Port City Colombo inks MoU with Thai-SL Chamber of Commerce

Port City Colombo (PCC), Sri Lanka’s most ambitious integrated development project and the country’s first foreign currency designated Special Economic Zone dedicated to exports of services, has taken a significant step towards fostering stronger ties between the Thai and Sri Lankan business communities by signing Memorandum of Understanding (MoU) with Thai-Sri Lanka Chamber of Commerce (TSLCC) in Bangkok, Thailand.

The signing of this MoU marks a pivotal moment in promoting bilateral trade and investment opportunities between Sri Lanka and Thailand, through PCC. The objective of the agreement is to facilitate and enhance cooperation, providing a platform for business development and collaboration between the two nations. Sri Lanka and Thailand have a warm history of trade and political cooperation stretching back many centuries, and share similarities between their cultures and aspirations, making for a strong foundation for further international cooperation. Representatives from both entities were present at the signing ceremony.

During the event, discussions focused on the abundant business opportunities within Port City Colombo and the potential for collaboration in various sectors. Both parties expressed their commitment to exploring avenues for mutual growth, trade expansion and investment promotion.

The MoU between Port City Colombo and the Thai-Sri Lanka Chamber of Commerce marks a significant milestone in strengthening economic cooperation and fostering greater connectivity between Sri Lanka and Thailand. It paves the way for deeper engagement, and opens up a multitude of possibilities for businesses in both countries.