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Sri Lanka promotes trade with China at Fujian-SL Economic and Trade Cooperation Conference

Sri Lanka promotes trade with China at Fujian-SL Economic and Trade Cooperation Conference

The Consulate General of Sri Lanka in Guangzhou in collaboration with the Department of Commerce of Fujian Province organized the Fujian-Sri Lanka Economic and Trade Cooperation Online Matchmaking Conference recently with the participation of Sri Lanka’s Export Development Board (EDB).
The Conference promoted and sought buyers for selected export product sectors of Sri Lanka, including rubber products, Ayurvedic and herbal products, gem and jewelry and food products including spices, coconut products and Ceylon Tea, the Daily FT stated.
According to local media reports, there were over 11,000 online participants with over 40 offline participants in Fujian, consisting of government officials, enterprises and media at the conference.
The Conference had held three segments consisting of speeches, promotion and interaction.
The EDB, 51 Sri Lankan companies and representatives from Sri Lanka’s Board of Investment (BOI), Department of Commerce, Sri Lanka Tea Board, Coconut Development Authority, National Gem and Jewellery Authority had participated online from Sri Lanka.
Gemmological Association of Fujian with eight gem and jewelry companies, several food and tea supply chain e-commerce platforms and the Department of Commerce of Fujian had participated from Fujian in the Conference.
Prior to the commencement of the conference Consul General of Sri Lanka to Guangzhou Priyangika Dharmasena had reportedly briefly met the Director General of the Fujian Department of Commerce Wu Nanxiang and both sides discussed enhancing further economic cooperation between Fujian Province and Sri Lanka.

OSL take:

Sri Lanka is currently exploring ways of further strengthening trade ties enjoyed by the two countries. With China playing a key role in Sri Lanka’s development program as well as placing much prominence on the island through it’s Belt and Road Initiative (BRI), Sri Lanka provides many business/investment opportunities to Chinese businesses/investors. Sri Lanka has already participated in trade promotions in several provinces in China and received positive feedback from the Chinese market. Given that Sri Lanka is is poised to become a business hub in the South Asian region enjoying many trade agreements as well as trade concessions, Chinese business/investors could explore the growing opportunities in Sri Lanka and vice versa.

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Article Code : VBS/AT/13082021/Z_4

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