Adedotun Olaoluwa's Dotmount Communications signs $350K Lobbying and PR contract with Sri Lanka

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Adedotun Olaoluwa's Dotmount Communications signs $350K Lobbying and PR contract with Sri Lanka

PR Newswire

  • Another foreign nation has signed a lobbying deal with Dotmount Communications.

WASHINGTON, June 10, 2022 /PRNewswire/ -- The firm this week closed a one-year, $350,000 deal with the Democratic Socialist Republic of Sri Lanka, to handle its lobbying efforts in the nation's capital. According to the contract, Dotmount Communications will pitch the South Asian nation as "an international leader on climate change, with equitable compensation for its carbon credits, and allow it to position itself more effectively on the path of the protection of forest resources and national socio-economic development."

 The firm will help the country enhance its relationship with the United States and further its economic growth.

Firm founder Adedotun Olaoluwa will lead the effort. The contract signing comes after a recent visit to Sri Lanka by Victoria Nuland, the United States Under Secretary of State for Political Affairs. The March trip saw Victoria discussed with the Sri Lankan President Gotabaya Rajapaksa on the nation's anti-corruption, conservation and vaccination initiatives and the challenges posed by the global pandemic and ways to strengthen the U.S.-Sri Lankan partnership.

Dotmount Communications's deal with Sri Lanka comes two weeks after it signed a $4 million acquisitions of the Times of Jerusalem.

Bilateral Economic Relations

The United States is Sri Lanka's largest export market and accounts for nearly $3 billion of the $11.7 billion of goods Sri Lanka exports annually. U.S. goods imports from Sri Lanka totaled $2.7 billion in 2018, down 6.4 percent from 2017. U.S. exports to Sri Lanka in 2018 were valued at $372 million, up 10.7 percent from the previous year. The total U.S. trade deficit in goods with Sri Lanka was $2.3 billion in 2018, an 8.6 percent decrease from 2017. U.S. imports from Sri Lanka are mostly apparel, but also include rubber, industrial supplies, gemstones, tea, and spices. Top U.S. exports to Sri Lanka include animal feeds, medical equipment, soybeans, plastics, dairy products, wheat, cloth, and textiles.

Sri Lanka has also received approximately $1.2 billion in lending from the IMF since June 2016 with a new disbursement of $164.1 million agreed upon in May 2019. 

U.S. Assistance to Sri Lanka

U.S.-Sri Lanka relations are based on shared democratic values and a rules-based regional and international order. Current U.S policy in Sri Lanka aims to support Sri Lanka's democratic institutions, encourage its economic development, counter terrorism, and promote a free, open, and prosperous Indo-Pacific region. Both governments intend to promote further economic cooperation and exchanges in maritime security and safety, and agree to pursue joint initiatives to enhance security, stability, transparency, and economic opportunity for mutual benefit.

Sri Lanka billionaire Dhammika Perera reportedly covered the cost of the contract, as the country is one of the poorest nations in South Asia.

Dotmount Communications has been one of the largest lobbying and communication firms in the world for years and has quickly become one of the largest in news content distributions in the world with access to over 8,000 media platforms, in 40+ languages since it expanded its operation after the election of former President Donald Trump.

In early 2019, the firm opened a public relations branch in Washington to provide media relations and public affairs counsel in addition to lobbying services.

It has expanded its footprint in recent years, most recently by acquiring 7.5% shares in Gannett Corporation, a firm with over 100 newspapers and 43 tv stations across the United States. It has also established itself as one of the foremost bipartisan firms operating in the nation's capital by hiring on experienced Democratic operatives.

About the Founder:

Adedotun Olaoluwa, Founder and President of Dotmount Communications Group leads a team in Washington that gives strategic advice to coalitions, companies, and governments about handling the media and issue campaigns. An award-winning communicator, Olaoluwa regularly contributes to AP, American City, Business Journal and was one of the 100 business owners under 40 invited to a one-day US Chamber of Commerce, US Congress, and White House symposium in 2015. He founded Dotmount Communications Group in 2011, Olaoluwa and his team have advised trade associations, multinational corporations, coalitions, and foreign governments. He has helped conduct proxy battles, run issue campaigns, design digital communications, manage coalitions, introduce new trade association CEOs and protect clients' reputations during crises. On behalf of a wide range of clients, he has worked with international, national, and regional media outlets.

CONTACT

601 13th street NW Washington, DC 20005. USA
Tel: +1 332-244-9027
Tel: +44 7800 70132
[email protected]
www.dtcoms.com

Cision View original content:https://www.prnewswire.com/news-releases/adedotun-olaoluwas-dotmount-communications-signs-350k-lobbying-and-pr-contract-with-sri-lanka-301565903.html

SOURCE Dotmount Communications

Copyright CNW Group 2022

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).