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Sri Lanka and Brazil successfully agree to elevate bilateral trade to $ 1b
Daily FT
|April 01, 2026
THE Second Round of Bilateral Political Consultations between Sri Lanka and Brazil were held on 20 March 2026 at the Foreign Affairs, Foreign Employment and Tourism Ministry in Colombo, marking an important step in further strengthening the longstanding and friendly relations between the two countries.
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The meeting was co-chaired by the Ministry Secretary Aruni Ranaraja and Foreign Affairs Ministry of Brazil Secretary - Asia and the Pacific Ambassador Susan Kleebank.
The consultations provided an opportunity to review the progress achieved since the First Round of Bilateral Political Consultations held in 2022 and identify further areas for possible collaborations.
During the discussions, while acknowledging the steady growth in economic cooperation, the two sides agreed to elevate bilateral trade to $ 1 billion by 2030. Both countries also emphasised the importance of broadening engagement in response to evolving global economic dynamics.
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