Category: Trade
Unveiling Trade Potential: An Ex-Ante Analysis of the Sri Lanka – Thailand FTA
Sri Lanka and Thailand are engaged in expedited negotiations for a free trade agreement (FTA), aiming to conclude the negotiations by early 2024. Both countries share a strong interest in expanding their trade ties, with Sri Lanka seeking preferential access to Thailand’s market and Thailand keen to tap Sri Lanka as a gateway to South […]
Ceylon Chamber of Commerce &”
The Ceylon Chamber of Commerce and the Sri Lanka Retail Association (SLRA) signed a Memorandum of Understanding to collaborate on organizing the Sri Lanka Retail Forum 2023 on 19th October at the Cinnamon Lakeside Hotel. The Sri Lanka Retail Forum is a significant initiative that brings together the most influential players in Sri Lanka’s retail […]
Visa Celebrates 35 Years in Sri Lanka; Unveils Visa Government Solutions for market
Today marks a significant milestone for Visa, the global leader in digital payments, celebrating its 35-year anniversary in Sri Lanka. This journey encapsulates the company’s unwavering commitment to the nation and signifies the pivotal role Visa has played in helping the country transition towards a comprehensive digital economy. Celebrating the milestone, Visa announced a pledge […]
Enabling SME sector to digitize payments can accelerate economic growth: Country Manager for Visa
As Sri Lanka focuses on economic recovery, transforming the digital payment landscape for businesses will be a strategic area to consolidate growth, says Avanthi Colombage, Country Manager for Visa in Sri Lanka and Maldives. Visa, a global leader in digital payments, believes that unlocking the potential that digitizing payments can offer to the SME (Small […]
Ceylon Chamber Forges Partnership with Jharkhand Chamber
The Ceylon Chamber of Commerce recently hosted a networking event with a business delegation from the Federation of Jharkhand Chamber of Commerce and Industries (FJCCI), offering a platform for Sri Lankan businesses to showcase their companies and explore potential collaboration opportunities with their Indian counterparts. During the meeting, participants engaged in discussions on various sectors, […]
Sri Lanka – India business networking event forges new collaborations
Enhancing bilateral relations and leveraging opportunities for investment were among the focus points of a Business Networking event with a multi-sectoral business delegation from India recently hosted by the Ceylon Chamber of Commerce at the Shangri-La Hotel Colombo. The networking event provided an exclusive opportunity for Members of the Ceylon Chamber to meet with the […]
Another 7,000 Sri Lankans will get work visas this year: Korean Ambassador
Ambassador of the Republic of Korea, Miyon Lee said that during the second half of this year, 7,000 more Sri Lankans will be issued with visas to work in Korea. There are 25,000 Sri Lankan workers employed in Korea and by the end of this year it will be increased to 32,000, she said. The […]
EDB emphasizes dangers of foreign buyers entering Sri Lanka Gem Trade, illegally
The Export Development Board (EDB) Advisory Committee on Gems, Diamonds & Jewellery sector has emphasized the importance of making Sri Lankan Gem & Jewellery traders more competitive and simplifying policy measures during the 7th Advisory Committee Meeting held recently. The renowned China Fort Gem Market located in Beruwala and Rathnapura are considered as bustling marketplaces […]
Import Controls in Sri Lanka: Political Preference and Incentive Distortions
Battling an unprecedented economic crisis that overlapped the COVID-19 pandemic, Sri Lanka resorted to strict import controls since early 2020. These measures gradually encompassed 31% of total imports by September 2022, with the intention of reducing foreign exchange leakages on “non-essential” imports. However, the effectiveness and implications of these stringent regulations have raised questions. A […]
High-level Israel delegation and EDB discuss avenues to promote bilateral trade
An official delegation from Israel met the senior EDB officials on 29th June and had a fruitful discussion to explore avenues to promote trade and economic cooperation between Israel and Sri Lanka. The delegation from Israel was represented by Ophir Kariv, Head of Bureau, Economic Affairs Division of the Ministry of Foreign Affairs of Israel […]
Sri Lankan companies participate in largest trade show in South Africa
Two major Sri Lankan export companies participated in the South African International Trade Exhibition (SAITEX) 2023, an annual multi-sector trade-show, held at the Gallagher Convention Centre in Johannesburg, South Africa from 18– 20June 2023. This year, more than 120 exhibitors from 37 countries participated at SAITX attended by more than 3500 attendees representing importers, wholesalers, retailers, product […]
Premier praises British Envoy’s efforts to promote UK-Sri Lanka ties
Prime Minister Dinesh Gunawardena thanked the outgoing High Commissioner of the United Kingdom Sarah Hulton for her persistent efforts to strengthen friendly relations between Sri Lanka and UK. He said this when the High Commissioner paid a farewell call on him at the Temple Trees Monday. The Prime Minister said that the untiring efforts of […]