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- Following areas have been identified as targeted sectors to attract investment from Russia
— Iron & steel products
— Copper & Nickel products
— Aluminum products
— Machinery & Mechanical Appliances
— Electric & electrical products
— Food and Vegetable processing
— Leather products
— Plastic products
— Footwear
For the investor who will be investing in Sri Lanka receive the advantage of catering Chinese, Korean, India, Pakistan and other South Asian markets etc. by utilizing the applicable tariff concessions granted under Preferential/Free Trade Agreements such as ISFTA (Indo-Sri Lanka Free Trade Agreement), PSFTA (Pakistan-Sri Lanka Free Trade Agreement), APTA (Asia Pacific Trade Agreement), SAARC FREE Trade Area (SAFTA) etc.
Moreover, Russian companies could participate with the large scale infrastructure development projects in the areas of Northern and East provinces as well as other provinces of Sri Lanka.
- Following areas have been identified as targeted sectors to attract investment from Russia
Tourism
- During the past three years, total tourist arrivals from Russia to Sri Lanka recorded an increasing trend. In 2109 Russia marked the 7th important market place for Sri Lanka Tourism by increasing 34% tourist arrivals from the Russian Federation to Sri Lanka.
- The majority of Russian tourists visited Sri Lanka on vacation.
Table "Tourists arrivals to Sri Lanka"
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Source: Sri Lanka Tourist Development AuthorityYear
Number of visitors
Percentage share of total tourist arrivals to Sri Lanka
2002
2,943
0.7%
2003
3,683
0.7%
2004
4,985
0.8%
2005
3,704
0.7%
2006
7,985
1.4%
2007
13,621
2.7%
2008
15,797
3.6%
2009
11,834
2.6%
2010
13,278
2.03%
2011
21,385
2.5%
2012
28,402
2.8%
2013
51,235
4.02%
2014
69,718
4.56%
2015
61,846
3.43
2016 58,176 2.84% 2017 59,191 1.7% 2018 64,497 8.9% 2019 86,549 34.2%
