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US impressed by investment and trade potential in Sri Lanka

She has said that the United States is taking a more regional approach to increase ties and they hope to identify specific opportunities during the mega Expo 2012 that Sri Lanka is organising in March 2012. She has said that the United States is optimistic of the Sri Lankan government's moves to increase its rankings in the World Bank Ease of Doing Business Rankings.

Ms. Vineyard has disclosed that on the sidelines of the Expo the latest round of Trade and Investment Framework Agreement talks between the US and Sri Lanka will be held to formulate policies. She has pointed out that US investment in the booming tourism industry did come up during her meetings with officials including the Board of Investment and that it was possible to explore prospects of franchising with global brands.

She has also pointed out that last year Sri Lanka attracted over US$ 1 billion in Foreign Direct Investment, which is extremely good and an indication of how global investors perceive the country. She has also said that when there is more and more trade there will be more and more issues to deal with and it is very important to have a partner willing to talk and resolve them, and Sri Lanka has always been such a partner and that is very positive.

Referring to China’s involvement with Sri Lanka Ms. Vineyard has said that US companies welcome competition from anywhere when there is a level playing field, and has called on authorities to consider the lifespan of projects and stressed that in terms of long term dependability and return US companies have a solid record.

A delegation of 14 companies is travelling to India next month and Ms. Vineyard expects them to explore Sri Lanka’s harbours as investment options as well

Courtesy : http://firstlanka.com/english/news/us-impressed-by-investment-and-trade-potentials-in-sri-lanka

Expo Event Calendar

Sri Lanka Expo 2012 will be held from 28th to 31st of March, 2012 at BMICH. Click here to view the Expo Event Calendar

Sponsors

  • MAS Holdings
    Changing Perspectives
  • Brandix
    Inspired Solutions
  • Sri Lanka Apparel
    Voice of Sri Lanka Apparel and Textile Industry
  • Sri Lankan Airlines
    You're our world
  • HSBC
    The world's local bank
  • Dialog Axiata
  • BTI Lanka
    One and only Boat Building Training Institute in Sri Lanka
  • Prima
    Over 3 Decades of Nutrition to the Nation
  • Ellawala Exports
    Sri Lanka's No. 1 Gem Exporter
  • Mushan International
    Specializing in fine Sapphires
  • Akbar Tea
    Premium Quality Tea Exporter
  • Dilmah Tea
    The Single Origin Tea 100% Pure Ceylon
  • HNB
    Your Partner In Progress
  • Trillium
    A place you fall in love with

Stakeholders

  • Ministry of Industry & Commerce
  • Ministry of External Affairs
  • Ministry of Economic Development
  • Ministry of Plantation Industries
  • Sri Lanka Export Development Board
  • Department of Commerce
  • Board of Investment
  • Sri Lanka Tourism Development Authority
  • National Gem & Jewellery Authority
  • Sri Lanka Export Credit Insurance Corporation
  • Sri Lanka Ports Authority
  • Department of Export Agriculture
  • Sri Lanka Tea Board
  • Coconut Development Authority
  • National Chamber of Exporters of Sri Lanka
  • National Chamber of Commerce of Sri Lanka
  • Ceylon Chamber of Commerce
  • Federation of Chambers of Commerce and Industry of Srilanka

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