Sri Lanka-Finland Business Council mooted

Dec 11 (EconomyNext) – A visiting Finnish business delegation has proposed setting up a Finland-Sri Lanka Business Council to link companies from both countries and increase trade and investment.

The proposal was made by Matti Anttonen, Finnish Deputy Minister of External Economic Relations & Finnish Under-Secretary of State, who led a Finnish business delegation to the island.

The delegation held talks with Minister of Industry and Commerce Rishad Bathiudeen, Export Development Board chairman Bandula Egodage and R. D. S. Kumararatne, Director-General of the Department of Commerce.

A statement said Finnish institutions such as FinFund and FinPro can provide financial support for the initiative.

Tea is Sri Lanka’s main export to Finland, making up 55 percent of the total 16 million US dollars exported in 2013 to the Nordic country, followed by apparel while the island’s top Finnish import is marine propulsion engines and electric generating sets which overtook mobile phones from 2011.

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