SRI LANKA INVITES TURKEY TO EXPLORE TRADE, INVESTMENT POTENTIALS 73RD ANNIVERSARY OF INDEPENDENCE OF SRI LANKA - 1948- 2021


05/02/2021




Overview

Sri Lanka and Turkey relations have a deep history dating back to the 19th century and currently enjoy extremely friendly brotherly relations and continue to flourish and strengthen to the benefit of peoples of the two countries. Though there is hardly any substantial documented evidence some historians through some historical traces suggested that there were exchanges even during Selcuk Turks due to spice, Cinnamon trade and religious reasons. During Ottoman Sultan, Abdul Hamid II, perhaps in 1864, established an Honorary Consulate in Galle, Sri Lanka. Further the imperial ship (Ertugrul) while voyage to Japan, was docked for logistical requirement in Colombo on November 1, 1889. Turkey one of the first country to recognize and established formal diplomatic relations with Sri Lanka after Sri Lanka’s independence on 4th February 1948. Ever since, political, economic, cultural, technological bilateral relations by and large people to people to contacts between the peoples of the two countries magnified in many fold. While Sri Lanka celebrates 73rd Anniversary of the Independence this year, Sri Lanka and Turkey reaches milestone of 73 years of establishment of diplomatic relations. Sri Lankans always admire friendship of Turkey as a true friend and Turkey stood by Sri Lankans when in trouble and difficulties. President His Excellency Recep Tayyip Erdogan, when he was Prime Minister in 2005 visited Sri Lanka after the Tsunami in 2004 to show the solidarity to Sri Lankan people affected by Tsunami and gifted a housing settlement in “Midigama”, South of Sri Lanka for the families affected by Tsunami which Sri Lankans up to date pay gratitude to the government of Turkey and President Erdogan. Sri Lanka also gratefulness for medical donations dispatched to Sri Lanka recently for the use of government of Sri Lanka’s effort to fight against the Covid-19 pandemic. The State visit to Turkey by then President H.E. Mahinda Rajapaksa in 2008 and official visit of Hon. Mevlut Cavusoglu, Foreign Minister of Turkey to Sri Lanka further strengthened the bond between the two countries. Visionary leadership of His Excellency Gotabaya Rajapaksa, the 7th Executive President of Sri Lanka through his national policy framework, “Vistas of Prosperity and Splendour” leading Sri Lanka to achieve desirable goals to make Sri Lanka a prosperous, peaceful and develop country in the region. Friendship between His Excellency Gotabaya Rajapaksa and His Excellency Recep Tayyip Erdogan and the determination of the two leaders will enhance cooperation in a diverse array of fields and prosper longstanding brotherly relations between Sri Lanka and Turkey.

