With Australian companies eager to explore investment opportunities in Sri Lanka, trade and investment promotion and facilitation activities can play a vital role in fast-tracking foreign direct investment, High Commissioner for Australia in Sri Lanka, Paul Stephens told guests at a meeting at the Ceylon Chamber of Commerce recently.
Stating that Australian companies are keen to invest in industries such as mining, renewable energy and agriculture among others, with many companies currently at various stages of the investment process, HC Stephens said that facilitating such investment would encourage more interest in Sri Lanka as a viable investment destination.
Chairman of the Ceylon Chamber of Commerce Vish Govindasamy highlighted several of the Ceylon Chamber’s trade facilitation and promotion initiatives. These include the 19 dedicated Business Councils of the Chamber representing 34 countries that promote and facilitate cross border trade and investment, including organising bilateral trade delegations, signing Memoranda of Understanding with Chambers of commerce and industry across the globe, including in Australia, and business matchmaking and linkage services.
The Ceylon Chamber also works closely with trade and investment related Government institutions to contribute towards an investor-friendly environment.