The Czech Republic is exploring avenues of investments in Sri Lanka’s water and environment management, energy, petroleum, as well as transport and tourism infrastructure projects.
Czech investments in these sectors will be backed by the Czech Export Bank and the Czech Export Insurance Guarantee Agency. Sri Lanka recently renewed economic, trade and political contacts between the two countries, with the signing of the Investment Protection and Promotion Agreement during Foreign Minister G.L. Pieris’ visit to Prague.
In a major outcome of these initiatives, a 31-member top level Czech business delegation consisting of Czech companies of water industry and environmental technologies led by Minister of Environment Tomáš Chalupa will visit the island on April 16-18 to establish contacts with their Sri Lankan counterparts to improve bilateral trade and investment, Czech diplomatic sources told the Business Times. Deputy Minister of Environment Ivo Hlavác is also in the delegation during their tour of Sri Lanka. The delegation will attend a business and investor forum in Colombo on April 18.
Representatives of the Czech Export Bank, Czech Investment and Business Development Agency, Czech Environmental Partnership Foundation, Czech Flood Protection Association, Institute of Public Health Ostrava, and the Vítkovice machinery group, will be among the members of the delegation. Czech Export Bank is a specialized banking institution and one of its major aids is to encourage and support Czech exports through the provision and financing of export credits and other related services.
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