Top biz from fourth export destination mob Lanka's B2B


Rishad Bathiudeen (Minister of Industry and Commerce-seated third from right) addresses the Belgium investors in Brussels.

The fourth largest global destination for Lankan exports, is equally bullish on biz-partnerships with the country. "I thank you for making this event a real success. Your investment interest on Sri Lanka's new growth is now very clear and I invite you to November's 'Reflection of Sri Lanka' event in Colombo for a first- hand look on what we offer to the world" said an upbeat Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka in Brussels.

Jointly organised by Brussels Enterprises Commerce and Industry (BECI), Brussels Invest & Export, the Embassy of Sri Lanka in Brussels and Voka Halle-Vilvoorde, the event was attended by Lankan private sector reps from such firms as Lalan Group of Companies, Chas P Hayley & Company (Pvt) Ltd, Galuku Hydroponic Ltd, Warna Exports, Lanktrad International, NH Fisheries Ltd etc. The investment sectors in focus in Brussels were coir, apparel, handmade paper, rubber, consumer products, fisheries, ICT, wooden toys and children's furniture. No less than 50 Belgium firms were busy exploring joint ventures and other partnerships with Sri Lankan reps during the 07 October event.

"Belgium has become the fourth largest destination of Sri Lanka's exports to the world last year, while Belgium is the 11th largest supplier to Sri Lanka. The total trade turnover in 2012 stood at $ 826 Mn, a 65% increase from the $ 501 Mn in 2005" said Minister Bathiurdeen addressing the Belgium biz. This is the third official visit to Belgium by Minister Bathiudeen.

"Both countries have the make and outlook of a trade hub. Such synergetic trade relations could be further strengthened by Belgium business visiting Sri Lanka in November this year during the Commonwealth Heads of Meeting (CHOGM). In parallel to the CHOGM, we are also organizing a trade, tourism and investment exposition to showcase our capabilities to visiting global representatives and top level business visitors. The exhibition will also provide you the special opportunity of exhibiting your machinery and technology free of charge. I invite you to November's 'Reflection of Sri Lanka' event in Colombo for a first- hand look on what we offer to the world" Minister Bathiudeen added. "We warmly welcome the Lankan delegation to Brussels" said Jacques Ervard, Managing Director of Brussels Invest & Export. "I am confident in the success of this programme considering the continuous engagements of Sri Lanka with Belgium Business Community" Ervard added.

"Sri Lanka is going to be Asia's Business Hub in areas of Naval, Aviation, Knowledge and Energy Sectors and ever since the end of the war there are ample opportunities for expansion of trade. The rapid developments in the infrastructure have further facilitated Belgium engagements with Sri Lanka" said P.M Amza, Lanka's Ambassador to Belgium, addressing the Belgium biz.

R.D.S. Kumararatne, Acting Director General of the Department of Commerce explained that Sri Lanka is becoming the Business Hub in Asia. Similarly, Belgium being the Business Hub in Europe will provide greater scope to work together in expanding trade in goods and services. While presenting the upcoming trade Exposition in parallel to CHOGM in Sri Lanka, he explained in details of the facilities extended for visitors, buyers and exhibitors of machinery at the exhibition.

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