Japanese State Minister and biz delegation meets Sri Lanka’s President.
Sri Lanka’s President Ranil Wickremesinghe recently met with Japanese State Minister of the Cabinet Office Satoshi Fujimaru.
The State Minister was reportedly accompanied by a Japanese business delegation.
Local media reports have stated that discussions focused on the investment opportunities available in Sri Lanka including in hospitality and tourism, mining and training of Sri Lanka’s workforce.
President Wickremesinghe had explained to the Japanese delegation that under the Sri Lankan Government’s economic plans, emphasis was being placed on training Sri Lanka’s youth to ensure the country was geared to adapt to new and emerging industries.
OSL take:
Sri Lanka and Japan enjoy strong historically significant bilateral ties with Japan also being one of Sri Lanka’s key development partners. The resilience shown by Sri Lanka’s economy despite facing many challenges and the strength and growth shown by the country’s private sector amidst these challenges have encouraged many foreign businesses/investors to explore the opportunities in the country. Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country have also helped boost Sri Lanka’s image as an emerging business destination in the South Asian region. While there are growing business/investment opportunities in key economic sectors in the country, the strong private sector in the country has presented opportunities for foreign businesses to explore the possibilities of forming partnerships or joint ventures. Given the strong ties between Sri Lanka and Japan, Japanese businesses/investors could confidently explore the expanding opportunities in Sri Lanka and vice versa.
| Article Code : | VBS/AT/17022023/X_2 |