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Sunday, 05 February 2017 - 8:09
Free Trade Agreement with China this year
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Sri Lanka aims to finalise a free trade agreement with China this year and Prime Minister Ranil Wickremesinghe will visit Beijing in May.

Sri Lankan ambassador Karunasena Kodituwakku in an interview with Reuters had said admitted that Chinese officials had expressed concern to him about the controversy over Hambantota, though he said the numbers protesting were small.

China's One Belt, One Road aims to build land corridors across South-east Asia, Pakistan and Central Asia, as well as maritime routes opening up trade with the Middle East and Europe.

China signed a deal with Sri Lanka late last year to further develop the strategic port of Hambantota and build a huge industrial zone nearby - a key part of Beijing's ambitions to create a modern-day Silk Road across Asia.

The Sri Lankan Ambassador to China also stated that this is our 65th anniversary of trade relations with China and this will be the best way to commemorate, by signing a free trade agreement.
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