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‘Is India going to steal land, water and air?’

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by Neville Ladduwahetty

The question cited above was the title of an article published in Ceylon Today by N. Sathya Moorthy (SM), who identifies himself as a Chennai based Policy Analyst/Political Commentator (Friday 10, 2024).The answer to his question is – NOT YET. For the present, stealing is limited to marine assets and the destruction of its habitat in the process by Indian fishermen. These practices have been going on for decades. By resorting to bottom trawling not only is the habitat destroyed for decades, but also the infrastructure of the Sri Lankan fishermen thus affecting their livelihoods. However, going by past and ongoing practices notwithstanding all the protests, expanding the scope of stealing to other fields of activity cannot be ruled out from opportunities arising from increased Connectivity.

STEALING MARINE RESOURCES

In a United Nations-Nippon Foundation of Japan Fellowship Programme of 2016, Aruna Maheepala claims: “There are over 5,000 mechanised trawlers in Tamil Nadu and nearly 2,500 of them enter Sri Lankan waters on Mondays, Wednesdays and Saturdays and often coming at 500 m of the shoreline (emphasis added) …. More than 50,000 marine fishers live in the northern fisheries districts of Sri Lanka (Jaffna, Kilinochchi, Mannar, Mullaitive), and they account for about one-fourth of the marine fishers of the country”.

“Before the commencement of the war (1982) around 40% of the fish production of the country came from Northern fishery districts (except Kilinochchi). However, contribution of the fish production in the northern fishery district drastically dropped to 5% in the peak period of the war (2008) and gradually increased after 2009. Livelihoods of Sri Lankan fishers’ have been drastically affected as a result of the Indian poaching” (Ibid).

Judging from the map of Sri Lanka’s EEC and its proximity to India’s coastline, to claim that Indian trawlers “drift” into Sri Lankan waters is unacceptable. On the contrary, the India trawlers “drift” into Sri Lankan waters because they have exhausted resources within India’s EEC.

In the context of the ground situation cited above, for Dr. Jaishankar’s claim that ‘India is committed to the wellbeing and progress of nations of the Indian Ocean is based on our Neighbourhood First’ is far from the truth. Instead, it sounds more like India First in the neighbourhood. To expect India to address this issue despite Dr. Jaishankar’s commitment to “a multilateral rules-based international order along with sincere respect for sovereignty and territorial integrity” are only words in the wind because it is alleged that the majority of Indian fishing boats entering Sri Lanka waters are connected to Indian politicians who are Members of the Legislative Assembly of Tamil Nadu.

This being the case, stealing marine resources and destroying their habitats is bound to continue without a word of ‘Thank you’ from Sathiya Moorthy or any others in India. In contrast, he expects Sri Lanka and its People to say ‘Thank you’ for the ‘ship-to-mouth assistance granted by India and Indians to the ‘People of Sri Lanka’, repeatedly referred to by External Affairs Minister, Jaishankar, not realising that the monetary value of what was and is being stolen and what is wantonly destroyed in the process, not to mention livelihoods of thousands, far outweighs the value of the assistance given. Therefore, there is no cause whatsoever to say ‘Thank you’.

IMPACT of CONNECTIVITY

With increased Connectivity through a Land Bridge, there is a strong possibility that Indians may Steal Sri Lankan jobs judging from the job situation in India, presented by Mr. Dharmawardana in “System Change: Is Sri Lanka to become an Indian Pradesh”? (The Island May 8, 2024). The article states that “some 93,000 candidates applied for 62 ‘peon’ posts in Uttar Pradesh police department which required a minimum eligibility of grade 5; However, there were 3,700 PhD holders and 28,000 post graduate and many graduates”. In such a background, there is a strong possibility for Indian applicants to offer their services at considerably reduced rates for employment in Sri Lanka, thus depriving Sri Lankans from gaining employment in their own country.

Commenting on the proposed “Massive Investments” in Sri Lanka by India, Sathiya Moorthy is of the view that there is a limit to what he calls a “good compromise in the name of environmental protection”, if “Sri Lanka and Sri Lankans should decide whether they want to live in stone-age caves or live in the times and with the times”.

