Sri Lanka’s food processors sign MoU with European Chamber of Commerce of Sri Lanka
Sri Lanka’s food processors sign MoU with European Chamber of Commerce of Sri Lanka

Sri Lanka’s food processors sign MoU with European Chamber of Commerce of Sri Lanka

The European Chamber of Commerce of Sri Lanka (ECCSL) and the Sri Lanka Food Processors Association (SLFPA) has reportedly signed a Memorandum of Understanding (MoU) recently in Colombo. 
Accordingly, the objective of this collaboration is aimed at developing and strengthening the Agro/Food industry of Sri Lanka and joint activities, trade and investment linkages on regional, national, and international levels will provide enhanced business support to members of SLFPA and ECCSL.
Local media reports further state that since Sri Lanka depends primarily on agriculture where technological advancements are of strategic importance for the private and public sector, this collaboration would provide a strong support system to interact with the government regarding national planning processes, joint initiatives, and other key activities.
SLFPA and ECCSL expect this partnership to have a positive impact on the economic growth of the country.
The MoU was signed by ECCSL President Arnold Perera and Director and Legal Counsel John Wilson, for and on behalf of ECCSL and SLFPA President Nishan Perera and President-elect Delano Dias for and on behalf of SLFPA. 

OSL take:

The MoU signed between Sri Lankan food processors and the European Chamber in Sri Lanka would further strengthen the trade ties between Sri Lanka and EU. It will be beneficial for Sri Lankan food exports. Sri Lanka already enjoys EU’s GSP Plus trade concessions as well as trade agreements as well as trade concessions with many other countries. Foreign businesses could explore opportunities in Sri Lanka’s exports sector and also look at setting up base in Sri Lanka to engage in business with other countries.  

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Article Code : VBS/AT/20200923/Z_3

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