Sri Lankan President meets Japanese donors and investors
Sri Lankan President meets Japanese donors and investors to strengthen business ties with Japan

Sri Lankan President meets Japanese donors and investors to strengthen business ties with Japan

Sri Lankan President Maithripala Sirisena has reportedly addressed an investment forum to further boost business ties between Sri Lanka and Japan during his official visit to Japan.
Sirisena during his tour met with Japanese government officials and agencies to encourage more assistance for public-centric development projects as well as Japanese investors to promote investments to Sri Lanka.
The President has addressed an investment forum held at the Imperial Hotel in Tokyo and called on Japanese businesses to increase investment in Sri Lanka.
According to reports, investors and entrepreneurs from both countries attended the forum where potential investment opportunities and joint ventures were showcased to Japanese companies.
President Sirisena has reportedly encouraged Japanese investors to make the most of the government economic drive that is focused on reforms and strong liberalisation measures, the President’s office said in a statement.
Development Strategies and International Trade Minister Malik Samarawickrama has also addressed the investor forum.
Samarawickrama has said for many decades Sri Lanka had close ties with Japan in various fields and he hoped this visit of President Sirisena would pave the way to further consolidate relations between the two countries.
Japan’s Parliamentary Vice-Minister of Economy, Trade and Industry, Masaki Ogushi has also participated in the forum.
Later in the day Japan External Trade Organization (JETRO) Chairman and CEO Hiroyuki Ishige has met with President Sirisena while Japan International Cooperation Agency (JICA) President Shinichi Kitaoka has also held discussion with him.
The progress of ongoing development projects in Sri Lanka with Japanese assistance and how to improve them has been discussed during these discussions.

OSL take:

The engagement between the Sri Lankan President and Japanese donor agencies and investors would further strengthen Sri Lanka’s development agenda. This would result in the opening up of many investment opportunities in the island nation. While Japanese investors would be interested to explore for ventures in Sri Lanka other foreign businesses interested in doing business with Japan could use Sri Lanka as a base – given the strong ties between the two Asian countries – for their engagements with the Japanese.

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Article Code : VBS/AT/20180315/Z_1

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