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Meeting minutes – SLAEAJ Meeting in Sri Lanka after the budget.
[14 November, 2012]

Meeting minutes – SLAEAJ Meeting in Sri Lanka after the budget.As you all know, we organized a special meeting in Sri Lanka last Tuesday just after the budget to discuss matters would occur in the automobile industry in Sri Lanka as well as our next business model of the SLAEAJ.

The meeting was held in Sri Lanka at the following date with our members successfully.

Date : 13/11/2012

Time : 19.30 PM

Participated members :Jagath Ramanayake (Rama DBK), Saman Priyankara (Sayuri International), Jitendra Samarawikrama (Sweeny Jewelers), Wasantha Perera ( VKS Auto Japan)

Matters discussed :

New duty after the budget.
The duty for permit holders has increased but they have been informed that the duty rates apply for the LC opening date.(This is the first time in the Sri Lankan history that the duty rules remains unchanged for LC opened vehicles) How can the SLAEAJ address this problem?

Vehicles held at the Colombo Port.
There was a request from our member Mr. Batuwatta to contact local authorities and ask for a demurrage waver. The members agreed to contact Hon. Minister Sarath Amunugama and discuss this matter. Mr. Ali will setup this meeting soon.

All members stock to been shown in the SLAEAJ web.
We managed to get most of our member stock displayed on the SLAEAJ web page. This will be a very good opportunity for our members to show there solidarity in Japan and give confidence to foreign customers to do business with these companies. Up to now only few members had the ability to show their stock but we will increase this facility for all members soon.

The Joint company for the members.
Everybody agreed that issuing of shares was the best way to start this project. We will be consulting some experts on this within this year.

Myanmar visit.
A quotation for this tour was received form Legend Travels by Mr. Jitendara and was presented. The cost was JY. 120,000 ~ 140,000 for 5 day 3 nights stay ( the hotel was The Traders Hotel ) The members agreed the prices was reasonable. We will inform all the members and confirm the dates. Also the members confirmed that Mr. Somasena’s presents is important too.

AGM and JUMVEA events.
This will be held on the 5th December 2012, All member participation is very important. As discussed we will hold elections for the office-bearers on this date.