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| Sunday, 15 December 2002 |
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Meeting focuses on expanding Japan - Lanka relations by INDUNIL THENUWARA The need to set up a Japanese bank in Sri Lanka, the introduction of direct flights by a Japanese airline to the island and establishing a stockbroking office were emphasised at the 13th Joint Meeting of the Sri Lanka - Japan and Japan - Sri Lanka Business Cooperation Committees held in Colombo recently. Tourism, information technology, the political and economic situation of Sri Lanka, prospects for investment in the island, tea and fisheries were some of the other areas discussed at the meeting. Over 125 delegates from both countries attended the meeting. The Lankan delegation was led by Das H.T. Wijeratne, President Sri Lanka - Japan Business Cooperation Committee (SLJBCC) while the Japanese delegation was led by Minoru Murofushi, Chairman Japan - Sri Lanka Business Cooperation Committee. The previous joint meeting was held in Japan. The next meeting will be held in Japan in 2004. Addressing the 13th meeting, Murofushi said that he hoped for the expansion of economic relations between the two countries with the return of social stability. He hoped for further cooperation in economic and business spheres. He said that Japanese companies have been setting up operations in China and the ASEAN region in recent years and suggested that Sri Lanka examine the attraction of these countries for investment and use them to its advantage. Shipbuilding and repairs, business process outsourcing, oil storage, mineral processing, tourism and electronics were identified by the local delegates as possible areas for investment. The Japanese delegates highlighted the Japan Bank for International Cooperation's country assistance strategy for Sri Lanka which included its commitments and the significance of assistance under the initiative of the private sector, policy and priority areas for major sectors such as ports, power, roads, agriculture, urban environment and rehabilitation of the North and East. The SLJBCC was set up in 1979 as the first business council to be established under the aegis of the Ceylon Chamber of Commerce. |
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