Faizer Mustapha speaks at re-launch of EU – Sri Lanka Business Dialogue

Faizer Mustapha speaks at re-launch of EU – Sri Lanka Business Dialogue

Written by Bella Dalima

28 Aug, 2014 | 9:48 pm

Deputy Minister of Investment Promotion, Faiszer Musthapha re-launched the European Union – Sri Lanka Business Dialogue in Colombo on Wednesday.

The re-launch was done with the purpose of engaging the European Union in economic terms and encourage investments from the member countries of the Union to Sri Lanka.

The event saw the participation of the Ambassador of the European Union to Sri Lanka David Daly

Deputy Minister of Investment Promotion, Faizer Mustapha expressed these views;

[quote]The EU Dialogue was initiated for the reason that there was various quarters expressed the need for a platform that we could discuss issues. Sometimes the investor would not go to the correct forum to solve his problems. For example he would go to the wrong line ministry so I believe that platform will resolve a lot of issues and also we need to create a dialogue. We can have a closer dialogue with Europe through this forum and all the European ambassadors have been very supportive for this forum.[/quote]

Meanwhile, Ambassador of the European Union to Sri Lanka, H.E David Daly shared these views;

[quote]When you look at the flows of investment into Sri Lanka around 24 percent come from Europe, every year. Because last year the investment flow of FDI from Europe to Sri Lanka increased by more than 60 percent. So it is a strong and a developing relationship. Investment rules are not always clear. EU companies feel while trade rules are clear FDI rules are not always so. For large projects more and more unsolicited offers are being entertained by the government, which has the potential to compromise transparency. This can affect the attractiveness of applying to participate in large projects in the country.[/quote]

 

Latest News

Are you interested in advertising on our website or video channel
Please contact us at [email protected]