Mar 29, 2016 (LBO) – The Ceylon Chamber of Commerce and Zurich based Swiss-Asian Chamber of Commerce signed an MOU recently to promote trade and investments between Sri Lanka and Switzerland.
The signing took place with the participation of CCC Chairman Samantha Ranatunga and Mark Dangel, chairman, Sri Lanka Committee of the Swiss-Asian Chamber of Commerce.
“The purpose of this MOU is to establish a practical framework for the development of stronger business relations between the two Parties, and to set forth the procedures of cooperation, which can enhance the implementation of reciprocal economic objectives,” a clause in the MOU said.
The two Chambers will encourage the exchange of trade delegations, experts and economic discussions between the two countries, and coordinate to establish and expand a business network to help explore business opportunities.
The two chambers will also work on sharing reciprocal economic information, statistics and trade data and help facilitate trade contracts and activate joint projects.
The trade between Sri Lanka and Switzerland amounted to 229 million dollars during the year 2015, with the trade balance favoring Switzerland.
Sri Lanka during the year 2015 earned 101 million dollars by exporting to Switzerland, while its imports from the Central European country, amounted to 127 million dollars.