Sri Lanka-Indonesia BC AGM

The Sri Lanka- Indonesia Business Council (SLIBC) which functions under the aegis of the Ceylon Chamber of Commerce held its Annual General Meeting recently.

Charge d' Affairs of the Republic of Indonesia in Sri Lanka, Albert Abdi, was the chief guest. Abdi congratulated the Council for its 19-year partnership to promote trade and investment between the two countries. He said " The challenge of achieving $1b bi-lateral trade by 2015 could be achieved through the cooperation of the business community of Sri Lanka and Indonesia".

Director and General Manager of ISIN Lanka (Pvt) Ltd, Jatinder Biala, was re-elected President for 2012-2013. Biala said that Indonesia has become a promising country, not only in Asia but in the world. Although the expected growth rate in fast developing, Asian giants, China and India are lower than expected. Indonesia has managed to maintain the expected growth. Indonesia is a large country with vast untapped natural resources. Sri Lanka and Indonesia share similarities in culture and climatic conditions. Biala said that the Council's objective is to promote trade, services and business between Sri Lanka and Indonesia, particularly exports.