CCC in mission to Cochin, Coimbatore and Chennai

The Ceylon Chamber of Commerce (CCC) will be organising a Business Promotion Mission to Cochin, Coimbatore and Chennai from April 25 to May 1. It hopes to strengthen trade ties, establishing business links, sourcing suitable business partners in trade, investment, joint ventures, technology transfer and services.

Meetings with the business communities and officials and members of Kerala Chamber of Commerce and Industry, Cochin Chamber of Commerce and Industry, Indian Chamber of Commerce and Industry in Cochin.

The Indian Chamber of Commerce and Industry in Coimbatore, Andhra Chamber of Commerce and India - ASEAN-Sri Lanka Chamber of Commerce and Industry in Chennai, will be arranged and these will offer opportunities for mission members to have direct dialogue with their business associates. Bilateral economic and commercial relations between India and Sri Lanka have been on a sharp increase, particularly following the signing of the Free Trade Agreement (FTA) in 1998.

Trading under the FTA was implemented in the year 2000.

In the last 10 years, our bilateral trade has grown exceptionally and India has emerged as the largest trade partner of Sri Lanka.

An examination of bilateral trade statistics between Sri Lanka and India makes it abundantly clear that the Free Trade Agreement (FTA) has been a win-win situation for both countries. The overall volume of trade has increased profusely.

The basket of items being traded has also expanded. India has emerged as the largest source of imports and fourth largest export destination for Sri Lanka (rising from 16th rank in 2000).