Ceylon Chamber of Commerce to sign MOU with Afghanistan Chamber of Commerce and Industry
The Ceylon Chamber (CCC) is to sign a Memorandum of Understanding (MOU) with the Afghanistan Chamber of Commerce and Industry (ACCI) in a bid to promote trade between the two countries.
This decision was taken subsequent to a discussion between CCC and Ambassador of Afghanistan to Sri Lanka, M. Ashraf Haidari recently. The meeting was held at the Embassy of Afghanistan in Colombo.
During the discussion, CCC Senior Assistant Secretary General, Lilakshini de Mel had briefed Ambassador Haidari on the role of the 19 business councils coming under the purview of the Chamber and indicated that the “Sri Lanka – Afghanistan Trade Desk” will be initially established in February 2020 to further promote trade, investment and tourism between Sri Lanka and Afghanistan.
According to reports, it was further mentioned that the Ceylon Chamber has already established Trade Desks with Africa, Middle East, Iran, Poland and Turkey.
Next in line would be Afghanistan, Bangladesh and UAE.
Through the Trade Desks, bilateral trade, tourism and investment will be promoted with the assistance of a counterpart Chamber of Commerce, local media reports stated.
The formation of this business desk provides a single window solution for Sri Lankan companies and investors looking to invest in Afghanistan’s virgin markets including construction; telecommunications; logistics and transportation; health and medicine; agriculture and agribusiness covering fruits and dried nuts; natural and mineral resources covering gems and precious stones; hand crafted rugs and carpets among other things.
Afghanistan could on the other hand benefit from Sri Lanka’s abundance of tea, rubber, coconut, machinery, medical and technical expertise.
Sri Lanka is engaged in further promoting its bilateral and trade ties with many foreign countries in order the strengthen the country’s trade/tourism/investment sectors. Sri Lanka’s geographical positioning in the Indian Ocean, the ease of doing business environment in the country and the many trade agreements as well as trade concessions enjoyed by the country have made it an attractive business destination in the South Asian region. Foreign businesses could therefore explore the possibility of setting up base in Sri Lanka to engage with a large number of foreign countries.
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