Sri Lanka and Bangladesh business chambers hold discussion to enhance bilateral trade.
Economynext: Sri Lanka holds a discussion with Bangladesh’s business association to increase trade between the two countries in tourism, investment and shipping.
On July 27, The High Commission of Sri Lanka in Dhaka organized a webinar with the National Chamber of Exporters (NCE) in Sri Lanka and the Dhaka Chamber of Commerce and Industry (DCCI).
The participants discussed avenues for increasing bilateral trade and economic cooperation between the chambers.
“This kind of timely initiative would pave the way to increase the bilateral trade volume between the two countries as well as cooperation in other sectors which include investment, tourism, and shipping,” High Commissioner Professor Sudharshan Seneviratne has said.
Secretary General of NCE Shiham Marikkar and Secretary General of DCCI Afsarul Arifeen had worked out a plan to identify potential business opportunities between Bangladesh and Sri Lanka.
Participants of both the business chambers had proposed several activities and agreed to conduct a follow-up webinar.
OSL take:
Sri Lanka and Bangladesh enjoy strong bilateral and trade ties that are expected to be further strengthened by a free trade agreement (FTA). The two governments as well as business and trade chambers in both countries have been engaged in discussions to further enhance cooperation between Sri Lanka and Bangladesh in key economic sectors like trade, investment and tourism. Given Sri Lanka’s geographical positioning in the Indian Ocean, the many trade agreements and trade concessions enjoyed by the country as well as the positioning of the country as an emerging business destination in the South Asian region, Bangladeshi businesses/investors could confidently explore the growing opportunities in Sri Lanka. With the growing business potential in the country, Bangladeshi businesses could look at forming partnerships or joint ventures with local businesses to expand operations. Such joint ventures could also be expanded to other countries in the region. Other businesses/investors interested in doing business with Bangladesh could also look at setting up base in Sri Lanka to engage with the Bangladeshi economy.
| Article Code : | VBS/AT/09082022/X_7 |