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Revitalising bilateral trade and investment between Lanka and Germany
Ahamed Razee (Counsellor, Embassy of Sri Lanka, Germany), Dr, Somakanthan Somalingam (Board Member of the German – Sri Lankan Business Council, Dhammi Kandage (President of the German – Sri Lankan Business Council), Manori Unambuwe (Ambassador – designate of Sri Lanka to Germany), Nihal Samarasinha (Honorary Consul of Sri Lanka for Rhineland – Palatinate, Germany), Madurika Joseph Weninger (Consul General of Sri Lanka in Frankfurt, Germany), Margaret Ristau ( Treasurer of the German – Sri Lankan Business Council), Murugaiah Gobinath (Board Member of the German – Sri Lankan Business Council)
The Consulate General of Sri Lanka in Frankfurt am Main organised a Business Forum on July 31 on the occasion of the visit of Ambassador-designate of Sri Lanka to Germany Manori Unambuwe, a press release issued by the Consulate General said.
It said: The Business Forum was attended by more than 35 guests including eminent entrepreneurs, potential investors and officials from the Chambers of Commerce and Economic Ministries from key southern Federal States in Germany. Theme of the Event was – ‘Opportunities to revitalize Bilateral Trade and Investment between Sri Lanka and Germany’.
Consul General Madurika Joseph Weninger welcomed the participants and highlighted the special relationship between Sri Lanka and Germany. She also added that the Year 2019 was a watershed year for bilateral trade between the two countries which exceeded a Billion Euros with the trade balance being in favour of Sri Lanka.
Ambassador Manori Unambuwe in her opening remarks stated that Germany is one of the largest trading partners of Sri Lanka and economic engagement between Sri Lanka and Germany has improved significantly over the past few years and has a huge potential to strengthen it further.
She further stated that greater liberalisation and reforms were introduced by the government of Sri Lanka to spur investment and trade. The Ambassador highlighted that in the face of global pandemic, priorities are being reassessed and notable trends are seen in industry segments of Information Technology, Health and Wellness, as well as green initiatives and sustainable development, which Sri Lanka is well poised to be a partner with Germany.
Speaking on growing demand for digitalization, the Ambassador highlighted the well-developed infrastructure and resource pool availability in Sri Lanka and invited German companies to consider Sri Lanka as an outsourcing destination. She further said ‘we are a signatory to the WIPO (World Intellectual Property Organization) which provides protection and confidence to entrepreneurs engaging in software development and a series of webinars are being planned with relevant organisations to raise awareness of Sri Lanka as an ideal destination.’
Counsellor of the Sri Lanka Embassy in Germany Ahmed Razee presented an overview of economic developments between the two countries and underlined Sri Lanka’s unique geographical position combined with a skilled labour force and attractive incentives, which makes Sri Lanka an ideal launch pad to reach a broader market in the Asian region, through several Free Trade Agreements. He further shared the advantages of trade for SMEs which can leverage GSP Plus concessions to increase exports to the German market.
The Event concluded with the Consul General of Sri Lanka hosting a traditional Sri Lankan lunch to the Ambassador and the distinguished invitees to the Business Forum.
On July 30 Ambassador Unambuwe held meetings with Dr. Jurgen Ratzinger, Managing Director for International Business of the Frankfurt Chambers of Commerce and Industry, (IHK) and Johannes Richter, Unit Head for Southeast Asia of IHK to discuss opportunities to further increase Sri Lanka – German trade and investment cooperation.
News
Some VIP security units disbanded, special ‘motivation incentive allowance’ abolished, with some exceptions
Defence Secy. assures regular entitlements won’t be curtailed
Defence Secretary retired Air Vice Marshal Sampath Thuyakontha has assured the armed forces that contrary to claims, reports and speculation, the NPP government will not curtail various entitlements provided to them.
The declaration was made at the Sri Lanka Air Force (SLAF) Headquarters at the Defence Headquarters Complex, Pelawatte, on Monday (Oct 07).
AVM Thuyakontha, who was in the centre of controversy in the run-up to the presidential election over his support for Anura Kumara Dissanayake’s candidature and blacklisted by the SLAF, visited several divisions of Air Force HQ accompanied by the Air Force Commander Air Marshal Udeni Rajapaksa and other senior officers.
Military Liaison Officer of the Ministry of Defence, Air Vice Marshal Padman de Costa also joined the Defence Secretary on his visit to the Air Force HQ.
During the war, Thuyakontha served as the Commanding Officer of the famed 09 Squadron consisting of Mi-24 helicopter gunships.
AVM Thuyakontha reiterated the government’s commitment to the general welfare of the armed forces.
However, the government has declared that what is called ‘motivation incentive allowance’ paid to security forces personnel attached to security units of former VIPs was stopped from Sept. 22, the day after the presidential election.
The Defence Ministry has informed the Army, Navy and Air Force commanders that there was no requirement for ‘motivation incentive allowance’ as the provision of such security has been discontinued.
According to the Defence Ministry, only security units attached to the Chief of Defence Staff, three service commanders and former presidents would continue to receive the special allowance. (SF)
News
US strengthens SLAF maritime surveillance squadron
The SLAF will officially take delivery of Beechcraft King Air 360ER aircraft, donated by the United States at the Katunayake airbase.
The US Embassy in Colombo said that funded by the U.S. Department of Defense’s Building Partner Capacity programme was part of a long-term collaboration with the Sri Lanka Air Force.
“This advanced aircraft is designed to enhance Sri Lanka’s capabilities in search and rescue operations, drug interdiction, and combating trafficking and smuggling. It will also significantly improve the country’s maritime surveillance operations while reinforcing U.S.-Sri Lanka defense cooperation,” the Embassy said.
The Beechcraft King Air 360ER is equipped with cutting-edge technology to boost Sri Lanka’s ability to patrol its waters and address maritime threats.
The aircraft would be assigned to the Number 03 Maritime Squadron based in China Bay, Trincomalee. The squadron comprises Indian and American surveillance aircraft and would be joined before end of this year by an aircraft donated by Australia.
News
FDI depends on transparency and ‘streamlined policies’
– South Korean envoy
South Korean Ambassador Miyon Lee has assured President Anura Kumara Dissanayake of their readiness to resume investments here.
A statement issued by ROK Embassy in Colombo quoted Ambassador Lee as having reaffirmed willingness among Korean companies to recommence investments in Sri Lanka and expressed expectations on Sri Lanka’s commitment towards maintaining transparency and streamlined policies to attract Foreign Direct Investment for the country.
Ambassador Lee discussed the issue when she paid a courtesy call on President Dissanayake yesterday (09) at the Presidential Secretariat.
During the meeting, Ambassador Lee congratulated President Dissanayake on his inauguration and also conveyed best wishes from President Yoon Suk Yeol and his expectations to bolster the relationship between the two countries under the new leadership.
Ambassador Miyon Lee expressed the Korean government’s unwavering support to Sri Lanka with the continuation of people-to-people exchanges, cooperation in education, health and various other sectors. While expressing Korea’s intention to collaborate on digitalization, climatic change initiatives and in the renewable energy sector, she elaborated the role of the Korean government agencies such as KOICA, KOFIH and Saemaul Foundation working in Sri Lanka and called for Sri Lankan government’s continued support for various activities steered by these agencies in this country.
In line with the commitments set out by the International Monetary Fund, the Ambassador wished Sri Lanka for a successful Debt Restructuring Programme and emphasized the commitments by Korea Exim Bank to renew the framework agreement for loan projects to Sri Lanka.
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