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. The Trade Commissioner Service is also a good resource for Canadian businesses looking for information and intelligence on doing business in Sri Lanka.
- Construction & Infrastructure
- Transportation Services