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    Netherlands optimistic on Sri Lanka's Progress Featured

    July 15, 2014

    Minister of Foreign Trade in Netherlands Simon Smits yesterday expressed optimism about Sri Lanka's economic progress.

    Minister Smit who is on a four day official visit to Sri Lanka was  addressing a press conference at the Kingsbury Hotel on Monday (14).  


    Commending Sri Lanka, Smits said: “When I look at the growth, inflation figures, and the macro economic indicators, as sometimes Sri Lanka does much better than some of our colleagues in the European Union".


    The Dutch Good Growth Fund (DGGF) that commenced on July 1is open for Sri Lanka and other countries falling into the category of emerging and developed countries.  “This  year we have planned to disburse over 125 million Euros to cater to the business requirements of entrepreneurs in emerging and developing countries and total fund would encompass 700 million euros over the next two three years. This fund supports Dutch SMEs and entrepreneurs in emerging markets and developing countries by offering a source of finance of development relating activities. It can also be used by entrepreneurs in Sri Lanka to set up a business or a joint venture,” explained Smits.


    “We are actively looking for new trading partners around the globe. For now we will be focusing on water, agriculture, life sciences and health in Sri Lanka too” said Smits.


    nedarland  Rabobank HanThe delegation accompanying Smits comprises leading Dutch companies Boskalis, Vitens Evidesm, Enraf Nonius, Van Der Knaaop, Eijkelkamp and Rabobank who are the top of the bill when they come to their expert fields of Water management, Agriculture, health, Plantation and Financial sectors in the trade market in Netherlands.


    The Netherlands has already pledged concessionary financial assistance to develop two hospitals in Nuwara Eliya and Hambantota since last years. The Rabobank group of Netherlands had provided a loan for implementation of importing more than 2000 dairy animals to Sri Lanka from Australia. The Rabobank group is an international financial services provider in Netherlands and they focus on retail and wholesale banking, and food & agri internationally.


    Smits and the delegation will hold meetings with senior government ministers and officials from both public and private sectors. ​(SDF/KH)​


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