The Chamber of Marine Industries of Sri Lanka (CMISL) and the Singapore Boating Industry Association (SBIA) signed a Memorandum of Understanding (MOU) on April 22, 2024, to collaborate and promote the boating and yachting industries. The negotiations were facilitated by the High Commission of Sri Lanka in Singapore. The signing ceremony was attended by key representatives from both associations, including the Chairman of CMISL, Vice President of Sri Lanka Singapore Business Council, and Chairman of SBIA.
Both parties expressed their commitment to working together towards mutually beneficial efforts and cooperation in the boating sector. The signing of the MoU was seen as an important first step in fostering positive relations and collaboration between the two associations. The High Commissioner of Sri Lanka in Singapore highlighted the significance of this partnership in creating a dynamic and healthy environment for business growth and prosperity on both sides.
The collaboration between CMISL and SBIA is expected to open up new opportunities for the boating industry in both countries. By promoting positive relations and cooperation, the two associations aim to propel growth and prosperity in the boating sector. The signing of the MoU marks the beginning of a promising partnership that is set to benefit businesses in Sri Lanka and Singapore.
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