Sri Lanka continues to experience strong economic growth, driven by large scale reconstruction and development projects following the end of the 26-year civil conflict. As of 2010, Singapore is Sri Lanka’s 3rd largest import partner.

Sri Lanka is pursuing a combination of government directed policies, private investment, both foreign and domestic, to spur growth in disadvantaged areas, develop small and medium enterprises, and increase agricultural productivity.

Recent reforms to the tax code have resulted in higher revenue and lower budget deficits in recent years. The 2008-09 global financial crisis and recession exposed Sri Lanka's economic vulnerabilities and nearly caused a balance of payments crisis, which was alleviated by a $2.6 billion IMF standby agreement in July 2009. The end of the civil war and the IMF loan, however, have largely restored investors' confidence, reflected in part by the Sri Lankan stock market's recognition as one of the best performing markets in the world.

Sri Lankan growth rates averaged nearly 5% during the war, but increased government spending on development spurred GDP growth to approximately 6-7% per year from 2006-08. After experiencing 3.8% growth in 2009, Sri Lanka's economy bounced back, achieving growth rates above 7% per year between 2010 and 2011.

Please join us at the IE – SBF Seminar: Business Opportunities in Sri Lanka to explore the current trade and business opportunities in Sri Lanka.

Jointly organized by International Enterprise (IE) Singapore, Singapore Business Federation (SBF) and the Sri Lanka High Commission, this seminar will bring you valuable insights through Sri Lankan businessmen and government officials, into the business opportunities and challenges in Sri Lanka with a focus on these promising sectors:
Real Estate, Urban Development Solutions, Hospitality, Manufacturing, Logistics and Trading