New investment and export framework to be unveiled in January

28 December 2015 02:59 am

Sri Lanka will have its first glance of the country’s new investment and export framework next January, according to a top Cabinet Minister in-charge of international trade. 

According to Development Strategy and International Trade Minister Malik Samarawickrama, Board of Investments (BoI) and Export Development Board (EDB) are slated to become implementing arms of the new policy.

“We are starting on a new journey. The government is going to accelerate economic projects and the main driving forces are the BoI and EDB. 

We are in the process of forming a new Agency for Development and an Agency for International Trade, which will have both government and private sector personnel’s participation. These personnel are picked based on their proven track record. However the implementing of their projects and proposals will be done through these two institutions -the BoI and EDB,” said Minister Samarawickrama. 

“We are looking at improving Doing Business Index as well, so that when investors come, they can be looked after well and their needs addressed in a very short time. I do not want to go to details at this stage. We are discussing details and they will be ready sometime in January 2016,” he added.