Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* China, Sri Lanka agree to conclude the Free Trade Agreement before the end of 2014
Thu, Feb 13, 2014, 12:53 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 13, Beijing: Sri Lanka's External Affairs Minister Prof. G. L. Peiris has said that the Sri Lanka-China Free Trade Agreement in promoting mutually beneficial trade was expected to be concluded before the end of this year.

The External Affairs Ministry Wednesday said in a statement said that during discussions between Minister Peiris and China's Vice-President Li Yuanchao Tuesday, China agreed to fast track negotiations to conclude the Free Trade Agreement.

Prof. Peiris, as a Special Envoy of President Mahinda Rajapaksa, is currently on a four-day official visit to Beijing at the invitation of his Chinese counterpart Wang Yi.

In an exclusive interview with Xinhua before concluding his visit, the Sri Lankan Minister has said that the feasibility study on a FTA is nearing completion.

"The feasibility study is on the verge of completion. It will be a landmark, historic achievement since the Rubber-Rice Pact in 1952," Peiris has said.

Sri Lanka is targeting an economic growth of 7.5 percent for 2014 and finalizing an FTA with China as soon as possible will help Sri Lanka to achieve the targeted growth.

Minister Peiris during his meeting with the Chinese Vice-President has discussed improving bilateral trade and tourism as important modules in achieving the full potential of the strategic co-operative partnership between the two countries.

Noting the extensive increase in Chinese out-bound tourists, Vice-President Li has supported broadening the scope for Sri Lanka to explore tourism promotion opportunities in China as a further means of strengthening people to people interactions.

China has endorsed Sri Lanka's proposal to constitute a Joint Commission mechanism between the two countries at the level of Foreign Ministers in enabling periodic review of the comprehensive partnership between the two countries.

The Vice-President Li has identified Sri Lanka to be an important component of the Maritime Silk Route and has invited the country to play an important role in this initiative. Minister Peiris has welcomed the proposal as a means of strengthening co-operation in respect of maritime matters among the countries of the region.

ColomboPage - Recent 10 Stories
Sri Lanka's Hatton National Bank to issue Rs. 4 billion debentures
-- [2 hours ago]
Sri Lanka's JVP and JHU take time to announce support to the common opposition candidate
-- [3 hours ago]
Local politician shot in first presidential poll-related incident in Sri Lanka
-- [3 hours ago]
Minister Anura Priyadarshana Yapa appointed as general secretary of Sri Lanka Freedom Party
-- [4 hours ago]
Another ruling alliance MP of Sri Lanka joins the opposition
Sri Lanka launches first ever parliamentary caucus for children with UNICEF support
President declares open another mega housing complex for underserved communities in Sri Lankan capital
U.S. EPA welcomes Sri Lankan capital city's participation in Cities Clean Air Partnership Program
BJP leader seeks ban on Sri Lanka terrorist leader's birth anniversary celebrations in Tamil Nadu
Sri Lankan court extends remand of 24 Indian fishermen till Dec 05

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.