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Sri Lanka’s Foreign Minister meets Belgium entrepreneurs connected to Sri Lanka

Sri Lanka’s Foreign Minister meets Belgium entrepreneurs connected to Sri Lanka

Daily FT: On the sidelines of the third EU Indo-Pacific Ministerial Forum in Belgium, Foreign Minister Ali Sabry met with Belgium entrepreneurs connected to Sri Lanka at the ‘Brussels Enterprises Commerce and Industry’ (BECI) on 31 January.
With a view to encourage more trade, investments and tourism, the Foreign Minister shared insights on Sri Lanka’s economic rebound, reforms and the efforts of Economic and Social transformation for a sustainable growth of the country at this interactive session, co-organised by Sri Lanka Embassy in Brussels, ‘Brussels Enterprises Commerce and Industry’ (BECI) and Sri Lanka Honorary Consul in Antwerp Monique De Decker.
Sri Lanka’s Ambassador-designate to Belgium and European Union Chandana Weerasena conveyed that the Sri Lanka Embassy in Brussels will focus on connecting with private sectors of both countries to reach the maximum potential of economic opportunities.
The event at BECI was attended by private sector entrepreneurs including Belgium importers, distributors, manufacturers, exporters, and investors etc., covering different sectors such as tea, jewellery, tobacco products, cigars, organic products, tourism, IT services, financial services, rubber products, diamonds, construction, etc., and members from business chambers, business associations, trade and investment related organisations, business magazines and research institutes in Belgium.

OSL take:
Sri Lanka’s ongoing promotional campaign to promote local products in foreign markets while exploring new foreign markets. Local export authorities meanwhile are engaged in creating awareness among the local businesses of the increasing demand for certain goods in the foreign as well as the need to further develop and expand the existing export product portfolio. It is in such a backdrop that Sri Lanka’s Foreign Minister has engaged with the foreign business community during his official overseas engagements. Given Sri Lanka’s overall economic activities and expansion in key economic sectors, there’s an increase in the interest shown by foreign businesses/investors to engage with Sri Lanka. The country’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by Sri Lanka with other countries have also helped boost Sri Lanka’s business environment. With Sri Lanka on a growth path and an increasing business potential in the country’s economic sectors, foreign businesses/investors could confidently explore the expanding business/investment opportunities in Sri Lanka. The robust private sector in Sri Lanka also presents the possibility of foreign businesses looking at forming partnerships or joint ventures with local businesses with the aim of further expansion locally and regionally.

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Article Code : VBS/AT/20240215/Z_6

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