US Envoy Stresses On Anti-Corruption, Transparency as US Firm Relocates from China to Sri Lanka

COLOMBO (News 1st); The U.S. Ambassador to Sri Lanka, Julie Chung, has underscored the increasing interest of U.S. businesses in investing in Sri Lanka, as evidenced by a US firm's decision to relocate its manufacturing operations from China to Sri Lanka. 

This move signifies a growing trend of U.S. investment in the island nation, which is already the largest export market for Sri Lankan goods.

The US-based AmSafe Bridport, a subsidiary of Transdigm Company, boosted its investment in Sri Lanka’s Wathupitiwala Export Processing Zone yesterday (31st) with the a decision to relocate its “Shield” manufacturing plants from China to Sri Lanka.

This expansion creates direct employment opportunities for 500 Sri Lankans.

"Shield's decision to establish manufacturing here in Sri Lanka is a testament to the growing interest of U.S. investment here," the Ambassador stated. She also emphasized the importance of bilateral trade and investment, highlighting the potential for more U.S. companies to follow Shield's lead.

Chung pointed out that the diversification of supply chains, driven by customer demand, presents a significant opportunity for Sri Lanka. 

She urged the new government to continue strengthening the investment climate, implementing anti-corruption measures, and enhancing transparency to attract more foreign investment. "If you build it, they will come," she remarked, expressing confidence that such efforts would lead to more jobs, prosperity, and innovation in Sri Lanka.

The Ambassador also highlighted the strong partnership between Sri Lanka and the United States, built on shared goals and mutual respect. From boosting agricultural productivity to enhancing maritime security, the collaboration aims to improve lives, foster economic growth, and ensure regional stability.

Chung concluded by expressing her optimism about the positive impact of Shield's new manufacturing facility on the local economy, anticipating job creation and increased innovation. 

She reaffirmed the U.S. commitment to supporting Sri Lanka's economic development and building stronger, inclusive communities.