Netherlands looking to make trade sustainable with Sri Lanka
Daily News: Dutch Ambassador to Sri Lanka Tanja Gonggrijp has acknowledged that due to the global reserve scenario it fell upon the Europeans to pay more and impose additional regulations to make trade more sustainable and beneficial for both parties.
Gonggrijp identified Sri Lanka as a forerunner for the increase in organic and other sustainability-based trade sourcing relationships.
Gonggrijp spoke last month in the webinar titled ‘Creating New Connections and Supporting Sustainable Trade and Investment between the Netherlands and Sri Lanka’ which was part of the celebration of 70 years of diplomatic relations between the two countries.
The envoy noted that it was government policy to make sure the price paid by Dutch consumers entailed the real costs of production. This entailed making sure that production processes were sustainable, that the producer was adequately compensated, and that international norms were followed.
There will be upcoming changes to policy for the importation of certain items to Europe. Dutch companies will be receiving incentives from the Dutch government for the expansion of trade relations with certain exposure for agricultural produce sourcing. A follow-up event shall take place on February 15 exploring the advent of organic farming.
Sri Lanka is in the process of further strengthening bilateral and trade ties with many countries with Netherlands being the latest to be added to the list. Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as concessions enjoyed by the country have made it an attractive business/investment destination for trade. While Dutch businesses/investors could confidently explore the growing opportunities in Sri Lanka and vice versa, Dutch businesses could look at setting up base in Sri Lanka to engage with countries in the region or other countries Sri Lanka has trade pacts with. Sri Lanka presents an ideal platform for foreign businesses/investors to set up base to carry out trade activities using the trade agreements and concessions enjoyed by the country.
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