works out damage control measures to woo investors
With a number of appointments fixed for discussion by the Commerce
Department officials either being cancelled or put on hold pending
a settlement to the current political situation in the country,
Commerce Minister Ravi Karunanayake has ordered his officials to
draw up a contingency plan to build investor confidence once more.
the present economic situation as being "back to square one"
- in reference to what the country faced exactly two years ago,
Minister Karunanayake said that it's going to be an uphill task
and that the government should not give up.
"The cookie has crumbled and to put the pieces together back
again would be a very sensitive exercise," he said according
to a statement issued by his office.
met senior Commerce Department officials and strategists on Wednesday
where he outlined the present status quo with regard to the political
deadlock. He said the government would demand full control of the
affairs of the country or else "we will have to retire to our
fate and perish."
doubts have been raised with regard to the on-going discussions
on FTA’s with countries such as Pakistan, Bangladesh, the
United States, Vietnam, Maldives and Egypt following last week's
action by the President.