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Cabraal’s remark irks Ranil

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By Sanath Nanayakkare

A remark Central Bank Governor Ajith Nivard Cabraal made, opening the All-Party Conference (APC), chaired by President Gotabaya Rajapaksa yesterday, irked former Prime Minister and UNP Leader Ranil Wickremesinghe.

Cabraal, having criticised the previous government’s economic and fiscal policies said,” Sri Lanka’s economy has entered a crucial phase by now. The decisions we take in the coming weeks and months will have far-reaching effects on the country and the people in the long term. In this context, it would be appreciable if the political leaders can put their political ideologies aside and contribute towards resolving the economic crisis without trying to score political mileage. If all political parties can work together to stabilise the economy, it would be a great service done by them for the country. The coming together of the political party leaders today to discuss the economic challenges can be identified as a great triumph for the country. If we work together, I believe that we can resolve the issues on a sustainable basis before long.”

Wickremasinghe replied saying, “I’d like the President to clarify a point. You have convened this APC as per the request of the SLFP. Minister Nimal Siripala asked me to participate in this conference at least for old friendship’s sake. We have come here to discuss the serious economic issues in the country and find solutions for them. We didn’t come to talk about who is responsible for this situation as the Central Bank Governor was trying to paint it all as the fault of the previous administration. During that period, people were able to feed themselves and buy essential commodities including fuel. I don’t want to go there. But what if I responded to each accusation made by the CB Governor about the economic policies between 2015 and 2019? Then it would lead to another response and another and another and the timeline of the crisis could run into the times of Sri Lanka’s first recorded king Vijaya. Then we would have to surmise that we wouldn’t be in this situation if King Vijaya hadn’t arrived in Sri Lanka.

“The Central Bank Governor identified the proceedings of the APC as ‘triumphant’. I didn’t come to participate in the APC to defeat any section of the Opposition that is not why I’m here today. I came expecting to have a meaningful takeaway from the conference and share it with others and get their support as well to work together at this critical juncture. So let’s discuss the challenges without going there.”

President Gotabaya Rajapaksa apologised to Wickremasinghe saying that the APC had been convened with the objective of working together to solve the economic crisis and Cabraal’s comments were not meant to accuse anyone.



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Establishment of National Trade Negotiation Committee (NTFC) and Trade Policy Consultation Committee.

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Approval has been granted at the cabinet meeting held on 24-08-2026 to implement the recommendations submitted by the committee appointed to review Sri Lanka’s current Free Trade Agreements and future course of Free Trade Agreements in Sri Lanka.

Taking into account these recommendations, it has been
recognized the necessity of establishing a National Trade Negotiation Committee and Trade Policy Consultation Committee enabling Sri Lanka to follow a more targeted, sequential, and evidence-based approach in conducting negotiations for Sri Lanka’s future Free Trade Agreements and to ensure a sustainable and meaningful stakeholder consultation process.

The Cabinet of Ministers has approved the resolution furnished by the Minister of Trade, Commercial, Food Security, and Cooperative Development to act as follows.

• Establishment of a National Trade Negotiation Committee to guide trade discussions conducted with potential bilateral or regional trade partners
• Appointment of the Secretary to the Ministry of Trade, Commerce, Food Security, and Cooperative Development as the Chairman of the National Trade Negotiation Committee and
the Chief National Trade Negotiator.
• Establishment of 12 subject specific sub- committees with the required technical working groups under the National Trade Negotiation Committee
• Appointment of Trade Policy Consultative Committee comprising of trade experts, researchers engaged in research relevant to trade field, business community, unions, civil societies and relevant public officers to instruct the National Trade Negotiation Committee on active and technical sectors, to submit the policy recommendations to the Cabinet of Ministers regarding the matters relevant to the trade agreements, to inquire sustainable ideas regarding the Free Trade Agreements, and to ensure the communication mechanism.
• The Minister in charge of the Subject international trade and the Minister in charge of the subject of Industry to serve as Co-Chairpersons of the Trade Policy Advisory Committee.

