Commonwealth Business Forum commences in Colombo

Commonwealth Business Forum commences in Colombo

Commonwealth Business Forum commences in Colombo

Written by Staff Writer

28 Sep, 2014 | 10:36 am

The Commonwealth business Forum that is held concurrent to the Commonwealth Heads of Government Meeting commenced in Colombo on Sunday with the participation of representatives of over thirty nations.

The traditional lighting of the oil lamp marked the commencement of the opening ceremony of the Commonwealth Business Forum which is being held in an Asian country for the first time.

President Mahinda Rajapaksa was the chief guest at the ceremony.

Commonwealth Secretary General Kamalesh Sharma, Minister of External Affairs Prof. G.L. Peiris, Minister of Investment Promotion Lakshman Yapa Abeywardene, Chairman of the Commonwealth Business Forum Dr. Mohan Kaul and a large gathering of local and international business leaders were present for the ceremony.

Dr. Mohan Kaul:
“I have no doubt that this event will lead to subsequently increased investment in Sri Lanka. Actually, I have constantly being astounded by how far Sri Lanka has come since the end of the conflict in this country. It is testament to the business leaders of this country that Sri Lanka has not been left behind in anyway during this so-called Asian growth miracle. Indeed in many ways Sri Lanka has been the vanguard of development on the continent and according to an international bank, is likely to be the second fastest growing economy in Asia. Sri Lanka really does have it all.”

Prof. G.L. Peiris:
Minister of External Affairs
“Now what did Dr. Mohan Kaul mean when he said Sri Lanka has it all? These are inherent strength and resources that are truly unique. Our geographical location has been of enormous benefit to us throughout our history. ………..It is buttressed and supported at every point by a business friendly culture.”

Therefater, President Mahinda Rajapaksa addressed the gathering before declaring open the Commenwealth Business Forum.

“Excellencies and friends, whenever global tensions escalate due to political and economic disagreements or disputes among the wealth and advanced nations, those who suffer most are the developing and emerging nations. The obvious conclusion is that for genuine and credible partnerships to be established for wealth creation, the more advanced nations need to be sensitive to the issues of the lesser developed nations and must be honestly supportive of developing trade with emerging nations.”

The Commonwealth Business Forum will focus on building partnerships.

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