SL-Oman to establish trade council

The Oman Chamber of Commerce and Industry (OCCI) looks forward to establish the Omani-Sri Lankan Council that aims at activating trade and investment co-operation between the two countries, benefiting from available opportunities and setting up larger partnership between the Sultanate and Sri Lanka.

Al Khonji, Chairman of OCCI made these observations yesterday (14) when he met with a delegation from the Central Bank of Sri Lanka led by C Jayewardena, Senior Deputy Governor of the Central Bank currently visiting the Sultanate.

The meeting touched on developing economic relations between the two countries and means of enhancing them in a manner that assists in increasing mutual trade activity, as well as activating partnership between representatives of the private sector in the private sector in the two countries, particularly in fields of banks, insurance and telecommunications.

Al Khonji explained that OCCI signed a memorandum of understanding (MoU) in Sri Lanka last year.

The Senior Deputy Governor of Central Bank urged the private sector in the Sultanate to benefit from the industrial growth being witnessed by Sri Lanka, which is famous for rubber, cement and petrochemical industries, as well as discussing the possibility of setting up joint industries in the Sultanate and the possibility of co-operation in establishing agricultural investments in Sri Lanka, reported Oman Daily Observer.