Lankan Ranger
ELITE MEMBER
- Aug 9, 2009
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China & South Asia can change Global Economy: Sri Lanka
China and South Asian countries can bring about visible change in the global economy through promotion of cross-border trade and mutual trust and seize enormous untapped opportunities, stated Hon’ble DM Jayarathne, Prime Minister of Sri Lanka during his keynote address at the 6th China-South Asia Business Forum jointly organised by China Council for Promotion of International Trade (CCPIT) and SAARC Chamber of Commerce & Industry in Kunming city of Yunnan Province of the Peoples’ Republic of China on 5th June, 2011.
Sri Lankan premier stressed the need for exchange of cooperation in science and technology, energy, agro-business and tourism sector and sought Chinese investment in South Asian countries to create better complementarities. The session was moderated by Rashid Bathiuddin, Minister for Industries and Commerce, Sri Lanka and addressed by business leaders from China and South Asia.
On behalf of the business community of South Asia, immediate past President of SAARC CCI, Tariq Sayeed addressed the forum and proposed a 10-point agenda for augmenting economic cooperation between China and South Asia.
He regarded China’s economic development as one of the wonders of 21st century and perceived that China will soon become the global economic leader.
While appreciating the role of China-South Asia Business Forum, he said that since its establishment on 2005, the trade volume between China and South Asia has improved from $25 billion to $80 billion in 2010 and hoped that by year 2015, the volume will likely cross $125 billion while referring the commitment of heads of the governments of China and India who have envisaged bilateral trade target of $100 billion by 2015.
Vice Chairman, CCPIT Wang Jinzhen, said that since the opening of economy, China has been able to achieve high growth level and despite global financial crisis “it managed to attain double-digit growth and overall witnessed a 11.2% GDP growth for the last one decade.”
He said that the objective of the creation of the CSABF and organising of South Asian Commodity Fair as a regular annual feature is to provide South Asian countries access to make China their niche—which is the 2nd largest import destination of the World.
Daily Times - Leading News Resource of Pakistan
China and South Asian countries can bring about visible change in the global economy through promotion of cross-border trade and mutual trust and seize enormous untapped opportunities, stated Hon’ble DM Jayarathne, Prime Minister of Sri Lanka during his keynote address at the 6th China-South Asia Business Forum jointly organised by China Council for Promotion of International Trade (CCPIT) and SAARC Chamber of Commerce & Industry in Kunming city of Yunnan Province of the Peoples’ Republic of China on 5th June, 2011.
Sri Lankan premier stressed the need for exchange of cooperation in science and technology, energy, agro-business and tourism sector and sought Chinese investment in South Asian countries to create better complementarities. The session was moderated by Rashid Bathiuddin, Minister for Industries and Commerce, Sri Lanka and addressed by business leaders from China and South Asia.
On behalf of the business community of South Asia, immediate past President of SAARC CCI, Tariq Sayeed addressed the forum and proposed a 10-point agenda for augmenting economic cooperation between China and South Asia.
He regarded China’s economic development as one of the wonders of 21st century and perceived that China will soon become the global economic leader.
While appreciating the role of China-South Asia Business Forum, he said that since its establishment on 2005, the trade volume between China and South Asia has improved from $25 billion to $80 billion in 2010 and hoped that by year 2015, the volume will likely cross $125 billion while referring the commitment of heads of the governments of China and India who have envisaged bilateral trade target of $100 billion by 2015.
Vice Chairman, CCPIT Wang Jinzhen, said that since the opening of economy, China has been able to achieve high growth level and despite global financial crisis “it managed to attain double-digit growth and overall witnessed a 11.2% GDP growth for the last one decade.”
He said that the objective of the creation of the CSABF and organising of South Asian Commodity Fair as a regular annual feature is to provide South Asian countries access to make China their niche—which is the 2nd largest import destination of the World.
Daily Times - Leading News Resource of Pakistan
