Sri Lanka, Egypt in talks to ramp up trade
02 May 24 1 min read
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.
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)
Popular News
|
|
PC, polyester & viscose yarn prices rise in India; demand on the rise |
|
|
SU.RE, British Council partner to promote sustainability in fashion |
|
|
IFC launches Dutch-backed textile sector project in Jordan |
|
|
Bangladesh apparel export to Europe hit $2.963 bn in Jan-Apr 2024 |
|
|
US retailer Ross Stores posts net earnings of $488 mn in Q1 |
|
|
World Textile Sourcing adopts WFX ERP for digital transformation |
