Category: Trade
President visits Japan to strengthen trade ties
Mar 14, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena is presently engaged an official tour of Japan with the aim to further strengthening the long standing bilateral relations between the two nations.During this visit, the President is scheduled to meet Emperor Akihito and Empress Michiko.The President will also hold bilateral discussions with the Japanese […]
Sri Lanka PM reiterates island on track for economic prosperity
Mar 05, 2018 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said that the island is on the path of becoming an attractive place for business in South Asia and one of the fastest growing regions in the world. “We are undertaking many policy initiatives to incentivize direct private investment both foreign and local. In 2018, […]
Sri Lanka’s external sector improve, BOP record surplus : CB
Feb 23, 2018 (LBO) – Sri Lanka’s external sector performance continued to improve in the month of December 2017, mainly with higher inflows to the Financial Account of the Balance of Payments (BOP), the Central Bank said in its latest report. . Although earnings from exports increased at a higher rate, the increase in import expenditure resulted […]
Sri Lanka needs to create an environment that rewards investment: Harvard economist
Feb 14, 2018 (LBO) – Sri Lanka should move towards a simpler tariff structure, and implement direct taxes on things like income and property to maintain revenue, Harvard economist Robert Lawrence says. “90 percent of your tariffs should be in the simple schedule, and then there may be some exceptions,” Lawrence, faculty chair of the Practice of […]
Sri Lanka – Iran sign mutual cooperation deal
Feb 13, 2018 (LBO) – Iran and Sri Lanka have inked a deal for further cooperation between the two nation in the areas of trade and economy. The agreements were signed following a two-day visit by an Iranian delegation to Colombo, over the last week-end, media reports said. Iran and Sri Lanka also agreed to finalise […]
AmCham hosts Stephen Renna from U.S. Department of Commerce
(PRESS RELEASE) – Stephen Renna, Director, Advocacy Center, U.S. Department of Commerce, International Trade Administration will meet with members of the American Chamber of Commerce in Sri Lanka this Friday. The meeting will focus on initiatives being carried out by the Advocacy Center to boost business for U.S. companies as well as an open discussion […]
‘s Biz climate
Feb 08, 2018 (LBO) – A Japanese business delegation, including chief executive officers and leading officials of some of the largest companies is visiting Sri Lanka to look at future investment opportunities, the Board of Investment said. A delegation of 59 are visiting the island on invitation of the Prime Minister and participated at the Sri […]
‘s, Explores FTA option
Jan 25, 2018 (LBO) – President of Indonesia Joko Widodo in the island on a offical vist met with Sri Lanka’s President and exchanged views on the progress and challenges in the bilateral cooperation and agreed to enhance cooperation for the mutual benefit. President Widodo conveyed Indonesia’s commitment to contribute towards Sri Lanka’s development, particularly in infrastructure and connectivity. Both […]
Sri Lanka signs FTA with Singapore tomorrow
Jan 22, 2018 (LBO) – A Free Trade Agreement between Sri Lanka and Singapore will be signed following bilateral talks between the two nations, Tuesday. Prime Minister of Singapore Lee Hsien Loong is to arrive in Sri Lanka on the invitation of Sri Lanka’s President Maithripala Sirisena, Monday. Last week, Sri Lanka’s Cabinet approved a […]
Sri Lanka’s cabinet approves signing FTA with Singapore
Jan 17, 2018 (LBO) – Sri Lanka’s Cabinet has approved a proposal to sign the proposed Free Trade Agreement between Sri Lanka and Singapore. The proposed Free Trade Agreement consists of provisions regarding trade in goods and services, service liberalization, investments and public procurement. Following the proposal put forward by International Trade Minister Malik Samarawickrama, […]
CEAT Kelani to invest Rs3Bn in local tyre industry , Eyes US market
Jan 11, 2018 (LBO) – Sri Lankan tyre manufacturer, CEAT Kelani said they will invest 3 billion rupees in the local industry over next two years. Unveiling its masterplan to local media the Indo-Lanka Company said it will set up a new truck bus radial tyreplant while also doubling production of radials and motorcycle tyres and […]
Russian Federation wants bigger trade with Sri Lanka; talks on Tea, asbestos
Jan 10, 2018 (LBO) – Russian Federation has vowed for bigger trade with Sri Lanka, calling to dispatch a strong delegation to the trade meet scheduled in Moscow this year. Sri Lanka’s total trade (both imports and exports) with the Russian Federation which was at 435.83 million dollars in 2015, declined to 381.71 million in 2016. […]