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DCCI for signing PTA to expand trade with Sri Lanka

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Business Desk :

Dhaka Chamber of Commerce and Industry (DCCI) has emphasized signing the Preferential Trade Agreement (PTA) between Bangladesh and Sri Lanka to expand bilateral trade and investment.

The chamber observed that Sri Lanka’s experience and technical assistance in the development of the maritime economy, deep-sea fishing and port management will play an important role in improving Bangladesh’s skills in these sectors.

DCCI on Tuesday made the observation at a business dialogue between the visiting delegation of the DCCI and the Ceylon Chamber of Commerce was held at the Hilton Colombo Residence Hotel in Sri Lanka, reports BSS.

Sri Lanka’s Minister for Industry and Entrepreneurship Development Sunil Handunneththi was the chief guest at the event.

Taskeen Ahmed said that despite the immense potential of trade and investment between the two SAARC countries, it has not yet reached the desired level, but this potential can be exploited by improving relations between the private sectors of the two countries.

“Sri Lankan entrepreneurs can invest in Bangladesh’s logistics infrastructure, tourism, education and health services, construction, renewable energy, agro-processing products and information technology sectors,” he added.

The DCCI president also urged Sri Lankan businesses to import pharmaceuticals, readymade garments, footwear, electronics and jute products from Bangladesh.

Chairman of Ceylon Chamber of Commerce Duminda Hulangamuwa said that Bangladesh is one of the closest friends of Sri Lanka for many years.

“Despite the trade figures between these two friendly SAARC countries does not reflect the real strength of both-way trade, but it is high time we move it further,” he added.

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