South Asian Affairs

Sri Lankan PM inaugurated 6th China-South Asia Business Forum

ISLAMABAD: “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”. This was stated by D.M. Jayarathne, Prime Minister of Sri Lanka during his keynote address to the 6th China-South Asia Business Forum jointly organized 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.

The Sri Lankan premier accentuated 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 Mr. 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, Mr. Tariq Sayeed addressed the Forum and proposed 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 shall 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 to 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.