A high-level business delegation from Oman visited Sri Lanka recently on the invitation extended by the National Chamber of Commerce of Sri Lanka to the Oman Chamber of Commerce and Industry (OCCI).
The delegation was led by Chairman of the OCCI, Redha Bin Juma Al Saleh. The visit was to explore and enhance trade and investment opportunities between Sri Lanka and the Sultanate of Oman. The visit was envisaged to open a new chapter for private sector cooperation between the two countries. The Oman-Sri Lanka Business Forum was held at the National Chamber of Commerce of Sri Lanka, exploring ways of developing commercial and investment partnerships.
Chairman of Oman Chamber, Al Saleh, said he looks forward to an expansion of commercial and investment exchange, which experienced a stage of fluctuation over recent years.
Last year, commercial exchange between the two countries stood at about $113 million, said Al Saleh, noting that the volume of exports accounted for $99 million and import $13 million. In 2020, commercial exchange between Oman and Sri Lanka stood at $44 million, compared to $75 million in 2019, Al Saleh added.
President of the National Chamber, Nandika Buddhipala said that commercial ties between Sri Lanka and Oman are deep-rooted and that these relations have to be used to bolster business and investments.
He hoped that such forums would develop economic and investment relations between the two countries.
During the forum, bilateral trade meetings were held between members of the Omani commercial delegation and their Sri Lankan counterparts. The meetings shed light on various aspects of commercial and investment cooperation.