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Sri Lanka-Korea Business Council hosts business networking evening

Sri Lanka-Korea Business Council hosts business networking evening

Daily FT: The Sri Lanka-Korea Business Council (SLKBC) of the Ceylon Chamber of Commerce recently hosted a networking evening for members of the Council, diplomats, Government officials and industry representatives to foster collaboration and bilateral cooperation.
The Chief Guest Ambassador of the Republic of Korea to Sri Lanka Miyon Lee was accompanied by the Deputy Ambassador, Consul, and Third Secretary of the Embassy. Additionally, Government officials from the Board of Investment (BOI), Export Development Board (EDB), Ministry of Foreign Affairs, and representatives from the Korea Trade-Investment Promotion Agency (KOTRA), Korea International Cooperation Agency (KOICA), Korea Businessmen Association (KBA), and Korea Eximbank also attended the event.
SLKBC President Asitha Martis emphasised the importance of such networking events in facilitating and promoting bilateral trade and investment, and cultural exchange. Ambassador Lee echoed this sentiment, expressing that bolstering diplomatic, economic, and cultural ties between the two nations are vital to facilitate collaboration across various sectors.
Insightful presentations on the Korean visa process, KOTRA’s role in facilitating trade and investment, and KOICA’s commitment to development cooperation, as well Exim bank’s operations and ongoing projects followed.
The presentations were followed by a networking session, providing an opportunity for further discussions and collaborations among attendees.

OSL take:
Sri Lanka is once again on the growth path and ready to for business after facing many economic challenges during the past few years. The country is focused on attracting foreign businesses/investors to engage with Sri Lanka’s growing economy as the country is on the path to becoming a regional hub. It is in this backdrop that Sri Lankan authorities and business community are engaged in building dialogues with foreign businesses/investors to explore local and foreign collaborations while presenting business/investment opportunities. Sri Lankan authorities and business chambers are engaged in various promotional campaigns in foreign markets as well. The country’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed with other countries while Sri Lanka is currently in the process of further expanding the existing trade agreements are all clear factors that directly contribute to Sri Lanka’s growing business potential. Given the clear growth and business potential in Sri Lanka, foreign businesses/investors could confidently explore the expanding business/investment opportunities in the country.

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Article Code : VBS/AT/20240404/Z_5

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