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Government Gazette

Ceylon Chamber to establish Sri Lanka - Maldives Bilateral Business Council

NEW COUNCIL: The Ceylon Chamber of Commerce (CCC) which considers Business Councils vital to its goals and objectives in promoting bilateral trade and investment, at the request of the Department of Commerce will be launching the Sri Lanka-Maldives Bilateral Business Council on May 25.

For CCC, which has been successfully operating 18 Bilateral Business Councils under its purview for over 28 years, Sri Lanka-Maldives Bilateral Business Council would be 19th Bilateral Business Council to be formed under its aegis.

The main objective of this Council would be promotion of trade, investment, joint ventures, tourism and services between Sri Lanka and the Maldives.

‘Maldives being the third largest trading partner of Sri Lanka amongst the SAARC Countries accounting for US$ 45.85 million, had a longstanding need to establish a strong link between Sri Lanka and the Republic of Maldives, to further strengthen its Bilateral trade ties.

The request of Ms. Manel De Silva, Director General of the Department of Commerce to the CCC to form the Sri Lanka - Maldives Bilateral Business Council was timely since we too had identified Maldives as a potential market and our members too felt that they need a formal linkage to emerge into this market.

This originated as a recommendation of the Sri Lanka - Maldives Joint Commission held last year and we are privileged to have been given the honour of forming this Council,’ Secretary General/CEO of the CCC Prema Cooray said.

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