Sri Lanka External Affair Minister discusses trade and investment with British legislators

Apr 05, Colombo: Sri Lanka’s Minister of External Affairs Prof. G.L. Peiris who is on an official visit to the United Kingdom has met with British legislators yesterday and held discussions on strengthening the bilateral relations between the two countries.

Minister Peiris has met with the British Minister of State for Trade and Investment, Lord Green of Hurstpierpoint at the Ministry of Trade and Investment in London on Monday and invited him to lead a business delegation to Sri Lanka.

According to a statement issued by the External Affairs Ministry today, the Minister has outlined the recent expansion of opportunities in Sri Lanka for broadening business and trade links between the two countries following the end of the conflict.

Highlighting the business-friendly atmosphere prevailing in Sri Lanka since the end of the conflict in 2009, Prof. Peiris has explained that Sri Lanka was engaged in a major programme of infrastructure development while other sectors such as tourism and services have also expanded considerably in recent months.

“Against the background of strong bilateral links and the mutual familiarity of each other’s administrative, financial and legal structures, it was an opportune moment for strengthening interactions in the trade and business sectors,” the Minister has pointed out.

Lord Green has pointed out that a significant number of British companies are already active in Sri Lanka and the UK side could encourage in particular the British Small and Medium Enterprises (SMEs) for further investments.

Minister Peiris also met with Alistair Burt, Parliamentary Under-Secretary of State at the Foreign and Commonwealth Office in London as a follow-up to their meeting in Colombo in February, where avenues for further strengthening bilateral relations were discussed, the Ministry said.

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