The recent Asia Pacific Trade Facilitation Forum held in Sri Lanka drew more than 190 delegates including Sri Lankan officials, business leaders and representatives from regional chambers. Hosted by the Ceylon Chamber of Commerce, the Ministry of Industry and Commerce, United Nations Economic and Social Commission for Asia and the Pacific, and the Asian Development Bank, the Forum held meaningful discussions between trade partners of the Asia-Pacific region, focusing on economic opportunities and breaking trade barriers.
This could prove to be a milestone investment event for Sri Lanka as the country gears up for economic development. Sri Lankan business leaders presented their proposals to the export markets in the Asia-Pacific region and discussed the country’s instrumental role in promoting interregional trade ties.
The delegates also discussed the current economic situation of Sri Lanka that has improved due to its financial recovery and job creation that has spurred as a result of its trade activities. Shedding light on Sri Lanka’s business climate, Rishad Bathiyutheen, Sri Lankan Minister of Industry and Commerce pointed out that trade facilitation bears economic benefits for the country, which also suits its strategic geographical location. The trade delegates concluded the Forum on the note that Sri Lanka has the potential of becoming the next economic hub of Asia.