18 Jul 2022 - {{hitsCtrl.values.hits}}
The International Chamber of Commerce of Sri Lanka (ICCSL), which represents the country’s business and industrial sector, yesterday highlighted the importance of the decision to be made by the legislature on electing the head of state, whom would be endowed with the paramount obligation to chart the course for the nation’s future.
The ICCSL expressed its support for democratic governance and holistic growth based upon transparency, accountability and rule of law, which would consequently steer the nation towards a healthy economic landscape for over 22 million Sri Lankans.
“Overcoming the current economic situation and political instability depends entirely on the deliberation of the legislature exercising the sovereignty of the people’s preferences for the protection of the state, economy and financial system in Sri Lanka.
These challenges could be intelligently addressed, with the right directions taken by an impartial, patriotic decision of the members of Parliament by electing the most competent legislator, who could lead the country,” an ICCSL statement said.
It also said the new economic directions should support the export, import and tourism industries, SMEs and other businesses, which contribute largely to the sustainability of the
nation’s GDP.
“The new elected president should be able to prioritise the allocation of fuel for the local and export supply chain, transport, distribution, tourism and export support services. And address the food security, medical shortages, fuel and gas shortages and other economic issues of Sri Lanka,” the statement noted.
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