New BOI incentives:
Call for 'wait-and-see' approach
German Ambassador Dr. Juergen Morhard said that there were
opportunities for business in Sri Lanka and that he was cautiously
optimistic about new incentives being introduced by the Board of
He was speaking at the yearly East Asian Business Conference
organised by the German Asia-Pacific Business Association (OAV) in
He called for a 'wait-and-see' approach, while reiterating that the
Sri Lankan economy is growing and has a great potential.
He invited German businesses to come and see for themselves as soon
The event was aimed at promoting closer ties between businesses in
the two regions and presented a networking opportunity that attracted
hundreds of high-level decision-makers.
The OAV focuses on the promotion of bilateral economic relationships
between Germany and the Asia-Pacific region. The OAV facilitates
business interests of German companies through its corporate and
Besides its strong corporate network, the OAV cultivates close
contacts with relevant institutions in Germany and the Asia-Pacific,
such as the German Chambers of Commerce network and embassies abroad.