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Sri Lanka Investment and Business Conclave 2016- 8th to 10th March 2016, Colombo

The Ceylon Chamber of Commerce of Sri Lanka (CCC) in association with the Ministry of Development Strategies and International Trade, Ministryof Foreign Affairs, Board of Investment of Sri Lanka, Sri Lanka Export Development Board and the Sri Lanka Convention Bureau(SLCB) will be organizing “Sri Lanka Investment and Business Conclave 2016: from 8th to 10th March 2016 at the Cinnamon Grand Hotel, Colombo.

“Sri Lanka Investment and Business Conclave 2016” offers a perfect blend of opportunities aimed at enriching institutional, corporate and individual investors and business houses with a comprehensive set of guidelines for investment decisions.

Thetwo day event would offer the opportunity to the visiting foreign business partners to meet potential business partners with a view of establishing partnerships.

The final Day of the Conclave is dedicated to field visits which would include visits to Export Processing Zones, Colombo Stock Exchange, the Port of Colombo etc.

It is expected that over 150 foreign delegates would attend “the Sri Lanka Investment and Business Conclave.”

further details of the event and registration, please contact;

Sri Lanka Investment & Business Conclave 201 6 Secretariat

The Ceylon Chamber of Commerce

No. 50, NavamMawatha, Colombo 2

Sri Lanka.

 

Tel: +94115588818, 5588891, 5588800

Fax: +94112449352, 2381012

E-mail: investsrilanka@chamber.lk

www.invest-srilanka.lk

Sri Lanka's Major Imports

Sri Lanka’s Major Imports from Oman(2007-2011)

Hsco Description 2007 2008 2009 2010 2011
US $ M US $ M US $ M US $ M US $ M
2711 Petroleum gasses and other gaseous hydrocarbons. 0 4.79 7.6 50.68 166
2710 Petroleum oils and oils obtained from bituminous 1.68 1.38 1.18 29.34 44.49
3902 Polymers of propylene or of other olefins, in primary forms. 3.43 0.05 2.09 4.17 8.18
3920 Other plates, sheets, film, foil and strip, of plastics non-cellular 0.17 0.2 0.44 0.63 1.04
7203 Ferrous products obtained by direct reduction 0 0 0 0 0.87
2523 Portland cement, aluminous cement, slag cement 0 0 0 0 0.82
3815 Reaction initiators, reaction accelerators and cat 0 0 0 0 0.42
303 Fish, frozen, excluding fish fillets and other fish meat of heading no.03.04. 0.21 0.35 0.37 0.19 0.27
2522 Quicklime, slaked lime and hydraulic lime, other than calcium oxide and hydroxid 0 0 0 0 0.16
2825 Hybrazine and hydroxylamine and their inorganic 0 0 0 0 0.13
305 Fish, dried, salted or in brine; smoked fish whether or not cooked befor or duri 0.11 0.1 0.12 0.04 0.1
1905 Bread, pastry, cakes, biscuits and other bakers wares, whether or not containing 0.01 0 0 0.02 0.1

Value in Mn US$

Source:Sri Lanka Customs

Sri Lanka’s major imports from Oman are Petroleum gasses and other gaseous hydrocarbons, Petroleum oils and oils obtained from bituminous, Polymers of propylene or of other olefins, in primary forms, Other plates, sheets, film, foil and strip, of plastics non-cellular, Ferrous products obtained by direct reduction, Portland cement, aluminous cement, slag cement , Reaction initiators, reaction accelerators and cat.

Department of Commerce

July2012

Sri Lanka Trade with Oman

Trade with Sri Lanka

The Trade between two countries has not shown a regular pattern during the last five years The total trade turnover, which remained around US$ 65.6 Mn. in 2007, has decreased to US$ 19.2 Mn in 2009 and has increased to again US$ 232.96 in 2011. As could be observed from the below table, the balance of trade has been in favour of Oman during the last five years.

