Details on new investment and exports framework in January: Malik

Malik Samarawickrama

Dec 22, 2015 (LBO) – Sri Lanka will have its first glance of the country’s new investment and export framework as early as next January, a top Cabinet Minister said.

The Board of Investment and Export Development Board are slated to become implementing arms of a new, higher level policy and strategy body consisting of ‘proven performers from both private and public sectors’, Development Strategy and International Trade Minister Malik Samarawickrama said.

Samarawickrama was addressing a capacity building session for senior staff of both BOI and EDB conducted yesterday.

“We are in the process of forming a new Agency for Development and an Agency for International Trade, which will have both government and private sector personnel’s participation,”

“These personnel are packed based on their proven track record. However the implementing of their projects and proposals will be done through the BOI and EDB. We are discussing details and they will be ready sometime in January 2016.” Samarawickrama said.

Prime Minister Ranil Wickremesinghe in his economic policy speech of November 5 in Parliament announced new economic reforms as well as changes to EDB and BOI.