Sri Lanka, Nov. 3 -- The Cabinet of Ministers has approved the acceptance of a EUR 10 million grant from the European Union (EU) to support a project aimed at advancing sustainable trade between Sri Lanka and the EU.

Under the initiative, the EU will provide financial assistance to strengthen bilateral sustainable trade relations through green transition measures and the adoption of climate-resilient trade practices.

The project is also expected to enhance the institutional capacity of relevant agencies in trade-related areas and help Sri Lanka meet international standards necessary to gain access to the EU market.

The Ministry of Trade, Commerce, Food Security and Cooperative Development will oversee the implementation of the project ...