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US calls for changes to boost investor confidence in Sri Lanka

13 Mar, 2025

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The United States called for changes to boost investor confidence in Sri Lanka.

The US Ambassador to Sri Lanka, Julie Chung said that US President Donald Trump is prioritizing a robust and reinvigorated trade policy that promotes investment and productivity, enhances the United States?s industrial and technological capabilities, defends America’s economic and national security, and benefits American workers, manufacturers, farmers, ranchers, entrepreneurs, and businesses.

To achieve that goal, the President and his team will be taking a close look at America’s current trade agreements with other countries and will be suggesting changes if needed to make sure that both sides benefit fairly from these deals and continue to encourage free trade.

“This is particularly important for Sri Lanka, as the United States is Sri Lanka?s largest export market,” the US Ambassador said.

She said that if Sri Lanka maintains its economic recovery, including implementing needed reforms to improve the investment climate in the country, Sri Lankans will have greater opportunities to flourish.

“We could also look to expand our two-way investment?though that will require making changes to boost investors? confidence in the business climate here. You have an important voice as key economic stakeholders in advocating for the right legal framework to propel your economy forward,” she said while addressing the Rotary Club Joint Meeting in Colombo.

The Ambassador said she was optimistic about the future of the US-Sri Lanka bilateral relationship. She also said the United States remains a steadfast partner and friend to Sri Lanka.? (Colombo Gazette)

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