Friday September 20, 2019 17:08:24
ECONOMYNEXT- Sri Lanka will be able to improve its investment climate through liberalization of freight forwarding and shipping, industry experts and officials said at the Top German Brands 2019 forum.
“German tourists and companies recognize the potential of Sri Lanka. But there still is room for improvement concerning level playing field, liberalization – freight forwarding and shipping – and land ownership restrictions related to tourism,” German Ambassador to Sri Lanka, Jorn Rohde said.
“Development cooperation with Sri Lanka concentrates on reconciliation, social integration, education, private sector promotion and vocational training, with a regional focus on the north and north-east of the country.”
Malik Samarawickarama, Minister of Development Strategies and International Trade, highlighted the positive impact of long-standing German-Sri Lankan business relations.
“We are not taking any steps back from economic reform efforts, whether they are on the business index, or trade policy or investment facilitation. I believe that after the presidential election, which will be on 16th of November, we will be in a better position to implement these reforms,” he said
“I’m also pleased that in the recently conducted business survey, 62.5 percent of the companies declared that they have achieve their business targets in 2018,” Samarawickrama said
Samarawickrama said that 75 percent of the companies stated that the industry will stay unchanged or improve was a good sign, however its continuance depends on which government will come into power next year.