Business delegations from Liaoning and Yunnan visit Sri Lanka

Tuesday, 21 April 2015 01:15 - - {{hitsCtrl.values.hits}}

The Sri Lanka-China Business Council (SLCHBC) facilitated business meetings and networking sessions with visiting delegations from the provinces of Liaoning and Yunnan of the People’s Republic of China this month. These were the last two in a series of five Chinese business delegations visiting Sri Lanka at this time, with Liaoning on 30 March and Yunnan on 1 April. There were four representatives in the Liaoning delegation, on behalf of the Liaoning Provincial Bureau of Foreign Trade and Economic Cooperation. The officials expressed a strong interest in learning about Sri Lanka, especially the different industries and businesses presenting investment potential. In order to further this goal of fortifying economic cooperation and trade between Sri Lanka and Liaoning, the delegation signed a Memorandum of Understanding with the SLCHBC.

The Yunnan delegation was large and varied, with representatives from 21 organisations, such as Yunnan Provincial General Chamber of Commerce (YPGCC), Yunnan Wan Xinglong Biological Technology Group Co. Ltd., Nanfang Education Investment Group and Kunming Reunion Business Co. Ltd. With such a broad range of areas covered, the business and networking session proved to be a success, attracting around 70 participants, including members from the Board of Investment of Sri Lanka (BOI) and the Sri Lanka Exports Development Board (EDB). The main purpose of the visit was to promote trade and economic cooperation between Yunnan Province and Sri Lanka, as well as to discuss the important upcoming ‘China-South Asia Expo’ in Kunming, China, held from 12-16 June. The Yunnan representatives stated a desire to focus on strengthening the cooperation of entrepreneurs from both parties, particularly in the fields of education, construction, agricultural products and medical instruments. Both the Liaoning and Yunnan delegations were keen to link their respective websites with that of the SLCHBC. This will enhance ease of access to information on the business climates and investment opportunities in both Sri Lanka and China, hopefully facilitating further collaborative growth in the future.