Sri Lanka, Egypt in talks to ramp up trade

02 May '24

1 min read

Sri Lanka, Egypt in talks to ramp up trade

Pic: Adobe Stock

Insights

Sri Lankan trade minister Nalin Fernando recently met Egyptian ambassador Maged Mosleh to discuss measures to boost bilateral ties.
Ambassador Maged Mosleh reportedly underlined that Sri Lanka-Egypt Joint Commission on Trade and Economic Cooperation (JCTEC) would be an excellent platform to enhance bilateral economic ties between the two countries.

Trade minister Nalin Fernando recently held discussions with Egyptian ambassador Maged Mosleh to explore avenues for strengthening bilateral ties even as the Egyptian envoy on his part highlighted the potential of the Sri Lanka-Egypt Joint Commission on Trade and Economic Cooperation (JCTEC) as a pivotal platform for fostering closer economic relations between the two nations.

This is as per media reports, which added Fernando revealed plans to convene the next JCTEC session in June this year.

Emphasising Africa’s burgeoning market potential, Mosleh encouraged Sri Lankan exporters to invest in Egypt, leveraging the relaxed rules of origin under a free trade agreement.

The discussions also centred on enhancing existing trade and economic cooperation through avenues like exhibitions and foreign delegations.

The Ministry of Trade Commerce and Food Security secretary AMPMB Athapaththu and officials from the Department of Commerce were also present during the deliberations, underlining the government’s commitment to advancing bilateral relations with Egypt.

Fibre2Fashion News Desk (DR)