Sri Lanka, China to sign another economic deal


Sri Lanka and China are to sign a comprehensive economic cooperation agreement shortly in a bid to further enhance strong bilateral ties currently being enjoyed.

This matter was discussed when the new Ambassador to People’s Republic of China Wu Jianghao paid a courtesy call on Lankan Economic Development Minister Basil Rajapaksa last week.

The Minister and the Ambassador reviewed the present status of trade and economic relations and the Ambassador suggested that a comprehensive plan on economic cooperation between Sri Lanka and China should be prepared to be signed by the leaders of the two countries,” the Economic Development Mini-stry said in a statement following the meeting.

The Ambassador had also said that many Chinese investors were interested in investing in Sri Lanka and establishing trade and commercial ventures here.

Ambassador Jianghao invited Rajapaksa to visit China with a trade and economic delegation, adding that he would arrange a visit by Chinese investors and traders to Sri Lanka since many Chinese entrepreneurs had frequently expressed interest in Sri Lanka.

China was a true friend of Sri Lanka. She didn’t want to act as a monitor but always worked as a partner and didn’t interfere in the country’s affairs. China didn’t bring unnecessary pressure on Sri Lanka but always stood for Sri Lanka in the international arena,” Basil said.

China was involved with many development projects in Sri Lanka with her own funds extended to Sri Lanka as development assistance but some projects were offered to China as a result of international bidding,” he added.

Jianghao said China would never forget the help extended by Sri Lanka at some critical occasions, noting that the relationship between the two countries started 1,600 years ago and had been strengthened since then day by day. Sri Lanka signed the rubber and rice pact when other countries had stopped selling rubber to China.


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