Private sector fears

2 September 2011 02:00 pm - 21 - {{hitsCtrl.values.hits}}

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The private sector fears that the exchange between the government and the international community will lead to grave consequences for industry in the country. This panic is expressed in the ‘Sri Lanka Private Sector Assessment of the Panel of Experts Advisory Report to the UN Secretary General’.

“The Sri Lankan Private Sector has observed with deep concern the exchanged between the GOSL and the international community on the issue of accountability without a resolution,” the report says.

The independent assessment goes on to detail the impact of the government’s interaction with the international community on small businessman. “Deprivation of the GSP Plus taxes by the EU is felt at the level of the small holder apparel manufacturers/exporters and the contemplated US economic sanctions, if implemented will affect the population,” the report details.

The report also claims that the retributive nature of the UN Panel’s report will only rehash the past. “Demonising the GOSL will only fester old wounds,” it says. The report admits however that the Lessons Learnt and Reconciliation Commission’s interim note is “far from perfect”.

The assessment provides a prescription in its concluding lines. “The most appropriate mechanism for the crafting of this process is a pubic-private partnership with both civil society and media as part of the stakeholder participation,” the report reads.

The assessment compiled by four private sector Chambers and Associations, collectively representing a significant majority of the Lankan business community, present their qualms of the consequences to the economy of Sri Lanka if proper engagement is not maintained with the international community. The report is endorsed by the Ceylon Chamber of Commerce, the Federation of the Chambers of Commerce and Industry of Sri Lanka, the National Chamber of Commerce of Sri Lanka and the Joint Apparel Association Forum. (Dianne Silva)

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Comments - 21

Malintha Saturday, 03 September 2011 05:10 AM

This government only knows to borrow from China and build roads with marging to pocket.

Leslie Saturday, 03 September 2011 06:59 AM

Not to worry. We have China to help us out!

james de Silva Saturday, 03 September 2011 07:59 AM

This is pure crap, as all these 'chambers' are self-serving institutions, which have failed miserably in serving its members let alone the 'significant majority of the Sri Lankan business community' it claims it represents. I haven't seen these Chambers writing to the President in urging him to engage with the international community in a manner that will resolve international concerns leading to re-implementation of GSP plus and other benefits helping the local businesses. Stop this tom foolery and act more professionally if you want the international community to take you seriously, else you sound like an echo of the govt propaganda unit.

Johann Gunasekara Saturday, 03 September 2011 09:26 AM

The private sector can afford the latest luxury vehicles, dine at five start hotels, educate their kids oveseas and holiday overseas, it can't be that bad surely? However you'll find that most private sector business either break-even or never pay any taxes - suck it up guys and stand up for your country

Ajith Monday, 05 September 2011 08:06 AM

around 50% didn't vote...meaning close to majority hates the elections, and don't trust anyone...and don't know what to do...that is our plight...

Karusan Saturday, 03 September 2011 10:11 AM

Oh really.....? Heh he he.................

Nagaragiri Kiththil Saturday, 03 September 2011 10:11 AM

As long as we have Cheena Patas ,Don't have to worry.

Bertram Shedden Saturday, 03 September 2011 11:13 AM

To: Leslie

Yes China will help themselves by making money with high interest of 6.8%. They give loans but not grants. Grant were given by he western countries in the past. If we go with China,Russia and country like I ran surely we all will end in the hell. The present generation should ask their grand parents about the truth.

RAJU Saturday, 03 September 2011 11:32 AM

THE TIME HAS COME TO PAY THE PRICE. CANT HELP ,POOR SRILANKANS.

Lanke Banda Saturday, 03 September 2011 11:52 AM

So people what you want is the GOSL to give in to terrorism and ruled by a terrorist for the sake of Business .

Deepani Saturday, 03 September 2011 02:24 PM

If we voted to Mervin, Paba,basil Mahindananda & actors . We have to face the consequences.

senna Saturday, 03 September 2011 02:35 PM

They of course China helped us. Otherwise as the West wanted the war may still ongoing like a chronic disease. Unfortunately it seems the corruption is going to undermine he sacrifices of the heroes

faqi Saturday, 03 September 2011 07:51 PM

Agree with the commets of james de Silva & Johann Gunasekara totally. Friends & well wishers of Sri Lanka have done their best to engage the so called International community. Why dont the privileged private business community too get involved in 'fighting ' the false propaganda decimated by the LTTE diaspora in the West without pointing fingers at the GOSL. At least now they are free to do business in any part of the Island.

a lawyer Sunday, 04 September 2011 03:43 AM

those people were elected by the people at elections, using their equal franchise, just because you don't agree with a particular way of doing things doesn't mean that it lacks legitimacy or the support of the people who voted in those in power.

faqi Friday, 02 September 2011 05:43 PM

"You can please all the people some of the time, and some of the people all the time, but you cannot please all the people all the time."

Imran Hussein Sunday, 04 September 2011 05:46 AM

China helped us, China helped us & China helped us.
For heavens sake stop singing this jargon.
China doesnt help us for nothing. Thery are giving us loans. Banks give you loan because they love you? This regime cannot think wide or wise. China is the limit.
Or is it because language barrier that they dont deal with the west? with china of course any English, Singlish, Taminglish or Chinglish will do.

Guru Friday, 02 September 2011 09:14 PM

When a country is run by people who are not worried about the welfare of it's citizens, this is the results.

Nagaragiri Kiththil Sunday, 04 September 2011 06:44 AM

Another load of legal Mumbo ,Jumbo." Lets kill all the Lawyers " _ Shakespere.

Nagaragiri Kiththil Sunday, 04 September 2011 06:55 AM

No freedom no human rights, no trade unions,no media freedom and enough slave labour Can be the No. one economy in the world.

Nagaragiri Kiththil Sunday, 04 September 2011 06:54 AM

James are you awake, Drink a cup of coffee. Chambers must say YES SIR ,NO SIR three bags full and get all the perks from the govt.

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Private sector fears

Comments - 21

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