Kuwaiti Envoy holds talks with CCC on trade, investments
View(s):Kuwait is willing to help Sri Lanka’s development plans with required investments, its Ambassador in Sri Lanka – Khalaf Bu Dhhair has said. He conveyed this during a courtesy call to the Ceylon Chamber of Commerce (CCC) last week where he held talks with chamber chairman Samantha Ranatunga. “Kuwait is keen to engage in oil exploration and distribution activities in Sri Lanka,” he revealed in a media release issued by the chamber. He also said Kuwait is also willing to engage in the fields of construction and tourism sectors of the country. The Ambassador observed that people to people movement and more B2B meetings between the Kuwaiti and Sri Lankan businesses will help enhance commercial ties between the two nations.
In response, Mr. Ranatunga said, “The Ceylon Chamber is willing to help Kuwait and its business firms to conduct business in Sri Lanka, in whatever way we can”. He also cited the upcoming trade agreements as ideal platforms for investors to start up projects in Sri Lanka to capitalize on the trade agreements. Trade between Sri Lanka and Kuwait during the year 2015 totalled US$ 68 million, with Sri Lanka’s exports accounting for $39 million with coffee, tea and spices earning the highest share out of the total.