Ceylon Chamber identifies Business Opportunities in Afghanistan for Sri Lankan businesses - Opportunity Sri Lanka
Ceylon Chamber identifies Business Opportunities in Afghanistan for Sri Lankan businesses

Ceylon Chamber identifies Business Opportunities in Afghanistan for Sri Lankan businesses

Afghan Ambassador, M. Ashraf Haidari, expressed his appreciation to President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa for their efforts to strengthen relations between Afghanistan and Sri Lanka. Afghan Ambassador, M. Ashraf Haidari, expressed his appreciation to President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa for their efforts to strengthen relations between Afghanistan and Sri Lanka.
During the talks, Senior Assistant Secretary-General Lilakshini de Mel, Ceylon Chamber of Commerce, briefed Ambassador Haidari on the position of the 19 Chamber’s business councils and announced that the ‘ Sri Lanka-Afghanistan Trade Desk ‘ will be formed in February to promote further trade, investment and tourism between Sri Lanka and Afghanistan.
Accordingly, the Ceylon Chamber would shortly afterwards sign a Memorandum of Understanding (MOU) with the Chamber of Commerce and Industry of Afghanistan (ACCI). The Ambassador assured us of his full cooperation in pushing forward the Trade Desk initiatives. It further stated that the Chamber of Ceylon had already set up Trade Desks with Africa, the Middle East, Iran, Poland, and Turkey. Afghanistan, Bangladesh and the UAE are next in line.
Establishing this business desk offers a one-window solution for Sri Lankan businesses and investors looking to invest in the virgin markets of Afghanistan — including construction; telecommunications; logistics and transport; though Afghanistan will benefit from the abundance of Sri Lanka’s tea, rubber, coconut, machinery, medical and technical skills.
Ambassador Haidari further noted that due to a vast cornucopia of resources in both Afghanistan and Sri Lanka, potential economic benefits from trade between the two nations are enormous and both countries look forward to signing an MOU on trade and investment promotion and security at the appropriate time. Indeed when air connectivity finally established between our two countries, Afghans and Sri Lankans should be able to reconnect with our shared heritage through tourism, trade and investment, education and cultural exchange.

OSL Take:

The increase in opportunity for debentures is indicative of the level of confidence in Sri Lanka’s economy and interest in investment. The economic policies of the country that have resulted in the overall growth of Sri Lanka’s banking sector would undoubtedly serve the requirements of the foreign businesses/investors exploring opportunities on the island.
Further, the increase in economic activity in Sri Lanka following the incentives offered by the government of Sri Lanka will push economic growth to higher levels next year.
The government of Sri Lanka is engaged in introducing many policies aimed at strengthening and consolidating the country’s economy while attracting foreign investments by continuously improving the ease of doing business environment in the island nation. Looking at the comments made by Sri Lanka’s Finance Minister and Senior Adviser to the Finance Ministry, it is evident that Sri Lanka is heading on a path to achieve overall economic growth.
The conducive business atmosphere in the country will attract foreign businesses/investors to explore opportunities in Sri Lanka. Given 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 state, have made it an attractive business destination in the South Asian region.

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Article Code : VBS/AT/20200422/Z_T1

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