Sri Lanka invites Germany to enhance trade and foreign direct investments
Sri Lanka’s Foreign Minister Prof. G.L. Peiris has invited Germany to further optimize investment and trade opportunities in Sri Lanka through foreign direct investments (FDIs). The Minister has noted that it was a mutual benefit in reference to the strong presence of reputed German companies in Sri Lanka.
The Minister has made these observations during a recent meeting with the Ambassador of the Federal Republic of Germany to Sri Lanka Holger Lothar Seubert.
Foreign Minister Peiris has also noted the significance and multifaceted nature of Sri Lanka-Germany bilateral ties ranging from political, economic relations to longstanding cultural links and people-to-people contacts.
Ambassador Seubert has noted the vibrant and productive cooperation existing between the two countries both bilaterally and multilaterally.
He has also referred to the success of the recently concluded political consultations between Sri Lanka and Germany which covered a wide range of sectors.
Foreign Minister Peiris has identified development cooperation as an important dimension of bilateral cooperation and expressed his sincere appreciation of the valuable vocational training opportunities provided to Sri Lankan youth through the German Technical Training Institutes in Katubedda, Kilinochchi and Matara.
Ambassador Seubert has also apprised the Foreign Minister on the Mahamodara Maternity Hospital (Helmut Kohl Hospital) in Galle, which was constructed with German assistance.
OSL take:
Sri Lanka is currently in the process of renewing its bilateral and trade ties with foreign countries. Sri Lanka enjoys strong trade ties with Germany and has also been benefited by the EU’s GSP Plus trade concessions. Germany is also a development partner of Sri Lanka. Given the ongoing development programme in Sri Lanka and the island emerging business destination in the South Asian region, German businesses/investors could explore business opportunities in Sri Lanka. German businesses could also look at setting up base in Sri Lanka to engage with other countries in the region using the trade benefits enjoyed by Sri Lanka.
| Article Code : | VBS/AT/02092021/Z_4 |