Home / Knowledge / News / Govt plans to strengthen trade with Sri Lanka
Govt plans to strengthen trade with Sri Lanka
08
Aug '08
In order to strengthen the bi-lateral trade ties with Sri Lanka, Chen Deming, Commerce Minister of China held a meeting Mahinda Rajapaksa, the Sir Lankan President in Beijing, yesterday.

The Government of China has shown great amount of interest in making investments in Sri Lanka in order to help the nation develop its economy. The Commerce Minister assured the President of starting various projects in Sri Lanka this year.

The stage IV of new Trade Agreement will get over soon, under which China will offer concession to Sri Lanka for boosting its exports. The Government is also planning to set up textiles as well as light industries in Sri Lanka as it is considered to be an ideal location.

The bi-lateral trade between China and Sri Lanka had increased around 28 percent which has made both the nations all the more firm for enhancing two way trade.

The export value of China rose to almost 28.6 percent this year and its import of various products also witnessed a boost of nearly 30 percent. The over all trade balance saw a slight rise of 3.42 percent as against 2.66 percent in 2007.

The officials also discussed regarding the benefits Sri Lanka will have, by setting up special investment zone at the upcoming Chinese International Investments and Trade Council.

Some of the bureaucrats present at the meeting yesterday included Dr P B Jayasundara, Finance Secretary, Karunatilleke Amunugama, Ambassador, Gamini Senarath, Presidential Additional Secretary as well as members from Embassy.


Must ReadView All

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Vietnam’s textile & garment exports cross $26 bn till Nov

Textiles | On 18th Dec 2017

Vietnam’s textile & garment exports cross $26 bn till Nov

Vietnam earned $26.844 billion from textile and garment exports in...

Rotex Fabrics grows production with Bruckner stenters

Textiles | On 18th Dec 2017

Rotex Fabrics grows production with Bruckner stenters

The South African company, Rotex Fabrics, which is a knitter, dyer,...

Interviews View All

Top executives
Textile & apparel bodies

The decision is transformational

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Mike Hoffman
Gildan Activewear SRL

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search