ILO Officials at the Port City Economic Commission

Wednesday, 2 November 2022 03:07 - - {{hitsCtrl.values.hits}}

Colombo Port City Economic Commission (CPCEC) Chairman and senior officials from the Commission briefed the ILO Country Director Simrin C. Singh and Senior Employment Specialist of ILO Headquarters, Sher Verick on the proposed regulations and progress in Port City Colombo.

The discussion was held to foster a deeper understanding of the situation regarding Port City Colombo that would in turn facilitate understanding on the project. As the Asia Region continues to attract increased global capital inflows, expand its markets, simulate a growing high-income class, and sustain the higher growth momentum, Port City Colombo offers beyond a geographical advantage, with fiscal and non-fiscal incentives for ease of doing business.

Port City Colombo endeavours to offer a ‘One-Stop-Shop’ Service Centre, with far-reaching tax and regulatory incentives, free trade facility, forex and banking ring-fencing, an open labour market and a very attractive living environment focused on green and smart living