The launch of the SLIBC extends the Ceylon Chamber’s global business and industry network, enhancing member’s access to business and trade promotion opportunities, while promoting economic cooperation between the two countries.
Chief Guest at the launch event Ambassador of Indonesia Dewi Gustina Tobing promised initiatives to enhance the long-standing political and economic relations between Indonesia and Sri Lanka. The proposed preferential trade agreement between Sri Lanka and Indonesia can unlock substantial economic opportunities for both countries opined ambassador Tobing at the launch of the Ceylon Chamber of Commerce attached Sri Lanka – Indonesia Business Council (SLIBC). She also hailed the formation of this Council. She encouraged Sri Lankan companies to participate in the annual trade expo in Indonesia, to explore potential collaborations.
The newly appointed President of the SLIBC Vish Govindasamy, Group Managing Director, Sunshine Holdings Ltd. said the Council plans to explore opportunities in technology and tourism. Leveraging opportunities presented by Indonesia’s burgeoning economy which is expected to reach GDP $1.38 trillion in 2023, the Council will also pursue closer collaboration in export sectors such as knitted fabric, lace, tapestry, tea, spices, and apparel, as well as imports from Indonesia including fertilizer, tobacco, rubber, pharmaceutical products, and paper, he added. Indonesia’s strength in manufacturing, mining, and its plans to become a major electric battery producer will also present trade and investment opportunities.
Plans to organize a business delegation from Sri Lanka to Indonesia which will foster direct connections and business opportunities are currently underway, serving as a platform for businesses from both countries to collaborate and explore opportunities for mutual growth and cooperation.
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