Source: Swedish Export Council
Exports & Imports
Sri Lanka's main exports products are Rubber and Rubber products, Tea, Ceramic items, Garments, electrical machinery and parts were the other major export items. The exports from Sri Lanka to Sweden record an upward trend in recent past.
Sri Lanka's main import goods from Sweden are Telecommunication apparatus, Resins, Plastic Materials, Paper and Paper products are the other main Sri Lankan imports.
Investment
Swedish Foreign direct Investment (FDI) to Sri Lanka recorded considerable growth in the recent past. It shows that the Swedish investment in Sri Lanka in 2005 increased by 52.7% compared to 2004.
Swedish investments in Sri Lanka are mainly focus on Information Technology, Telecommunication, Garment and Rubber sector. Swedish major companies such as Trelleborg AB, IFS, Ericsson AB and Oriflame have operations in Sri Lanka
Swedish investment to Sri Lanka
Estimated investment and employment Application
submitted from 1978 - 2005
(Swedish Kronar (Sek) / Mn. )
Year |
Investment Rs. Mn.* |
No. of Projects |
No. of Employment |
| 2002 |
418.56 |
4 |
437 |
| 2003 |
440.50 |
5 |
466 |
| 2004 |
1003.1 |
10 |
312 |
| 2005 |
1532.3 |
8 |
771 |
| 1978-2005 |
15,937 |
58 |
5,800 |
*Including the share of the Sri Lankan companies
● Development Cooperation
The Swedish development cooperation activities carried out by the Swedish International development Agency (SIDA). The development co-operation in Sri Lanka was started in 1958 and the Swedish support was directed towards Sri Lanka's family planning activities, hydroelectric power, education and rural development. A development co-operation office was opened in 1976 and Swedish assistance was extended to research co-operation hydro power development, education and integrated rural development. At present the development co-operation supports activities in peace, democracy and economic growth.
| Development Cooperation Assistance to Sri Lanka |
 |
● Highlevel Visits
High-level Visits by Sri Lanka
Prime Minister Hon. R. Premadasa - in July 1979.
Minister of Posts and Telecommunications- Hon. Mangala Samaraweera in October 1995
Minister of Cultural and Religious Affairs- Hon. Lakshman Jayakody in August 1996
Minister of Industrial Development - Hon. C.V. Goonaratne 1997
Minister of Constitutional Affairs & Industrial Development -Hon G.L Peiris 1999
Minister of Irrigation & Economic Reforms, Hon. Gamini Jayawickrama Perera- 1999
Minister of Labour Mahinda Samarasinghe - 2003
Minister of Science and Technology Milinda Moragoda-2003
Speaker Joseph Micheal Perera-2003
Minister of Telecommunication and Udarata Development - 2005
Leader of Opposition- Hon. Ranil Wickremesinghe- 2006
High level Visits By Sweden
Minister for Development Cooperation- Hon. Carin Jamtin -2005
● Bilateral Agreement
Sri Lanka signed Investment Protection Agreements with Sweden in April 1982.
Sri Lanka signed an Agreement for the Avoidance of Double Taxation with Sweden in February 1983.
Agreement on Development Co-operation between the two countries was signed on 7th April 2003 for a period of 3 years and Sweden has agreed to provide a sum of SEK 270 Mn