If he thinks that these unsolicited Investments are being undertaken by India to ensure that Sri Lanka and Sri Lankans live with the times, he is being pedestrian in his thinking. Instead, it is all part of a fall-out arising from geopolitical rivalry by the QUAD to counter China’s influence in Sri Lanka; a fact evident when the US International Development Financial Corporation (DFC) agreed to fund the West Coast container terminal with a contribution of $533 to the Adani Group to build, as a Joint Venture with the Adani Group holding 51% of the shares and the rest, only 49% held by John Keels Holdings and Sri Lanka Ports Authority.

According to a Bloomburg report the Adani Group, the Indian ports-to-power conglomerate, is considering a $750 million investment in Sri Lanka to set up two wind projects that will generate 500 megawatts on the island as another component of extending Connectivity.

Continuing according to the report, Modi is seeking to tilt the balance in a strategic tussle with China on Sri Lanka, a pivotal battleground because it lies on key global shipping lanes and plays into India’s concern of encirclement from Beijing. New Delhi plans to boost air connectivity and also speed work on linking electricity grids with Sri Lanka. The two nations will also conduct a feasibility study for a petroleum pipeline as well as for a land bridge and passenger ferry service.

It is therefore, crystal clear that these Massive Investments are undertaken in the pursuit of the individual and collective national and geopolitical interests of the US and India and not for the benefit of Sri Lanka and Sri Lankans per se as Sathiya Moorthy contends, but only because Sri Lanka’s strategic location has imposed a degree of importance that needs to be controlled by the QUAD. In the light of these external compulsions Governments representing Sri Lanka’s interests have hard and limited choices.

Furthermore, since these are unsolicited Investments, relationships between and within governments factor in and invariably influence the negotiating processes involving costs and leniency towards environmental and other contractual obligations, etc. Consequently, client States such as Sri Lanka invariably end up with the short end of the stick. What is more surprising and disappointing is for a US Government Agency such as DFC to fund an unsolicited investment to the tune of US $533, thus violating good practices such as transparency associated with open bids.

SENSE of VULNERABILITY

The report cited above conveys the sense of vulnerability that has influenced India’s relationship with Sri Lanka. The need for Modi to tilt the balance in a strategic tussle with China on Sri Lanka, a pivotal battleground because it lies on key global shipping lanes and plays into India’s concern of encirclement from Beijing says it all. The sense of vulnerability felt by India regarding its security and territorial integrity is not new.

India’s leadership has repeated often enough, that the ‘security of India depends on the security of Sri Lanka’: a concern that causes India to seek regular assurances from Sri Lankan leaders and even prospective ones, that they would not undertake any ventures that have the potential to threaten India’s security. Such a perception has compelled India to adopt proactive measures to “tilt the balance in a strategic tussle with China on Sri Lanka”.

STRATEGIES to CONTROL DIRECTION of SRI LANKA

The way India is planning to “tilt the balance” in India’s favour is by adopting policies and strategies to CONTROL Sri Lanka’s political, financial and economic determinations in a direction that ensures India’s security and does not hinder India’s national and global aspirations.

POLITICAL CONTROL

For instance, control over internal political arrangement is through the repeated insistence of the full implementation of the 13th Amendment crafted and imposed by India. This entrapment is a serious fetter to the introduction of system changes at the Provincial level where powers Constitutionally devolved to Provinces are further devolved to Districts and Local Governments in a manner that enables development in the peripheries based on their respective determinations and capabilities. The strait jacket imposed by the 13th Amendment seriously restricts autochthonous development in the peripheries, thus affecting the livelihood of the majority in Sri Lanka.

FINANCIAL CONTROL

Financial control is through the use of the Indian Rupees in acquiring Assets, Trade through lines of credit and other transactions. For instance, the recent launch of the Unified Payments Interface (UPI) mechanism claims to reduce the cost of financial transactions between India and Sri Lanka. It is reported that Indian Government is actively exploring the possibility of facilitating Indian Rupee investments for Indian Companies in Sri Lanka.