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Justice Minister hits back at CLA

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Harshana Nanayakkara

By Saman Indrajith

Justice Minister Harshana Nanayakkara yesterday told Parliament that the Commonwealth Lawyers’ Association (CLA) was not an organisation officially recognised or registered under the Commonwealth Secretariat, but a fee-levying private association.

Responding to a question by Opposition and SJB Leader Sajith Premadasa on why he had failed to meet CLA representatives, who recently visited Sri Lanka, Nanayakkara said he had offered them a date and time for a meeting, but they had been unable to attend.

The Commonwealth Lawyers Association (CLA) has questioned procedural fairness and other matters of concern in a report that deals with the Supreme Court hearing petitions against the 22nd Amendment to the Constitution. Among the issues raised by CLA President Steven Thiru, is the composition of the five-member bench.

The Minister said the CLA representatives subsequently requested another date, but he had already scheduled official engagements for the proposed day.

Nanayakkara said it was, therefore, incorrect to claim that he had refused to meet the CLA delegation.

“The CLA is not an official body accepted or admitted into the Commonwealth of countries. It is a private club whose members pay fees for membership,” he said.

However, the Minister said he was not suggesting that the organisation was “a bad organisation”, adding that the accuracy of several statements made by CLA members during their visit to Sri Lanka had yet to be established.

Nanayakkara identified lawyer Upul Jayasuriya as the CLA’s local representative and said Jayasuriya had sought a meeting with him.

“I gave him the opportunity, but he came up with the excuse that he could not make it as he was not in Colombo. Therefore, it is wrong to state that I did not give them time,” the Minister said.

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First visit by an Indian Defence Minister since IPKF deployment

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Deputy Minister Maj. Gen. Aruna Jayasekera receiving Indian Defence Minister Rajnath Singh on his arrival at the Bandaranaike International Airport (BIA) yesterday.

By Shamindra Ferdinando

Indian Defence Minister Rajnath Singh is in Colombo on a three-day official visit, the first by an Indian Defence Minister since the 1988 visit by K.C. Pant, during Rajiv Gandhi’s tenure as the Prime Minister.

The Indian Defence Ministry declared that the visit would further strengthen the traditionally strong and friendly bilateral relations in mutually beneficial areas, including a strong maritime and defence partnership.

The visit takes place in the wake of Sri Lanka and India signing seven MoUs, including one on defence, in April 2025. Communist Party General Secretary Dr. G. Weerasinghe told The Island that the government should set the record straight regarding the rapidly developing military relations with the US and India. The acquisition of Colombo Dockyard Ltd., by Indian Defence Ministry-run Mazagon Dock Shipbuilders Limited, soon after the finalisation of MoUs, underscored New Delhi’s strategy, Dr. Weerasinghe said. Responding to another query, Dr. Weerasinghe said that the government should take this opportunity to discuss the Tamil Nadu fishing fleet poaching on Sri Lankan waters.

Pant visited during the Indian Army operations against the Liberation Tigers of Tamil Eelam (LTTE) in the Northern and Eastern Provinces here, while Pranab Mukherjee visited Colombo, in August 2005, to pay last respects to assassinated Foreign Minister Lakshman Kadirgamar.

Indian and Sri Lanka governments said that the visit was meant to strengthen cooperation between the two neighbouring countries in the fields of defence, economic engagement, maritime affairs and regional security.

An Indian warship arrived at the Colombo harbour ahead of the Defence Minister’s visit, reminiscent of old gunboat diplomacy. INS Udayagiri’s visit coincided with the Defence Minister’s visit. The Defence Minister’s delegation included senior officials from Ministry of External Affairs.

During the visit, the Indian Defence Minister is scheduled to hold high-level discussions with President Anura Kumara Dissanayake who also holds the Defence portfolio, Prime Minister Dr. Harini Amarasuriya and Defence Secretary Sampath Thuyacontha. He is also expected to meet members of the Indian community, residing in Colombo.

Dr. Weerasinghe said that the NPP government conveniently extended the moratorium on foreign research vessels imposed during Ranil Wickremesinghe’s tenure in 2024. The CP official said that the media alleged that that decision was taken at the behest of the US and India but nearly two years after the last presidential election the ban remains.

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