Sunday Observer Online

Home

News Bar

News: Attempts to block aid, loans will not succeed ...           Finanacial News: Tourism Development Authority, a shot in the arm for industry ...          Sports: Two new records at School Games ...

DateLine Sunday, 30 September 2007

Untitled-1

observer
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

FTA tends to limit innovation - Pakistan's HC

Loadstar wins gold at NCE ceremony

The High Commissioner for Pakistan in Sri Lanka Shahzad A. Chaudhry said that he sometimes feels that the FTA tends to limit our innovation. Expressing his views on the Free Trade Agreement (FTA) between Sri Lanka and Pakistan, he said it provides for a sustainable but modest trade in commodities, which are greatly independent on establishing consumer patterns. To really grow beyond these traditional commodities we need to look beyond the FTA.

We need to expand the FTA to include services and investments. We must include some SME related products and Engineering goods in our trade to give a real buoyancy to our trade relations. More importantly we need to review and revise our traditional images of each other while we continue to be too strong and resilient friends.

We have the capability to be a lot more to each other and we must not let the opportunity go waste.

High Commissioner Chaudry who was the chief guest at the 15th annual NCE Export Awards Ceremony on Friday at the Hilton Colombo said that Sri Lanka's trading tradition, entrepreneurial innovation and a strong sense of international linkage has always kept our economy buoyant. An over six bln US$ export in 2006 with all signs of being bettered in 2007 is a sign of robust growth.

"Many people have asked me how does Sri Lanka manage a 7% growth rate, when a war is on and the economy is seriously afflicted. I also add with some sense of grief it is not what they perform despite war, it is what they fail to achieve because of the war. High Commissioner Chaudhry said that without war this economy would have been galloping now for some time at between 10-12%. It is that 5% loss of growth that I count in your otherwise very potent economy.

But when nations must accept challenges and sacrifice when they have to 7% is still a whopping growth rate. "Sri Lanka's exports to Pakistan however, or at least an emerging trend therein is a cause for concern. Although these have improved considerably from a measly US$28 mln in 2002 to around US$60 mln in 2006 with a consistent increasing trend what I notice this year worries me," he said.

You are likely to stay stagnated at around the same figure if not less. I think the chamber must look at it closely to uncover the latent reasons and this is despite us encouraging all of you to partake in the emerging opportunities in Pakistan. He said that he only noticed two notable successes in the last year. One of Orange Electric who have broken into the Pakistan market successfully and the other your highly regarded brand Dankotuwa who are in the process of setting foot now in Pakistan.

High Commissioner Chaudhry said that Governments and missions could only take the horses to the pools, the horses must drink at their own accord and with some effort.

Loadstar (Pvt) Ltd. won the Most Outstanding Exporter for the Year 2006 gold award at the Awards ceremony.

The silver award was won by Colombo Dockyard Ltd. The Best woman exporter gold award was won by Selyn Exporters (Pvt) Ltd. while Serendib Exports won the silver award. The award for the best Sri Lankan Brand exporter was won by Imperial Tea Export (Pvt) Ltd. Organised by the National Chamber of Exporters of Sri Lanka (NCE) to recognise achievement and excellence, 101 awards were presented in the sectors of Agriculture value added, tea sector bulk, tea sector value added, Industry, garments and services/suppliers to exporters.

In each sector winners in the small, medium, large and extra large exporter category were honoured with gold, silver, bronze medals and certificates.

The NCE was set up in 1986 with 30 small and medium exporters to be the voice of the exporters and it has grown to represent all exporters.

EMAIL |   PRINTABLE VIEW | FEEDBACK

Gamin Gamata - Presidential Community & Welfare Service
www.buyabans.com
www.productsoflanka.com
www.ceylincocondominiums.lk
www.cf.lk/hedgescourt
www.news.lk
www.defence.lk
www.helpheroes.lk/
www.peaceinsrilanka.org
www.army.lk
 

| News | Editorial | Financial | Features | Political | Security | Spectrum | Impact | Sports | World | Magazine | Junior | Letters | Obituaries |

 
 

Produced by Lake House Copyright 2007 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor