Sri Lanka’s CCC, Japan Kansai to promote trade and investment

Oct 28, 2015 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce (CCC) signed an ‘Agreement of Cooperation’ to promote two way commercial ties with Japan’s Kansai Economic Federation, a statement said. “It enables both sides to exchange information on economic and business trends in the two countries, cooperate in trade, investment, environment conservation and energy-saving and work on human resources development,” the CCC statement said. The agreement’ was signed at a ‘Round table’ meeting with a top Japanese business delegation, led by the Kansai Economic Federation to explore business opportunities in the island. “The economic relationship between Sri Lanka and Kansai, Japan is of particular significance to us (Sri Lanka) at a time the government of Sri Lanka is further encouraging investors to consider establishing joint ventures,” Samantha Ranatunga, chairman of the Ceylon Chamber of Commerce said. Masayuki Matsushita, Vice Chairman and the Chairperson of the International Committee of the Kansai Economic Federation said that Kanzai region has a strong interest in expanding business to Sri Lanka. “We have very clear objectives to obtain an in depth understanding of the status of fast-developing Sri Lankan economy, her policies towards industries and the latest investment environment and to identify the opportunities to expand business, especially in environment sector.” The round table discussion saw leading Japanese firms such as Panasonic, Mitsubishi, Nippon Express, Takenaka Corporation, Hitachi Zosen, Marubeni Corporation, Daikin Industries, Mitsui and Company limited and Kyoei Steel Limited etc. taking part. Several Sri Lankan firms, representing a multiple of sectors were also present at the meeting.