"WE ENSURE THAT GLOBAL ACCOUNTANTS, BANKERS AND POLITICIANS ARE ACCOUNTABLE TO THE PEOPLE"
ASIA TRAVEL, TRADE AND INVESTMENT CORPORATION (ATTIC)
“To create the foremost Global model of Socially Responsible Investing (SRI) and International Sustainable Development, by providing Comprehensive, Affordable, Global Wealth Creation services, "under one roof”, to the Global Trade and Investment Community".
Governance is an integral element in Canada’s five priority themes for international assistance.
Food Security – Transparency, accountability, and institutional capacity are key determinants in achieving food
security objectives in many countries.
Sustainable Economic Growth – A strong capacity to manage public finances, respect legal contracts and deliver services, combined with transparency and accountability to citizens, are key factors to strengthen prospects for economic growth. Foreign Affairs, Trade and Development Canada’s Sustainable Economic Growth Strategy
addresses governance-related barriers to growing businesses and investing in people by focusing on building
legislative and regulatory frameworks that enable sustainable growth.
Advancing Democracy – Efficient, effective and inclusive governance systems that reflect the will of the people are key to advancing democracy in a particular context. Without transparency, equality and participation, developing a stable democracy is unlikely. At the intersection between governance and advancing democracy, efforts could focus, for example, on strengthening the capacity of the public service to report to parliament/citizens on government spending and programs. Election observation contributes to advancing democracy, but when integrating governance adequately, electoral support can take the form of longer-term engagement to develop capacities of electoral institutions in developing countries.
Ensuring Security and Stability – Conflict and governance are closely intertwined. As stated in The New Deal for Engagement in Fragile States, peacebuilding and statebuilding go hand in hand. Weak governance, unequal access to resources, lack of citizen participation, absence of the rule of law and corruption all contribute to fragility, insecurity and conflict. Three of the five Peacebuilding and Statebuilding Goals of the New Deal for Engagement in Fragile States are directly linked to elements of governance: Legitimate Politics, Justice, and (accountable) Revenues and Services. Governance-related programming to ensure security and stability could focus, for example, on building the capacity of civil society organizations to engage in peacebuilding and reconciliation processes through human rights reporting and community outreach.
Governance efforts are harmonized with and closely related to the other crosscutting themes of advancing equality
between women and men, and
increasing environmental sustainability.
PREAMBLE: Sri Lanka’s economic liberalization has led the country through a remarkable transformation and in the process created one of the most favourable investment climates in South Asia. While recognizing the pivotal importance of private enterprise and foreign investment, the Government of Sri Lanka also believes that given the relative complexity of community and business interests operating under the country’s land constraints, it must safeguard those interests by continuing to play a highly prominent role in the country’s economic development.
It is in this broader context of a positive foreign investment climate and government impetus towards planning and promoting with the private sector new regional development initiatives that, in January, 1997 representatives of Canada Lanka Trade & Investment Corporation (CLIC) (formerly Canada Sri Lanka Capital Corp.) visited Sri Lanka to explore joint venture opportunities. The visit included discussions with various senior level business contacts and government officials culminating in a contractual agreement being reached with the Southern Development Authority of Sri Lanka (SDA) pursuant to the formation of several joint venture and strategic alliance Companies in Sri Lanka. The Project was put on hold in 1997 when CLIC’s Sri Lankan Partner, the Southern Development Authority, set up as a Presidential Task Force, ran out of Project Development Funds.
In 1998, the Government of Canada fully supported this initiative with partial funding of approximately $ 98,000.00 through the Investment Co-operation Program (Private Partnership Branch) of the Canadian International Development Agency (CIDA) for the preparation of a comprehensive Project Implementation and Business Plan to set up Canada Lanka Agro Forestry (CLAF), and Canada Lanka Essential Oils (CLEO).
CANADA LANKA AGRO FORESTRY (CLAF): This consortium of Canadian and Sri Lankan agro industrial specialists intend to vertically integrate cultivation, processing, and international marketing. CLD will transfer to Sri Lanka its horticultural plantation models successfully developed by its associate Companies in Costa Rica and elsewhere.
The Board of Investment (BOI) of Sri Lanka, along with other Government agencies has endorsed the project and will assist in the allocation and effective utilization of government and private sector lands. A burgeoning population continues to exert tremendous pressure on the world’s wood supply of hardwoods creating a chronically tight supply situation for many prized hardwoods, most notably Teak and Mahogany. Unfortunately, the world supply of precious woods has been dwindling for many years due to unsustainable exploitation in countries such as Thailand, India and in Burma. As a result, the particularly acute supply trend is expected to continue over the long term. Silviculture practices will be transferred to the high value timber portion of the project in Sri Lanka. The Company will also investigate the feasibility of cultivation of such forestry plantation crops such as Paulownia, Mahogany, Neem etc, in conjunction with the Forest Department of Sri Lanka.
