Home Business & Finance EDB organized a business forum with the trade delegation from Poland

EDB organized a business forum with the trade delegation from Poland

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Signing MOU with National Chamber of Commerce

EDB organized a Business Forum & B2B Meetings on Tuesday 05th of November 2019 at EDB auditorium with the participation of the Polish delegation joining in the inaugural flight of LOT Airways from Poland to Sri Lanka to enhance the bilateral trade relationship between two countries.

Deputy Minister of Development Strategies and International TradeMr.Nalin Bandara Jayamaha , Deputy Foreign Minister of the Republic of Poland, His Excellency the Ambassador of the Polish Embassy accredited for Sri Lanka in New Delhi (Mr. Adam Burakowski), His Excellency C.A.H.M Wijeratne, Ambassador, Embassy of Sri Lanka, Chairmen of  Board of Investement, Tea Board, Director Generals of EDB, Sri Lanka Tourism Development Authority,  Mr. Michał Fijoł, Chief Corporate Officer of Polish Airlines, Officials from Poland’s Ministry of Entrepreneurship and Technology, Officials of the Polish Chamber of Commerce (KIG), Other Trade Delegates from Poland, all the officials of the stakeholder institutes of Sri Lanka, representatives of private sector companies in Sri Lanka were graced this occasion.

Addressing the gathering, Hon. Nalin Bandara, Deputy Minister of Development Strategies and International Trade said that I believe this will be a great initiative to strengthen the bilateral trade relationship between both countries. In line with the Sri Lanka’s National Export Strategy, Sri Lanka should adapt the market diversification strategies by exploring opportunities in the untapped markets like Central Europe.

He further said that we can proudly announce that this year marks 62-years diplomatic relations between Poland and Sri Lanka. As well as ,Sri Lanka and Poland established diplomatic relations in April, 1957. He stressed that We would like to remind with gratitude that the Hon. Prime Minister of Poland visited Sri Lanka in January 2005 to donate assistance just after Sri Lanka was hit by the Tsunami tragedy.

Sri Lanka’s exports to Europe represent 30% of total export revenue. However 94 % of Sri Lanka’s exports to Europe cover the main markets such as United Kingdom, Germany, Italy, Belgium, Netherlands, France, Sweden, Spain, Poland and Ireland respectively.

B2B meetings

Poland is one of the emerging markets for Sri Lanka Tourism as well. According to the Sri Lanka Tourism Development Authority, around 800,000 tourists have arrived from Europe in 2018 and 20,000 tourists are from Poland. Establishment of new route of Warsaw to Colombo would lead to an increased flow of tourists to Sri Lanka from Poland and hoped that it would lead to an increased flow of passengers from Sri Lanka to Poland as well.