The economic and trade relations between Sri Lanka and China have witnessed continuous development and in 2016 the bilateral trade had reached US$ 4.56 billion, said Xiong Meng, Executive Vice-Chairman and Secretary General of China Federation of Industrial Economics (CFIE).
Meng said that China has become the largest trade partner and one of the most important investment countries in Sri Lanka. He made these observations addressing the Sri Lanka Economic and Investment Conclave held in Colombo recently.
China has invested in the Colombo Port City project which will create thousands of employment opportunities, enhance Sri Lanka’s global shipping trade hub position, develop Sri Lanka economy and achieve a win-win situation for both countries.
He said the “Belt and Road Industrial and Commercial Alliance (BRICA)”, which was founded by CFIE, is willing to contribute to the development of economic and trade relations between Sri Lanka and China.
“Because of the conclave (SEIC 2017) we have established good relations with the Colombo Chamber of Commerce and the other business associations. We invite them to join BRICA, provide more business opportunities to Sri Lankan companies and develop the Sri Lanka economy,” Meng said.
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