Feb 23, 2009 (LBO) – Chinese businesses are eying Sri Lanka’s regional and international trade concessions and strategic geographical location as a window into European Union and other Asian markets, a visiting Chinese trade official said.
“The geographical location of Sri Lanka is good. It can be used as a window into other Asian and European countries,” said Wang Shicheng, vice president of China National Light Industry Council, who is leading a 50-member trade team from China.
“This is the best way for both our economies to form a business co-operation arrangement.
“We are interested in looking at those opportunities where both our countries can benefit,” said Shicheng.
Currently Sri Lankan has signed Free Trade Agreements with its South Asian neighbors, India and Pakistan, which allows Sri Lankan manufactured goods concessionary access to their markets.
In addition, the GSP Plus scheme gives tax advantages to Sri Lankan products exported to EU markets such as apparels.
Anura Yapa, Minister of Investment Promotion, said he hoped the team’s visit to the island would enhance economic relations between the two countries.
“With rising Chinese tourist arrivals into this country, the growing trade betwee