Chinese envoy wants better policy framework for investments to take root in SL

Chinese Ambassador to Sri Lanka Qi Zhenhong, in his remarks to Sri Lanka Investment Forum has suggested Sri Lanka to create a better policy framework in order to attract foreign investments to the country.

- Kelum Bandara

The ambassador said it is important for the Sri Lankan government to ensure consistency, stability, transparency and effectiveness of its investment policies to the greatest extent.“As such, China and Sri Lanka need to promptly continue efforts to carry out medium and long-term plans for investment cooperation and development between the two countries agreed upon in 2017. At the same time, negotiations on the China-Sri Lanka FTA should be resumed as soon as possible. If a timely agreement can be reached, it will certainly further promote our bilateral trade and investment,” he said.

Elaborating on Sri Lanka’s uniqueness for attracting investments, he said its strategic location in South Asia and proximity to key shipping routes connecting Asia and Europe were the main factors in this regard.