UK says ready to expand FDIs in Sri Lanka during discussion between Sri Lankan President and UK Secretary of State for International Trade
The Media Division of the Sri Lankan President has reportedly stated that the United Kingdom (UK) has expressed readiness to expand foreign direct investments (FDIs) in Sri Lanka.
The UK has made this undertaking during a meeting between Sri Lankan President Maithripala Sirisena and British Secretary of State for International Trade Liam Fox.
President Sirisena returned to Sri Lanka on Monday after concluding an official visit to the UK to attend the Commonwealth Heads of Government Meeting (CHOGM 2018).
“Discussions were held in detail regarding further strengthening the bilateral relations between the two countries in a way which will pave the way to expand new trade and investment opportunities,” the President’s Office has said in a statement.
President Sirisena had said Sri Lanka had investment opportunities in the power generation sector and was keen to get investments into agriculture and livestock areas as well.
The statement has further noted that the UK has promised to put new investment opportunities in Sri Lanka on the Ministry of International Trade website.
OSL take:
The undertaking by the UK that it is interested in increasing FDIs to Sri Lanka is an encouraging message to British businesses/investors as well as local businesses. The fruitful discussion between the Sri Lankan President and the British Secretary of State for International Trade would further strengthen the bilateral and trade ties between Sri Lanka and the UK. While British businesses/investors could explore business/investment opportunities in Sri Lanka, local businesses could also explore for partnerships with British companies as well.
| Article Code : | VBS/AT/26042018/Z_1 |