Sri Lanka’s trade chamber inks pioneering MoU with China’s richest province

23 November 2015 06:30 pm

CCC Secretary General/CEO Mangala Yapa and CCPIT Zhejiang President Wu Guiying inking the MoU at Hilton Colombo in the presence of (from left) Sri Lanka-China Business Council President Navindra Abeysekera, EDB Chairperson and CEO Indira Malwatte, Chinese Ambassador to Sri Lanka Yi Xianliang, Industry and Commerce Minister Rishad Bathiudeen, Chinese People’s Political Consultative Conference of Zhejiang Provincial Committee Vice Chairperson Chen Yanhua and BoI Chairman Upul Jayasuriya 



The largest business delegation to arrive in Sri Lanka from China is now in town and it is from none other than Zhejiang - China’s richest province. 

“Zhejiang is a fast-developing province with direct access to shipping and trade similar to Sri Lanka. But what is most important is that the Zhejiang province brings us its widely famous entrepreneurship and business outlook,” said Industry and Commerce Minister Rishad Bathiudeen yesterday.

Bathiudeen was addressing China Zhejiang-Sri Lanka Investment and Trade Symposium that was unveiled yesterday at Hilton Colombo. The first-ever such symposium in Colombo on Zhejiang business, the session was organised by the China Council for the Promotion of International Trade Zhejiang Provincial Committee, Ceylon Chamber of Commerce (CCC) and supported by the Board of Investment (BoI) of Sri Lanka. 

About 120 reps from 77 Zhejiang firms and officials agencies were in session at this pioneering Colombo event. 

The first-ever Memorandum of Understanding (MoU) between the CCC and China Council for the Promotion of International Trade Zhejiang Provincial Committee was ceremonially inked at the event.  

Also three cooperation agreements between Zhejiang companies and Sri Lanka companies were signed by the respective delegates from the companies.