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Bangladesh and Sri Lanka explore investment and blue economy potential

Bangladesh and Sri Lanka explore investment and blue economy potential

The Morning: High Commissioner of Sri Lanka in Bangladesh Prof. Sudharshan Seneviratne highlighted the importance of the potential both countries hold to work jointly on multiple areas of investment, and to be joint stakeholders in the blue economy, having a shared interest in the Bay of Bengal.
These ideas were discussed at a meeting held with Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman on 5 April 2022 at the DCCI office in Dhaka.
High Commissioner Prof. Seneviratne and DCCI President Rizwan held discussions on a wide range of initiatives and explored the possibilities for Bangladesh to invest in Sri Lanka in tourism, agriculture, shipping, and logistics sectors in addition to pharma and education in Sri Lanka.
DCCI President Rizwan stated that Sri Lanka could be an attractive destination for Bangladesh investors and expressed DCCI’s readiness to support the High Commission in its economic promotional activities. He also agreed to organise a business delegation to Sri Lanka at a convenient time this year.
High Commission First Secretary (Commercial) Srimali Jayarathna also participated in the discussion.

OSL take:

Sri Lanka and Bangladesh enjoy strong bilateral and trade ties that are to be further strengthened through a preferential trade agreement (PTA). Sri Lanka is in the process of reviewing and expanding the country’s trade agreements as well. The country is currently working towards becoming a business hub in the South Asian region supported by its geographical positioning in the Indian Ocean, the many trade agreements as well as concessions enjoyed by the country and the ease of doing business environment. Given the ongoing development programme and the overall economic expansion of the country, businesses/investors from Bangladesh could confidently explore the growing opportunities in Sri Lanka. They could also look at setting up base in Sri Lanka to use the trade benefits enjoyed by Sri Lanka with other countries. Also, Bangladeshi businesses could look at forming partnerships or joint ventures with local businesses to venture into other areas.

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Article Code : VBS/AT/28042022/Z_7

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