US firms show greater interest in local ventures
"I am happy that US companies have shown greater interest in
partnership with Sri Lankan private sector after the US - Sri Lanka
business forum held in October 2010.
Industry and Commerce Minister Rishad Bathiudeen (left) and
Asst. US Trade Representative for Central and South Asia
Michael Delaney |
"This was evident when the high level delegation of top US companies
visited Sri Lanka in the latter part of March this year" said Industry
and Commerce Ministry Rishad Bathiudeen on Tuesday.
Minister Bathiudeen was briefing the visiting Asst. US Trade
Representative for Central and South Asia Michael Delaney, for whom a
special luncheon was hosted in Colombo by the Minister. Responding to a
query by Minister Bathiudeen, Delaney revealed that no change could be
expected on Sri Lanka's GSP status in the immediate future.
However, he said, "The GSP review is also much dependent on the US
Senate's Finance Committee and if permitted after their review, even
benefits Sri Lanka lost during suspension could be paid back on a
retroactive basis."
In latter part of March, a high level US business delegation
comprising over a dozen US companies visited Sri Lanka. Among the
delegation were representatives from Boeing, Caterpillar, John Deer, AGL
Partners, Venture Global, AECOM, Program Rail Service EMD, Burson
Marsteller, Coca Cola and ASBI Corporation.
The companies were exploring opportunities for investments and
businesses in infrastructure sectors such as air transportation, roads,
railway, as well as IT, renewable energy, communication and real estate.
Also taking part in the discussions were Industry and Commerce
Secretary Tilak Kollure and Commerce Department Acting Director General
Bandula Somasiri. |