Trade balance with the Maldives favourable
The new office-bearers of the Sri
Lanka-Maldives Bilateral Business Council. Pic: Vipula
Exports from Sri Lanka to the Maldives have increased remarkably.
From 2010 to 2012 exports from Sri Lanka to the Republic of Maldives
have been higher than imports in favour of Sri Lanka.
Maldivian visitors to Sri Lanka have increased from 44,018 in 2011 to
47,572 in 2012, said Sri Lanka-Maldives Bilateral Business Council of
the Ceylon Chamber of Commerce (SLMBBC) President Hussain S. Hashim at
the sixth annual general meeting of the SLMBBC recently.
"We also look forward to receiving Maldivian Government tender
notices that appear in Dhivehi language translated into English through
the Maldivian High Commission enabling Sri Lankan companies to forward
their bidding documents on time," he said.
"Transparent policies are required for companies to set up offices in
the Republic of Maldives. Streamlining these regulations would no doubt
assist more Sri Lankan businesses to conduct their business operations
"Lack of support or mechanism to solve legal issues faced by Sri
Lankan companies when dealing with Maldivian counterparts cause
frustration. We call upon the ambassador to consider setting up of a
Commercial Mediation Centre as an alternate means of resolving trade
"Both Governments should strongly consider initiating a combined
tourism promotional campaign to attract tourists from China and the
Middle East to visit our island nations. "The SLMBBC was inaugurated on
May 25, 2007 under the aegis of the Ceylon Chamber of Commerce at its
19th bilateral business council to promote trade, investment and tourism
between Sri Lanka and the Maldives.