📈 Canada Day Dialogue: Sri Lanka Targets $2.4 Bn Trade & Tourism Push

The Canadian Chamber of Commerce in Sri Lanka held the "Canada Day Dialogue" to explore new pathways under Canada's CAD 500 Bn Indo-Pacific Strategy. • Trade & Investment Targets: - Sri Lanka aims to capture 2% of Canada's global trade, targeting ~US$ 2.4 Bn in two-way trade. - Canadian FDI currently stands at ~US$ 20 Mn, with realistic potential to scale up to ~US$ 400 Mn. - Priority sectors identified for foreign capital and tech transfer include manufacturing, ICT & cybersecurity, and renewable energy (wind and solar potential). • Tourism Expansion: - Aiming to scale Canadian tourist arrivals from ~40,000 to 100,000–120,000 annually within 12 to 18 months. - Shift toward high-yield experience & luxury tourism (targeting US$ 1,000/day travelers) and authentic community-based offerings. • Global Value Chains & Diaspora: - Focus on direct-to-consumer models in North America for local artisan handicrafts & lifestyle products. - Strategic push to leverage the global diaspora for capital and technology, backed by administrative ease via the e-BOI framework.