The Sri Lanka – China Business Council established on April 26, 2001, was formed under the aegis of the Ceylon Chamber of Commerce. The Council was formed at the request of the Ministry of Foreign Affairs with the main objective of promoting trade, investment, services and tourism between Sri Lanka and China.
- To promote trade, tourism and services between Sri Lanka and China and in particular to promote exports from Sri Lanka to China.
- To encourage Chinese investment and the establishment of joint ventures in Sri Lanka between Chinese and Sri Lankan investors.
- To exchange information on trade and investment with the appropriate bodies in China.
- To conduct joint meetings with Chinese business organizations in Sri Lanka and in China.
- To serve as a recognized representative of business sector interests in Sri Lanka in matters concerning business relationships with China.
- To promote Sri Lankan participation in international fairs in China.
- To co-operate with the Government of Sri Lanka in the pursuit of the above objectives.
- To undertake all matters that is incidental or conducive to attaining the above objectives.
The Sri Lanka – China Business Council organised a seminar on Sri Lanka – China Trade Promotion on July 09, 2008 at “Salon Anthurium” Hotel Galadari. Mr. Clive Haswell, CEO, Standard Chartered Bank addressed the members on “Share the Experience on the Chinese Market” and Ms. Zhang Yun, Attache, Embassy of the Peoples’ Republic of China made a presentation on “Doing Business in China”. The outline of the Presentation on Doing Business in China was, Sri Lanka – China Economic and Trade Ties, China’s Economy , an overview : why China?, Sri Lanka comparative advantages and How to sell Products and Services to China. Mr. Charitha Yattagoda, Assistant Director of Commerce, Department of Commerce spoke on the topic “Asia Pacific Trade Agreement (APTA): New Developments and Benefits to Sri Lanka” which highlighted on the Asia Pacific – Trade Agreement in detail as well as the following :
- Trade Negotiation Rounds Under APTA
- Trade With APTA Countries
- Fourth Round and Opportunities for Sri Lanka
- Expansion of Membership
Ms. Anoma Premathilake, Deputy Director/Marketing, Sri Lanka Export Development Board (EDB) made a presentation on “Exporting to China – Emerging opportunities” , the presentation focused on the following
- Sri Lanka’s Trade with China
- Export Potential for selected products
- Challenges & Opportunities
- Future Actions
The event was well attended by members of the Sri Lanka – China Business Council and members of the Ceylon Chamber of Commerce and other senior officials.
With a view to enhance trade and investment opportunities between Sri Lanka and China, the Council successfully organized the third Chinese product catalogue exhibition on July 9, 2008 at the Galadari Hotel. The Catalogue Exhibition displayed a variety of sectoral catalogues of Automotives/Parts, Chemical Products, Electrical & Electronic Equipment, Machinery, Tool/Accessories/Stationery, Kitchen Equipment, Toys etc. The exhibition was visited by over 150 visitors. The Sri Lanka Export Development Board information desk and the Sri Lanka Tea board information desk were set up for the visitors to get more information. On site web surfing of important websites in dealing with China was also available during this session for the visitors The catalogue exhibition was an excellent opportunity for the business community to establish contacts with China and obtain information on suppliers of a range of products.
Members of the Sri Lanka – China Business Council participated at the networking session with the visiting 100 member trade and investment promotion mission from China, organized by the Embassy of the Democratic Social Republic of Sri Lanka in China on 24th February 2009 at the Taj Samudra Hotel. The business interest of the delegation included areas such as machinery use for pharmaceutical industry, light engineering products – leather handbags, shoes, handicrafts etc. The Ceylon Chamber of Commerce and the Sri Lanka – China Business Council in association with the National Chamber of Commerce in Sri Lanka and the Federation of Chambers of Commerce and Industry of Sri Lanka organized the networking session for the visiting delegation by request of the Board of Investment of Sri Lanka.
The Sri Lanka – China Business Council of the Ceylon Chamber of Commerce signed a MOU for mutual friendship and further co-operation between China National Light Industry Council on February 24, 2009. Mr. Mahesh Wijewardene, President, Sri Lanka – China Business Council and Mr. Wang Shicheng, Vice Chairman, China National Light Industry Council were present.
China being identified as a potential leading Market, there was great interest amongst the Entrepreneurs to visit China. During the period under review, the Council continued to facilitate speedy issue of visas to the members of the Council, with the assistance of the Embassy Officials.