US says keen to expand open, fair and reciprocal trade with SL

Stephen Renna, Director of the Advocacy Center at the U.S. Department of Commerce, recently met with government leaders and U.S. companies in Colombo to discuss opportunities to increase US exports to Sri Lanka.  

“The United States is eager to expand open, fair and reciprocal trade,” stated Stephen Renna during his visit.  

He pointed out that American companies are the most dependable business partners in the world.  

US Ambassador Atul Keshap, who was also present during the discussion said: “U.S. companies produce the highest quality goods and services with the complying with highest standards, corporate social responsibility, employee benefits, and environmental awareness.”  

Further, when selling goods and services to foreign governments, the US Foreign Corrupt Practices Act makes it unlawful for US firms and American citizens to pay bribes or otherwise violate the law.  

Keshap pointed out that the values, practices, and international standards that American companies bring to the table make them the finest partners for improving standards and quality throughout the business ecosystem.

The United States is Sri Lanka’s largest trading partner, purchasing around US $2.9 billion (Rs. 445 billion) worth of goods and services from Sri Lanka in 2017. Last year, the United States exported US $337 million worth goods to Sri Lanka.