Commonwealth Enterprise and Investment Council set up SL Hub
The Commonwealth Enterprise and Investment Council (CWEIC) announced the establishment of its Sri Lanka center, which marks a key milestone in the Commonwealth’s efforts to promote trade and investment in Sri Lanka. Sri Lanka. This strategic effort, launched in collaboration with the Sri Lankan government, intends to increase trade and investment opportunities while enhancing ties among Commonwealth member countries.
The hub will serve as a gateway for Sri Lankan enterprises to enter new markets inside the Commonwealth, encouraging foreign direct investment (FDI) to the country. It will provide a venue for corporate executives and officials to network, collaborate, and share best practices. CWEIC now has six members in Sri Lanka, including the government.
Lord Jonathan Marland, Chairman of WCEIC, expressed his support for the construction of the Sri Lanka hub. “The opening of the Sri Lanka hub is a critical step in our ambition to connect businesses across the Commonwealth. Sri Lanka’s strategic location and renewed commitment to promoting international trade make it an excellent choice for our newest center.”
State Minister for Investment Promotion Dilum Amunugama praised the initiative: “The establishment of the Commonwealth Enterprise and Investment Council base in Sri Lanka demonstrates our country’s growing commitment to multilateralism. This program will provide new opportunities for local firms and demonstrate our commitment to fostering a welcoming climate for international investors.
Niro Cooke, Chair of the CWEIC Sri Lanka said, “We are delighted to witness the construction of the CWEIC hub in Sri Lanka. This will surely help our attempts to promote Sri Lanka as a major player in international trade and investment. The center will allow significant connections and partnerships that can boost export trade, foster innovation, and provide growth prospects in a variety of sectors of our economy.”
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