New President Dinesh De Silva addressing the AGM

Sri Lanka Shippers Council says unrealistic payments which need to be made during transactions have become a real burden on the importers and exporters of the country.

This situation, the newly elected President of the Shippers Council Dinesh De Silva says has resulted in the cost of imports and exports going up.

Silva also points out that the unrealistic funds which goes to third parties also can be considered as draining of foreign currency out of the country.

Speaking at the recently held AGM of the Shippers Council, the new president  also said “As shippers, we have been experiencing numerous challenges, the rising operational cost due to the movement of the exchange rate, rising fuel prices, unfair trade practices, higher freight rates and exorbitant third party service providers’ charges”.

He says that some of those problems can be solved through commercial decisions and by using proper Inco terms.

“We as the shippers’ Council will repeatedly take up these matters with the relevant authorities and strongly feel that should make progress as otherwise not only the trade, the entire country’s economy will be affected if we cannot boost our exports” added Silva.

Governor of the Central Bank Ajith Nivard Cabraal was also present at the AGM as the Chief Guest of the event.

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