CCC-CCPIT MoU to promote trade, investment and tourism

The Sri Lanka-China Investment and Trade Symposium jointly organized by the China Council for Promotion of International Trade (CCPIT) Zhejiang, Zhejiang Chamber of International Commerce and the Ceylon Chamber of Commerce (CCC) was held last week.

Over 120 businessmen from Sri Lanka participated in the forum, at the Hilton Colombo. The Chinese delegation included 77 Chinese businessmen and officials.

Minister of Industry and Commerce, Rishad Bathiudeen, Vice Chairperson of CPPCC (the Chinese People's Political Consultative Conference) Zhejiang Provincial Committee, Madam Chen Yanhua, China's Ambassador to Sri Lanka, Yi Xianliang, President, CCPIT Zhejiang, Mrs. Wu Guiying, Chairperson, Sri Lanka Export Development Board, Mrs. Indira Malwatte, Chairman, Board of Investment of Sri Lanka, Upul Jayasuriya, Secretary General and CEO, Ceylon Chamber of Commerce, Mangala P. B. Yapa and President, Sri Lanka-China Business Council of the CCC, Navindra Abeysekera were also present.

The Chinese delegation was mainly looking for co-operation in the areas of project investment, technology transfer, research and development, cross-border mergers and acquisitions, patent licensing and brand cooperation, products and service subcontract, and setting up branches and sales network.

Businesses covering agriculture, auto parts and components, chemical, construction materials and machinery, e-commerce, energy, fishery and forestry, food processing, garments, infrastructure, service industry, textiles and trading were also discussed among the delegates.

An MoU was signed between the Ceylon Chamber of Commerce and The China Council for the Promotion of International Trade, Zhejiang Provincial Committee to promote trade, investment and Tourism development between the two countries.

The Chinese delegation comprised businessmen from the Zhejiang Province, in the southern part of Yangtze River Delta of the southeast coast of China.