Deputy Minister of Foreign Affairs Arun Hemachandra has actually expressed Sri Lankas interest in strengthening relations with Bangladeshs personal sector.Strengthening relations between the economic sectors of both Bangladesh and Sri Lanka would boost bilateral trade and financial investment, he stated while meeting with the visiting business delegation of Dhaka Chamber of Commerce and Industry (DCCI) in Colombo, stated a press release.The DCCI group led by its president Taskeen Ahmed today paid courtesy get in touch with Deputy Minister of Foreign Affairs and Foreign Employment Arun Hemachandra, and Deputy Minister of Finance and Planning, Dr.
Harshana Suriyaperuma, at their particular ministries.Regarding a Free Trade Agreement (FTA) with Bangladesh, Arun Hemachandra mentioned that Sri Lanka has actually currently signed FTAs with Thailand and Singapore, and is presently evaluating the prospective benefits and threats of an FTA with Bangladesh.He invited Bangladeshi business owners to invest in Sri Lankas promising sectors and guaranteed full assistance from the Sri Lankan side.Taskeen Ahmed mentioned that due to continuous geopolitical shifts, international trade dynamics are altering, brand-new chances are opening up throughout South and Southeast Asia.He kept in mind that while Bangladesh is the worlds second-largest exporter of ready-made garments, Sri Lanka is substantially ahead in areas such as innovation, value addition of items, and innovation.Taskeen Ahmed highlighted that there is ample capacity for bilateral trade and joint efforts in between the economic sectors of both nations to expand.The DCCI president likewise emphasized that signing a FTA would further strengthen trade ties and people-to-people connection in between both countries.He revealed that Bangladeshi firms like joint collaboration with Sri Lankan organization partners and hoped that Sri Lankan business owners would also think about purchasing prospective sectors of Bangladesh.Former DCCI president Rizwan Rahman discussed that the economies of Bangladesh and Sri Lanka are rather similar in structure.Therefore, a Preferential Trade Agreement (PTA) might not be so efficient, and a full-fledged FTA would better accelerate bilateral trade and financial investment of the two countries, he added.In a different conference Dr Harshana Suriyaperuma said both countries have ample opportunities for joint collaboration, especially in information technology and digital services, pharmaceuticals, tea, energy, financial services, and tourism.He pointed out that Sri Lanka has actually already created an ambitious digital roadmap aimed at transforming the nation into a fully digital state within the next 2 years, with all services automated.The Deputy Minister included that the federal government is encouraging foreign investment in the facility of cutting edge information centers, a location where Bangladeshi investors might be part of it.He also invited Bangladeshi financiers to explore chances in Sri Lankas pharmaceutical sector to assist satisfy the local need.