TRADE ACTIVITIES

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Trade between Sri Lanka and Malaysia

Trade between Sri Lanka and Malaysia has been increasing over last few years and Malaysia has emerged as one of Sri Lanka's major trading partners.

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Sri Lanka’s main exports to Malaysia

Natural rubber & rubber based products, bran, sharps and other residues of milling, precious stones and semi precious stones, tea, bath preparations, shaving or after shave preparations, deodorants, fish, ladies underwear, wheat/meslin flour, articles of jewellery, food preparations, unmanufactured tobacco, machinery parts, articles of apparel and clothing accessories, Rubber gloves, coconut fiber, vegetables (gherkins), brooms and brushes, aluminum plates, sheets and strips etc, natural sands, synthetic filament yarn.

Sri Lankas Main imports from Malaysia

Petroleum, palm oil, cement, Aluminum, News print, wood products, electrical items, cement linkers, polymers of ethylene, vegetable fats, chemicals, urea, plastics articles, iron & steel articles, paper etc.

Why Invest in Sri Lanka?

Plans are for Sri Lanka to be developed as a major Global Logistics Hub in the South Asian Region for trade, investment, communication and financial services. To be known as the Colombo Freeport, it will provide integrated air, sea and road services linked to state of the art distribution parks.  Key activities of the Colombo Freeport include

• Multi-country consolidation.
• Regional distribution.
• Trans-shipment.
• Entrepot Trading.
• Import/export and value addition.

Key sectors for investments:

• Strong Resilient Economy

• Peaceful domestic environment

  Favorable government policies and improved investor confidence have facilitated all key sectors to demonstrate a commendable performance contributing towards high economic growth.

• Strong economic performances

  Strong economic performances in Sri Lanka have lifted the country’s per capita income substantially, which has enabled the country to be graduated to middle – income status from the list of Poverty Reductions & Growth Trust (PRGT) eligible countries.

• Business Focus

  The government has planned to transform Sri Lanka into a strategically important economic center by developing 5 strategic hubs: knowledge, commercial, naval & maritime, aviation and energy taking advantage of Sri Lanka’s strategic location and resources.  

• Highly literate and cost competitive labor force

  92% literacy rate. Highest in South East Asia. Highly trainable and quick to learn.

• Attractive and transparent laws.

• Solid infrastructure

  Private and Public investment programs have been implemented to improve the country’s basic infrastructure facilities. Today, Sri Lanka’s infra-structure ranks as the best available in South Asia. The government is actively encouraging private sector investments in infrastructure on the basis of BOO [Build, Operate and Own] and BOT [Build, Operate and Transfer]. Currently there are private investment projects in power, ports, water sanitation, transportation (highways and rail) and IT.

• Power

  The Ceylon Electricity Board (CEB) is the main supplier of electricity to the National Grid. Independent Power Producers (IPP) share of total power generation was XXX

• Quality of life

  The relatively high ranking of the country GDP p.c (PPP) which is at USD 3,530 is higher than that of India (USD 2,358), Pakistan (USD 1,928) & Bangladesh (USD 1,602).

All compelling reasons for investors for wanting to explore the opportunities to invest in Sri Lanka – The Wonder of Asia.

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Useful Institutions For doing business in Malaysia

Useful Institutions for doing businesses in Sri Lanka