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The contribution from Sri Lanka’s agriculture sector to the country’s GDP is approximately 7.5% with 30% of the population reportedly employed by the sector.
One of the most significant contributors towards the Sri Lankan economy, the Apparel Sector has shown steady growth over the past three decades
he major contributors of the Manufacturing sector in the context are apparel, rubber, petroleum products, diamond and jewelry, food and beverage and machinery and equipment.
Sri Lanka as an island nation has always had limited resources on property and real estate and thus have a premium attached to many of its properties.
Sri Lanka is likely one of the most secure nations in the world to invest in, due to numerous mechanisms in place to guard investors. Article 157 of the island’s constitution ensures the safety of investment protection treaties and agreements authorized by parliament by a two-thirds majority. Sri Lanka has signed bilateral Investment Protection Agreements (IPA) with 28 nations. The nation has an unbiased system of courts which may redress any issues of investors. Sri Lanka also has bilateral Double Tax Avoidance Agreements (DTAA) with 42 nations. Sri Lanka is a founder member of the Multilateral Investment Guarantee Agency (MIGA), an investment assures agency of the World Bank. This provides a safeguard against expropriation and non-commercial risks.
There are many reasons why companies’ investors select Sri Lanka as their investment destination. It all starts with positive leadership, policies and peace. Sri Lanka is an open economic system and has closely invested to develop its infrastructure to face the problem of attracting excessive performing industries.