The European Union has agreed to support the implementation of a special project aimed at promoting sustainable trade between the European Union and Sri Lanka.
Cabinet approval has been granted to obtain a financial grant of €10 million for this purpose.
The proposal, submitted by the President in his capacity as Minister of Finance, Planning and Economic Development, received Cabinet approval.
Accordingly, a grant agreement is to be signed between the two parties.
The project aims to promote green transition initiatives and climate-resilient trade practices, further strengthen sustainable trade relations between Sri Lanka and the European Union, enhance the institutional capacity of trade-related organisations, and support Sri Lanka's efforts to comply with international standards required to gain access to the European Union market.
The project is scheduled to be implemented over a period of four years through the Ministry of Trade, Commerce, Food Security and Cooperative Development.
Sri Lanka Mirror © 2026. All rights reserved.
Loading comments…