Between Sri Lanka and China:

New deal to improve business relations

The People's Government of Yunnan Province of China, with a view to improving business relations between Sri Lanka and the Yunnan Province, has organized the "Sri Lanka-Yunnan (China) Exchanges and Co-operation Promotion" for the first time in Sri Lanka, said Prime Minister D M Jayaratne at the inaugural session of the grand event held at Hilton Colombo today (01).

He added that in order to facilitate the delegates interacting with the business community in Sri Lanka, the People's Government of Yunnan Province will host the "Sri Lanka-Yunnan Exchange Co-operation Promotion" followed by four parallel Breakout Business Sessions on Business and Investment, Tourism, Education, Gems and Jewellery (Mining) which will see the participation of a large number of delegates from the Sri Lankan business community.

"Newly developing countries such as Sri Lanka are compelled to utilize new and advanced technology to improve the productivity of their ventures. As poor countries such as Sri Lanka cannot afford to acquire these technologies, they tend to stick onto old low productive methods using manual techniques in their industries and production. Therefore the developed nations must take immediate steps to share technological know how in a bid save the developing countries from the vicious cycle of poverty."