Sri Lanka Finance Minister woos US businesses

ECONOMYNEXT – Sri Lanka’s Finance Minister Ravi Karunanayake has urged US businesses to come to Sri Lanka, highlighting the country’s investment prospects and the quality of life, addressing the US Chamber of Commerce in Washington.

A roundtable discussion was attended by members of the US Chamber of Commerce South Asia team; and representatives from Coca-Cola, Exxon Mobil, Ventch Engineering LLC, McLarty Associates, Bower Group Asia USIBC, CIPE, Mastercard, FedEx andTrimble Navigation Ltd.

Minister Karunanayake had drawn attention to opportunities in areas such as infrastructure development, agro processing, healthcare, export-oriented manufacturing and tourism, the US embassy in Washington said.

The US is Sri Lanka’s largest export market, with bilateral trade at $3.3 billion. In 2016, the US had bought 28 percent of Sri Lanka’s exports.

Minister Karunanayake is in Washington leading a delegation to attend the IMF-World Bank spring meetings, where a deal to take forward a fund programme is to be struck. The IMF deal is aimed at strengthening Sri Lanka’s economic fundamentals and government finances.  (Colombo/Apr24/2017)

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