Foreign Minister explains Government’s 3-Pillar strategy at COYLE meeting

(L to R) Senior Vice Chairman Kushan Kodituwakku, Chairman Kasun Rajapaksa, Minister of Foreign Affairs Mangala Samaraweera  and Vice Chairman Dinuk Hettiarachchi.

In his opening statement at the General Meeting held at Hilton Colombo Residencies, Chairman of the Chamber of Young Lankan Entrepreneurs (COYLE) Kasun Rajapaksa applauded the Foreign Minister on his contribution in improving relationships with the West while inquiring about the impact of Brexit on the Sri Lankan economy and particularly the business sector. COYLE met with Foreign Affairs Minister Mangala Samaraweera to discuss issues relating to developing a comprehensive framework for rehabilitation and development of the country’s business infrastructure. The theme of the Minister’s address was the “Geneva resolution process & contours of a new Sri Lanka”.

 The Minister elaborating on the country’s history since independence, emphasised the landmark importance of the two main parties (SLFP & UNP) coming together for the common good of the country. He explained the Government’s three pillared structure of Democratisation, Reconciliation and Development that would re-enforce nation building. While the country is undergoing unprecedented change, the potential of the proposed reforms in all three areas is tremendous. With the influx of foreign delegates visiting the country, windows of opportunity are being opened for Sri Lanka to re-enter the world arena. With the country celebrating its 70th anniversary of Independence in 2018, the Minister stated that several business platforms in the form of overseas exhibitions and business forums are being planned and COYLE’s participation in this endeavor would be of immense value.  He also assured the members of a more active participation of foreign embassies in facilitating business opportunities in those countries. COYLE Chairman  Kasun Rajapaksa assured the Minister of the Chamber’s continued commitment to support the growth and development of Sri Lanka’s economy and with right policies and incentives, that these opportunities can be harnessed effectively with the Minister’s support in allowing local companies and businesses to operate in the international market.  Senior Vice Chairman of COYLE Kushan Kodituwakku raised the challenges faced in investing in foreign companies overseas which need to be addressed. Furthermore, questions on delays in visa processing to certain countries was also raised with the  Minister in addition to the status of GSP+. 

COYLE Chairman Kasun Rajapaksa further stated, “While the reform agenda is daunting, COYLE is committed to supporting and working with the Sri Lankan Government to develop these essential sectors of the economy. We will continue to advocate for the full normalisation of relations between Sri Lanka and the West with the lifting of sanctions which adds greatly to the difficulties and challenges that our local companies face in the market.”