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Israeli Delegation Explores Trade Opportunities with Sri Lanka

In a significant development, an official delegation from Israel recently met with senior officials from the Sri Lanka Export Development Board (EDB) to discuss avenues for promoting trade and economic cooperation between the two nations. The fruitful discussion took place last Thursday and aimed to strengthen bilateral ties.

Representing Israel were Mr. Ophir Kariv, Head of Bureau at the Economic Affairs Division of the Ministry of Foreign Affairs, and Ms. Hagar Sapiro-Tal, First Secretary of the Embassy of Israel in India, with accreditation for Sri Lanka.

The meeting focused on exploring mechanisms to enhance bilateral trade, with valuable insights shared on trade opportunities available in Israel. The Israeli delegation expressed their satisfaction regarding the informative webinar organized by the Sri Lanka Embassy in Israel and the EDB, in collaboration with the Israel–Sri Lanka Chamber of Commerce and Israel–Asia Chamber of Commerce, held on June 19, 2023. The webinar played a vital role in informing Sri Lankan exporters about the Israeli market, generating growing enthusiasm among them.

In light of this enthusiasm, senior EDB officials expressed their intention to conduct sector-specific webinars and facilitate inward and outward business-to-business (B2B) missions in collaboration with Israeli authorities. Furthermore, the EDB directors provided an overview of the capabilities of the Sri Lankan export sector, categorized by sectors and markets, to the visiting Israeli representatives.

The representatives from Israel highlighted potential collaboration opportunities in sectors such as Health-tech, Biotech, and Agro-tech. Israel’s advanced scientific and technological capabilities make these sectors particularly promising for joint ventures and partnerships between the two countries.

The meeting concluded on a positive note, with both sides expressing their commitment to further explore and harness the immense potential for trade and economic cooperation between Israel and Sri Lanka. The outcomes of this discussion are expected to lay the foundation for future collaborations and boost bilateral trade to the mutual benefit of both nations.

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