Proposing German-Sri Lanka SME MoU!

MoU between governments of Sri Lanka and German Association for Small and Medium scale enterprises

The government has identified the SME sector as an important aspect to be developed due to its contribution in economic development of the country, employment generation and reducing the poverty.

The government’s policy is to facilitate them in entering the export market. Therefore, an MoU has been prepared to be signed between entrepreneurs of the two countries of the SME sector. The proposal made by Industry and Commerce Minister Rishad Bathiudeen, to sign the Memorandum of Understanding between the governments of Sri Lanka and the German Association for Small and Medium scale enterprises of the Federal Republic of Germany for the Cooperation in the field of SME sector development during the forthcoming German visit of the President, was approved by the Cabinet of Ministers.