Sri Lanka

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Sri Lanka business ventures have enjoyed strong economic growth since the end of a 26 year conflict with the LTTE. Driven by large-scale reconstruction and development projects – from both government and private investment – Sri Lanka was finally able to make important steps forward instead of back. In addition to traditional exports – tea, rubber, coffee, sugar and other agricultural commodities – Sri Lanka witnessed the advancement of food processing, textiles, telecommunications, tourism and finance (an important development in its move towards an industrialized economy). War and ensuing reconstruction, nevertheless, has come with a cost. The government now struggles with high debt payments, a bloated civil services and high budget deficits. Austerity measures to deal with these imbalances – particularly in the form of higher taxes – is an evolving issue Sri Lankan businesses must deal with.

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