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“Growth of 1.6%, positions Sri Lanka as ‘a nation on the move’”

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Commonwealth Enterprise and Investment Council (CWEIC) Chairman Lord Marland praised Sri Lanka’s resilience, hospitality, and entrepreneurial spirit after concluding a successful 3-day visit to Sri Lanka as part of a larger trip to South and South East Asia.

Highlighting Sri Lanka’s current economic growth of 1.6% he said he positions Sri Lanka as ‘a nation on the move’. Marland also met State Minister of Investment Promotion Dilum Amunugama and reaffirmed CWEIC commitment to support the government as part of the Strategic Partnership. Minister Dilum Amunugama is due to visit London in March as part of the Ministry of Investment Promotion’s investment drive and this visit will create a significant opportunity to foster further ties between the government, business sector, and the CWEIC.

This global network offers Sri Lanka a pathway to forge deeper partnerships worldwide. Moreover, a combination of cultural, legal, and economic factors means that it is 21% cheaper for Commonwealth countries to trade with one another, an effect known as the ‘Commonwealth Advantage’, which further offers Sri Lanka opportunities for growth.

Marland also held a meeting with British High Commissioner Andrew Patrick during which he was informed of the way the United Kingdom is engaging in Sri Lanka and key priority areas such as renewable energy and education.

During a visit to the Port City Colombo (PCC) Lord Marland expressed strong support for PCC’s investment promotion efforts. He also met President Ranil Wickremesinghe and extended a formal invitation to participate in the Commonwealth Business Forum, which is one of the four official Forums that are convened alongside the Commonwealth Heads of Government Meeting in October in Samoa. With over 2.5 billion people and a combined GDP exceeding $13.1 trillion, the Commonwealth boasts 56 member states, including some of the world’s fastest-growing economies. CWEIC has multiple Strategic Partners (members) in Sri Lanka including Port City Colombo, Capital Maharaja Group, Hypower Engineering International, and LOLC Holdings from the Private sector.

The post “Growth of 1.6%, positions Sri Lanka as ‘a nation on the move’” appeared first on DailyNews.

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