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Mr. Tadashi Maeda - CEO/Exec Managing Director - of the Japan Bank for International Cooperation - stated that the bank had taken a decision to improve the ranking of Sri Lanka. He added that Sri Lanka would have the full support of the Bank during the course of its development activities.

During this discussion, the possibility, and necessity, of creating a tripartite agreement between Sri Lanka, Japan and India in the future was also discussed.

During a television interview with BBC, the Premier stated that the possibility of establishing improved economic relations among the Commonwealth Nations had already been discussed with New Zealand, and that he also hopes to continue the discussions and exchange ideas with other leading actors.

"The region spanning from South Africa to Indonesia will grow to be the largest - and strongest - middle class in the world by 2050, and due to this I stressed the importance of pre-planning for the food production of this group," Prime Minister Wickremesinghe said in a communiqué.

Acknowledging that the Asian Region was fast emerging as the primary economic region of the world the Premier emphasized that the Hambantota Industrial Zones afford any investor, in any country, the suitable environment within which to launch their enterprises.

 Source: Colombo page


Sri Lankan Prime Minister holds discussions with world leaders on expanding bilateral ties, trade and investment
Published Date: 22/01/2017 (Sunday)

Sri Lanka's Prime Minister Ranil Wickremesinghe, who is leading the Sri Lankan delegation to the annual World Economic Forum in Davos, Switzerland held discussions with several heads of states and business giants on expanding bilateral ties and boosting trade and investment.

Meeting with the Prime Minister of Norway Erna Solberg, Premier Wickremesinghe exchanged ideas with the Norwegian leader on the course of action that could be taken to further strengthen the existing bilateral relations between the two nations, while simultaneously conducting a review on the bilateral plans and programs currently in effect.

During this meeting Sri Lankan PM also pointed out the need to launch a program for upgrading the economy and lives of those areas affected by the war.

At a meeting held with the Prime Minister of Vietnam Nguyen Xuân Phûc the strengthening and expanding of bilateral trade, as well as economic and social ties between Vietnam and Sri Lanka, was a point of discussion.

While it was discussed that it would be appropriate to strengthen ties in identified sectors based on shared cultural characteristics and traditions between both nations, the Vietnamese Premier also said that he looked forward towards signing several MOUs during Prime Minister Wickremesinghe's state visit to Vietnam.

The Sri Lankan delegation led by the Premier met with several award-winning entrepreneurs and business moguls throughout the course of the World Economic Forum in Davos, Switzerland and exchanged ideas, including investment opportunities in Sri Lanka.

Mr. Gopichand P. Hinduja - Chairman of Hinduja Group Limited stated that he was interested in investing in Sri Lanka with regards to oil refining, while Mr. José Viñals - Chairman of the Standard Bank, mentioned that his bank was interested in participating in Sri Lanka's development activities, according to the Prime Minister.

Mr. Lakshmi N. Mittal, Chairman and CEO of ArcelorMittal - the world's largest steel manufacturer, Ms. Jamie Miller, President and CEO of GE Transportation, Mr. Alsha Ibani, and several others were among those with whom the Sri Lankan team exchanged views pertaining to the future investment opportunities being designed within Sri Lanka.


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