U.S. wants SL to ensure a level playing field for U.S. investors in Sri Lanka

The Sri Lanka Investment Forum 2021 (SLIF 2021) organised by the Board of Investment, the Ceylon Chamber of Commerce and the Colombo Stock Exchange of Sri Lanka. Through June 7 – 9, 2021 featured the country session dedicated for the United States of America (USA) on the 9th June 2021.

Chargé d’ Affaires (CDA) of the US Embassy in Colombo Martin Kelly noted during the session that the U.S. government has long been supportive of Sri Lanka’s efforts to broaden and modernize its economy promoting trade and investment opportunities between the two countries.

“The Sri Lankan people, its democracy and business community, have proven their resilience, time and again accruing the highest standard of living and most advanced development indicators in South Asia. Sri Lanka has also steadily upgraded its air, sea, and telecom infrastructure to position itself as a regional base of operations for technology and manufacturing with an eye to attracting investment”, he said.

“Despite those positive indicators FDI from the USA has remained mostly flat over the past five years due to concerns about transparency and the regulatory framework I’m confident that concrete efforts will begin to improve the ‘ease of doing business’ and ensure a level playing field for U.S. investors”.