Invigorate Trade between Sri Lanka and Turkey

The strategic location of Sri Lanka has attracted many countries and has created great opportunities in the spheres of the trade. Currently trade volume between the countries is around 180 million US $ which has not reflected friendship, brotherhood and closeness between people and political hierarchy of the Sri Lanka and Turkey.  The Embassy of Sri Lanka in Turkey has initiated a robust and aggressive campaign and action plan to increase tourism, investment, cultural ties, people to people contacts and the trade volume in upcoming years to benefits to people and business community in both countries. Sri Lanka – Turkey Joint Commission for Economic & Technical Cooperation (JCETC) established to enhance trade, investment, and tourism, technical and cultural cooperation between the two countries will be meeting soon this year in Colombo. Turkey –Sri Lanka Business Council established under the umbrella of DEIK and Trade Desk for Turkey established under the Ceylon Chamber of Commerce in Sri Lanka has added to efforts of the Embassy’s initiatives to enhance trade and investments. Presently Turkish Airlines flights operations from Istanbul to Colombo have given a boost to connect two countries people. Furthermore Sri Lankans have been given an opportunity to witness glimpse of Turkish culture and the beauty through quality television series shown in Sri Lanka’s main television stations. Currently there are four Turkish television series shown in Sri Lanka which are very popular among Sri Lankan folks.  Sri Lanka is determined to utilize the potential that Turkey provides. Despite the pandemic situation in 2020, Sri Lanka managed to achieve some remarkable gains in Turkish market and Turkey has become top ten export market for Sri Lankan products in 2020. World’s finest Ceylon Tea, healthy Ceylon Cinnamon and spicy super Spices, classy and quality natural Rubber products such as tyres for industrial heavy vehicles, pneumatic tyres, surgical gloves, world renown branded Industrial Gloves i.e ATG Gloves, rubber products for white goods by processing raw rubber, high quality Coconut and Coconut based products leading the exports of Sri Lanka to Turkey. However, Sri Lanka has many more to offer which Turkey and its business community and people should taste and explore. Sri Lankan products always give a high quality, competitive prices and value for money for the customers. We are exploring Turkish market for a mouthwatering variety of Sri Lankan Seafood, world famous Ceramic and Porcelain products, authentic Blue Sapphire and precious stones, Boat and Ship building, healthy Ayurveda and herbal products and quality apparel and garments. The Sri Lanka Export Development Board (SLEDB) the apex body of the country’s export promotion operates as a conduit for foreign buyers to find Sri Lankan reliable suppliers/ exporters and quality export products. SLEDB exporter portal (https://www.srilankabusiness.com/exporters-directory/) gives information on our exporters/ suppliers.  

Investment Opportunities in Sri Lanka

Sri Lanka vibrant business environment, educated, highly literate (in fact highest literacy rate in the South Asia region which is 97%) human resources, wide array of incentives packages for foreign investors, strategic location which connect East & West, ever developing infrastructure facilities and wide range of natural resources so far attracted over 1,200 well known foreign companies and continue to attract foreign direct investment to Sri Lanka. Sri Lanka attracted a cumulative FDI (Foreign Direct Investment) of 7 billion US$ from 2014 to 2019. However, it is unfortunate to observe no prominent Turkish investors in the list and investment from Turkey in Sri Lanka mere US$ 3 million. The Embassy noting the Turkey’s world top position in the Construction sector and with the Mission’s connectivity to the Directorate of Free Zones, Overseas Investment and Services in the Turkish Ministry of Trade, Turkish Contractors Association, prominent Trade & Industry Chambers and the Union of Chambers & Commodity Exchanges (TOBB) aggressively working towards attracting and motivating Turkish top companies/ business entities to look Sri Lanka through the Board of Investment of Sri Lanka (BOI- https://investsrilanka.com/ ), is readily available to provide incentives and assist Turkish investors to set up their operations. Sri Lanka is aiming to entice foreign investors for manufacturing (high value added / high tech), BPOs (Business Processing Outsourcing), KPO (Knowledge Processing Outsourcing), IT enabled Services, hospitality, food processing, logistics, education and large scale infrastructure, Pharmaceutical, Agriculture, transport infrastructure sectors. Main Export Investment zones are located in Katunayake, Biyagama, Koggala, Kandy, Horana, Seethawaka, Mirigama and Hambanthota the biggest free trade zone adjacent to Sri Lanka’s second largest international sea port situated in the southern part of the country waiting for the foreign investment.

The Colombo Port City Project

Port City of Colombo is a brand new city which is an extension of the commercial capital of Colombo, spanning 269 hectares of reclaimed land from the sea. Once built, it will become South Asia’s premiere residential, retail & business destination. The development will comprise financial district, central park living, island living, the marina and the international island. The new city will have over 5.6 million square meters of built space, facilities and spaces for healthcare, education, entertainment, hotels, restaurants, retail and office with an integrated resort and a marina. Sri Lanka welcomes Turkish investment and be part of the port city development.

