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12 Apr

'Colombo Port City to begin work soon'

'Colombo Port City to begin work soon'

Colombo Port City, the biggest Chinese invested project in Sri Lanka will move on, Board of Investment Chairman, Upul Jayasuriya said.

Speaking at the Sri Lanka China Business Forum and B2B Meetings he said that the project will be in action sooner than later. "There are some environmental issues that needs to be attended and solutions found for. After that the project will re-commence."

Jayasuriya also said Sri Lanka introduced the open economy in 1978 even before Malaysia, Indonesia, India, Pakistan and many other countries. However, due to the war situation in the country Sri Lanka fell back. However with peace, Sri Lanka today is a place much sought after by many."

He said in addition to peace, a corrupt free society where 'fair play' and 'rule of law' is effective is a must for investors. This too has now being created," he said.

Jayasuriya said that one of the biggest finance of Sri Lanka China relationships will be the implementation of the FTA. "This China Lanka FTA should have taken place before, since Chinese investments increased in the last decade.

He also said that this visit by the Chinese entrepreneurs will further help to increase trade and investment between the two countries.

Chamber of Commerce Secretary General and CEO Mangala P B Yapa said this is the biggest ever Chinese business delegation. The Sri Lanka-China Business Forum is jointly organized by the Beijing Lansing Century Exhibition Company in association with the Ceylon Chamber of Commerce.

"Persistent efforts needs to taken, both at the government as well as the private sector level for a comprehensive engagement to market both our nations together, as partners in progress," he said.

"Trade between our two countries have increased rapidly during last couple of years. We also observe the increased number of tourists visiting Sri Lanka due to many promotional campaigns organized by the Sri Lanka Tourism Development Authority in China. We wish to encourage more Chinese tourists to visit Sri Lanka."

"In November 2014, the Chamber was instrumental in leading a successful business promotion mission to China, that included 22 leading business entities and we are glad to note that this mission resulted in several trade agreements were concluded to export products from Sri Lanka to China," he recalled.

Deputy Division Director, Liaoning Provincial Bureau of Foreign Trade and Economic Corporation Sui Yetuo said the 48 member delegation includes members from electronic to heavy industries sector.

He said that the visit by President Maithripala Sirisena to China has given their investors further confidence to invest in Sri Lanka. 
(12062015)



'Colombo Port City to begin work soon'

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