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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2527

High powered Chinese delegation in Sri Lanka to explore investment and business climate

By Quintus Perera - Asian Tribune

Colombo, 20 May, (Asiantribune.com): In a bid to explore business opportunities and joint ventures in Sri Lanka, a high powered Chinese Trade Delegation comprising of 13 members of the Chinese Council for the Promotion of International Trade (CCPIT) led by Yu Ping, Vice Chairman, CCP has met a delegation of the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) last week.

The Chinese delegation was interested to have a good understanding of the investment climate and investment incentives available to foreign investors in Sri Lanka. FCCISL and CCPIT meeting at FCCISL office signed a memorandum of understanding (MOU) in providing information and consultation services, receiving visiting groups from the either country, organizing member enterprises to attend large scale economic and trade activities held in two countries and annual mutual visits for high-level personnel to discuss mutual trade matters.

During the meeting Chinese have shown interest in rubber products of Sri Lanka. One Sri Lankan Company wants to have a joint venture with them to manufacture rubber products and export them to China. Some coconut producers wanted to have a joint venture with Chinese to produce coir fiber produces and export them to China.

Chinese have also shown interest in our packaging industry on a joint venture they want to put up a plant to produce packaging material and in the meantime to train on the latest packaging technology for 30 Sri Lankans.

In the meantime, Sri Lankan Airlines wants to promote the MICE in China and the Chinese delegates have undertaken to consult necessary authorities and to come back with some concrete proposals.

- Asian Tribune -

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