NCCSL to expand Lanka-Bangladesh trade
The National Chamber of Commerce of Sri Lanka (NCCSL) will exploit
the Commonwealth Business Forum to expand bilateral trade and investment
between Sri Lanka and Bangladesh for starters, to reach a bilateral
trade agreement between the two countries.
A joint business meeting has been organised between the Bangladesh
delegation at the CBF (Commonwealth Business Forum) and top business
leaders at the NCCSL auditorium tomorrow.
The meeting is organised by the Bangladesh High Commission in
Colombo, the Sri Lanka-Bangladesh Business Council and the NCCSL. A MoU
will also be signed between the NCCSL and the Dhaka Chamber of Commerce
Bangladesh High Commissioner, Mohammad Rahuman said that a 38-member
high profile delegation will participate at the CBF representing three
leading business chambers, Federation of Bangladesh Chamber of Commerce,
Dhaka Chamber of Commerce and Industry, and International Chamber of
Commerce. The meeting aims at finding new areas of collaboration to
promote business between the two countries, he said.
"There are similarities between the two economies. Both countries
experienced the 2008 global financial crisis and today we have faced
similar issues related to external sector balance," Rahuman said.
"The Sri Lankan economy is growing fast and the Bangladesh economy
too is expanding. During the past four years our GDP increased by 50
percent and this is the right time to start a business dialogue to sign
a bilateral trade agreement," he said. A bilateral trade agreement
should go beyond the South Asia Free Trade agreement (SAFTA). "We can
begin with the sensitive lists of SAFTA and go forward. There are
opportunities for Sri Lankan investors in Bangladesh in areas such as
power and energy, road construction, apparel and IT sectors," Rahuman