“In the fiscal year 2023, the Reserve Bank of India (RBI)granted permission for international trade for invoicing and payments to be conducted in Indian Rupees. This move allowed for exports and imports to be denominated and invoiced in Rupees, with trade transactions settled in the currency. The RBI’s decision aims to stimulate global trade growth, particularly Indian exports, while also working towards the internationalisation of the Indian Rupee” (Ceylon Today, February 28, 2024).

“Last year, Sri Lanka officially recognised the Indian Rupee as a designated currency, ending trade settlements between the two countries to be conducted in Rupees” (Ibid).

“Currently, Indian Investors typically engage in investments in Sri Lanka using international currencies like the US Dollar, which involves additional complexities and conversion costs. The transition to Rupee investments is expected to streamline market entry for Indian companies, with the Ministry of External Affairs reportedly advocating for this transition” (Ibid).

The report finally states: “The push for Rupee investments aligns with India’s broader vision to elevate its currency to the status of hard currency in the future, potentially leading to inclusion in the IMF’s SDR basket and bolstering its foreign exchange reserves. This move is anticipated to benefit Indian firms with significant investments in Sri Lanka, such as the Adani Group’s development projects in the country’s port and power sector” (Ibid).

ECONOMIC CONTROL

Economic control is through unsolicited “Massive Investments”, that Sathiya Moorthy refers to in ports, renewable energy and other infrastructure projects to consolidate connectivity on lines cited above. Other actively pursued projects are the under-sea pipeline for petroleum products and for electricity grid connections together with the Land Bridge cited above. The collective impact of all this is not only to control the future direction of Sri Lanka but also constrain future choices open to Sri Lanka, in order to ensure a dependence that guarantees the security of India without depending on verbal assurances of Sri Lankan political leaders whatever their hue.

CONCLUSION

The answer to Sathiya Moorthy’s question “Is India Going to Steal Land, Water and Air?” is: NOT YET. For the present, stealing is limited to marine resources and the wanton destruction of its habitat within Sri Lanka’s Exclusive Economic Zone; a practice that has been going on for decades without acknowledgment of any kind – not even a Thank You. The stealing that is yet to come would be later, and would be through unsolicited projects judiciously selected and proposed by India in the name of Connectivity in order to control determinations of Sri Lanka in a manner that guarantees the security of India without depending on verbal assurances by Sri Lanka’s political leaders.

The reason for the obsession with security is because of a notion of vulnerability that India and its leadership has experienced for decades and repeated often, that the ‘security of India depends on the Security of Sri Lanka’. Although the sense of vulnerability brought about by a perception of encirclement had affected India for decades, the growing economic clout that India is experiencing in the background of geopolitical rivalries has emboldened India to adopt more proactive strategies to “tilt the balance in a strategic tussle with China on Sri Lanka”.

The strategy adopted guarantees security as far as Sri Lanka is concerned, is by being in a position to CONTROL determinations of Sri Lanka through Internal Political arrangements (13th Amendment), Financial through UPI and the role of the Indian Rupee in Trade and other transactions and Connectivity through Massive Investments in unsolicited infrastructure projects, investing in existing projects, resources and assets in order to colonize Sri Lanka and make it DEPENDENT on India. The policies currently being adopted by Sri Lanka are facilitating this process.



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The heart-friendly health minister

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Dr. Ramesh Pathirana

by Dr Gotabhya Ranasinghe
Senior Consultant Cardiologist
National Hospital Sri Lanka

When we sought a meeting with Hon Dr. Ramesh Pathirana, Minister of Health, he graciously cleared his busy schedule to accommodate us. Renowned for his attentive listening and deep understanding, Minister Pathirana is dedicated to advancing the health sector. His openness and transparency exemplify the qualities of an exemplary politician and minister.

Dr. Palitha Mahipala, the current Health Secretary, demonstrates both commendable enthusiasm and unwavering support. This combination of attributes makes him a highly compatible colleague for the esteemed Minister of Health.

