Economic situation looking better:
USA has positive role to play
AmCham President Moji Akingbade handing over the first copy of
the membership directory to American Ambassador Patricia A.
Butenis. - Picture by Saliya Rupasinghe.
Sri Lanka is looking very promising for development in sectors such
as tourism, dairy industry, IT, apparel, agriculture and Government
procurement. The challenge is to attract US investors to the country who
focus on transparency, business interaction, legal framework, good
governance and infrastructure facilities.
Sri Lanka’s commitment to improve infrastructure is an important
move, said American Ambassador Patricia A. Butenis.
The economic situation in Sri Lanka is looking better now than it has
in a long time with the end of the war and the global economic recession
The country has a great potential to see a dramatic increase in many
sectors over the coming years.
The USA has a positive role to play in Sri Lanka’s economic
revitalization through increased trade and investment and AmCham’s role
is front and centre in that effort, she said. The American Chamber of
Commerce (AmCham) is also an essential agent of change on economic
issues facing the country.
This is a strong group of over 300 companies and AmCham and its
member companies are working with the Sri Lankan Government and other
business associations to make business more transparent, to reduce
excessive taxes and import limits to protect intellectual property and
to continue trade liberalization, she said.
AmCham companies are among the best and the most dynamic firms in Sri
Lanka representing all the major areas of the economy and employing
thousands of Sri Lankans.
It will grow and strengthen and take on an even bigger and more
important role as the country’s economy improves and as more American
investors come to Sri Lanka, she said.