Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Largest Sri Lankan business delegation participates in Commonwealth Business Forum in London
Sat, Apr 21, 2018, 09:27 am SL Time, ColomboPage News Desk, Sri Lanka.

Apr 21, London: A record number of Sri Lankan small and medium scale business delegates participated at the Commonwealth Business Forum that was held from 16-18 April in London alongside with the 2018 Commonwealth Heads of Governments Meeting (CHOGM 2018).

Minister of Industry and Commerce Rishad Bathiudeen led the Sri Lankan delegation and was a panelist at the SME Trade Forum.

Organized by the Commonwealth Enterprise and Investment Council, the Business Forum was held in three iconic venues namely Guildhall, Mansion House and Queen Elizabeth II, Westminster.

The Department of Commerce with the Export Development Board, Ministry of Foreign Affairs and the Sri Lanka High Commission in London ensured the participation of more than 40 SMEs representing IT/BPO, Electronics, Apparel, handicraft, coconut, tourism ,Gem and Jewellery ,Maritime and Boat Building medical logistics and consultancy sectors which have been given a focus by the New Export Strategy.

Sri Lanka's participation enabled active engagement at numerous Trade Forums, sharing ideas on revitalization of the Commonwealth in reaping its Trade and Economic advantage.

The three day sessions explored how commonwealth can be a platform to increase inclusive Trade, support SME business, deliver new jobs, and give young people access to technology and skills. Sri Lankan delegates contributed actively at various roundtables that brought together Public Private and civil society leaders to find new and innovative solution to shared challenges. This enabled a fruitful dialogue on a range of topics on how best to increase flows of infrastructure investment across commonwealth, how to mitigate against cyber security risk, how technology can address issues of financial inclusion ,the value of trust in businesses, SME Development, Maritime Fashion and Technology etc.

The Commonwealth Heads of States adopted the Trade Connectivity Agenda to serve its 2.4 billion people of which 60% of are less than 30 years of age. Day one of the forum focused on rapidly changing dynamics of global trade and technology. On Day 2 all four forums came together at Queen Elizabeth II center to look at global issues from shared perspective and also discussed on finical services and infrastructure development. On the final day the forum focused on Sustainable development goals and the continued need to improve the sustainable business environment.

Addressing the Forum Minister Bathiudeen said the SMEs have the potential to make a significant contribution, but its interests are overlooked at times. "Therefore, Commonwealth can be useful in addressing these challenges faced by SMEs by building the required connectivity among the members."

"More interactions among the business community, sharing of best practices and information will certainly assist to facilitate trade and overcome other non-tariff barriers," he said.

Being the largest business delegation to the CBF Sri Lanka participants played a significant role in sharing knowledge and networked promoting intra commonwealth trade and Investment between Sri Lanka and other member states thus providing a positive contribution to the Commonwealth Themes 2018: "Towards a Common Future".

The CBF gave the member countries a unique opportunity to build on the already existing intra commonwealth trade which is 19% cheaper than the global average.

Director General of Commerce Sonali Wijerathna, Chairperson EDB Indira Malwatta, Deputy Director of Commerce Alexi Gunasekara and Commercial Counselor in London Senuja Samaraweera were among the officials of the Sri Lankan delegation.

 

ColomboPage - Recent 10 Stories ::
Sri Lankan entrepreneurs clinch top Asian award
-- [1 hour and 44 minutes ago]
CID arrests the Navy officer 'Navy Sampath' suspected in abduction of 11 youths
-- [2 hours ago]
Navy brings ill fisherman ashore for immediate treatment
-- [2 hours ago]
Ministry of Health to recruit 1300 Family Health Officers
-- [2 hours ago]
Sri Lanka Central Bank to issue 'Panda' and 'Samurai' bonds this year
-- [3 hours ago]
Justice Minister not taking hasty measures to resolve women prisoners' protest
Finance Ministry stresses that the normal petrol and diesel prices do not increase under the revision of the price
Piramal Glass Ceylon Revenue increases by 17.5% in Q1- F19
Queen recognizes Sri Lankan volunteer Prashan De Visser with a Commonwealth Points of Light award
India's envoy highlights strengthened bilateral development partnership with Sri Lanka

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.