UK Prime Minister’s Trade Envoy Lord Davies explores investment climate in Sri Lanka
Daily FT: UK Prime Minister’s Trade Envoy to Sri Lanka Lord Davies of Abersoch and the UK High Commissioner to Sri Lanka Andrew Patrick met the Chairman of the Board of Investment (BOI) Dinesh Weerakkody, top officials and the Port City Colombo to discuss wider investment climate, trade and the priority areas for the country in terms of sectors and strategic opportunities.
Lord Davis was accompanied by British High Commission, Mumbai Deputy Director Trade and UK Exports – South Asia Ajita Hathlia, Strategic Policy Lead – South Asia, Department for Business and Trade, UK Dr. Nicholas Gribit, Head of Trade and Investment, British High Commission, Sri Lanka Michael Fernandopulle and Deputy Head of Trade and Investment, British High Commission, Sri Lanka Asanthi Fernando.
OSL take:
Sri Lanka’s economy has shown great resilience to internal and external challenges through the years and is once again on the growth path after facing the many challenges posed by the global pandemic a few years ago and the economic crisis that followed. The ongoing economic activities coupled with Sri Lanka’s target of becoming an emerging business destination in the South Asian region have made Sri Lanka an attractive business venue for many foreign businesses/investors. The country’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed with other countries have added to Sri Lanka’s attraction as a destination for foreign businesses to set up base in order to engage with other countries in the region. It is in such a backdrop that many foreign businesses/investors continue to visit Sri Lanka to explore business/investment opportunities including in the Colombo Port City project. The Port City project, which has been promoted by former UK Prime Minister David Cameron, presents a special economic zone for foreign businesses/investors. Given the growth and business potential in Sri Lanka, foreign businesses/investors could confidently explore the growing opportunities in the country.
| Article Code : | VBS/AT/20231107/Z_2 |