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Sri Lanka guarantees freedom for business, strong foreign relations: President

Aug 05, 2015 17:06 PM GMT+0530 | 0 Comment(s)

GUARANTEE:  President Maithripala Sirisena at Sri Lanka Economic Summit 2015 on Aug 05,2015


ECONOMYNEXT - Sri Lanka's government would not interfere in private business and would build friendly relations with all countries which would also help trade and investments, President Maithripala Sirisena said.

"The State sector and private sector have to work together in trust and transparency," President Sirisena told the Sri Lanka Economic Summit organized by the Ceylon Chamber of Commerce in Colombo, themed on boosting exports to 50 billion US dollars.

"The government will not interfere in business. Businesses will be guaranteed their freedom."

He said there had been instances of interference in business before his administration took effect, before January 08.

The government would act with transparency and if some State agencies which had a direct impact on businesses need to be made more efficient it would also happen.

He said the new administration had rebalanced relations with the rest of the world so that relations had been strengthened.

"We should not be friendly with one section of countries and consider some others to be enemies," President Sirisena said.

He said the United States and Western countries were important markets.

"We have established trust and friendship with all these countries," he said.

Sri Lanka also wanted to be on friendly terms with all international agencies including the United Nations and the Commonwealth and agencies like the Asian Development Bank, the International Monetary Fund and World Bank. (Colombo/Aug05/2015- Update I)