Over 200 Commonwealth entrepreneurs meet to discuss trade and investment opportunities in Sri Lanka
The Sri Lankan government has reportedly stated that over 200 Commonwealth entrepreneurs had met in London last week to discuss trade and investment opportunities in Sri Lanka.
According to the Department of Commerce of Sri Lanka (DoCSL), Commonwealth entrepreneurs had converged at the Sri Lanka breakfast networking session of Commonwealth Enterprise and Economic Council held on the sidelines of the Commonwealth Heads of Government Meeting 2018 (CHOGM18).
The session was jointly facilitated by Sri Lanka’s Department of Commerce, Export Development Board (EDB) and London’s Sri Lanka High Commission.
DoCSL has reportedly stated: “Participation of Cameroon was ‘an added advantage’ which enabled reach out to Africa, which is experiencing an economic boom. B2B meetings that followed the breakfast meeting provided the opportunity for members of the delegations to develop further into specific opportunities. The business meeting opened a new window to explore partnership between Sri Lankan enterprises and the commonwealth business delegations from other to promote intra commonwealth Trade and investment.
Sri Lanka’s Minister of Industry and Commerce Rishard Bathiudeen has reportedly said at the event: “We have been provided with a conducive environment to advance greater cooperation among commonwealth countries, as the trade and investment promotion has taken a centre stage in our deliberations on creating a prosperous future for all -particularly with Peace and stability in the country. The declaration on the Commonwealth connectivity agenda for trade and investment aims to expand investment and boost intra commonwealth trade through dialogue among commonwealth members in the clusters of physical connectivity digital connectivity regulatory connectivity business to business connectivity and supply side connectivity.”
OSL take:
The large number of entrepreneurs who gathered in London to discuss investment opportunities in Sri Lanka indicates the growing interest among foreign investors to invest in the island nation. This is an encouraging sign for local businesses to venture out and seek foreign partnerships to expand their businesses. As for foreign businesses/investors, the continuous growth shown by the Sri Lankan economy and the expansion of many sectors within the country has opened up many investment opportunities.
| Article Code : | VBS/AT/26042018/Z_9 |