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Tuesday, 28 August 2012

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UK Chamber welcomes sl ties with African countries

British Sri Lanka Chamber of Commerce UK, has welcomed the move by Sri Lanka to establish diplomatic relations with 15 African Countries.


Jay Perera, chairman British Sri Lanka Chamber Of Commerce UK, Vice Chairman Philip Brown and Dr. Dr Mohan Kaul of the Commonwealth Business Council, organisers of the Commonwealth Economic Forum held at Mansion House.

“With Sri Lanka having diplomatic relations with African countries it would create openings for both the government and private sector to open up business,” said Jay Perera chairman British Sri Lanka Chamber Of Commerce, UK. Speaking to Daily News Business from London he said that Africa is developing rapidly and they have natural resources that many other countries cannot match. Thanks to this move we can now look at the African continent which would bringing in numerous economic benefits to Sri Lanka,” he said.

“This is certainly something we should have done years ago. Due to the increasing trade between Africa and other Asia, Sri Lanka is in a very strong position to offer some of the goods and services needed in this area and also the possibility of inward investments and tourism to Sri Lanka from these developing nations.”

“We strongly suggest that Sri Lanka should consider more African nations as partners with Commonwealth members as a primary point of contact. Our own experience suggests that whilst some Sri Lankan products are in great demand in these areas, establishing credible trade links are the stumbling block for developing trade.“While Sri Lanka is pursuing business in the West and Far East, we have overlooked some of the nations in the developing world.

Many of these states have shown tremendous potential as partners in commerce and trade. Additionally, many of these nations are members of the Commonwealth with whom we share a common historical link.” Perera said that he together with Vice Chairman Philip Brown attended the recently concluded Commonwealth Economic Forum in Mansion House and during the meeting it was revealed, that some of the member states from the African continent are forecasting staggering growth rates.

“Thus, it could be enormously profitable for Sri Lankan businesses to develop trade links with them. Nigeria, Ghana, Serria Leone, Mozambique and Ethiopia are all examples of these potential markets. With ever increasing cross boarder trade among neighboring countries, these countries are becoming major economic forces to recon with.”

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