Serious measures to attract FDIs needed-Envoy

Indunil Hewage

Nobuhito Hobo

Sri Lanka should take more serious measures to attract FDIs to the country, Ambassador of Japan in Sri Lanka Nobuhito Hobo said. He made these sentiments addressing a seminar on “Bi-lateral Trade between Sri Lanka and Japan”, organized by the National Chamber of Commerce of Sri Lanka.

Highlighting the current business trend, trade potential, opportunities for export, import, investment and other services available for Sri Lankans in Japan, Hobo said that if Sri Lankans are able to support the worlds’ sushification, by processing fish fillets of sashimi quality and export them to Japan, it will open new markets for Sri Lankan companies to garner more business opportunities in Japan.

“In a bid to enhance the trade between Sri Lanka and Japan, Sri Lanka should utilize its ethnic resources in Japan. On the other hand,

enhanced market access can spur economic growth, foster new jobs and to do that Sri Lanka should reinforce international trade strategies while maximizing country’s geo-political advantages,” Hobo said. Sri Lanka’s imports from Japan are dominated by motor vehicles, machinery, electronic goods, and audio,camera equipment; while Sri Lanka’s exports to Japan are dominated by tea, fish, rubber products, apparel and textiles, and ceramics.