Sri Lanka’s Board of Investment (BOI) recently reaffirmed its non-aligned geopolitical foreign policy, during a courtesy call paid by a 23-member US delegation comprising senior representatives from leading American think tanks and private sector enterprises.
Broaching the subject of geopolitical matters, Sri Lankan officials stated that the country’s long-standing non-aligned foreign policy, maintaining constructive relations with all major powers while safeguarding national interests.
“We remain neutral and independent in our external relations,” officials noted. “Our ties with the US are historic and enduring - rooted in shared democratic values and people-to-people connections,” BOI Chairperson Arjuna Herath said.
The delegation included prominent members from the Hudson Institute, the American Enterprise Institute, and executives representing technology and human capital development sectors, according to the statement from BOI.
The high-level meeting brought together senior Sri Lankan government officials and the distinguished US delegation led by Prof. Walter Russell Mead of the Hudson Institute.
Discussions centred on strengthening economic ties, expanding investment opportunities, and Sri Lanka’s strategic role in a rapidly evolving geopolitical landscape.
BOI Chairperson Arjuna Herath said: “We are determined to maintain macroeconomic stability while fostering growth. Our government is firmly market-oriented, working closely with the IMF to ensure fiscal discipline, eliminate corruption, and promote good governance. Sri Lanka’s economic trajectory is strong, forward-looking, and open for business.”
The BOI emphasised Sri Lanka’s strategic advantages for investors: a highly educated and trainable, English-speaking workforce; a strategic location along major East-West shipping routes; and competitive opportunities in high-growth sectors such as logistics, renewable energy, technology, pharmaceuticals, minerals, apparel, tourism, and real estate development.
Officials also outlined several upcoming initiatives, including specialised economic zones for technology, textiles and pharmaceuticals, new digital economy initiatives, and expanded opportunities in port logistics and industrial infrastructure, supported by upcoming regulatory reforms to further foster strategic investments.
When asked about Sri Lanka’s message to US investors, the BOI delivered a clear signal: “We remain open, transparent, and eager to work with US partners. Our focus is on fostering a positive narrative that reflects Sri Lanka’s recovery, resilience, and readiness to welcome investment.”
The US delegation emphasised that these discussions are pivotal in shaping the future landscape of various industries and aligning resources and expertise for mutual growth. By leveraging emerging technologies and global best practices, both sides aim to cultivate a thriving environment for sustainable development and enhance competitiveness in international markets, it said.
In closing, Sri Lankan representatives extended their gratitude to the US delegation: “We extend our deepest thanks to Prof. Mead and the entire delegation for your visit and friendship. Our doors are always open to you. Together, we can build a stronger partnership that supports prosperity for both our nations.”