare disease researcher Pedro Rodriguez, left, examines Ibrahima Ndiaye, 8, in Dakar, Senegal, Friday, Jan. 10, 2025. (AP Photo/Annika Hammerschlag)
Trade balance between the nations favors New Zealand, which in 2024 imported goods worth $64 million from Sri Lanka including tea, coffee, apparel and rubber products.The discussion included reducing red tape at the border and how to “increase Sri Lanka’s market access capabilities,” Peters said.
“We discussed the growing number of New Zealand companies working with and investing in Sri Lanka or looking to work with Sri Lankan partners,“ said Peters, adding that those collaborations will benefit Sri Lanka’s tourism, agriculture and healthcare sectors.Sri Lanka declared bankruptcy in April 2022 with more than $83 billion in debt, more than half to foreign creditors. It sought the help of the International Monetary Fund, which approved a $2.9 billion, four-year bailout package in 2023 under which Sri Lanka was required to restructure its debt.In September last year, Sri Lanka said it had concluded the debt restructuring process after reaching agreements with bilateral and multilateral creditors and private bondholders. Sri Lanka is seeking to obtain $17 billion in debt service relief.
Sri Lanka’s crisis was largely the result of economic mismanagement combined with fallout from the COVID-19 pandemic, along with 2019 terrorism attacks that devastated its important tourism industry. The pandemic also disrupted the flow of remittances from Sri Lankans working abroad.TAIPEI (AP) — Taiwan’s president on Tuesday pledged to buy more American goods, including natural gas and oil, as the self-governing island seeks closer ties with the U.S. while threatened with
By purchasing more U.S. products that also include weapons and agricultural goods, Taiwan would not only create “more balanced bilateral trade” with the U.S. but also boost its energy autonomy and resilience, said Lai Ching-te, the island’s leader, while hosting a U.S. congressional delegation.
Lai also said the island would be willing to participate in U.S. efforts to reindustrialize and to lead the world in artificial intelligence.Trump said that EU officials would not be negotiating if not for his 50% tariff, saying he usually has the opposite problem of being “too tough.”
TIRANA, Albania (AP) — Former Albanian Presidentwas formally charged on Tuesday with corruption, money laundering, tax evasion and hiding property from authorities, his lawyer said.
The charges were communicated to Meta in a 192-page report from anti-corruption prosecutors, lawyer Kujtim Cakrani told journalists. The prosecutors belong to the Special Structure Against Corruption and Organized Crime, or SPAK, which handles cases involving senior political and state officials.Meta, the 56-year-old founder of the leftist Freedom Party,