Private sector should lead - CCC
As Sri Lanka’s premier business Chamber, encompassing a wide spectrum
of private sector business entities from large multinationals to SMEs,
the Ceylon Chamber of Commerce (CCC) is fully appreciative of the many
challenges that the newly elected government is faced with; i.e.
establishing good governance, rule of law, transparency and stability
that can bring in many socio-economic reforms, a statement from the
The country has been desperately looking forward to implement and
sustain an inclusive development which become most important from a
national or a Sri Lankan point of view.
“At the same time, we also cannot put aside and forego the
expectations of many towards addressing the crucial issues that are
expected to be raised through the forthcoming UNHRC Report and building
a harmonious nation, that respects and protect human rights, democratic
ideals and for every citizen, to live in peace and harmony, building
trust and confidence among all communities and people and creating an
environment and opportunities for everyone to engage in economic
activities in a fair and equitable manner.
“As a business Chamber, our primary focus and concern would be
towards the establishment of national policies and strategies that are
essentially needed to transform the national economy and its sustainable
and rapid growth through deeper integration with the global economy. “In
this context, we believe that the Sri Lanka’s economic development
should be private sector-led, export-oriented and based on national
competitiveness. The reforms and transformations should be directed to
achieving such overarching aspirations.
It is essential for the government and the entire country to focus
upon on implementing the much awaited factor markets to transform the
economy and to ensure deeper and broader integration with the global
economy and the global supply chain. Reforms must result in enhancement
of national competitiveness and growth in economy and broad basing
economic activities within the country thereby making development
inclusive. Creating a competent, productive and a competitive human
capital, strengthening SMEs, attracting quality FDI, infusing
technology, achieving appropriate scaling, market access through
bi-lateral and multi-lateral trade agreements and market diversification
would be the way forward.
Sri Lanka’s foreign policy and international relations will play a
crucial role in achieving above. We believe that the private sector and
public sector will have to work together with a shared vision,
objectives and goals.
As the CCC had been reiterating in the past, the country is faced
with many a challenges; such as ensuring harmony and national
integration, strengthening democratic institutions and rule of law and
governance and adopting inclusive development strategies.
“We believe that being elected to govern the nation, the most
critical responsibility of the new government is to work with all the
concerned stakeholders and develop prudent strategies and plans to
overcome the critical challenges that the nation is faced with.The
Chamber assures its unstinted commitment and wholehearted support to
work and engage productively with the newly elected government in
transforming Sri Lanka to a prosperous nation,” the statement said.