Our discussion centered on a project that has been in the works for the past 30 years, one that no other minister had managed to advance.

Minister Pathirana, however, recognized the project’s significance and its potential to revolutionize care for heart patients.

The project involves the construction of a state-of-the-art facility at the premises of the National Hospital Colombo. The project’s location within the premises of the National Hospital underscores its importance and relevance to the healthcare infrastructure of the nation.

This facility will include a cardiology building and a tertiary care center, equipped with the latest technology to handle and treat all types of heart-related conditions and surgeries.

Securing funding was a major milestone for this initiative. Minister Pathirana successfully obtained approval for a $40 billion loan from the Asian Development Bank. With the funding in place, the foundation stone is scheduled to be laid in September this year, and construction will begin in January 2025.

This project guarantees a consistent and uninterrupted supply of stents and related medications for heart patients. As a result, patients will have timely access to essential medical supplies during their treatment and recovery. By securing these critical resources, the project aims to enhance patient outcomes, minimize treatment delays, and maintain the highest standards of cardiac care.

Upon its fruition, this monumental building will serve as a beacon of hope and healing, symbolizing the unwavering dedication to improving patient outcomes and fostering a healthier society.We anticipate a future marked by significant progress and positive outcomes in Sri Lanka’s cardiovascular treatment landscape within the foreseeable timeframe.

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A LOVING TRIBUTE TO JESUIT FR. ALOYSIUS PIERIS ON HIS 90th BIRTHDAY

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Fr. Aloysius Pieris, SJ was awarded the prestigious honorary Doctorate of Literature (D.Litt) by the Chancellor of the University of Kelaniya, the Most Venerable Welamitiyawe Dharmakirthi Sri Kusala Dhamma Thera on Nov. 23, 2019.

by Fr. Emmanuel Fernando, OMI

Jesuit Fr. Aloysius Pieris (affectionately called Fr. Aloy) celebrated his 90th birthday on April 9, 2024 and I, as the editor of our Oblate Journal, THE MISSIONARY OBLATE had gone to press by that time. Immediately I decided to publish an article, appreciating the untiring selfless services he continues to offer for inter-Faith dialogue, the renewal of the Catholic Church, his concern for the poor and the suffering Sri Lankan masses and to me, the present writer.

It was in 1988, when I was appointed Director of the Oblate Scholastics at Ampitiya by the then Oblate Provincial Fr. Anselm Silva, that I came to know Fr. Aloy more closely. Knowing well his expertise in matters spiritual, theological, Indological and pastoral, and with the collaborative spirit of my companion-formators, our Oblate Scholastics were sent to Tulana, the Research and Encounter Centre, Kelaniya, of which he is the Founder-Director, for ‘exposure-programmes’ on matters spiritual, biblical, theological and pastoral. Some of these dimensions according to my view and that of my companion-formators, were not available at the National Seminary, Ampitiya.

Ever since that time, our Oblate formators/ accompaniers at the Oblate Scholasticate, Ampitiya , have continued to send our Oblate Scholastics to Tulana Centre for deepening their insights and convictions regarding matters needed to serve the people in today’s context. Fr. Aloy also had tried very enthusiastically with the Oblate team headed by Frs. Oswald Firth and Clement Waidyasekara to begin a Theologate, directed by the Religious Congregations in Sri Lanka, for the contextual formation/ accompaniment of their members. It should very well be a desired goal of the Leaders / Provincials of the Religious Congregations.

Besides being a formator/accompanier at the Oblate Scholasticate, I was entrusted also with the task of editing and publishing our Oblate journal, ‘The Missionary Oblate’. To maintain the quality of the journal I continue to depend on Fr. Aloy for his thought-provoking and stimulating articles on Biblical Spirituality, Biblical Theology and Ecclesiology. I am very grateful to him for his generous assistance. Of late, his writings on renewal of the Church, initiated by Pope St. John XX111 and continued by Pope Francis through the Synodal path, published in our Oblate journal, enable our readers to focus their attention also on the needed renewal in the Catholic Church in Sri Lanka. Fr. Aloy appreciated very much the Synodal path adopted by the Jesuit Pope Francis for the renewal of the Church, rooted very much on prayerful discernment. In my Religious and presbyteral life, Fr.Aloy continues to be my spiritual animator / guide and ongoing formator / acccompanier.

