defines the organization’s objectives, duties, powers, and reporting requirements defines appointment rules for the board of directors creates the Research Opportunities Fund and prescribes how the fund will be used provides for regulatory oversight by governor-in-council (cabinet) In March 2017, government created the Research Nova Scotia Trust as a first step toward the creation of Research Nova Scotia and the Research Opportunities Fund. At that time, government invested $25 million in the trust and in March 2018, followed with an additional $20 million, half of which is dedicated to health innovation and mental health research. Any residual funds left in the trust upon its expiry on March 31, 2019 will transfer to the Research Opportunities Fund as part of Research Nova Scotia. “Research Nova Scotia will help recruit and retain top researchers and create jobs for Nova Scotians, particularly young Nova Scotians,” said Mr. Kousoulis. “This act is a great example of how we can build a more diverse and globally competitive economy, and make our province stronger.” It is anticipated that Research Nova Scotia and the Research Opportunities Fund will be operational by the fall. The Research Nova Scotia Corporation Act introduced today, March 28, will advance world-class research in universities and the Nova Scotia Community College. The new legislation establishes Research Nova Scotia as an arms-length entity, which will include the Nova Scotia Research and Innovation Trust and the Nova Scotia Health Research Foundation. “Research Nova Scotia will help lead this province’s research agenda, driving innovation and continuing to support the incredible work happening right here in our province,” said Labi Kousoulis, Labour and Advanced Education Minister. “Once in place, Research Nova Scotia will co-ordinate provincial research investments, attract research funds from other sources, and better support Nova Scotia researchers who are developing new technologies and solving real-world business problems.” Research Nova Scotia will support initiatives in areas like ocean science and technology, health and wellness, information and communications technology, clean technology, life sciences, social innovation and resource sectors. The legislation also:
China is always committed to developing friendly relations with its neighboring countries, and will work with the Asia-Pacific nations including Sri Lanka to strengthen regional or sub-regional cooperation so as to achieve common development, said Wu.Rajapakse expressed appreciation for the important role China has played on regional and international affairs, saying Sri Lanka will enhance communication and coordination with China within the multilateral mechanisms, including the United Nations, the ASEAN regional forum and the Shanghai Cooperation Organization.Wu and Rajapakse also witnessed the signing of 16 cooperative agreements between the governments and enterprises of the two countries. (Xinhua) Wu suggested the two sides adjust trade structure and expand trade scale, saying China will take measures to export more from Sri Lanka and step up cooperation with Sri Lanka on investment and tourism.The two countries should also enhance cooperation on areas such as maritime research, climate change, disaster relief as well as animal husbandry, agricultural products processing and biomass energy, said Wu.Rajapakse, for his part, said Sri Lanka now has great demand for infrastructure construction and personnel training as the country is striving for rapid growth, and it welcomes more Chinese firms to invest and participate in the construction of railway, port and power station. During their meeting, Wu and Rajapakse also exchanged views on international and regional issues. On the economic front, Wu said China and Sri Lanka have in recent years witnessed sustained growth in bilateral trade volume, and have made smooth progress on such infrastructure projects as the second phase of the Hambantota port, a container terminal in Sri Lanka port and a coal-fired power plant in Puttalam.As they continue to push ahead major cooperative projects, China and Sri Lanka should sum up their experience and tap potentials for new areas of cooperation, said Wu. China’s top legislator Wu Bangguo met with Sri Lankan President Mahinda Rajapakse today, vowing to insert new energy into relations between the two countries.“China-Sri Lanka relations are now at the best period of development in history,” said Wu, chairman of the Standing Committee of China’s National People’s Congress (NPC), who is on a four-day official goodwill visit to the South Asian nation. Wu extended congratulations to Sri Lanka over its post-war achievements, saying China respects Sri Lanka’s choice of development path in line with its own national conditions, and will support,as always, its efforts to maintain stability, economic growth and improve people’s lives. China will continue to provide aid within its capacity for Sri Lanka’s development, Wu said.