Premier advocates trad able economy


Sri Lanka’s economy should be transformed from a non-tradable one to a more tradable sector and the government’s current economic restructuring plan is aimed at achieving this goal, Prime Minister Ranil Wickremesinghe said on Sunday at the ceremony to award the ‘Most Admired Companies of Sri Lanka’ in Colombo.

The awards ceremony was organised by the International Chamber of Commerce, Sri Lanka (ICCSL) in partnership with the Chartered Institute of Management Accountants (CIMA) Sri Lanka.

The Prime Minister said infrastructure development projects, made on foreign borrowings in the past 10 years were not properly focused and they were mainly on ports and airports, but not towards promoting the tradable sector of the economy. “Sri Lanka cannot depend on export revenue earned only from tea and apparel exports.”