Radio Taiwan International
Date: 2017-06-03

Taiwan’s external trade council, TAITRA, has signed a Memorandum of Understanding (MOU) with a group representing Sri Lanka’s IT industry.

TAITRA hopes its MOU with the Federation of Information Technology Industry of Sri Lanka will expand trade and investment between Sri Lanka and Taiwan.

According to TAITRA, Sri Lanka’s outlook for economic development is good, with a potential per capita income growth rate of 5.5%. TAITRA also says that the IT industry is predicted to account for 40% of the country’s GDP within the next five years.    [SOURCE]