<p>In 2011, the Ministry of Finance and Planning of The Democratic Socialist Republic of Sri Lanka and the Ministry of Strategy and Finance (MOSF) of the Republic of Korea have agreed to provide technical assistance in the definition of promoting export and Foreign Direct Investment (FDI) and enhancing the competitiveness of SMEs sector in Sri Lanka.</p>
<p>Based on the discussion at the agenda setting meeting of 2011 KSP held in Colombo as well as the submitted written Demand Survey Form via the Embassy of Korea in Colombo, Sri Lanka, the topic of 2011 KSP with Sri Lanka was decided as Export promotion, FDI policy, Policy on SMEs and Vocational training.</p>
<p>The Sri Lankan economy had been subject to adverse and unfavorable environment including: the civil war, the tsunami and global economic crisis. The end of the civil war and political stabilization under the current administration, however, started to provide growing optimism on Sri Lanka's economic prospects. Such optimism is largely reflected in "Mahinda Chintana: Vision for the Future," which is the backbone of the medium term policy framework (2010~2016) for national development. One of the key policy objectives of the Mahinda Chintana vision is to transform Sri Lankan industrial sector into high value added, knowledge based, globally competitive and diversified one by 2020, and a special emphasis has been placed on product diversification through outward looking growth strategy.</p>