SLACC concludes successful Australian trade mission in Sri Lanka

Monday, 27 February 2017 00:09 - - {{hitsCtrl.values.hits}}

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Another successful Australian trade mission to Sri Lanka led by the Sri Lanka and Australia Chamber of Commerce (SLACC) brought in about $ 480,000 in investment and 8-15 new jobs to Sri Lankan tech sector in 2017.

The trade mission comprised of eight Australian delegates who travelled to attend prearranged appointments in Sri Lanka. On the final day of the mission, the Australian companies and their Sri Lankan partners signed contracts and cooperation agreements in IT related projects.

Australian delegate Barry Archer added that the preliminary outcome of this trade mission was indeed a positive one. “When it comes to technology, Sri Lanka has knowledge and expertise that Australia can use. In the future too there will be results from this mission, because we were brought in contact with Sri Lankan companies, knowledge institutions and governments during the visit,” added Archer.

Sri Lanka and Australia Chamber of Commerce President Kalum De Silva added, “We are happy to wrap up yet another successful Australian trade delegation to Sri Lanka. For some companies on this visit, ‘success’ was an initial meeting or consultation with Sri Lankan business leaders that will lead to business in the future. For others, success was more immediate with some companies leaving Sri Lanka with new contracts and partnerships. Either way, these companies have made important inroads into one of the most promising and upcoming tech destinations in the world, while adding to Sri Lanka and Australia bi-lateral trade partnership.”

At present, Australia has a significant need for latest solutions in innovative technology. Sri Lanka has become a hub for innovative technology. Overall, the trade mission was an important step towards closer collaboration between innovative technology providers in Sri Lanka and partner organisations in Australia.

SLACC is the only integrated bi-lateral, member-based Chamber umbrella constituted under the Australian Chamber of Commerce and Industry to foster commercial trade and dialogue between Sri Lankan and Australian businesses; and are dedicated to providing practical and on-the ground support for businesspeople who are entering or exploring the two markets.