US investors look for sound and predictable business environments

If the Sri Lankan Government could ensure attractive, steady, predictable business opportunities, US investors could be pursued to invest in Sri Lanka, according to Atul Keshap, US Ambassador for Sri Lanka and Maldives.

These comments came from Mr. Keshap who was the Chief Guest at the 177th AGM of the Ceylon Chamber of Commerce (CCC) this week in Colombo.

He stressed that "US investors steer trillions of dollars of investment towards the most attractive, steady, predictable business opportunities worldwide. World-class US companies seek to invest and do business in nations with predictable, sound, and consistent economic policies".

Hinting that attracting the US investors to Sri Lanka could be a possibility and such economic stability could be achieved in Sri Lanka, the US Ambassador said that with the renewed commitment to rule of law, equal administration of justice and economic opportunity for all, the government of Sri Lanka is moving beyond the acrimony of the past towards a future that is inclusive, just, peaceful, and prosperous. In support of this claim, he said "The international community has embraced this positive vision and extended its considerable support, providing enormous dividends for the Sri Lankan

A new vessel built for Ceylon Shipping Corporation (CSC) has been added to the registry of the DNV GL, leading classification society with 150 years long tradition in maritime industry and presence in over 100 countries.

Bulk carrier "Ceylon Breeze", built at AVIC Weihai Shipyard Co., Ltd China will be flying the Sri Lanka Flag, people".

He said that while Sri Lanka is moving ahead with needed constitutional reforms, national reconciliation and fulfilling its UN commitments, the US would remain steadfast in its support to efforts to rebuild the economy, advance good governance, and ensure that all Sri Lankans enjoy equal rights, equal opportunities and the full benefits of post conflict development and prosperity.

US - Sri Lanka relations are at an all-time high now, he remarked and said this year's US assistance to Sri Lanka would total up to US$40 million and in the coming years too further assistance would be provided. He said "As a result of Sri Lanka's commitment to good governance, the Millennium Challenge Corporation is evaluating Sri Lanka for a threshold programme that can potentially unlock millions of dollars in additional assistance to facilitate economic reforms that can boost growth and create jobs." Samantha Ranatunga, who was re-elected the Chairman, CCC for the ensuing year, said that through the long years of existence CCC has made tremendous contribution in the transformation of Sri Lankan economy - a proud record of serving the business community and said that the chamber continued its focus on its core activities of advancing and promoting trade, tourism and investment opportunities.