Sri Lanka launches online platform in China to promote exports and investments
The Sri Lanka Embassy in Beijing has reportedly assisted Hairong Technology Co. Ltd. to organise the introduction of the Sri Lanka Online Platform, along with an investment promotion seminar (SEIC 2021) at the Embassy recently.
The main objective of the event was to provide an online platform for Sri Lankan exporters seeking to access the lucrative Chinese market and this platform will encourage potential investors to explore the opportunities available in Sri Lanka as well, local media reports stated.
The platform was officially launched by Ambassador of Sri Lanka to China Dr. Palitha Kohona and Hairong Technology General Manager John Pan.
The invitees had included presidents of state-owned enterprises in China and CEOs of private companies.
Ambassador Dr. Kohona has reportedly invited the investors to consider Sri Lanka as their first choice for investment.
He has said that the political stability, the relatively better performance in controlling the pandemic, and the vaccination drive are some of the recent developments which should encourage investor confidence.
He has explained the Sri Lankan government’s tax policy, especially corporate taxes, legal guarantees for investment protection, etc.
Ambassador Dr. Kohona has requested potential investors to consider the new opportunities available in Colombo Port City, the Hambantota Industrial Zone, the Eravur Fabric Park, and the other Free Trade Zones in Sri Lanka, according to local media reports.
Ambassador Dr. Kohona has also noted that Sri Lanka will welcome tourists subject to the health protocols.
Sri Lanka tourism videos were screened following the Ambassador’s speech.
China Metallurgical Group (MCC) Vice President Xu Xiangchun and Jon Pan have also spoken at the event where they had shared their experiences of investing in Sri Lanka.
These were followed by a Q&A session by the Ambassador and Senior Managers from Chinese enterprises with experience in Sri Lankan.
Sri Lanka and China enjoy strong bilateral and trade ties. The island also figures prominently in China’s Belt and Road Initiative (BRI), which has also boosted trade and economic ties between the two countries. China is one of Sri Lanka’s key development partners and is also engaged in partnering many development programmes including the Colombo Port City project. Sri Lanka is also fast becoming a business hub in the South Asian region given its geographical positioning in the Indian ocean. Given the strong ties between Sri Lanka and China, Chinese businesses/investors could confidently explore business/investment opportunities in Sri Lanka. Also, foreign businesses/investors interested in doing business with China could look at setting up base in Sri Lanka to engage with China.
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