Sri Lanka and Seychelles is set to promote investments

August 29, 2014 (LBO) – Sri Lanka signed a Memorandum of Understanding with Seychelles in order to promote investment and business opportunities among the both countries. Through the MOU the two investment promotion agencies will share information to develop investments, Lakshman Yapa Abeywardane, Minister of Investment Promotion said.

It will also build relationship between investors from both countries who will identify and promote business opportunities,
Under the MoU, both countries will assist investors by arranging field trips, Abeywardane added.

The total bilateral trade between Sri Lanka and Seychelles has been reported at 3.7 million dollars in year 2013, according to the data of Department of Commerce Sri Lanka.

Main products exported from Sri Lanka includes tea, fishing vessels, cereals and sausages, and Sri Lanka imports spices from Seychelles.

Sri Lankan institutions such as Minin Airline, Nawaloka Medical center and the Bank of Ceylon have already set up branches in the Seychelles.

I am also very pleased that this MoU will lead to promoting of manpower training and create hope and opportunities for our greate