International Financial Institutions have identified value added agro industry in Sri Lanka as a priority sector for financing and will fund technically competent and financially profitable operations. The success of consortium partners in project development in Costa Rica and in developing botanical tissue culture at the University of British Columbia, along with the technical expertise in canning, juicing, and dehydration indicates that investors can be expected to enjoy both short-term returns in the area of cash crops, as well as longer-term capital gains.
In October 1999, Representatives of Canada Sri Lanka Capital Corp (CSLC) and Canadian Management Consultants Inc (CMC) participated in a high-level trade delegation to Sri Lanka under the auspices of the Canada Sri Lanka Business Council to ensure the vertical integration of its Agro Industrial Operations in Southern and Central Sri Lanka.
The result was the formation of the new Joint Venture Project Development and Management Company in 2000, Canada Lanka Development Corporation (CLDC) to perform the required Project Development and Management services to ensure the successful implementation of several Agro industrial projects in development. Sri Lanka is almost totally lacking in North American standard Project Management competence.
With the improved political environment in 2001, the Canadian International Development Agency (CIDA) expressed strong support once again, by providing additional funding of approximately $ 421,000.00, through the Investment Co-operation Program in August 2001, for the preparation of a very comprehensive Project Implementation Plan, to set up Canada Asia Plantations Cluster (CAPC), Canada Asia Nutraceuticals Company (CAN) and King Coca Beverage Corporation (KCBC).
CANADA ASIA PLANTATIONS CLUSTER (CAPC): A diversified crop structure is proposed for the venture with emphasis on raw material production of high value organics, botanicals and nutraceuticals, along with various other horticultural crops. This consortium of Canadian and Sri Lankan agro industrial specialists intend to vertically integrate cultivation, processing, and international marketing. CLDC will transfer to Sri Lanka its agro industrial, botanical and horticultural plantation models successfully developed by its associate Companies in Costa Rica and elsewhere.
The Board of Investment (BOI) of Sri Lanka, along with other Government agencies has endorsed the project and will assist in the allocation and effective utilization of government and private sector lands. To further diversify crops, high value plantation timber will be planted on lands not suitable for either botanical or high value crop production.
CANADA ASIA NUTRACEUTICALS (CAN): The demand for Nutraceuticals and functional foods has skyrocketed in North America as nutrition becomes linked to “preventative medicine” and becomes a more effective alternative to fraudulent state supported allopathic medicine. CLDC has invested over $ 1,200,000 in Market, Brand and Product Development of an entire range of functional food supplements and beverages to be sourced from plantations in Asia. As the Joint Venture Health & Nutrition Product Development Company, high value nutraceutical and functional foods will undergo advanced processing techniques such as dehydration, concentrate preparation etc, by CAN for purchase by Worldwide Partner Companies of the CLD consortium. In addition, Canadian specialists will provide the most cost efficient packaging technology to meet very stringent North American standards. Members of the consortium have over twenty years of extensive research and applied technology in the industry.
The management team at CLD proposes to develop these projects for production and export to major international markets optimizing economies of scale. Using the latest agro industrial methods and technology, and utilizing demonstrated Canadian skills and technology in processing; the CLD consortium represents a landmark project to increase Canadian business development in Sri Lanka in accordance with the government’s objectives of social and environmental responsibility.
KING COCA BEVERAGE CORPORATION (KCBC): Sri Lanka possesses the world’s most perfect all natural Sports Beverage – Coconut water, according to the FAO. Potential world demand for Coconut water exceeds the world demand for Orange or Apple juice. Sri Lanka has the potential to be the world’s biggest exporter of the “
The Coconut Development Authority of Sri Lanka, along with other Government agencies, such as the Ministry of Industries, Ministry of Export Agriculture, Plantation Industries, Science and Technology and the Industrial Development Board have endorsed the project and will assist in the allocation and effective utilization of government resources.
“King Coca Sport”, "King Coca Health", "King Coca Slim", "King Coca Moksha", "Kid Coca", “King Power",and "Singha Power" will be re-launched in July 2015 through a network of 1,000 potential worldwide distributors, to make KCBC the World’s biggest, ethical beverage Company.
There is an excellent prospect of Canadian government assistance on project implementation due to the transfer of “appropriate” production and processing technology from Canada and the Canadian lead role in International Market Development and International Project Development.
SINGHA OVERSEAS REAL ESTATE INVESTMENT TRUST (SOREIT): Canadian Management Consultants and its Partners intend to launch SOREIT in early 2015, to take advantage of the Fantastic Real Estate Investment opportunities available in Sri Lanka. The CanAmerica 2020 Limited Liability Partnership, responsible for marketing SOREIT Globally, have been expert Project Developers for more than 40 years, with a solid understanding of Asian Real Estate Markets and Sri Lanka in particular. We project that SOREIT will enable Global Investors to achieve Tax Free Investment returns in the 20 % - 50 % range.
