Archive · 26 May 2025
Sri Lanka and New Zealand Discuss Deepening Trade and Investment
Sri Lanka, an island nation facing economic struggles, is working with New Zealand to boost their trade and investment.
New Zealand's top minister, Winston Peters, visited Sri Lanka to talk about how to improve things like trade, tourism, and agriculture.
They want to make it easier for businesses to work together and increase Sri Lanka's access to markets.
New Zealand is a big supplier of dairy products to Sri Lanka.
The discussion also included reducing border red tape.
Sri Lanka is currently dealing with a large debt.
The goal is to strengthen the economy and help Sri Lanka's recovery.
New Zealand's Deputy Prime Minister Winston Peters met with Sri Lanka's Foreign Affairs Minister Vijitha Herath.
Discussions focused on deepening ties in trade, investment, agriculture, education, and tourism.
Sri Lanka is working to expand and modernize its domestic dairy industry.
New Zealand exported $335 million in goods to Sri Lanka in 2024, primarily dairy products.
Sri Lanka is seeking debt service relief.
- Who
- New Zealand's Deputy Prime Minister Winston Peters and Sri Lanka's Foreign Affairs Minister Vijitha Herath.
- What
- Discussions to deepen trade and investment ties, focusing on sectors like dairy and tourism.
- When
- Monday (meeting began).
- Where
- Colombo, Sri Lanka.
- Why
- To advance ties in trade, investment, agriculture, education, and tourism, and to help Sri Lanka recover from its economic crisis.
- Meeting Date
- Monday
- Meeting Location
- Colombo, Sri Lanka
- Key Figures
- Vijitha Herath and Winston Peters
- Peters' Visit Duration
- Five-day visit
- Sri Lanka's Debt
- Sri Lanka declared bankruptcy in April 2022 with over $83 billion in debt
- IMF Bailout Package
- $2.9 billion
- NZ Exports to Sri Lanka (2024)
- $335 million