Visiting British MP James Wharton said that Sri Lanka’s tourism sector is very promising with good potential for growth. He made this observation when he called on Minister of Industry and Commerce Rishad Bathiudeen on Tuesday. He further said that according to his belief the prospects in Sri Lanka Tourism are very high.
Accompanying Wharton on the two member UK Parliamentary delegation was his Political Advisor Chris Duggan.
Minister Bathiudeen invited British investors to invest in Sri Lanka's tourism, agro, infrastructure, and industries. He also said using Sri Lanka as a base, they can export to India by taking advantage of the Indo-Lanka Free Trade Agreement. More than 4,000 product lines are now open for British investors under the Indo-Lanka FTA. He pointed out to the fact that as a result of the development vision of President Mahinda Rajapaksa, Sri Lanka provides a friendly atmosphere for British Investors, expecially to invest in the North and East. Minister Bathiudeen also pointed out that Sri Lanka is becoming a strong logistical and a maritime hub
The Minister invited business and industry delegations from UK to Sri Lanka's mega export event Sri Lanka Expo 2012, which is being held after a lapse of over 15 years in March in Colombo.
According to the Department of Commerce of Sri Lanka, Sri Lanka’s trade with UK has recorded a considerable increased during the years 2001-2008. The value of total trade between the two countries registered at US$ 1287.3 m in 2010, increased by 0.8% over the previous year
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