FTA with China next year, new port city agreement byAugust

china-sl-flagThe Government hopes to sign a proposed Free Trade Agreement with China next year, Prime Minister Ranil Wickremesinghe said today.

The Prime Minister said Sri Lanka and China will establish stronger diplomatic relations keeping the future in mind.

He also said that a new agreement is to be signed by August with the Chinese company involved in the port city project.

Wickremesinghe said that under the new agreement the Chinese company, China Harbour Engineering Company Ltd (CHEC), will have rights to the port city land under a 99 year lease.

He also said that the port city will be converted into an economic hub to be in line with economic hubs in Singapore and Dubai.

China Harbour Engineering Company Ltd is also involved in the Hambantota dockyard project which is to be completed this year.

The Prime Minister said the Government is also in talks with India and Japan to sign deals on various projects.

He said Japanese assistance has been sought to construct an elevated highway in Colombo to ease the traffic congestion.

Wickremesinghe said the foreign policy of the new government has resulted in foreign assistance pouring in to Sri Lanka. (Colombo Gazette)

1 COMMENT

  1. Why do I believe China must lead Asia.

    South Asia was ruled by the West for almost 500 years. The West knows too well about South Asians, therefore it will be too easy to undermine them. South Asians are too close and too fearful to the West. South Asia’s foreign policy is similar to Singapore’s foreign policy. It is fine for Singapore, because it is a dot in the world map. But for the region which has the largest population in the world to have similar foreign policy as Singapore is shame for the majority Asians who are in billions, and disgraceful for Gandhi who fought to free South Asia from the West. The West knows how to trick South Asian leaders so well, so they keep away from smart South Asians to remain under the West. As the largest region in population in the world it couldn’t even get a gold medal during the last Olympics Games in London. How can we expect them to lead Asia?

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