Sri Lanka to sign free trade agreement with ChinaStaff Writer | February 6, 2017
Sri Lanka is to sign a free trade agreement with China this year to boost economic ties.
Trade deal China and Sri Lanka are major business partners
"2017 is the 69th anniversary of Sri Lanka and the 60th year of the establishment of diplomatic relations with China," said Kodituwakku, adding that "the best way to remember the friendship of both countries is to sign a free trade agreement."
2017 is also the 65th anniversary of the Rubber-Rice Pact between China and Sri Lanka.
China and Sri Lanka are major business partners, yet exports to China takes up less than 5% of Sri Lanka's total exports, much less than the 40% to Europe and the 25% to America, said Consulate General of Sri Lanka in Shanghai Lakshitha Pradeep Ratnayake. ■