Sri Lanka explores prospects for trade development with Belarus
Bilateral relations between Sri Lanka and Belarus have reportedly been intensified in every field, particularly in trade and investment. These initiatives have been moved consequent to the official visit of the Ambassador of Sri Lanka in the Russian Federation and his delegation to the Republic of Belarus in December 2020.
The Embassy has reportedly been organising a series of activities promoting Sri Lanka in Belarus.
In this regard the Embassy in collaboration with Sri Lanka Export Development Board (EDB) and the Belarus Chamber of Commerce and Industry along with the National Centre for Marketing and Price Study of Belarus had recently organised a webinar on prospects of Belarus-Sri Lanka trade development.
Ambassador of Sri Lanka to the Russian Federation Prof. M.D. Lamawansa had opened the event by his welcome speech underlining the importance of developing bilateral relations between the two countries and expressing the intention of the Embassy to facilitate collaboration in economic sphere.
Sri Lanka’s EDB Additional Director General/Development, Malani Baddegamage had welcomed the participants mentioning Republic of Belarus has been considered as a potential market to develop bilateral trade relations and presented on export potential of Sri Lanka in agriculture products – tea, cinnamon, spices, seafood, fruit and vegetables, coconut products. This was followed by the presentation made by Actg. Director, Industrial Products Harsha Pathberiya, on industrial export products.
Belarusian Chamber of Commerce and Industry Deputy Chairman Denis Meleshkin had reportedly assured their cooperation towards Sri Lankan exporters and assisted them to find reliable partners from the Republic of Belarus.
National Agency of Investment and Privatisation in Belarus Specialist on Marketing Nadya Paltarak had made a presentation on the business climate of the Republic of Belarus.
National Centre for Marketing and Price Study in Belarus Director Valery Sadoho had made a presentation mentioning the services provided by their organisation and Head of International Cooperation Department of the same organisation Evgeniya Komarova had continued the presentation highlighting priority areas for Belarus-Sri Lanka trade and economic cooperation.
The National Centre for Marketing and Price Study in Belarus had reportedly highlighted their willingness to offer assistance in conducting marketing research and finding Belarusian buyers for importing potential products from Sri Lanka to the Belarusian market.
The webinar had been attended by a substantial number of participants representing companies in Sri Lanka and Belarus.
The discussion had aroused keen interest in the audience of both sides and it has been agreed by both parties to continue with B2B sessions in the specific sectors in near future.
OSL take:
Sri Lanka is currently in the process of developing and strengthening the country’s bilateral, business and trade ties. Sri Lanka already enjoys many trade agreements as well as trade concessions that have made the island an attractive trade hub. The country’s geographical positioning in the Indian ocean has added to Sri Lanka’s attraction as a business destination in the South Asian region. All these are indicative of the expanding trade opportunities in Sri Lanka. Therefore, foreign businesses/investors could explore business/trade opportunities in Sri Lanka.
| Article Code : | VBS/AT/20210531/Z_2 |