Sri Lanka & Great Britain Strategic Partners, Historic Friends.
Engage Sri Lanka was established to make the case for the United Kingdom engaging more closely with Sri Lanka. Britain has a close historical, cultural and economic relationship with Sri Lanka and it is important that we maintain and develop our connection with one of our oldest partners.
In an age of economic uncertainty, British business should make the most of its reputation in Sri Lanka and expand its involvement in the Sri Lankan economy. Sri Lanka’s commercial law is based on that of the United Kingdom and this is coupled with a skilled work force. Britain is already the second largest market after the United States for Sri Lankan exports.
World Bank figures show that the Sri Lankan economy is growing by 8 percent a year. Sri Lanka is also a strategic partner for British business in South Asia and a key point of entry into the rapidly growing Indian market. Sri Lanka has the highest ranking in the World Bank’s ‘Ease of doing business’ ratings in the region.
The United Kingdom needs to engage as fully and vigorously as possible with Sri Lanka. British business already faces fierce competition from China and other countries and so we must challenge any obstacles to our country’s political and economic relationship with Colombo.