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Thursday, June 03, 2010 - 5.05 GMT |
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SL, 3rd highest foreign investor in Bangladesh |
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Sri Lanka is the third largest source of Foreign Direct Investments (FDI) for Bangladesh following USA and South Korea, said Bangladeshi High Commissioner Mahbubuzzamam at the meeting with the Prime Minister D. M. Jayratne at the Prime Minister’s Office, yesterday (June 02).
Sri Lankan investors are mainly focused on producing leather products, garments and chemicals while many other projects implemented by Lankan entrepreneurs are ongoing, he added.
He also mentioned that trade between Sri Lanka and Bangladesh is not very large and therefore there is huge potential in the future for the two countries to expand its trading activities. “Trade between the two countries accounts to nearly 19 million US dollars, which is not very significant”, he said.
The Ambassador further stated that there are more than 2, 000 Sri Lankan nationals working in Bangladesh at the moment mainly in the garment industry. Also nearly 400 visas are issued per month for Sri Lankans granting approval to enter Bangladesh.
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