Evaluating the market in Sri Lanka

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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

Read the latest Government of Canada travel advisory for this market.

Business environment in Sri Lanka

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 transshipment hub for the region. While the country stands to benefit from these advantages, bureaucracy, nepotism and a lack of transparency threaten its full-growth potential. Canada and Sri Lanka enjoy strong bilateral relations based on 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. The Trade Commissioner Service (TCS) is also a good resource for Canadian businesses looking for information and intelligence on doing business in Sri Lanka.


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Date modified: 2023-01-03