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Sri Lankan businesses seek to penetrate booming Middle East markets

Officials from K. Seeds Investments Pvt Ltd (at left) with officials from Commercial Credit and Finance PLC (at right)

August 14, 2007 (LBO) – A Sri Lankan business delegation is to visit the Middle East next month seeking to penetrate the markets in three oil exporting countries whose economies are booming because of high petroleum prices. The visit, organised by the trade fair unit of the Ceylon Chamber of Commerce (CCC), will cover Saudi Arabia, Bahrain and Oman and is scheduled for August 30 to September 6, 2007.

The interests of the delegation vary ranging from the traditional tea, rubber, spices and coconut products to non-traditional fruits and vegetables, mineral water, floor coverings, stationary, and medical and laboratory equipment.

A CCC statement said all previous business promotion missions organized by the chamber resulted in virtually the entire delegation entering into contract agreements or establishing links which materialized into export orders.

"We are quite confident that this mission too will enhance two-way trade between Sri Lanka and the three overseas markets – Saudi Arabia, Bahrain and Oman," it quoted a spokesman as saying. The chamber trade unit was set up to help members who needed support in entering new markets and has organized business promotion missions to over 20 countries, mostly in Eur

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