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BIMST-EC (Bangladesh, India, Myanmar, Sri Lanka and Thailand) established in 1997 is a regional grouping of countries for greater economic co-operation.

The Private Sectors, Chambers and Associations of these countries got together to form the BIMST-EC Business Forum in 1998 for fast track economic co-operation. Each country has established a focal point.

The National Chamber of Commerce of Sri Lanka (NCCSL) being the focal point for the BIMST-EC Business Forum in Sri Lanka is organising the second BIMST-EC Business Forum Meeting from November 22 to 23 at the Trans Asia Hotel. The ceremonial opening will be on November 22 at 6 p.m. with Minister Ravi Karunanayake, Minister of Commerce and Consumer Affairs as the chief guest. The business sessions of the forum will be held on November 23. NCCSL has invited private sector delegations from each of the BIMST-EC countries. Bangladesh, Myanmar and Thailand have already confirmed their participation at the BIMST-EC business forum and confirmation from India is awaited.

The objectives of the BIMST-EC Business Forum are:

* Identify opportunities for trade and investment in the BIMST-EC region.

* Be acquainted with constraints and limitations for trade and investment among these countries.

* Determine appropriate strategies to overcome the trade barriers among the member countries.

* Undertake projects with two or three countries working together that would benefit all.

Each country is required to present a country paper covering these aspects.

The discussion will be on the following sectors and sub sectors:

Trade and Investment - (sub sectors: textiles and clothing; drugs and pharmaceuticals; gems and jewellery, horticultural and floricultural products; processed food, automotive industry and parts; rubber/tea/coffee; coconut and spices). Technology, Transportation and Communication, Energy, Tourism and Fisheries.

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