EDB signs MoU with Chinese trade promotion council
View(s):Sri Lanka exports broke fresh ground last week with the cementing of a MoU in Colombo between the export Development Board (EDB) and Chinese authorities.
“President Xi Jinping, during his visit to Sri Lanka in September, along with Sri Lanka President Mahinda Rajapaksa reached consensus to deepen the strategic partnership and joint construction of 21 Century Maritime Silk Road. Now (that) the countries have officially started the bilateral FTA negotiations, we believe that the bilateral cooperation would be further deepened in future,” said Ms Zhang Hua, Vice President of China Council for the Promotion of International Trade of Guangdong (CCPIT-Guangdon), according to a media release issued by the EDB.
Ms Hua was addressing the MoU signing event between EDB and CCPIT-Guangdon). Representatives from 19 leading Guangdong firms and government enterprises-including Guangdong Guangye Asset Management (mineral resources), Guangzou Dajunmei Electric (consumer electronics), Landrent Investment Ltd (enterprise management), Qinyuang Takson (tea), Qinyuang Silver Field (tin and scrap metal processing), Qinyuang Shengli Copper Materials (copper processing), and First Rare Materials Co (producer of high purity metals including selenium, tellurium, cadmium)-were present for B2B meetings with more than 20 Lankan firms such as D Samson Industries, Akbar Bros, Mt Lavinia Hotel, Robert Agencies, Abans PLC, Oviklo Int’l, and Agility Logistics.
Bandula Egodage, Chairman/CEO, EDB, said: “This is the reciprocal event for the visit of entrepreneur delegation led by EDB to Guangdong. We thank you for giving us the opportunity to access Guangdong. The EDB team done some considerable work to coordinate this MoU. MoU is a commitment that shows the interest of both parties to engage in bilateral trade.”