Its primary objectives are to promote investment and bilateral trade, to exchange trade and investment information with relevant institutions in Canada, to encourage the setting up of joint ventures and to serve as a recognized representative of business sector interests in Sri Lanka in matters concerning business relationship with Canada. The SLCBC also serves to promote tourism between Sri Lanka and Canada, to promote exports from Sri Lanka to Canada and to conduct joint meetings with Canadian business organisations in Sri Lanka and in Canada.
The Sri Lanka-Canada Business Council under the aegis of the Ceylon Chamber of Commerce was launched on 14th August, 1991. Our primary objectives are to promote investment and bilateral trade, to exchange trade and investment information with relevant institutions in Canada, to encourage the setting up of joint ventures and to serve as a recognized representative of business sector interests in Sri Lanka in matters concerning business relationship with Canada. The SLCBC also serves to promote tourism between Sri Lanka and Canada, to promote exports from Sri Lanka to Canada and to conduct seminars, workshops, B2B and B2G networking, delegation visits vice versa and exclusive advisory services with the Trade and Commercial sectors. The Patron of the Council is the High Commissioner of Canada for Sri Lanka.
Canada has a long-standing development assistance partnership with Sri Lanka dating back to the 1950s managed largely by the
C a n a d i a n I n t e r n a t i o n a n a l Development Agency CIDA. In response to the tsunami of December 2004, the Canadian Government and individual Canadians pledged an unprecedented amount of assistance for relief, recovery and reconstruction projects in Sri Lanka. Annual bilateral assistance is approximately over $6 million, and recently Canada announced up to $25 million in humanitarian assistance. Canada also contributed to the Commonwealth Expert Team, which monitored the January 2010 presidential election.
Canadian trade with Sri Lanka stood over $500 million recently, with Canadian import over $125 million including nearly 50 percent in woven and knitted apparels. Canadian exports totalled over $350 million. Canada has established an important share of the Sri Lankan import market for wheat and other agriculture commodities. Recently, almost 81 percent ($350 million) of Canadian exports to Sri Lanka. Efforts are being made to expand the number of importers and agents who source pulses and special crops from Canada.
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