NCCSL seminar on Bilateral Trade
The National Chamber of Commerce of Sri Lanka (NCCSL) will hold a
seminar on "Bilateral Trade between the Maldives and Sri Lanka" on
January 25, from 3.00 p.m to 4.30 p.m at the Chamber Auditorium, D.R.
Wijewardene Mw, Colombo 10.
The special guest will be High Commissioner Republic of the Maldives
in Sri Lanka Hussain Shihab and will be accompanied by Deputy High
Commissioner Dr Hussain Niyaz and President of the Maldivian National
Chamber of Commerce and Industries of Male Ahmed Abdul Gaffoor. Gaffoor
will address the participants on the current business trend, trade
potential, opportunities for export, import, investment and other
services for Sri Lankans in the Maldives. Participants will also have an
opportunity to interact with the officials of the High Commission to get
first hand information on any trade and business related issues in doing
business with the Maldives.
At a recent visit to Sri Lanka by the the Maldivian President,
Mohamed Nasheed showed keen interest in promoting trade between the two
countries and said that the Sri Lankan producers could increase exports
to the Maldives and specifically mentioned that milk and vegetable oils
have much scope in the island. According to him, milk consumption in the
Maldives is very high and Sri Lanka could benefit by this.
The prevalent economy in the country is based on tourism,
agriculture, fisheries and the export of marine products. Main imports
from the Maldives consisted of dried and salted fish, maldive fish,
tortoise shells. Exports to the Maldives from Sri Lanka included fruits,
vegetables, chicken, meat, ornamental fish, rice and other consumer
products. Main industries of Maldives are tourism, fishing and shipping.
Sri Lanka is the largest exporter to the Maldives. The Maldives is
seeking more investments from Sri Lanka, especially in construction,
transportation and renewable energy. Additionally with the recent credit
line offered by the Sri Lankan government to the Maldives, it would
provide additional opportunities to business partners in Maldives in
developing bilateral trade between Sri Lanka and the Maldives generating
more benefits to Sri Lankan exporters.