Category: Trade
SL Commits to Fair Trade Collaboration: EDB & International Fair Trade Networks Sign a Cooperation Framework
In a Strategic move to promote International Fair Trade and foster global cooperation, Sri Lanka officially signed the Framework of Cooperation (FOC) with international fair trade networks in Colombo recently. The signing ceremony, attended by representatives from major fair trade and supporting organizations, took place at the Colombo Ramada Hotel. The primary objective of the […]
Relations between Sri Lanka and EU reviewed in Brussels
The Ambassador of Sri Lanka to the European Union Grace Asirwatham, who is completing her tour of duty in Brussels by the end of December 2023, had a farewell meeting with Paola Pampaloni, Deputy Managing Director of the Asia Pacific Department of the European External Action Service (EEAS), on November 28, 2023. During the meeting, […]
Japan-Sri Lanka Free Trade Zone to be established in Bingiriya and Iranavila areas
Minister of State for Investment Promotion Dilum Amunugama, announced plans to establish a Japan-Sri Lanka Free Trade Zone in the country. He mentioned that the areas of Bingiriya and Iranavila have been selected for this purpose. The minister made this announcement during a news conference at the Presidential Media Centre, held under the theme ‘ […]
Australia and Sri Lanka renew Trade and Investment Framework Arrangement (TIFA)
A renewed Trade and Investment Framework Arrangement (TIFA) was signed yesterday between Australia and Sri Lanka. Paul Stephens, Australian High Commissioner to Sri Lanka, and AMPMB Atapattu, Secretary of the Ministry of Trade, Commerce and Food Security, signed the renewed arrangement yesterday in Colombo. Australia’s Assistant Minister of Foreign Affairs, Tim Watts MP, and Sri […]
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 […]