Switzerland says it is working towards upgrading the ‘Avoidance of Double Taxation Agreement’ and the ‘Bilateral Investment Treaty’, which it has signed with Sri Lanka.

This was revealed by Ms. Livia Leu, Ambassador Delegate of the Federal Council for Trade Agreements of Switzerland, when she visited the Ceylon Chamber of Commerce, during this week.

Speaking with Mangala P. B. Yapa, CEO / Secretary General of the Chamber, Leu also said that the Sri Lankan exporters need to take maximum use of the Swizz GSP facility given to the country.

She said, currently the GSP facility is underutilized by the Lankan exporters.

Speaking here, CEO of the Chamber, emphasized the importance of building two way trade and investments. He also invited the European Union country to bring in investors to Sri Lanka and take advantage of nearby markets such as India.

The Swiss delegation, which also comprised the New Delhi based Swiss envoy to Sri Lanka and Maldives, Heinz Walker Nedekoorn and a business chamber representatives of Switzerland, also stressed on the importance of having a fully fledged ‘One Stop Shop’ in Sri Lanka, in order to facilitate foreign investors.