Sri Lanka explores trade, investment cooperation with ICC in Türkiye

Sri Lanka’s Embassy in Türkiye explored trade and investment cooperation with the Istanbul Chamber of Commerce while focusing on new avenues for bilateral deals between both countries, the Embassy said.

Niluka Kadurugamuwa, the Ambassador of Sri Lanka to Türkiye with his official delegation met with the President of the Istanbul Chamber of Commerce Şekib Avdagiç recently at the Chamber’s headquarters in Istanbul.

“The meeting focused on exploring new avenues for bilateral trade and investment cooperation between Sri Lanka and Türkiye, with the objective of further enhancing the mutually agreed bilateral trade target of USD 500 million under the Türkiye–Sri Lanka Joint Economic Cooperation framework,” the Embassy said in a statement.

Ambassador Kadurugamuwa, during the session highlighted the growing potential for Turkish businesses to explore increased trade and investment opportunities in Sri Lanka.

He also encouraged greater engagement in sectors of mutual interest, emphasizing Sri Lanka’s strategic location, investor-friendly environment, and expanding economic prospects, the Embassy said.

“The discussions further covered potential areas of collaboration including the enhancement of air connectivity, maritime cooperation, and tourism cooperation between the two countries.”

“The Ambassador elaborated on the importance of strengthening people-to-people connectivity and promoting closer commercial partnerships between the business communities of both nations.”

President Şekib Avdagiç pointed out the prospects of expanding trade relations particularly through increased Turkish investments in the island nation.

“He also expressed interest in promoting Sri Lanka as an attractive destination for Turkish travelers and investors,” the Embassy said.

“As an initial step towards strengthening business-to-business engagement, the two sides agreed to organize a virtual B2B session connecting Sri Lankan traders and exporters with their Turkish counterparts to explore potential trade and partnership opportunities.”

Istanbul Chamber of Commerce is one of the largest and most influential business organizations in Türkiye, representing a wide range of industries and enterprises based in Istanbul, the country’s commercial and financial hub.

Established in 1882, the Chamber plays a significant role in promoting trade, investment, entrepreneurship, and international economic cooperation.

Source: Economy Next