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Sri Lanka Supports China’s Initiative of a 21st Century Maritime Silk Route

Sat10202018

Last update6:42:58 UTC 2018


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Sri Lanka Supports China’s Initiative of a 21st Century Maritime Silk Route

Sri Lanka and China

A delegation led by the Director General, Department of the National Development and Reforms Commission of the People’s Republic of China, is scheduled to visit Sri Lanka from 22nd to 25th February, to discuss further the broad parameters of bilateral economic cooperation.

 

Following closely on the heels of the official visit by Professor G.L. Peiris, Minister of External Affairs to Beijing, where both sides discussed the establishment of a 21st Century Maritime Silk Route Economic Belt with the aim of integrating countries in the maritime silk route for comprehensive economic co-operation enabling common growth and prosperity, this visit will give an added impetus to opportunities accruing to Sri Lanka in the context of promoting the country as a regional “commercial hub”.

 

Professor Peiris, in expressing support for this concept, noted that the new initiative would be a catalyst in giving practical orientation to the “Strategic Co-operative Partnership” adopted by the leaders during the State visit of President Mahinda Rajjapaksa to China, in May last year. The Chinese dignitaries in their discussions with the Minister of External Affairs in Beijing, reiterated the need to give consideration to each other’s own national development strategy, while advancing practical co-operation, deepening the integration of interests and strengthening support for each other.

 

The two countries are giving priority to fast tracking the proposed Free Trade Agreement between Sri Lanka and the People’s Republic of China. The feasibility survey is on the verge of completion, and the rest of the process is to be expedited.

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