Sri Lanka, Beijing business chambers in deal to promote commercial ties

ECONOMYNEXT – Sri Lanka’s main business organisation, Ceylon Chamber of Commerce and the Beijing Chamber of International Commerce have signed an agreement o work together to promote trade and commercial ties between the two countries.

“The agreement will enable both parties to work together to promote trade and investment, by sharing information with regard to trade, technical transfer, economic cooperation and also exchange of important publications,” a statement said.

The Memorandum of Understanding will also particularly focus on helping the small and medium sized enterprises of both nations.

“It is time Sri Lanka and China develop a business-to-business relationship, extending from the present government-to-government relationship,” said Mangala P. B. Yapa, Secretary General of the Ceylon Chamber of Commerce.

Yu Haibo, Deputy Director General of the Beijing Chamber of International Commerce, said the Chinese chamber will help Sri Lankan exporters to enter the Chinese market.

Chinese imports to Sri Lanka during the year 2014 were 3.4 billion US dollars while Sri Lankan exports to China were 173 million dollars.  (Colombo/September 21 2015)
 

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