SRI LANKA NEW YEAR PLAN

Sri Lanka New Year plan: Port City project will restart and expects to attract more direct foreign investments

Sri Lanka Foreign Minister Mangala Samaraweera recently said in Parliament, that a diversified foreign direct investment is very important, it helps to reduce Sri Lanka’s dependence on the export of tea and garments. Sri Lanka is trying to establish investor confidence for the neighboring countries.

Mr. Samaraweera said that the Government is committed to create one million jobs through increased investments and export promotions within five years. Accordingly, Sri Lanka hopes to attract more foreign direct investments, and to ensure the private sector growth.

Few days ago Sri Lankan Government stated that the agreement on investment promotion and protection was signed. This agreement is for the Government to release an open signal of the commercial activity, It wants to ensure a transparent and fair competitive environment for all the investors , hoping to vigorously attract more foreign investments.

Meanwhile, Sri Lankan Prime Minister Ranil Wickremesing he said that, once the environmental assessment report of the Colombo Port City project passes, it indicates that the project will solve the problem of sustainable environment, and create a comfortable environment. This means that government will restart the project in 2016.

greatly attract the attention of international investors. It is helping Sri Lanka to revive the foreign investor confidence. When Port City project is completed, Government will build a unique financial and business center in Colombo . It will attract more foreign investments to Sri Lanka for inhibiting the slowing down economic development momentum.

It would be a good business opportunity for Chinese enterprises to enter Sri Lanka market. The 2nd China Products (Colombo, Sri Lanka) Exhibition is the best platform for Chinese enterprises , to communicate with local businessmen, and to get updated information about Sri Lanka market. 2016 China Products (Colombo, Sri Lanka) Exhibition scheduled for November 22- 24, 2016, is organized by CMEC International Exhibition Co., Ltd., China Council for the promotion of international trade Guangdong Committee (CCPIT Guangdong Committee) and Worldex Fiera Milano Exhibitions (Guangzhou) Co., Ltd. The exhibit includes building materials, hardware and lighting, consumer electronics and home appliances, home and hotel supplies, agricultural machinery and construction machinery. We look forward you to participating in 2016 China Products (Colombo, Sri Lanka) Exhibition!