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Sri Lankan prime minister hails cooperation with China

(Xinhua)

16:57, September 08, 2011

XIAMEN, Sept. 8 (Xinhua) -- Prime Minister of Sri Lanka D. M. Jayaratne said Thursday that Sri Lanka sees China as a close friend and hails China's positive attitude in supporting the country's development.

During the past five years, Sri Lanka has developed unprecedented strong relations with not only China's central government, but also with provincial governments on the basis of regular high-level exchanges, Jayaratne said at a forum at the ongoing 15th China International Fair for Investment and Trade (CIFIT), which is currently being held in China's southeastern coastal city of Xiamen.

Sri Lanka's exports to China increased to 102 million U.S. dollars in 2010 from only 37 million U.S. dollars in 2006, fueled by exports of tea, fiber and fish, according to the prime minister.

He added that Sri Lanka mainly imports tractors, mechanical parts, machinery, fabric and chemicals from China.

"China has become our largest development partner and an important investor in Sri Lanka, especially in infrastructure projects. There are plenty of opportunities and areas that we can exploit for mutual benefit," Jayaratne said.

Sri Lanka offers a wide variety of investment opportunities and incentives for foreign investors, Jayaratne said. China is currently investing in a number of projects in the country, including motorcycle manufacturing, hydroelectricity and apparel manufacturing, he added.

Sri Lanka is currently courting investors for its infrastructure, textiles, computer software and tourism sectors, the prime minister said.

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Christopher Kay at 2011-09-09216.121.218.*
A way to go Sri Lanka!The Prime Minister is correct to give credit where it is due. Tank you PM!
  

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