The Ceylon Chamber of Commerce and the Maldives Business Chamber have signed a Memorandum of Understanding (MoU) aimed at creating new opportunities for businesses in Sri Lanka and the Maldives to expand trade, investment and commercial partnerships.
The agreement was signed in the presence of Wasantha Samarasinghe, Minister of Trade, Commerce, Food Security and Cooperative Development, and Masood Imad, High Commissioner of the Republic of Maldives to Sri Lanka.
The MoU was signed by Krishan Balendra, Chairperson of the Ceylon Chamber of Commerce, and Ahmed Amjad, President of the Maldives Business Chamber.
The partnership establishes a framework for continued collaboration between the two business chambers, with a focus on strengthening business-to-business connections and facilitating greater trade and investment between the two countries.
Key areas of cooperation include promoting trade and investment opportunities, supporting business missions and networking initiatives, sharing market intelligence and encouraging collaboration across sectors of mutual interest.
Sri Lanka and the Maldives have longstanding economic and people-to-people ties, with significant potential for further cooperation across a range of industries.
These include tourism, logistics, construction, healthcare, food and agriculture, financial services and professional services.
The new MoU is expected to provide a practical platform for businesses in both countries to identify and capitalise on emerging opportunities through closer institutional cooperation.
By strengthening links between the two chambers, the partnership aims to facilitate new commercial relationships, encourage cross-border investment and support the expansion of bilateral trade between Sri Lanka and the Maldives.