Exploring Prospects for Bilateral Commerce between SL and the Philippines: Digital Interplay between the State Buying and selling Company of Sri Lanka (STC) and the Philippine Worldwide Buying and selling Company (PITC)
The Embassy of Sri Lanka in Manila initiated a digital introductory assembly between the State Buying and selling Company of Sri Lanka (STC) and the Philippine Worldwide Buying and selling Company (PITC) on 13 January 2021 to debate alternatives for mutually-beneficial commerce engagements between Sri Lanka and the Philippines.
Ambassador Shobini Gunasekera, in her welcome remarks, enjoined the 2 organizations to pursue worthwhile initiatives within the commerce sector with the aim of strengthening the bilateral commerce relations of the 2 nations. She highlighted the significance of figuring out areas for engagement within the commerce sector the place the strengths and experience of each nations can complement on particularly in agriculture, info know-how, processed meals manufacturing, amongst others.
Deputy Basic Supervisor -Advertising of STC. Mahesh Mendis supplied an outline of the mandate and features of their establishment. He elaborated on Sri Lankan merchandise and merchandise with excessive potential within the Philippine market in addition to import prospects for Philippine merchandise to the Sri Lankan market.
Alternatively, the PITC, represented by its officers; Vice President for Worldwide Commerce Providers Atty. Mark Brian Dela Cruz, OIC-Vice President for Exports Joel Rodriguez, and, Supervisor of the Countertrade Division, David Inocencio talked about their curiosity to work with the STC in figuring out alternatives for Sri Lankan exports within the Philippines. Additionally they dedicated to help their counterpart company in sourcing its import necessities.
The institution of a framework settlement was additionally raised with the aim of streamlining collaboration and engagements between the 2 businesses. Each events agreed to check the opportunity of this initiative.
The STC is a completely authorities owned establishment functioning underneath the purview of the Ministry of Commerce of Sri Lanka. The group is an esteemed establishment well-rooted within the company sphere of the Sri Lanka, owing to its skill to cater to a big number of industries and segments. In the meantime, PITC is an ISO-certified state buying and selling enterprise underneath the Division Of Commerce and Trade-Philippines (DTI), mission-driven to assist the Philippine authorities obtain its financial route of market growth and world competitiveness.