Sri Lanka’s Prime Minister described plans to open up the economy to the private sector and lower taxes to raise the island’s export income and set a target of US $50 billion for the island, reports Colombo page.
Delivering a keynote address at the Sri Lanka Economic Summit, Ranil Wickremesinghe stressed the importance of achieving economic development by increasing export incomes.
Outlining his export plans for after elections, Mr Wickremesinghe said,
“After elections we will reach out to USA, India, China, Singapore etc for economic agreements. The government will bring in new legislation to create level field for all private sector participants in the national economy. A lower tax regime will be implemented across a broader tax-net. De politicisation of revenue services will eliminate corruption in the service and facilitate efficient collection of revenue.”