SL Business Council and National Chamber of Exporters to Boost Trade and Investment
The Qatar-Sri Lanka Business Council (QSBC) and the National Chamber of Exporters (NCE) of Sri Lanka have entered into a Memorandum of Understanding (MoU) aimed at strengthening business connections and increasing trade and investment between Qatar and Sri Lanka.
During the launch of the QSBC, Sri Lankan Ambassador to Qatar Mohamed Mafaz Mohideen highlighted the significance of MoUs in solidifying business partnerships between the two countries. He pointed out that this agreement marks a key step in deepening bilateral trade relations.
The MoU outlines several collaborative efforts, such as supporting visiting members from both nations, exchanging economic data and publications, promoting business partnerships in trade, investment, and industry, and hosting trade shows and business events in both countries.
QSBC President John Prasad called the agreement a landmark moment in advancing economic ties between the two nations. He expressed optimism that this cooperation would boost trade volumes and investments, creating long-lasting partnerships that would strengthen both economies.
NCE Secretary General and CEO Shiham Marikar stressed that the two organizations would work together on initiatives to enhance trade relations, focusing on knowledge sharing, networking, and market trend exploration.
By teaming up with the NCE, the QSBC aims to harness the strengths of both organizations, providing their members with opportunities to tap into the growing markets in Qatar and Sri Lanka.
The QSBC will act as a bridge to promote closer business ties and mutual investments between the two nations. Prasad noted that the Council will create a supportive environment for expanding trade, attracting foreign direct investment, and exploring new sectors of shared interest.
He emphasized that the Council’s primary goals are to boost bilateral trade, encourage investment, foster collaboration between businesses, and support small and medium-sized enterprises (SMEs) in expanding globally.
Additionally, the Council will focus on diversifying trade, attracting Qatari investment in key Sri Lankan sectors like tourism and real estate, and offering the Sri Lankan business community opportunities to enter the Qatari market.
Prasad concluded by underlining the importance of active participation from both business communities to ensure the success of the Council in building a strong, mutually beneficial network.
