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Gnanasara thero said this in yesterday

04 March 2016


Sri Lanka aims to implement FTA with China

Sri Lanka aims to implement a Free Trade Agreement (FTA) with China in order to have preferential access to a market of 1.3 billion people, the country’s state investment agency said.

Both countries had recognized the benefits that can be leveraged through the positive relationship between trade and investment, the Board of Investments (BoI) said in a statement.

The island nation already has preferential trade agreements with India and Pakistan.

Sri Lanka had also drawn attention to possible Chinese involvement in the government’s development plans, such as the Western Region Megapolis project, which includes infrastructure development, involving elevated highways, light railway and utilities as well as housing and commercial real estate.

The BoI said that the Sri Lankan government had also informed China that it was accelerating the implementation of ongoing Chinese project in the island nation and aimed to attract more Chinese tourists to visit Sri Lanka.

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