Chengdu Companies Seek Opportunities in Sri Lanka

Authors: Go Chengdu

2017-11-24

More than 10 companies and business associations from Chengdu and their counterparts in Sri Lanka had a conference on investment and cooperation November 15 in Colombo.
"Chengdu is a fabulous city with pleasant weather. We sincerely look forward to a stronger tie with it. Chengdu companies will have a great room for development in our country, said Chairman of Sri Lanka International Chamber of Commerce, Mr. Kosala Wickramanayakeas. He welcomed Chengdu companies to go in for such sectors with Sichuan's peculiarities as catering and hospitality industries in his countries. As one of the organizers of the event, Mr. Wickramanayakeas has visited Chengdu for several times and has a very positive impression of the city. "We also hope Sri Lanka's companies could go to Chengdu often and cooperate with businesses there."
Statistics show that in this year's first 7 months, the gross foreign trade volume between Chengdu and Sri Lanka rose 21.3% to RMB679.9 million, among which the amount of exports hit RMB622.1 million, a year-on-year growth rate of 11.1%, and that of imports RMB57.8, up 10,439% over a year ago. According to an official from Chengdu Municipal Commission of Commerce the major import-export products between Chengdu and Sri Lanka are pharmaceuticals, textiles, steal, ceramics, and other steel and iron products. With the trade contacts between both sides ever strengthening, it is expected the total foreign trade volume of the two parties will exceed RMB100 million by the end of this year.

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