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Sri Lanka wants to move up 40 steps in ease of doing business


Oct 13, 2016 (LBO) – Sri Lanka is expected to reach 60th or a higher place in the world ease of doing business index in two years, a minister said.
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State Minister of International Trade Sujeewa Senasinghe told the World Export Development Forum that the government wants to create a conducive environment for local businesses. “We want to move up around 40 places in the ease of doing business index,” Senasinghe said.
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Sri Lanka currently ranks at the 107th place in the index out of 189 economies.
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A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. “We also expect to grab World Economic Forum to Sri Lanka next year or as soon as possible.
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” The government is also to complete the ongoing integration project of state agencies such as Sri Lanka Customs, Inland Revenue Department and Labor Department by the end of this year.
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