Home / Knowledge / News / Apparel/Garments / Sri Lankan garment sector to gain from FTA with China
Sri Lankan garment sector to gain from FTA with China
Oct '13
Mr. Rajapaksa (L); Mr Jianhua (R)
Mr. Rajapaksa (L); Mr Jianhua (R)
A Free Trade Agreement (FTA) proposed between Sri Lanka and China will assist Sri Lanka to develop its garment and handloom textile industries as a way to eliminate poverty in rural areas.
According to a statement issued by the Ministry of Economic Development of Sri Lanka, A Chinese delegation led by the Deputy International Trade Representative of the Ministry of Commerce of China Yu Jianhua, met with the Economic Development Minister Basil Rajapaksa, at the Ministry in Colombo for discussions on the subject
Mr. Yu Jianhua said Chinese investors will contribute to develop Sri Lanka’s garment and handloom textile industries and find international markets for the products, thus helping to reduce unemployment among rural women in the country.
The present level of the development in the country’s economy is very impressive, he added.
According Minister Jianhua, the proposed China-Sri Lanka (FTA) is the biggest leap since the Rubber-Rice Pact in 1952 and emphasized that Sri Lanka is a priority country for China.
The Chinese Minister pledged full assistance to Sri Lanka’s development programmes and praised the Government’s effort to develop the island’s agriculture.
On his part, Minister Basil Rajapaksa, stressed the need to find alternative jobs for women to reduce unemployment among them and explained to the Chinese Minister the steps Sri Lankan Government is taking to eliminate poverty in the country.
The Sri Lankan Minister also expressed hope that many Chinese tourists would visit Sri Lanka in the coming months and added that 100 Chinese travel agents had already agreed to bring in tourists from China.
Industry and Commerce Ministry Secretary Anura Siriwardena, Sri Lanka's Ambassador in China Ranjith Uyangoda, Commercial counselor—Department of Asian affairs Wang Liping and the Department's deputy director Huang Sangfeng also participated in the discussion at the Ministry.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Indonesian garment exports to remain stable in 2017: API

Garment exports from Indonesia are likely to remain stable this year...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search