The Chinese Government slammed US President Donald Trump saying the Trump administration has unilaterally adopted a number of trade protection measures, which might trigger a global trade war that would affect the whole world.
China also noted that as long as it adheres to trade liberalization and economic globalization, Sri Lanka’s great dream of becoming an important economic center in Asia would surely be realized in coming years.
China is willing to work together with all countries, including Sri Lanka, to safeguard the multilateral trading system, promote further development of economic globalization, build a new form of international relations and a community of shared destiny, so as to bring greater welfare and brighter future to the people of the world.
The Chinese Ambassador to Sri Lanka, Cheng Xueyuan said that the dangerous measures taken by the US of unilateralism and protectionism are very likely to seriously damage the global economy that is undergoing a difficult recovery, impacting on everyone, in one way or the other.
“From a deeper perspective, how countries around the world respond to these challenges is a matter of principle: whether or not we will follow international trade rules, defend the multilateral commercial system, and promote economic globalization? We once again stand at the crossroads of human history, and have a major choice to make between openness and isolation, between progress and retreat,” he said today.
He says it is gratifying to note that more and more countries, including Europe, Japan, India, and Singapore etc., choose to support trade liberalization and economic globalization in various ways. At the same time, many insightful people from the US political, business and academic community also came forward to explicitly oppose trade protectionism. The Ambassador said this fully demonstrates that economic globalization is still the trend in the world, and the “isolated island” of protectionism will eventually be abandoned by this wave.
Cheng Xueyuan said that both China and Sri Lanka have benefited from the WTO and global trade rules, which have contributed to China’s reform and opening up, and also made Sri Lanka a jewel in the Indian Ocean.
“Sri Lanka, with its unique geographical location, has always been actively participating in economic globalization. Under the guidance of the important consensus reached by the leaders of our two countries, the framework of the Belt and Road Initiative, and the tide of economic globalization, Sino-Sri Lanka pragmatic cooperation has developed rapidly. The comprehensive development project of the Hambantota Port has proceeded smoothly and Sri Lanka has added a new important portal to the outside world. The construction of the Port City Colombo is steadily progressing day by day, on which many overseas investors have shown strong interest,” he said.
The Ambassador said that the Economic Corridors of Colombo-Hambantota and Colombo-Kandy are also set to flourish and with all these collaborative efforts, economic development of the island nation is expected to embark on the fast track. (Colombo Gazette)