Business News: On July 31, 2020, at the initiative of the Embassy of Sri Lanka in Russia, an online meeting was organized between the Embassy and the Ural Chamber of Commerce and Industry (CCI) for the discussion of potential ways to boost the trade and economic cooperation of the Ural region and Sri Lanka.
The Embassy was represented by Prof. M. D. Lamawansa, Ambassador of Sri Lanka to Russia, Mohamed Anas, Deputy Chief of Mission/Head of Chancery, and Chathurika Perera, Second Secretary (Commercial). The Ural CCI was represented by Andrey A. Besedin, President of the Chamber, Anastasia Kolpaschikova, Head of the International and Interregional Affairs Department, andIrina Ulyanova, Chief Specialist of the Department.
The meeting commenced with a demonstration of presentations by both sides highlighting the investment and trade opportunities in Sri Lanka and the trade advantages of the Ural region.
In his remarks, Prof. M. D. Lamawansa underscored the leading role of the Ural region in the overall economic development of Russia and its industrial value.
In turn, Andrey A. Besedin noted the potential for the establishment of direct collaboration between Ural and Sri Lankan enterprises and touched upon large-scale tourism and industrial exhibitions, in which Sri Lankan enterprises could participate in the near future in order to establish their networks of partners in the region.
In addition to a gamut of things, both sides specified tourism, pharmaceutical industry, food processing, and IT as some areas of mutual interest, where the Ural region and Sri Lanka could boost the bilateral trade relations.
Particularly, the Ural CCI President expressed hope for an increase in the tourist outflows to Sri Lanka from the Ural region and ensured to provide support in promotion of Sri Lanka as a tourism destination.
The parties agreed to link Ural and Sri Lankan enterprises specializing in food processing technologies for agricultural products, IT solutions, and manufacture of medical equipment and drugs and to continue further discussion on the possible cooperation in these sectors.