Fr. Aloysius Pieris, BA Hons (Lond), LPh (SHC, India), STL (PFT, Naples), PhD (SLU/VC), ThD (Tilburg), D.Ltt (KU), has been one of the eminent Asian theologians well recognized internationally and one who has lectured and held visiting chairs in many universities both in the West and in the East. Many members of Religious Congregations from Asian countries have benefited from his lectures and guidance in the East Asian Pastoral Institute (EAPI) in Manila, Philippines. He had been a Theologian consulted by the Federation of Asian Bishops’ Conferences for many years. During his professorship at the Gregorian University in Rome, he was called to be a member of a special group of advisers on other religions consulted by Pope Paul VI.

Fr. Aloy is the author of more than 30 books and well over 500 Research Papers. Some of his books and articles have been translated and published in several countries. Among those books, one can find the following: 1) The Genesis of an Asian Theology of Liberation (An Autobiographical Excursus on the Art of Theologising in Asia, 2) An Asian Theology of Liberation, 3) Providential Timeliness of Vatican 11 (a long-overdue halt to a scandalous millennium, 4) Give Vatican 11 a chance, 5) Leadership in the Church, 6) Relishing our faith in working for justice (Themes for study and discussion), 7) A Message meant mainly, not exclusively for Jesuits (Background information necessary for helping Francis renew the Church), 8) Lent in Lanka (Reflections and Resolutions, 9) Love meets wisdom (A Christian Experience of Buddhism, 10) Fire and Water 11) God’s Reign for God’s poor, 12) Our Unhiddden Agenda (How we Jesuits work, pray and form our men). He is also the Editor of two journals, Vagdevi, Journal of Religious Reflection and Dialogue, New Series.

Fr. Aloy has a BA in Pali and Sanskrit from the University of London and a Ph.D in Buddhist Philosophy from the University of Sri Lankan, Vidyodaya Campus. On Nov. 23, 2019, he was awarded the prestigious honorary Doctorate of Literature (D.Litt) by the Chancellor of the University of Kelaniya, the Most Venerable Welamitiyawe Dharmakirthi Sri Kusala Dhamma Thera.

Fr. Aloy continues to be a promoter of Gospel values and virtues. Justice as a constitutive dimension of love and social concern for the downtrodden masses are very much noted in his life and work. He had very much appreciated the commitment of the late Fr. Joseph (Joe) Fernando, the National Director of the Social and Economic Centre (SEDEC) for the poor.

In Sri Lanka, a few religious Congregations – the Good Shepherd Sisters, the Christian Brothers, the Marist Brothers and the Oblates – have invited him to animate their members especially during their Provincial Congresses, Chapters and International Conferences. The mainline Christian Churches also have sought his advice and followed his seminars. I, for one, regret very much, that the Sri Lankan authorities of the Catholic Church –today’s Hierarchy—- have not sought Fr.

Aloy’s expertise for the renewal of the Catholic Church in Sri Lanka and thus have not benefited from the immense store of wisdom and insight that he can offer to our local Church while the Sri Lankan bishops who governed the Catholic church in the immediate aftermath of the Second Vatican Council (Edmund Fernando OMI, Anthony de Saram, Leo Nanayakkara OSB, Frank Marcus Fernando, Paul Perera,) visited him and consulted him on many matters. Among the Tamil Bishops, Bishop Rayappu Joseph was keeping close contact with him and Bishop J. Deogupillai hosted him and his team visiting him after the horrible Black July massacre of Tamils.

