The recent incidents in Parliament has been debilitating and shameful and has implications for most of the future order books of FTZ companies as well as the potential of losing GSP+ for exports to the EU, a trade body said in Thursday.
“Since the crisis started on October 26, we have had many concerned inquiries from our customers and other stakeholders both local and international regarding the present political situation in the country. The image portrayed especially in the west has been extremely negative both in the print as well as digital media,” said the Free Trade Zone Manufacturers’ Association (FTZMA) Executive Committee in a statement on the ongoing constitutional crisis and political instability.
The statement said:
“While it important to preserve the sovereignty of our country, we must also accept the fact that we are operating on a global platform which is highly interconnected and transparent to our end customers and consumers. Upholding the Constitution, law and order, consistent policy making, and political and economic stability are key to growing our businesses and attracting further FDI (Foreign Direct Investment). We are extremely disturbed and disappointed with the behaviour of all political parties concerned in not reaching a consensus to this political flux. It is important and urgent that all political leaders at loggerhead put the country first rather than their personal agendas.
Sri Lanka will become uncompetitive and undesirable in the eyes of present and future investors which ultimately affect all constituents of this beautiful and resourceful nation. We therefore urge all in authority to put an end to this political anticlimax and work with and support the private sector to further develop our country.”
The association represents manufacturing associations at representing Katunayake, the largest free trade zone in the country. The zone employs roughly 45,000 workers and has over 52+ organizations which operate over 80 plants within the zone. - ENDS-
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
Leave Comments