AMERICA LOOKS TO GROW EXPORTS
The US is working closely with the Sri Lankan government to ensure that American companies are given the opportunity to compete for government tenders in a fair manner.
As the largest export market for ‘Made in Sri Lanka’ garments, the US seeks to increase its exports to Sri Lanka, which is a hub of trade and maritime activity. Thereby, the US seeks to build strong, reciprocal and balanced trade and investment relations in the Indo-Pacific region.
Members of the Overseas Private Investment Corporation (OPIC) – the US government’s development finance institution – met with Minister of Finance and Mass Media Mangala Samaraweera to identify investment opportunities in the island nation.
OPIC currently has about US$ 20 million invested across four projects in Sri Lanka. This is in line with President Donald Trump’s national security strategy to fortify economic relationships and investments in regions important to American interests.