Project Management, Youth Affairs and Southern Development Minister Sagala Ratnayaka, addressing the 3rd Indian Ocean Conference in Vietnam this morning (28), called for 'Oceanic Good Governance' in the region and said Sri Lanka was engaging in initiatives with regional players who have major economic stakes in the Indian Ocean.
"Sri Lanka is also pushing to further integrate with the world by undertaking reforms to facilitate trade and encourage productive foreign investments," the Minister said in his speech.
"Sri Lanka has a clear vision of what the country wants to be in the world today. It is repositioning itself to optimize its relationship with its neighbours and other partners, to leverage its geostrategic position and make it a hub of the Indian Ocean," he also added.
Explaining Sri Lanka's position on the matter, the Minister said, "Sri Lanka's strategy is to leverage investments to boost its industries such as tourism, expand its manufacturing base, and safeguard its main exports: such as garments and tea. Accordingly, the Indian Ocean region plays a critical role in driving the global economy, and it will play an even more important role in the future.
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