The Sri Lanka-France Business Council wants to grow trade with France. They aim to make economy links stronger and grow exports. This council works under the Ceylon Chamber of Commerce. It tells local businesses to look for trade chances in France. France is known for technology and engineering.
In response, the European Union is looking positively at Sri Lanka. This is because of Sri Lanka’s active role. This shows both countries can do well in trade together.
Now, trade between these countries shows Sri Lanka is doing well globally. It earns more from exports than France does. The Sri Lanka-France Business Council believes this is a great opportunity. They think trade with France can reach new heights. This could mean a lot of economic benefits for both.
Key Takeaways
- Embarking on stronger Sri Lanka-France trade relations for increased export growth.
- Leveraging international trade opportunities within France’s robust economy.
- Building upon positive policy changes for fruitful economic partnerships.
- Capitalizing on France’s technological leadership to enhance bilateral trade vigor.
- Exploiting the current trade balance favoring Sri Lanka to further mutual economic interests.
- Envisioning new peaks in the collaborative economic dynamics between Sri Lanka and France.
New Leadership Spearheads Trade Enhancement Initiatives
The Business council leadership plays a big role now. They aim to better export enhancement and grow the economy together with France. The goal is to use advanced technology in business. This will help both countries grow well.
Fresh Appointments at Sri Lanka-France Business Council
A new team of leaders was chosen recently. Asanka Ratnayake is now the President. He and his Vice Presidents, Senaka Amerasinghe and Samantha Rajapaksha, will make the partnership stronger. They plan to use smart plans and new trade ideas.
Asanka Ratnayake’s Vision for Franco-Sri Lankan Trade
Asanka Ratnayake brings fresh energy to trade talks. He wants to use France’s tech skills to help Sri Lanka’s economy grow. The goal is for French companies to come and grow in Sri Lanka. This could make Sri Lanka’s exports much better worldwide.
Technological and Economic Synergies
The Sri Lanka-France Business Council, the Export Development Board (EDB), and the Sri Lankan Embassy in Paris are working together. They want to make Sri Lanka’s exports much stronger. This will improve both technology and the economy in Sri Lanka.
- Boosting infrastructure to entice French technology firms to Sri Lanka.
- Structured engagement with French business magnates to foster advanced industry practices.
- Enhanced cooperation with the Export Development Board, accentuating Sri Lanka’s export potential.
Assessing the Current Trade Landscape and Future Potentials
Trade between Sri Lanka and France is strong. Sri Lanka has a trade surplus with France. In 2015-2016, Sri Lanka earned a lot from exports. They made US $191 million compared to France’s US $116 million. This shows Sri Lanka’s skill in international trade.
They are good at selling textiles, rubber, coffee, tea, and spices. These products are important for Sri Lanka’s economy.
The Sri Lanka-France Business Council helps a lot. It started in 2004 and has 75 members. The council works hard to improve exports and invest in Sri Lanka. Their work helps both countries grow.
Tourism is also doing well. In 2015, 9.2% more French tourists visited Sri Lanka. This helps the economy and friendship between the two countries.
Sri Lanka and France are getting closer through trade. They want to work together even more in the future. Sri Lanka’s good trade position can lead to growth in different areas. Both countries can benefit a lot from this partnership.
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