Insights from Japan – Sri Lanka bilateral trade meeting opens doors

Insights from Japan – Sri Lanka bilateral trade meeting opens doors

Insights from Japan – Sri Lanka bilateral trade meeting opens doors

Written by Keshala Dias

24 Feb, 2017 | 6:23 am

An event titled Sri Lanka – Japan Let’s Trade was held at the auditorium of the National Chamber on February 21.

Japan has consistently been an important SL trade partner but a slight falling has been observed in the recent past. Due to this situation,  the National Chamber of Commerce organised  a session with His Excellency the Japanese Ambassador to Sri Lanka.

The objective of this  event was to discuss  issues pertaining to the decrease in trade between Sri Lanka and Japan.

An important aspect to know is that the Japanese market is a sensitive market. Therefore, in order for Sri Lanka to prosper in the Japanese market, Sri Lanka should tailor-make products which suit the Japanese market.

Sri Lanka’s top exports to Japan were tea, garments, prawns, rubber products, ceramic tableware and kitchenware.

The Japanese Ambassador who addressed the event, noted that Sri Lanka must identify its national advantages and that it’s not a country to have production facilities everywhere in the country, adding that Sri Lanka should prioritise on its agricultural sector and natural resources.

A further discussion happened on a research seminar which is to take place on March 21 on the connectivity between ASEAN and South Asia. This is organised with the support of Japanese External Trade Organisation (JETRO), Japanese Government Research Institute and University of Colombo. The seminar focuses on ‘port development’, ‘industrialisation, ‘free-trade agreements’ and ‘Foreign Direct Investments’ (FDI).

 

 

Latest News

Are you interested in advertising on our website or video channel
Please contact us at [email protected]