China grants 500mn Yuan symbolizing Sino-Lanka friendship


Apr 08, 2016 (LBO) – Chinese Premier Li Keqiang has pledged a grant of 500 million Yuan to Sri Lanka symbolizing Sino-Lanka friendship, the Prime Minister’s office said.

Chinese Premier has told the Sri Lankan delegation that the Free Trade Agreement is expected to be signed soon reducing the trade gap between the two countries.

Keqiang has also pledged to support the development of the second stage of Hambanthota Port.

Following an invitation extended by Sri Lanka’s PM, the Chinese Premier is expected to visit Sri Lanka next year.

In addition to bilateral discussions held with the Chinese Premier, several agreements were also signed.

– Minister Malik Samarawickrama signed an MoU between the Ministry of Commerce of China and the Ministry of National Policy and Economic Development on fully promoting investment, economic and technical corporation between the two countries.

– Foreign Minister Managala Samaraweera signed the treaty between China and Sri Lanka on extradition.

– Governor, Central Bank Arjuna Mahendran signed the Comprehensive Corporation agreement between China Development Bank and the Monetary Board of the Central Bank.

– Prof Sirimali Fernando, on behalf of National Science Foundation, signed an agreement with the China National Science Foundation for research funding.

– Karunasena Kodituwakku, Sri Lankan Ambassador to China, signed an exchange of letter for a kidney mobile screening vehicle project between China and Sri Lanka.