Year Total Exports Total Imports Total Trade Balance of Trade
2007 4.1 61.5 65.6 -57.4
2008 7.6 10 17.6 -2.4
2009 6.6 12.5 19.2 -5.9
2010 9.29 90.03 99.32 -80.74
2011 9.77 223.19 232.96 -213.4

Value in US $ MnSource: Dept. of Customs

Sri Lanka’sMajor Exports to Oman (2007-2011)
Hsco Description 2007 2008 2009 2010 2011
US $ M US $ M US $ M US $ M US $ M
8537 Boards,panels,consoles,desks,cabinets and other bases, equipped with two or more 0.85 1.13 1.53 3.83 2.48
801 Coconuts 0.24 0.24 0.45 0.76 1.33
8538 Boards,panels,consoles,desks,cabinets and other bases notequipped with their apparatus 0.34 0.49 0.27 0.52 0.85
2302 Bran, sharps and other residues, whether or not in the form of pellets, derived 0 0.13 0.12 0 0.81
4411 Wood and articles of wood; wood charcoal 0.17 0.33 0.55 0.46 0.67
2008 Fruit, nuts and other edible parts of plants, otherwise prepared or preserved, 0.03 0.06 0.7 1.13 0.59
2106 Food preparations not else where specified 0 0 0 0.11 0.53
9404 Mattress supports; articles of bedding and similar furnishing 0.45 0.67 0.51 0.56 0.52
4401 Fuel wood, in logs, in billets, in twigs, in faggots or in similar forms; wood 0 0.1 0.31 0.19 0.33

Value in Mn US$

Source:Sri Lanka Customs

Sri Lanka’s major exports to Oman are Boards,panels,consoles,desks,cabinets and other bases, equipped with two or more, Coconuts, Boards,panels,consoles,desks,cabinets and other bases not equipped with their apparatus, Bran, sharps and other residues, whether or not in the form of pellets, derived, Wood and articles of wood; wood charcoal, Fruit, nuts and other edible parts of plants, otherwise prepared or preserved, Food preparations not else where specified

Sri Lanka –OMAN COMMERCIAL Relations

Country Profile of Oman

Country Name: Oman

Capital : Muscat

Location:Middle East, bordering the Arabian Sea, Gulf of Oman, and Persian Gulf,between Yemen and UAE

Area 309,500 sq km

Population: 3,090,150 (July 2012 est.)

Major industries: crude oil production and refining, natural and liquefied natural gas LNG) production; construction, cement, copper, steel, chemicals, optic fiber

GDP (official exchange rate): $66.8 billion (2011 est.)

GDP – Per capita: $26,200 (2011 est.)

GDP – Real Growth rate : 4.4% (2011 est)

GDP – composition by sector: Agriculture: 1.5%

Industry: 51.3%

Services: 47.2% (2011 est.)

Exports : $43.53 billion (2011 est.)

Exports commodities:petroleum, re exports, fish, metals, textiles

Exports - partners:China 26.3%, South Korea 12.4%, Japan 12.1%, India

11.3%,UAE 10.8%, Thailand 6.6% (2010)

Imports : $21.47 billion (2011 est.)

Import commodities : machinery and transport equipment, manufactured goods,

food, livestock, lubricants

Imports – partners: UAE 25.1%, Japan 15.4%, India 5.6%, US 5.5%, China 4.7%

(2010)

Trade & Economic Relations

Sri Lanka’s volume of trade with Oman continues to remain marginal. In 2010, Sri Lanka’s exports to Oman amount to USD $ 9.3 m while imports from Oman stand at US$ 90.3 m.The balance of trade is in favour of Oman due to import of pertroleum and pertroleum products.

Sri Lanka’s Export Development Board (EDB) initiated contacts with companies in Oman to import tea and other items from Sri Lanka. Some companies in Oman such as Global Group LIC have already commenced their business with Sri Lankan tea exporters.

EDB has requested the Oman Chamber of Commerce and Industry to send a trade delegation as an inward buying mission. This was suggested as a follow up to the visit undertaken by EDB to the Sultanate from 6 – 8 April 2009. The Ministry of Foreign Affairs of Oman as agreed to facilitate the visit of a trade delegation from the Oman Chamber ofCommerce.