On Monday, September 28, Afghanistan and Sri Lanka signed a “historical” memorandum, which provides both nations a trading desk within commerce chambers and helps their shared commercial goals put to practice.

The MOU was virtually signed between, CEOs of the Afghanistan Chamber of Commerce and Investment, Sayed Zaman Hashemi, and the Ceylon (Sri Lankan) Chamber of Commerce, Manjula de Silva.

Afghanistan Ambassador to Sri Lanka, Ashraf Haidari, also witnessed the signing ceremony of this memorandum.

“I am delighted to witness the fruition of our shared hard efforts over the past year to sign this historic MOU between our two Chambers of Commerce, which I have no doubt will work together, in partnership with our two Embassies here and in Kabul, to foster and deepen commercial ties between Afghanistan and Sri Lanka,” the statement quoted.

The Afghan Ambassador acknowledged the strong support from the leaderships of both countries for expanding bilateral relationships, and forging long lasting people to people ties between Afghanistan and Sri Lanka.

The MOU enables both of the chambers to “disseminate all such information as may be relevant to enhance bilateral trade and business; initiate and promote joint ventures, partnerships and other business linkages; provide technical expertise; arrange visits between the two countries; formulate proposals to accelerate bilateral relations; and convene meetings, conferences, and discussions.” The statement read.

To that end, both sides agreed on regular webinars, including major investors, to exchange business ideas and to discuss the specifics of investment opportunities in agribusiness (tea, saffron, coconut oil, fresh fruits and dried nuts), services (skilled and unskilled labor), logistics, textiles (garments, rugs and carpets), gemstones (precious and semi-precious stones), tourism, medical tourism, higher education tourism, as well as other sectors of mutual investment interest.

Haidari stated, that pending Air Services Agreement, Trade, Investment Promotion and Protection Agreements are to be signed to enhance and facilitate bilateral trade.

Once signed both countries could initiate a free trade MOU (FTA) to remove all the barriers and gain easy-profitable trade and investments, the nations will benefit a growth in all the aspects of bilateral cooperation ties.

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