Skip to content
As enacted
Contents

Part II

14. Duties and Functions of the Economic Commission

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

The duties and functions of the Economic

Commission shall be-

(a)

to design, recommend and implement national policies regarding investments, and the stimulation of international trade to achieve national economic milestones;

(b)

to formulate schemes and measures to ensure that existing investors are encouraged to retain, reinvest and expand their investments in Sri Lanka;

(c)

to take necessary measures to facilitate investments by streamlining, digitizing and creating a transparent regulatory and operational environment including a process for the registration and approval of investments;

(d)

to take necessary measures to ensure that trade negotiations will be directly aligned with Sri

Lanka’s strategic export and investment objects and reap the expected benefits of the trade-investment nexus;

(e)

to propose strategic policy actions that may be required to attract and stimulate transformational investments to the Minister;

(f)

to recommend the creation of Investment Zones;

(g)

to undertake periodic performance reviews of investments as well as the flow of investments into

Investment Zones;

(h)

to conduct research on the performance and prospects of trade and investment to assist in the formulation of government policies;

(i)

to coordinate between government entities to meet the objects of the Economic Commission; and

(j)

to do all such other acts as may be necessary or conducive to the attainment of any or all of the objects of the Economic Commission.