SRI LANKA FREEDOM FUND (SLFF): CLIC also intends to canvass the Sri Lankan government to establish a special tax preferred 10 year development fund, Sri Lanka Freedom Fund, to enable Sri Lankan stakeholders to eventually take back the ownership of these incubator developmental ventures on a build, operate and transfer (BOT) basis. Sri Lankan stakeholders will be given the opportunity to purchase 2,500,000 Freedom units at $ 1.00 each to provide the seed capital for these “self help” ventures.
SUMMARY Over the past twenty years, CMC and its Partners have invested over $ 1,800,000.00 in Market, Brand, Product, and Plantation Development of an entire range of functional food supplements and beverages to be sourced from plantations in Asia. The Management Team at CMC proposes to develop these projects for production and export to major international markets optimizing economies of scale. Using the latest agroindustrial methods and technology, and utilizing demonstrated Canadian skills and technology in processing; the CMC consortium represents a landmark project to increase Canadian business development in Sri Lanka in accordance with the government’s objectives of social and environmental responsibility.
The “Partners” of the CMC consortium bring tremendous Business Development as well as Project Development and Management expertise that is almost totally lacking in Sri Lanka at the present time. Furthermore, as already noted, other partners to the alliance bring unique skills in Product Development of Nutraceuticals and Organic Products to enhance the Health and Nutrition of the people of Sri Lanka.
In summary, the consortium is an ideal blend of resources and capabilities by both CMC and its partners. Joining together, the partners are able to achieve what none could do as well independently. As such, these projects in Sri Lanka will serve as the perfect International model of sustainable development for emerging economies. These Projects will also provide meaningful long-term employment to over 100,000 people in Sri Lanka who will eventually be given ownership to these ventures though a BOT (build, own and transfer) process.
In accordance with the new World Bank mandate arising from the Monterrey accord, CMC will continue to vigorously canvass the Government of Sri Lanka to turn over a greater proportion of developmental projects from Government Corporations and Agencies to the more efficient “peoples” sector in Sri Lanka that will be very profitably project managed by Canadian Management Consultants and its Joint Venture Partners.
Finally, and perhaps, most importantly, these Super Projects will enable Sri Lanka to move away from its traditional "Slavery" based Industries, such as Tea Manufacturing and Garment Manufacturing, into Farmer empowering, Fair Trade based, ecologically friendly, Sustainable Enterprises.
Dec 01, 2015. Paris: Sri Lankan President Maithripala Sirisena emphasized the need to have deep cuts in global greenhouse gas emissions by the developed countries considering the historical responsibility.
Addressing the United Nations Conference on Climate Change - 2015, in Paris Monday, President Sirisena said that even though our per capita emission is low and insignificant in the global sense, we have contributed and will contribute to global mitigation efforts.
He pointed out that In Sri Lanka the adverse impacts of climate change are already obvious and threatening the very survival.
"On the domestic front, Sri Lanka has launched several Climate Smart Initiatives," the President said.
He said that Sri Lanka has embarked on the challenging task of moving away from fossil fuel-based energy, towards renewable energy.
Domestically, Sri Lanka has developed a 'National Climate Change Policy' and prepared a 'National Climate Change Adaptation Strategy', the President said adding that to implement these strategies, Sri Lanka's requirements could be approximated at around 500 million US dollars.
"We hope that there will be a common commitment to increase finance above 100 billion US dollars as agreed in Copenhagen in 2009, including through the Green Climate Fund, to especially help vulnerable developing countries prepare for climate impacts," he said.
Sri Lanka has submitted the "Intended Nationally Determined Contributions" (INDCs) and endorses the Manila-Paris Declaration of the Climate Vulnerable Forum.
According to the President Sirisena, Sri Lanka envisions to emerge as a leader in global eco-civilization by several measures.
Protecting nature, by limiting the use of natural resources to be within the sustainable ecological capacity of the country, respecting critical social and environmental limits when striving for economic prosperity, and building the resilience of vulnerable communities in the country by encouraging climate change mitigation through implementation of adaptation measures are the three strategies.
Underscoring that reaching a new Climate Change Agreement in Paris is of utmost importance to humankind, the President said the Paris Agreement, which would be applicable to all, should be in line with the UN Convention on Climate Change, its principles and provisions.
However, the agreement should not hinder sustainable development agenda of developing countries and should focus on building resilience and include strong accountability and assessment measures that are transparent.
It should enhance the provision of financing, technology development, and transfer and capacity building by developed countries to developing countries, and should send a strong signal of commitment by the world leaders, especially to businesses and financial markets.
"We must seize this unique opportunity in Paris to create a turning point by recognizing our universal responsibility to protect and safeguard our fragile planet for the benefit of all," he said concluding his address.