Eight task forces improve Sri Lanka’s Doing Business Index

Eight task forces improve Sri Lanka’s Doing Business Index

21 October 2019 01:55 pm

Eight task forces are working on improving Sri Lanka’s position on the Doing Business Index and they have been made significant progress.

This was disclosed by the Minister of Development Strategies and International Trade Malik Samarawickrama when he addressed the 9th European Union – Sri Lanka Investor Dialogue.

This far reaching instrument was set up in 2017 to resolve issues faced by investors from the European Union operating in Sri Lanka under the Board of Investment. 

He also highlighted that the EU is one of Sri Lanka’s largest trading partners and its main export destination, adding that fisheries exports have more than doubled since the GSP+ has been reactivated.

He concluded by stating that Sri Lanka must have mechanisms to resolve investor issues, such as the EU-Sri Lanka Investor Dialogue.

The EU-Sri Lanka Investor Dialogue has become a useful way to address issues concerning European investments and achieve results In Sri Lanka said. European Union Ambassador, H.E. Tung-Lai Margue.

He paid a tribute to Sri Lankan authorities for their efforts in improving the country’s business climate and highlighted that this forum is the way to prove to foreign investors that they are welcome in the country.

He added that despite the numerous achievements, both sides can work together to do more and to do better.

The Heads of Mission of several European Union States too participated in the talks, raising concerns about issues encountered by some of their national companies and other European businesses, but also encouraging further cooperation.

The need to improve transparency was stressed by German Ambassador,. Joern Rohde, who said: “we want to make Sri Lanka a better place for trade and investment.

We are here to improve this and solve issues and we believe that Tender Procedures play an important part in the decision to invest”.

For his part, French Ambassador, Eric Lavertu, linked this initiative to the economic development in the country. He stated: “we are trying our best help your efforts

The Dutch Ambassador, Tania Gonggrijp, pointed out the long history between her country and Sri Lanka, adding that “We now focus on trade and investment.