Australia, NZ envoys urge stronger trade focus for SL

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The need for Sri Lanka to focus more strongly on developing and liberalising international trade  to embark on a positive path to recovery, was expressed by the High Commissioners for Australia and New Zealand to Sri Lanka, at the 24th Annual General Meeting of the Sri Lanka Australia  New Zealand Business Council (SLANZBC) of the Ceylon Chamber of Commerce.

Committing strong support to assisting Sri Lanka to emerge from the economic crisis and move into recovery mode, Australian High Commissioner, Paul Stephens and New Zealand High Commissioner, Michael Appleton said that opportunities for development in sectors such as education and tourism and implementing agreements such as Preferential Trade Agreements will be promoted and supported by the two countries. 

President of SLANZBC Ruwan Rajapakse who was re-elected for 2022/23 said the Council would continue to play an integral role in promoting Bilateral Trade, Investment, Technical and Economic Co – Operation, Tourism and Services between Sri Lanka and Australia and Sri Lanka and New Zealand. The positive sentiments were supported by Guest Speaker Amal Sanderatne, Founder and Chief Executive of Frontier Research, who addressed the audience on ‘Sri Lankan Economy Situation and Opportunities in Australia and New Zealand’, expressing confidence that ‘given Sri Lanka’s long-term story, backed by data, a growth trajectory on a recovery path’ is on the cards.