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China, Sri Lanka Back Free Trade Talks

by Mary Swire, Tax-News.com, Hong Kong

13 April 2017


Leaders from China and Sri Lanka have voiced support for a proposed bilateral free trade agreement at a recent meeting.

Yu Zhengsheng, Chairman of the People's Political Consultative Conference (PPC), was holding talks with Sri Lanka's Prime Minister, Ranil Wickremesinghe.

The state news agency, Xinhua, said Yu had called on the two countries to speed up bilateral negotiations towards the pact and expand economic cooperation.

Wickremesinghe responded that he "looks forward to boosting cooperation with China in the fields of trade, finance, ports and transportation infrastructure." He reportedly noted that the Sri Lankan Parliament supports the Belt and Road Initiative, backs the FTA negotiations with China, and expects more friendly exchanges between the two countries.

TAGS: Sri Lanka | export duty | China | import duty | trade

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