FCCISL Enters into Bi-Lateral Agreement with Bahrain
A MOU was signed by the Bahrain Chamber of Commerce and Industry (BCCI) and the Federation of Chambers of Commerce and Industry of Sri Lanaka (FCCISL) on 29th July 2009 to set up a Joint Business Council (JBC) in order to execute business promotional activities in trade, investment technology transfer, service and other industrial sectors more systematically between the two countries.
The MOU was signed by President of the FCCISL, Kosala Wickramanayake and the Chairman of the BCCI, Dr. Essam Abdullla Yousif Fakhro.
“Economic Development, Industrial Development, Commerce, tourism and the like will be focused on for development and partnership purposes , trade opportunities in the textile and garment industries, as well as the tourism industry will be explored byBahrain in the near future. The textile and garment industries, focusing on private and government, small and medium enterprises together with the tourism sector are set to benefit by the contributions to be made by Bahrain, and are set to have a positive effect on Sri Lanka’s GDP.
” These sentiments were echoed during a meeting between the Minister of Industry and Commerce of Bahrain, Mr. Hassan Abdulla Fakhro and his Sri Lankan counterpart, Minister of International Trade, Professor G.L. Peiris at the above occasion. The Signing of MOU between Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) and Bahrain Chamber of Commerce and Industry (BCCI) took place to co-inside with the state visit of Hon. Prime Minister of Bahrain to Sri Lanka at the invitation of His Excellency the President of Sri Lanka. A strong Trade delegation led by the Bahrain Chamber of Commerce and Industry accompanied the Bahrain PM’s to visit of Sri Lanka.
FCCISL being the apex body of Private sector representation in Sri Lanka contributes in a larger capacity for the betterment of business community and economic development of the Island. The visiting Bahrain Chamber boss expressed their happiness to join in hands with FCCISL who boast Island wide representation having affiliation of our 56 chambers and Trade Associations under their belt. Kumar Mallimarachchi the Vice President FCCISL and Sam Stembo Assistant Secretary General/CEO of FCCISL also witnessed the signing of MOU.