24 June 2016 12:00 am
Korean Ambassador Won-sam Chang will be the special guest speaker at a session on ‘Bilateral Trade Between Sri Lanka and Korea’ organised by the National Chamber of Commerce of Sri Lanka (NCC), on Thursday, June 30, 2016, from 3:00 p.m. to 4:30 p.m., at the chamber auditorium, No: 450, D.R. Wijewardena Mawatha, Colombo 10.
The ambassador will be accompanied by four of Korea’s governmental bodies based in Sri Lanka: Korea Trade-Investment Promotion Agency (KOTRA) represented by Koh Won-chul, Korea International Cooperation Agency (KOICA) with Resident Representative LeeDong-ku, Korea Export-Import Bank (Korea EXIM Bank) represented by Jung Sung-soo and Korea Project on International Agriculture (KOPIA) with Director Choi Inju.
They will brief their respective activities in Sri Lanka, with a focus on the economic cooperation between the two countries.
The participants will get an opportunity to interact with the ambassador and representatives of the Korean trade agencies with regard to their services and trade for Sri Lankans. Korea has been one of the most important sources of foreign direct investment to Sri Lanka. At present there are 116 Korean projects/companies in operation in Sri Lank – the main sectors in which the South Korean investors have invested in Sri Lanka are textile and apparel, railway infrastructure, housing and property, etc., which are more labour-incentive industries. Such investments have contributed towards expansion of manufacturing activity and employment generation as well. Over 6,000 Sri Lankans are presently employed in South Korea under skilled workers category.
Apparel is the major export item from Sri Lanka, also coconut fibre, articles of apparel and clothing, gloves, activated carbon, aluminium, etc.
Sri Lanka’s major imports from Korea is petroleum oils and oils obtained from bituminous minerals, other than crude, iron and steel, knitted or crocheted fabrics, machinery, etc.
For reservations for the session, kindly contact the chamber – TP 4741788 (Fouad) or email pa@nationalchamber.lk; nirmani@nationalchamber.lk.