DIGITAL EDITION | TELEVION

Friday, October 7, 2022

DIGITAL EDITION | TELEVION

Friday, October 7, 2022

Sri Lanka ask China for help with investment, tourism, trade

Ambassador Palitha Kohona’s emphasis on China as a key to Sri Lanka’s economic recovery reflects Beijing’s status as one of Sri Lanka’s two largest foreign creditors, along with Japan. China also holds some 10% of Sri Lanka’s external debt.

In an interview with Reuters at Sri Lanka’s Beijing Embassy, Kohona said Colombo wants China to ask its companies to buy more Sri Lankan black tea, garments, sapphire and spices and to make Chinese import rules more transparent and easier to navigate.

He said Beijing could also help by pouring further investment into vast China-backed port projects in Colombo and Hambantota. Major Chinese investment plans had not materialised because of the COVID-19 pandemic, Kohona said.

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