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Sri Lanka, China trade chambers eye mutual benefits for SMEs


Sep 21, 2015 (LBO) – Sri Lanka’s business chamber on Monday signed a memorandum of understanding with their Beijing counterpart to work together to promote trade and commercial ties between the two countries.
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The MOU looks forward to share information with regard to trade, technical transfer, and economic cooperation, the Ceylon Chamber said in a statement.
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Its primary focus would be helping the Small and Medium sized enterprises of the two nations. Sri Lanka and China has a large trade gap with the trade balance is in favor of China.
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Chinese imports to Sri Lanka in 2014 stands at a massive 3.
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4 billion US dollars, while Sri Lankan exports to China stands at 173 million US dollars.
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Speaking at the event Yu Haibo, Deputy Director General of the Beijing Chamber of International Commerce said they will help Sri Lankan exporters to enter the Chinese market.
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Head of Ceylon Chamber, Mangala Yapa said it is time to develop Business to Business relationship, extending from the present government to government relationship.
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