Sri Lanka Singapore businesses in trade push

Chandi Dharmaratne

May 30, 2012 (LBO) – Business chambers of Sri Lanka and Singapore has inked a deal to push trade and economic links between the two countries in the wake of visit by foreign minister K Shanmugam to the Indian Ocean island. Singapore Business Federation (SBF) and the Sri Lanka Singapore Business Council (SLSBC) affiliated to the Ceylon Chamber of Commerce, signed a memorandum of understanding to promote trade, Wednesday.

“The MoU confirms that not only has there been notable progress in our commercial relations, but that it lays the foundation for a significant enhancement of this relationship,” Shamil Mendis, president of the Sri Lanka Singapore Business Council said.

“Moreover, the decision to enter into an understanding demonstrates the desire and commitment of all concerned, which is of utmost importance, to take this relationship to greater heights for the benefit of both our countries.”

The deal was signed at an event in which minister Shanmugam, Sri Lanka’s industry and commerce minister Rishad Bathiudeen and delegations from both countries took part.

The Ceylon Chamber Sri Lankan firms had meetings with 21 visiting Singaporean companies, on areas including construction, infrastructure, public pri