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Sri Lanka

EDC Position-restricted select programs

EDC's Position

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

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Country At A Glance

Flag of Sri Lanka
Map of Sri Lanka

Country Facts

Nominal GDP67.71 Billion USD
Population21.26 Million
Total Trade/GDP55.57%
CurrencySri Lankan Rupee (LKR)
Merchandise Imports from Canada183.04 Million CAD
Main importsMineral Products, Machinery & Equipment, Textiles, Base Metals

EDC in Sri Lanka

Canadian companies assisted29
International buyers insured46
Business volume63.12 Million CAD

Business Environment

Canada and Sri Lanka have strong bilateral relations based upon shared participation in the Commonwealth and development assistance through the Colombo Plan. Since the ending of Sri Lanka's civil conflict in 2009, trade between the two countries has shown signs of recovery and continues to build. Sri Lanka has developed a low-tariff, open trade regime and has free trade agreements with several countries including Pakistan and India. The country's proximity to other lucrative markets in South Asia provides a major economic advantage and incentive for foreign investors.

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. Our market experts have developed strategic relationships with major buyers in several sectors as well as a network of local contacts in the market.

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

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