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Thursday Dec 12, 2024
Wednesday, 13 May 2015 01:15 - - {{hitsCtrl.values.hits}}
The Joint Business Chambers of Sri Lanka in a statement yesterday welcomed and endorsed the timely initiative taken by the Ministry of Finance to engage in a series of discussions with the public institutions and private sector to address the issues concerning the improvement of Sri Lanka’s Ease of Doing Business Ranking, which was now at
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99 amongst 189 countries.
The chambers are encouraged by the continuous efforts of the Government based on suggestions made by the business community of the country during their interactions with the Ministry of Finance. It also welcomed the formation of a high-powered committee consisting of both the public and private sector stakeholders to spearhead this important exercise.
The Ease of Doing Business Ranking is an evaluation done by the World Bank annually, and achieving a higher ranking on this index would enable Sri Lanka to attract FDIs, while facilitating the growth of the economy.
The chambers have in turn had deliberations with the trade associations and other affiliates in identifying the issues that the industry experiences in doing business, and would look at the issues both from an operational and strategic perspective with the intention to engage proactively with the public sector in the envisaged series of meetings.
The first such meeting is expected to be held at the Ministry of Finance on 14 May.
The statement was jointly issued by The Ceylon Chamber of Commerce, the National Chamber of Commerce of Sri Lanka, Federation of Chambers of Commerce and Industry of Sri Lanka, Ceylon National Chamber of Industries, International Chamber of Commerce, National Chamber of Exporters of Sri Lanka, the Chamber of Young Lankan Entrepreneurs and the Joint Apparel Association Forum.
