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DateLine Friday, 1 August 2008

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Move to tighten Sino-Lanka trade ties

Ceylon Chamber of Commerce and the Chinese Embassy in Colombo organised an event to promote trade between Sri Lanka and China at Hotel Galadari recently. The programme included a catalogue exhibition and a seminar under the title 'Doing Business with China'.

The main presentations at the seminar was delivered by Zhang Yun from the Chinese Embassy. Zhang Yun from the Chinese Embassy reminded the old ties the Sri Lanka government had with China starting from 1952 Rubber - Rice pact.

In 1957 diplomatic relations started and much progress has been made in bilateral relations between the two countries.

She appreciated the Sri Lankan government's commitment to the One China policy. Today China remains the fourth largest trading partner with Sri Lanka. China exports boilers, cotton, textile fibres, fabrics and machinery.

Sri Lanka exports coconut products, tea, rubber and apparel. Hence there exist a reasonable trade balance between the two trading partners. China's investment in terms of BOI statistics by 2005 was around 11.66 million she declared. She is closely monitoring the working of trade agreements Sri Lanka government has signed with the neighbours.

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