No restrictions on foreign investments - Minister GL
Dharma SRI ABEYRATNE
External Affairs Minister Prof. G.L. Peiris yesterday said that
safety of foreign investment is guaranteed by the constitution.
Addressing the inauguration of Sri Lanka Vietnam Business Forum in
Colombo, the minister said foreign investments are guaranteed protection
by the constitution. The Sri Lanka Vietnam Business forum was
established to promote closer innovation in the field of trade, tourism
and investment between the two countries.
"Every foreign investment is guaranteed and protected by the
constitutional guarantee. No restrictions whatsoever have been imposed
on foreign investments" the minister said.
'As there is no restrictions for foreign investments every cent
earned by foreign investors can be brought out of the country. Board of
Investment (BOI) is a government body which stands for smooth
functioning of investments. Unlike many other countries, Sri Lanka has a
conducive environments for investors. Sri Lanka has made tremendous
progress in the fields of financing, banking and education. Sri Lanka
has a highly skilled workforce for any sort of investment.
The minister said that, the Business Forum will assist to strengthen
the relationship between the two countries. Moreover, the Forum will
strengthen the economies of both countries simultaneously. More than
20,000 foreign investors in Vietnam have provided 1 million employment
opportunities too Vietnames people. Vietnam President Troung Tan Sang
also spoke. |