Sri Lanka, March 21 -- Sri Lanka and Brazil have agreed to significantly enhance bilateral trade, setting an ambitious target of reaching US$1 billion by 2030, following the second round of bilateral political consultations held in Colombo.

The high-level discussions took place at the Ministry of Foreign Affairs, Foreign Employment and Tourism, co-chaired by Ministry Secretary Aruni Ranaraja and Brazil's Secretary for Asia and the Pacific, Ambassador Susan Kleibank.

The consultations marked a key milestone in strengthening long-standing ties between the two nations, while also reviewing progress since the inaugural round of talks in 2022.

Both sides acknowledged the steady growth in economic cooperation and emphasized the need to expan...