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Sri Lanka mulls more liberal visas for investors, professionals

ECONOMYNEXT – The Sri Lankan government is looking at a more liberal visa entry system for investors and professionals connected to foreign investments, Minister of Development Strategy and International Trade Malik Samarawickrama has said.

The move is aimed at bringing in skilled managers for investment projects, he was quoted as saying at the second European Union-Sri Lanka dialogue hosted by the minister and Board of Investment.

The focus of the forum, with the European Union Embassy and embassies of representative countries of the Union, was to look at issues faced by EU companies based in Sri Lanka as well as to examine ways in which the relations could be taken further, a BOI statement said.

Another area earmarked for reform was land alienation, Samarawickrama also said.

Sri Lanka was also seeking to strengthen her free trade agreements within the course of this year.

Samarawickrama spoke of FTAs with Singapore scheduled to be finalized in June – July 2017 and another with China expected by the end of the year.

Sri Lanka was also strengthening her economic relation with India with the objective of developing Sri Lanka as a hub for trade between the important economic centres in the region, the statement said.
(COLOMBO, May 08, 2017)

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