Login
Home > Home > Country Info > Sri Lanka

Sri Lanka

EDC Position-restricted select programs

EDC's Position

  • Reactive approach to business
  • Open on a restricted basis under select programs

Submit an online inquiry form

Country At A Glance

Flag of Sri Lanka
Map of Sri Lanka

Country Facts

Nominal GDP82.32 Billion USD
Population21.26 Million
Total Trade/GDP48.48%
CurrencySri Lankan Rupee (LKR)
Merchandise Imports from Canada315.53 Million CAD
Main importsMineral Products, Machinery & Equipment, Textiles, Base Metals

EDC in Sri Lanka

Canadian companies assisted26
International buyers insured31
Business volume64.59 Million CAD

Business Environment

Sri Lanka's proximity to other lucrative markets in South Asia provides a major economic advantage and incentive for foreign investors. Combined with its low tariff open trade regime, Sri Lanka has become a trading and trans-shipment hub for the region. While the country stands to benefit from these advantages, bureaucracy, nepotism and a lack of transparency threaten full growth potential. Canada and Sri Lanka enjoy strong bilateral relations based upon shared participation in the Commonwealth. Canadian companies doing business in Sri Lanka are advised to appoint a local representative or agent to help navigate the market. Depending on the level of investment the Board of Investment of Sri Lanka (BOI) may be able to offer investors tax incentives and holidays.

Key Industries

  • Agriculture
  • Construction & Infrastructure
  • Telecom
  • Transportation Services

How we can support your business

Through our Head Office operations in Ottawa, we provide support to Canadian companies planning on or currently doing business in Sri Lanka.

  • We are positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

EDC Representatives

Related Information

Country Risk Quarterly

Country Risk Quarterly

Make informed trade and investment decisions on over 100 countries.

Access it now