Two key ministers from Sri Lanka meet with leading European and Belgian companies

Finance Minister Ravi Karunanayake and Minister for International Trade Malik Samarawickrama recently concluded a one-day official visit to Brussels.

The two ministers met with leading Belgian and European companies in a roundtable organized by Flanders Investment & Trade (FIT) and participated in an interactive interactive dialogue. These companies have expressed interest in developing trade links with Sri Lanka after the recent announcement by the Commission of the European Commission on the restoration of the GSP + facility.

Minister Karunanayake and Vice-President of the European Investment Bank Andrew McDowell signed a € 50 million financing agreement for wastewater management at the Grand Colombo project in the EIB office in Brussels . The Minister also met with his Belgian counterpart Johan Van Overtveldt and discussed the possibility of improving Sri Lanka's credit rating in the OECD mandate and Belgium's technical assistance to train Sri Lankan officials in Several key sectors. In this regard, Minister Karunanayake also met with Dirk Terweduwe, CEO of credendo, Chairman of the OECD Panel of Experts and discussed ways to rapidly update Sri Lanka's credit rating.

Minister Malik Samarawickrama also met with his counterpart in Belgium, Secretary of State for Foreign Trade Pieter De Crem, and discussed projects underway in Sri Lanka, of which Belgium has provided $ 41.46 million in assistance, Project of 7 railway bridges and Moneragala- water project to be completed this year. Belgium will do its utmost to benefit from the favorable investment climate in Sri Lanka after the EU's decision to re-establish the EU's GSP +.

The two ministers met with European Commissioner for Development Cooperation Neven Mimica at the European Commission and discussed EU-funded development assistance programs, including the Integrated Rural Development Program in the Central Provinces and Uva To improve subsistence livelihoods and access to safe drinking water. They also called for EU support for the development of SMEs and the green energy sector. A programming mission is visiting Sri Lanka to identify projects in line with the priorities of the Government of Sri Lanka.

The ministers discussed follow-up discussions that took place during the visit Ranil Wickremesinghe Prime Minister in Brussels in October last year.

Ambassador of Sri Lanka in Belgium, Luxembourg and European Union Rodney Perera and embassy officials attended the meetings.








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