The National Chamber of Commerce of Sri Lanka (NCCSL) will hold a session on ‘Bilateral Trade between Sri Lanka and Malaysia’ on Thursday 24 November 2016 from 3.00 p.m. to 4.30 p.m. at the National Chamber Auditorium on D. R. Wijewardene Mawatha in Colombo.
High Commissioner of Malaysia to Sri Lanka Wan Zeidi Wan Adullah will be the Special Guest Speaker.
The Malaysian High Commissioner will speak on current business trends, trade potential, opportunities for export, import and investment, and other services available in Malaysia.
At the session, participants will get an opportunity to meet the envoy to clarify any issues related to doing business with Malaysia.
Trade between Sri Lanka and Malaysia has been increasing over the last few years and Malaysia has emerged as one of Sri Lanka’s major trading partners. Sri Lanka exports to Malaysia include natural rubber and rubber based products (tires, gloves etc.), precious and semi-precious stones (rubies, sapphires and emeralds), tea, apparel and coconuts. Sri Lanka’s main imports from Malaysia are petroleum, palm oil, timber and timber products, rubber and rubber products, cocoa, vegetable fats, chemicals, urea, plastics, iron and steel.
Malaysia has had one of the best economic records in Asia, with its GDP growing at an average of 6.5% per annum for almost 50 years. The economy has traditionally been fuelled by its natural resources but is expanding in the sectors of science, tourism, commerce and medical tourism. Today, Malaysia has a newly industrialised market economy.