PM returns from Singapore

PM returns from Singapore

Prime Minister Ranil Wickremesinghe has returned to the island last night following his official visit to Singapore.

Airport correspondent said the Lankan delegation arrived at the Katunayake International Airport at around 9pm. The Prime Minister left on Thursday to attend the ‘Invest Sri Lanka’ forum organized by the Colombo Stock Exchange in Singapore.

The Prime Minister’s Office stated leading investors from across the world attended the forum which was held with the objective of promoting investment in Sri Lanka.

The forum is advantageous to increasing benefits gained by Sri Lanka through the Free Trade Agreement signed between Sri Lanka and Singapore in 2018. Addressing the event, Prime Minister Ranil Wickremesinghe said the government is transforming Sri Lanka into an attractive destination in the Indian Ocean region for investments.

The Prime Minister addressing the ‘Invest Sri Lanka’ forum in Singapore said the government has initiated programmes to achieve sustainable growth through flexible economic policies.

Premier Wickremesinghe noted international investors must explore the possibilities of investing in Sri Lanka claiming the island can act as a link for far-east businesses and Western customers. The Premier addressing the summit said the region has a production volume that caters to the needs of 3 billion people across China to Spain.

Accordingly the Prime Minister said Sri Lanka is located ideally to cater for the world market and the investors will benefit from strengthening ties with Sri Lanka.

Meanwhile, the Singapore government has commended the assistance rendered by Prime Minister Ranil Wickremesinghe in signing the Free Trade Agreement between Singapore and Sri Lanka. This sentiment was shared by Singapore’s Minister of Trade and Industries S Eeswaran during a discussion with Premier Wickremesinghe this morning.

The Office of the Prime Minister issuing a statement said the talks focused on the importance of strengthening trade and economic relations between the two countries based on the Free Trade Agreement.

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