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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2786

Sri Lanka’s Minister urges Japanese investors to reap the benefits of FTA’s with India and Pakistan by investing in Sri Lank

Sunil C. Perera reporting from Colombo

Colombo, 01 June, (Asiantribune.com): Minister of Enterprise Development and Investment Promotion Rohitha Bogollagama invited the Japanese investor community to invest in Sri Lanka and reap the benefits under the FTA’S Sri Lanka has entered in to with India and Pakistan.

Addressing Japanese business delegates at the inauguration ceremony of the 14th Annual meeting of Sri Lanka Japan Business co-orporation committee in Tokyo, the Minister said that the Japanese Investors might be unaware of the excellent investment climate and the advantages of the Free Trade Agreements and the EU GSP+ schemes that Sri Lanka has to offer. We have access to the Indian subcontinent through the Indo -Lanka and Pakistan –Lanka Free Trade Agreements.

A manufacturer can produce goods in Sri Lanka and export to both India and Pakistan free of duty or at a very concessionary rate. We are also able to export 7200 products to the European Union under the GSP+ scheme said the Minister.

He went on to say that Sri Lanka would be the centre point to Europe-the Middle East and the Indian subcontinent.

During his speech the Minister brought to the notice of the participants of the European Union regulations banning the LTTE. He added that the Sri Lanka’s President is sincerely committed to a negotiated settlement to the ongoing ethnic problem.

Sri Lanka Ambassador in Japan Ranjith Uyangoda, Chairman Sri Lanka Japan Business Co-orporation Council Das Wijeratna, and Chairman Japan Sri Lanka Business Co-orporation Council Minoru Murafushi were also present at the meeting. Representatives of over 200 leading Japanese Companies took part at the meeting followed by the business promotion seminar.

Production of Motor Car accessories, Electronic products, Fisheries and Tourism are some of the areas promoted for investment during the Minister’s visit to Japan.

- Asian Tribune -

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