The Qatar-Sri Lanka Business Council (QSBC) signed a Memorandum of Understanding (MOU) with the National Chamber of Exporters (NCE) of Sri Lanka with the aim of fostering stronger business ties and enhancing trade and investment opportunities between Qatar and Sri Lanka.
At the launching ceremony of the Qatar-Sri Lanka Business Council, Ambassador of Sri Lanka to Qatar Mohamed Mafaz Mohideen emphasized the importance of signing MOUs and fostering mutual agreements between business chambers and associations in both countries, to strengthen bilateral business ties. He noted that this MOU marks an important milestone in this initiative.
The MOU signed outlines several areas of cooperation including providing assistance to visiting members of both organizations, missions, trade groups, etc.; exchanging information and publications on local and national economic trends with each other; promoting trade, investment, services, industrial cooperation, and business partnerships; initiating trade shows, catalog exhibitions, and other business events in each other's countries.
President of the Qatar-Sri Lanka Business Council, John Prasad stated "This MOU represents a significant landmark in advancing economic collaboration between Qatar and Sri Lanka. It presents an excellent opportunity for businesses from both nations to grow and prosper”. “Through mutual cooperation, we aim to increase the volume of trade and investment, creating enduring partnerships that will benefit the economies of both countries", he added.
Secretary General and Chief Executive Officer of the NCE Shiham Marikar emphasized that the NCE and the QSLBC will collaborate to organize joint programs and initiatives aimed at enhancing trade relations between the two countries. These programs will focus on knowledge sharing, creating networking opportunities, and exploring emerging market trends.
By partnering with the NCE, the QSLBC seeks to leverage the strengths and resources of both organizations, ensuring that their members benefit from the growing opportunities in Qatar and Sri Lanka.
Embassy of Sri Lanka
Doha
03 October 2024
