Hiran H.Senewiratne (hsenewiratne@gmail.com)
Japan now intends increase foreign direct investments in Sri Lanka, Japanese Ambassador Kenichi Suganuma said.
Japanese foreign direct investments to the country have been stagnant for more than a decade. Japan is now impressed with the government's economic policies,the envoy said."Sri Lanka needs a clear, consistent and transparent economic policy to promote foreign direct investments into the country. Therefore, several top end high tech Japanese companies are now exploring possibilities to invest here,and they are quite positive to invest, "Suganuma told the Daily News Business.
He said that Sri Lanka has a very high potential for private sector business development with the change of government polices and could harness the geographical advantage due to the access Indian, Bangladesh and Pakistan markets.
Suganuma said the national government concept in Sri Lanka is an excellent move for the country to move forward as it could create a lot of confidence to prospective investors to invest here. "Therefore, they are also considering signing the Free Trade Agreement in the future," he said.
He said that the Japan is now keen on promote bilateral trade relationships and FTA with Sri Lanka to enhance trade and investment in both countries.
Suganuma said that the balance of trade is not in favour of Sri Lanka and for Sri Lanka exporters to penetrate the complex Japanese market, it demands high quality global standards.
He said that Sri Lanka exporters should focus and identify markets in Japan. "At present there is a high demand for virgin coconut oil and high quality tea to name a few, he said. He also said that JETRO Sri Lanka is now taking steps to encourage Sri Lanka exporters to penetrate into lucrative market. They take prospective exporters on study tours and other required knowledge for them to enter the market, he said.
www.dailynews.lk
Japan now intends increase foreign direct investments in Sri Lanka, Japanese Ambassador Kenichi Suganuma said.
Japanese foreign direct investments to the country have been stagnant for more than a decade. Japan is now impressed with the government's economic policies,the envoy said."Sri Lanka needs a clear, consistent and transparent economic policy to promote foreign direct investments into the country. Therefore, several top end high tech Japanese companies are now exploring possibilities to invest here,and they are quite positive to invest, "Suganuma told the Daily News Business.
He said that Sri Lanka has a very high potential for private sector business development with the change of government polices and could harness the geographical advantage due to the access Indian, Bangladesh and Pakistan markets.
Suganuma said the national government concept in Sri Lanka is an excellent move for the country to move forward as it could create a lot of confidence to prospective investors to invest here. "Therefore, they are also considering signing the Free Trade Agreement in the future," he said.
He said that the Japan is now keen on promote bilateral trade relationships and FTA with Sri Lanka to enhance trade and investment in both countries.
Suganuma said that the balance of trade is not in favour of Sri Lanka and for Sri Lanka exporters to penetrate the complex Japanese market, it demands high quality global standards.
He said that Sri Lanka exporters should focus and identify markets in Japan. "At present there is a high demand for virgin coconut oil and high quality tea to name a few, he said. He also said that JETRO Sri Lanka is now taking steps to encourage Sri Lanka exporters to penetrate into lucrative market. They take prospective exporters on study tours and other required knowledge for them to enter the market, he said.
www.dailynews.lk
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