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A fairy tale, success or debacle

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Ministers S. Iswaran and Malik Samarawickrama signing the joint statement to launch FTA negotiations. (Picture courtesy IPS)

Sri Lanka-Singapore Free Trade Agreement

By Gomi Senadhira
senadhiragomi@gmail.com

“You might tell fairy tales, but the progress of a country cannot be achieved through such narratives. A country cannot be developed by making false promises. The country moved backward because of the electoral promises made by political parties throughout time. We have witnessed that the ultimate result of this is the country becoming bankrupt. Unfortunately, many segments of the population have not come to realize this yet.” – President Ranil Wickremesinghe, 2024 Budget speech

Any Sri Lankan would agree with the above words of President Wickremesinghe on the false promises our politicians and officials make and the fairy tales they narrate which bankrupted this country. So, to understand this, let’s look at one such fairy tale with lots of false promises; Ranil Wickremesinghe’s greatest achievement in the area of international trade and investment promotion during the Yahapalana period, Sri Lanka-Singapore Free Trade Agreement (SLSFTA).

It is appropriate and timely to do it now as Finance Minister Wickremesinghe has just presented to parliament a bill on the National Policy on Economic Transformation which includes the establishment of an Office for International Trade and the Sri Lanka Institute of Economics and International Trade.

Was SLSFTA a “Cleverly negotiated Free Trade Agreement” as stated by the (former) Minister of Development Strategies and International Trade Malik Samarawickrama during the Parliamentary Debate on the SLSFTA in July 2018, or a colossal blunder covered up with lies, false promises, and fairy tales? After SLSFTA was signed there were a number of fairy tales published on this agreement by the Ministry of Development Strategies and International, Institute of Policy Studies, and others.

However, for this article, I would like to limit my comments to the speech by Minister Samarawickrama during the Parliamentary Debate, and the two most important areas in the agreement which were covered up with lies, fairy tales, and false promises, namely: revenue loss for Sri Lanka and Investment from Singapore. On the other important area, “Waste products dumping” I do not want to comment here as I have written extensively on the issue.

1. The revenue loss

During the Parliamentary Debate in July 2018, Minister Samarawickrama stated “…. let me reiterate that this FTA with Singapore has been very cleverly negotiated by us…. The liberalisation programme under this FTA has been carefully designed to have the least impact on domestic industry and revenue collection. We have included all revenue sensitive items in the negative list of items which will not be subject to removal of tariff. Therefore, 97.8% revenue from Customs duty is protected. Our tariff liberalisation will take place over a period of 12-15 years! In fact, the revenue earned through tariffs on goods imported from Singapore last year was Rs. 35 billion.

The revenue loss for over the next 15 years due to the FTA is only Rs. 733 million– which when annualised, on average, is just Rs. 51 million. That is just 0.14% per year! So anyone who claims the Singapore FTA causes revenue loss to the Government cannot do basic arithmetic! Mr. Speaker, in conclusion, I call on my fellow members of this House – don’t mislead the public with baseless criticism that is not grounded in facts. Don’t look at petty politics and use these issues for your own political survival.”

I was surprised to read the minister’s speech because an article published in January 2018 in “The Straits Times“, based on information released by the Singaporean Negotiators stated, “…. With the FTA, tariff savings for Singapore exports are estimated to hit $10 million annually“.

As the annual tariff savings (that is the revenue loss for Sri Lanka) calculated by the Singaporean Negotiators, Singaporean $ 10 million (Sri Lankan rupees 1,200 million in 2018) was way above the rupees’ 733 million revenue loss for 15 years estimated by the Sri Lankan negotiators, it was clear to any observer that one of the parties to the agreement had not done the basic arithmetic!

Six years later, according to a report published by “The Morning” newspaper, speaking at the Committee on Public Finance (COPF) on 7th May 2024, Mr Samarawickrama’s chief trade negotiator K.J. Weerasinghehad had admitted “…. that forecasted revenue loss for the Government of Sri Lanka through the Singapore FTA is Rs. 450 million in 2023 and Rs. 1.3 billion in 2024.”

