Chamber forms Lanka - Maldives Business Council
TRADE: Maldives is a very important trading partner of Sri
Lanka, the third largest business partner in the region. The value of
trade between Sri Lanka and Maldives is around US $ 54 million, Minister
of Export Development and International Trade, Prof. G.L Peiris said at
the inaugural meeting of the Sri Lanka-Maldives Business Council.
He said both countries should release tariffs on trade between the
countries. The Minister of Economic Development and Trade of Maldives,
Mohamed Jaleel, said Maldives is already a free trade zone. Through this
the Sri Lanka- Maldives Business Council can challenge the countryâ€™s
The capacity of the cargo facilities should increase to compliment
both economies. For this the Export Development and International Trade
Ministry has made some arrangements with SriLankan Airlines, Prof. G.L
He said Sri Lanka has enough resources to develop the fruit and
vegetable cultivation, which Maldives does not have. We also have
skilled population seeking employment opportunities.
â€śWe can utilise these resources to develop a warm relationship
between the countries and develop both counties with the help of this
This is the 19th Business Council of the Ceylon Chamber of Commerce.