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International business chambers ‘gravely concerned’ as crisis in Sri Lanka continues

A group of three different international business chambers have issued a joint statement stating that they are “gravely concerned about the present political uncertainty and upheaval” in Sri Lanka.

The European Chamber of Commerce of Sri Lanka (ECCSL), the American Chamber of Commerce (AMCHAM) and the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) warned that there would be “adverse economic and social consequences” and that “foreign investors and potential businesses are increasingly losing confidence in the reliability of the business environment of Sri Lanka”.

“Most of our members who are established in Sri Lanka and whom have been surveyed are already experiencing negative impacts on their businesses,” the statement added.

“We request the relevant political authorities to ensure a stable and reliable business environment through the legal and democratically established institutions as soon as possible,” the statement added.

The joint statement comes as turmoil in Colombo continues, with several million dollars worth of funding reportedly on hold and tourists cancelling bookings to visit the island. Several international figures have also called for talks on sanctions on Sri Lanka as the crisis continues.