AmCham Sri Lanka holds its 30th AGM

The AmCham Sri Lanka recently held its 30th Annual General Meeting (AGM) and election of Directors. Despite the challenges of the socio-economic and political conditions faced by the business community over the past year, significantly curtailing usual Chamber activities, the Chamber recorded its highest net surplus yet, for the third consecutive year.

The gathering comprising over 100 member companies included Lakshan Madurasinghe, who was re-elected President for his second year, The chief guest at the AmCham AGM 2022 was the Ambassador of the United States of America to Sri Lanka, Julie J. Chung, who made the keynote address.

In her address the Ambassador noted: “In his speech to Parliament, President Wickremesinghe highlighted the importance of trade and investment to Sri Lanka’s economic recovery and his desire to tap into foreign direct investment.  For this to be successful, what our companies want is a level playing field, a good regulatory framework, and trust that their arbitration and their contracts will be honored. When you have that kind of strong investment climate, then companies will want to come. This is an area where AmCham can leverage its relationships with policy makers and companies already connected to the international markets that the president wants to tap into, including ours in the United States.

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