Sri Lanka to give support for domestic firms to export: PM

ECONOMYEXT – Sri Lanka will provide a ‘trade adjustment facility’ including capital allowances to help domestic companies to be competitive and enter export markets, Prime Minister Ranil Wickramasinghe said.

Economic reforms will allow domestic companies to reach international markets, Prime Minister Wickramasinghe said delivering a policy statement in parliament.

Free trade deals will open new markets, he said.

Regulations that hinder business will be removed, he said. Sri Lanka hoped to be among the top 70 nations in the Word Bank’s Doing Business Index.

Sri Lanka also wanted to boost tourism and commercial agriculture.

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