Foreign Affairs, Foreign Employment and Tourism Minister Vijitha Herath said the Government has submitted a new Investment Protection Bill to the relevant authorities.

He made the remarks during an interview with Observer Research Foundation Chairperson Sunjoy Joshi on the sidelines of the Raisina Dialogue in India.

Addressing efforts to create a more investor-friendly climate, Herath highlighted the Government’s zero tolerance policy on bribery and corruption, the introduction of a single window system, and plans for a simple and transparent tariff regime. He also underscored Sri Lanka’s ambition to position itself as an international trading hub.

“Our location is very important. We are situated close to the main East–West shipping lane. As a logistics hub, many international operators seek port facilities, and we have such ports in Colombo, Hambantota and Trincomalee,” he said.

Responding to a question on potential security threats, he acknowledged existing challenges amid the global geopolitical climate.

“Yes, there is a security threat. In terms of maritime activities, we face certain risks due to the current global situation. These challenges must be addressed collectively, not by one country alone. That is why we are engaging with regional organisations such as the Indian Ocean Rim Association and BIMSTEC,” he added.