Sri Lanka - Canada Business Council meets
Canadian High Commissioner in Colombo Bruce Levy, addressed business
people at a luncheon meeting organised by the Sri Lanka – Canada
Business Council of the Ceylon Chamber of Commerce recently.
“Canada is interested to do business with Sri Lanka and there are
opportunities to pursue” Levy said.
“Canada welcomes foreign direct investment (FDI) and offers the kind
of stability, low costs and taxes, a talented and diverse workforce, and
world-leading research, innovation and transportation infrastructure
that businesses need to innovate, grow and succeed in the global
economy” said Levy.
The Export Development Canada (EDC) is open to consider new exposure
under all of its programs. The Investment Cooperation Program (INC) an
important Canadian Government program promotes and encourages
responsible, sustainable Canadian private sector investments in
developing countries, and through the participation of Canadian private
sector, creating sustainable employment and economic growth in
developing countries leading to poverty reduction.
INC is part of Canada’s Official Development Assistance for
developing countries and is managed by Foreign Affairs and International
Total trade between Canada and Sri Lanka stood at $ 456 million in
2009 with Canadian imports at $ 115.7 million with nearly 50 percent in
woven and knitted apparels. Canadian exports were at $ 335 million.