Ceylon Chamber to boost Sri Lanka, Nepal economic ties

The Ceylon Chamber of Commerce with a view to build a dependable, pragmatic, and advantageous relationship and to establish friendly and cordial relations between Sri Lanka and Nepal have signed a Memorandum of Understanding with Morang Merchants’ Association, Biratnagar, Nepal on 17 October.

The MOU was signed between the two organisations to increase co-operation among the members of the two organisations. Both institutions agreed that it is imperative to maximise dissemination of information that could lead to further increase in bilateral trade between Sri Lanka and Nepal.

In addition, it was agreed to promote joint ventures, initiate partnerships, provide technical expertise, introduce licensing possibilities, and arrange visits of businessmen in co-operation with Board of Investments of both countries, and the respective diplomatic entities, whenever possible. The Ceylon Chamber of Commerce has already signed 84 such co-operation agreements with leading Chambers of Commerce and Trade Promotion Organisations for the benefit of its members to date.

The Ceylon Chamber of Commerce is an effective spokesman of the Sri Lankan business sector. Founded in 1839, the institution has been the focal point for business contacts both locally and abroad for more than 172 years. It has many specialised committees, affiliated associations and bilateral business councils with its members serving on various institutions and committees set up by the Government and the private sector.