Belgian trade delegation here
A Belgian trade and investment delegation will be visiting Sri Lanka
from November 22 to 26. The delegation consists of 40 companies (over 50
persons) in the fields of agro-food, machinery, construction, interior,
energy, fisheries, gems, information technology, infrastructure, water
supply, financial services, textile, tobacco, tourism investments and
various trading companies.
Most of them are seeking to do business with Sri Lanka for the first
The need to further develop economic cooperation can be clearly felt
from both sides. Projects of several Belgian companies in the health
sector, infrastructure, water supply, water sanitation and waste
disposal in excess of Euro 50 million have already been received or are
in the process to be approved by the Government and many more projects
are waiting to be implemented.
Belgium Ambassador to Sri Lanka Jean Deboutte said this trade mission
comes at a most opportune moment. “After a long war, Sri Lanka is
embarking on a new phase of its economic development, whereas the
Belgian economy is in an expansion phase, after the global economic
The conditions are thus right to engage in an enhanced cooperation
and to maximize the benefits of complementarities between the two
economies,” he said. Sri Lanka’s Ambassador to Belgium, Luxembourg and
the EU Ravinatha Aryasinha, said given that at present over 70 percent
of Sri Lanka-Belgium two way trade centres on diamonds and Belgian
investment is limited to a handful of products, the diversity in the
sectors represented by the participating delegation is its most
“That a bulk of them for the first time have chosen to explore
investment opportunities in Sri Lanka and import our products
notwithstanding the absence of preferential trade with Europe, is
indicative of the competitiveness and potential Sri Lanka continues to
enjoy in these markets. Together with Belgian tourist arrivals expected
to increase by over 100 percent by the end of this year,” he said.
During their stay in the island the delegation will meet government
officials and attend a briefing at the BOI, as well as a sector specific
seminar held in collaboration with the Chamber of Construction Industry.
Two match making opportunities are also being organized by the Sri
Lanka Export Development Board, as well as by the Benelux Business
Council of the Ceylon Chamber of Commerce, for companies interested in
meeting Sri Lankan exporters and manufacturers.
The visiting Belgian companies will also have individual B2B
meetings. The program also provides opportunities for visits to Sri
Lanka’s blue-chip companies, several companies based on Belgian
investment, Building a Future Foundation in the frame of sustainable
fishing and touristic exploration and excursions.