Deputy Foreign Minister calls for greater US investments in Sri Lanka

ECONOMYNEXT – Sri Lanka’s Deputy Foreign Minister Harsha de Silva has called for the US to urge American businesses to invest in Sri Lanka, as the two countries pursue closer economic and political ties.

Deputy Minister de Silva met Assistant Secretary of State for Commerce Arun Kumar and Assistant US Trade Representative for South and Central Asia Michael Delaney, Deputy Assistant Secretary of State for Trade Policy and Programmes William Craft, and Deputy Vice President of the Millennium Challenge Corporation Thomas Kelly.

Deputy Minister de Silva had briefed the US on recent developments in Sri Lanka with respect to reconciliation, as well as economic and investment policy reforms, a foreign ministry statement said.

"Regular visits by high level US officials to Sri Lanka mirror the interest and the potential for multifaceted engagement with the United States in the burgeoning bilateral relationship," the statement said.

"Ongoing cooperation with Sri Lanka under the Millennium Challenge Corporation (MCC) since December 2015 is yet another important element of US bilateral development assistance to Sri Lanka."

US engagement in Sri Lanka, through its development agencies such as United States Agency for International Development (USAID) and MCC, will evolve to meet Sri Lanka’s short and long term needs, the statement said. (Colombo/Aug19/2018)

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