Sri Lankan and Indian Trade Bodies to promote bilateral Trade and Investment post COVID19

Sri Lankan and Indian Trade Bodies to promote bilateral Trade and Investment post COVID19

23 May 2020 01:40 pm

 Indo Lanka Trade Bodies to promote bilateral Trade and Investment in  post COVID19

Sri Lankan and Indian Trade Bodies are now set to promote bilateral Trade and Investment in  post COVID19, a Senior Indian diplomat said.

Ms Neha Singh, Head of Information Wing from the High Commission of India highlighted the need for the businesses of both countries to adopt innovative strategies to deal with the challenges presented by COVID19.

She noted that   Governments of India and Sri Lanka are implementing measures to ease the challenges faced by traders such as acceptance of e-Certificates of Origin. 

She expressed these views when she participated in an interactive video-conference session organised by Federation of Indian Export Organisations (FIEO) with the participation of Federation Chamber of Commerce and Industry.

Members of  Sri Lanka (FCCISL) and Colombo Chamber of Commerce discussed  trade and investment opportunities between the two countries post COVID19. Officials from High Commission of India, Colombo and High Commission of Sri Lanka, New Delhi also participated in the discussion.

   Noting the importance of growth of trade, investment and tourism between India and Sri Lanka, panellists from FIEO, FCCISL and Colombo Chambers discussed ways to develop new avenues for cooperation in the three sectors. With a focus on export oriented production, FCCISL and Colombo Chambers also highlighted the opportunities for investment in various sectors in Sri Lanka. 

  The interaction ended with a Question and Answer session wherein Colombo Chamber of Commerce proposed to start an online mechanism with FIEO to respond to trade queries in real-time.