If these numbers are correct, as tariff liberalisation under the SLSFTA has just started, we will pass Rs 2 billion very soon. Then, the question is how Sri Lanka’s trade negotiators made such a colossal blunder. Didn’t they do their basic arithmetic? If they didn’t know how to do basic arithmetic they should have at least done their basic readings. For example, the headline of the article published in The Straits Times in January 2018 was “Singapore, Sri Lanka sign FTA, annual savings of $10m expected”.

Anyway, as Sri Lanka’s chief negotiator reiterated at the COPF meeting that “…. since 99% of the tariffs in Singapore have zero rates of duty, Sri Lanka has agreed on 80% tariff liberalisation over a period of 15 years while expecting Singapore investments to address the imbalance in trade,” let’s turn towards investment.

Investment from Singapore

In July 2018, speaking during the Parliamentary Debate on the FTA this is what Minister Malik Samarawickrama stated on investment from Singapore, “Already, thanks to this FTA, in just the past two-and-a-half months since the agreement came into effect we have received a proposal from Singapore for investment amounting to $ 14.8 billion in an oil refinery for export of petroleum products. In addition, we have proposals for a steel manufacturing plant for exports ($ 1 billion investment), flour milling plant ($ 50 million), sugar refinery ($ 200 million). This adds up to more than $ 16.05 billion in the pipeline on these projects alone.

And all of these projects will create thousands of more jobs for our people. In principle approval has already been granted by the BOI and the investors are awaiting the release of land the environmental approvals to commence the project.

I request the Opposition and those with vested interests to change their narrow-minded thinking and join us to develop our country. We must always look at what is best for the whole community, not just the few who may oppose. We owe it to our people to courageously take decisions that will change their lives for the better.”

According to the media report I quoted earlier, speaking at the Committee on Public Finance (COPF) Chief Negotiator Weerasinghe has admitted that Sri Lanka was not happy with overall Singapore investments that have come in the past few years in return for the trade liberalisation under the Singapore-Sri Lanka Free Trade Agreement. He has added that between 2021 and 2023 the total investment from Singapore had been around $162 million!

What happened to those projects worth $16 billion negotiated, thanks to the SLSFTA, in just the two-and-a-half months after the agreement came into effect and approved by the BOI? I do not know about the steel manufacturing plant for exports ($ 1 billion investment), flour milling plant ($ 50 million) and sugar refinery ($ 200 million).

However, story of the multibillion-dollar investment in the Petroleum Refinery unfolded in a manner that would qualify it as the best fairy tale with false promises presented by our politicians and the officials, prior to 2019 elections.

Though many Sri Lankans got to know, through the media which repeatedly highlighted a plethora of issues surrounding the project and the questionable credentials of the Singaporean investor, the construction work on the Mirrijiwela Oil Refinery along with the cement factory began on the24th of March 2019 with a bang and Minister Ranil Wickremesinghe and his ministers along with the foreign and local dignitaries laid the foundation stones.

That was few months before the 2019 Presidential elections. Inaugurating the construction work Prime Minister Ranil Wickremesinghe said the projects will create thousands of job opportunities in the area and surrounding districts.

The oil refinery, which was to be built over 200 acres of land, with the capacity to refine 200,000 barrels of crude oil per day, was to generate US$7 billion of exports and create 1,500 direct and 3,000 indirect jobs. The construction of the refinery was to be completed in 44 months. Four years later, in August 2023 the Cabinet of Ministers approved the proposal presented by President Ranil Wickremesinghe to cancel the agreement with the investors of the refinery as the project has not been implemented! Can they explain to the country how much money was wasted to produce that fairy tale?

It is obvious that the President, ministers, and officials had made huge blunders and had deliberately misled the public and the parliament on the revenue loss and potential investment from SLSFTA with fairy tales and false promises.

As the president himself said, a country cannot be developed by making false promises or with fairy tales and these false promises and fairy tales had bankrupted the country. “Unfortunately, many segments of the population have not come to realize this yet”.

(The writer, a specialist and an activist on trade and development issues . )

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