Tourist attractions in Sri Lanka

Set in the Indian Ocean in South Asia, the tropical island nation has a history of thousands years offers the traveler a remarkable combination of stunning landscapes, pristine beaches, captivating cultural heritage and unique experiences within such a compact location. With many sites and scenes bottles up into a small island, a traveler could be riding the waves in the dawn and admiring the green carpeted mountains by dusk. Travel destinations in Sri Lanka provide an array of holiday experience from sun kissed beach holidays to a marathon of wildlife watching, adrenaline pumping adventure sports and pilgrimage to the ancient cities in the world, including eight UNESCO world heritage sites.

The smiles and hospitality of Sri Lanka is world famous and so are its spicy food, exotic fruits and array of sweetmeats found nowhere in the world. With so many cultures living next to each other life in Sri Lanka continues among a series of festivities throughout the year, an ideal recipe for fun and leisure.

Sri Lanka continues emerge as one of the world’s best tourist destinations before the pandemic with accolades from various travel guides and travel magazines including Lonely Planet and National Geographic Traveller. Sri Lanka also topped the best 13 locations selected by British Airways. Sri Lanka is an outstanding and definitely favoured by Turkish travelers, perhaps it is very sure Sri Lanka will give a soothing experience. Colombo, Kandy, Nuwara Eliya, Galle, Trincomalee, Sigiriya, Badulla are some of touristic attraction cities. Also Turks can experience balloon ride over the green climes and historical cultural city of Sigiriya with a Turkish flavor, Sri Lanka Balloons, a company operated by Mr. Mahmut Uluer. After long closure for foreign tourists, Sri Lanka has opened for tourism since 21st January 2021. Please browse through (https://www.srilanka.travel/) for safer and enjoyable visit to Sri Lanka. We invite as many as Turksl to visit Sri Lanka and experience true spirit of friendship and joy. Travelers to Sri Lanka from Turkey could take comfortable and as per your budget Turkish airlines or Qatar airways to Colombo.

Products

Ceylon Tea

  • World finest tea
  • Unblended pure Ceylon tea
  • Hand plucked
  • Diversity of flavours , aroma & taste
  • Ethically produced Ozone friendly tea
  • Honored by the Rainforest Alliance
  • Closer to minds & tastes of Turkish people

 

Rubber based products

  • Quality natural rubber
  • Wide range of products
  • Usage of state of art technology
  • World renowned brands i.e. (ATG)

 

 

Ceylon Spices

  • Sri Lanka offers world’s best quality Ceylon Pepper, Ceylon Cardamom, Ceylon Nutmeg, Ceylon cloves with unique aroma and flavour

 

Ceylon Cinnamon

  • Ceylon Cinnamon indigenous to Sri Lanka
  • Healthy & unique
  • Super quality, soothing colour, aroma and great texture
  • Superior & healthier than Cassia which is unhealthy and cheap

The differences between Ceylon Cinnamon and Cassia

 

Ceylon Cinnamon

Cassia

Stick

Quill is contained with number of folders or layer and dense centers

Quill is contained only one inward folded and hollow centers

Texture

Less firm, thin and papery

More firm, rougher thick bark

Colour

Tan brown, light color

Reddish dark borwn

Aroma

Potent fragrance

No fragrant

Taste

lighter, delicate and sweet taste

Stronger and hotter taste

 

Coconut and coconut based products

Sri Lanka supplies varieties top quality coconut based products

  • Desiccated coconut, Virgin coconut oil, Coconut Cream, Coconut Butter, Coconut Arrack, Coco-peat and value added Coco-peat (grow bags, grow cubes, disks, coir blocks), Activated carbon, Shells, Fiber & Processed fiber products.

 

 

Reasons to invest in Sri Lanka

  1. Strategic location connecting east & west
  2. Preferential market access to regional giants
  3. Educated & adoptable workforce
  4. Affordable production cost
  5. Conducive infrastructure
  6. Investor friendly legislation
  7. More investment opportunities
  8. Attractive incentives

 

M. Rizvi Hassen

Ambassador of Sri Lanka

Ankara


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