National Chamber of Sri Lanka to host B2B meeting session with Turkish Chamber - Opportunity Sri Lanka
National Chamber of Sri Lanka to host B2B meeting session with Turkish Chamber

National Chamber of Sri Lanka to host B2B meeting session with Turkish Chamber

The National Chamber of Commerce of Sri Lanka in association with the Adana Chamber of Industry in Turkey is to reportedly conduct a Business to Business (B2B) Zoom meeting session for the Sri Lankan corporate community this month.
Business communities dealing in various diversified sectors, such as metal – machinery and equipment, textile and its raw materials, food industry, tea, herbal products, rubber industry (tyres, gloves), textile and garments, and plastic industry are expected to participate at the meeting, according to local media reports.
The report has further stated that the National Chamber has invited the Sri Lankan business community to register for the said programme and meet their counterparts in Turkey online.
According to reports, Turkey was the 10th export market for Sri Lanka with a share of 2.11% in 2020 and the main items exported from Sri Lanka to Turkey in 2020 were, tea, vegetable textile fibres, apparel, used pneumatic tyres, man made staple fibres, activated carbon, new pneumatic tyres, apparel accessories, lead oxides, miscellaneous articles of base metal, miscellaneous edible preparations and desiccated coconut.
Also, Turkey was reportedly the 28th import partner of Sri Lanka with a share of 0.59% in 2020. The main items imported from Turkey to Sri Lanka in 2020 were onions, nuclear reactors, knitted or crocheted fabrics, electrical transformers, man made staple fibres, iron and steel, other imports, cotton, plastics, refrigerators, wheat and miscellaneous edible preparations.

OSL take:

Sri Lanka is fast developing its bilteral relationships with other countries in a bid to expand its trade and investment ties with foreign nations. The island is fast becoming a business hub in the South Asian region given it’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country. It is in this backdrop that Sri Lanka is expanding its business ties with Turkey. All these engagements have provided ample opportunities to local businesses to form joint ventures/partnerships with foreign counterparts. Foreign businesses/investors could confidently explore business/investment opportunities in Sri Lanka given its ongoing development programme.

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Article Code : VBS/AT/20210506/Z_1

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