Press briefing of Cabinet Decision taken on 2016-04-06

Memorandum of Understanding between the Ministry of Commerce of the People’s Republic of China and the Ministry of Development Strategies & International Trade of the Democratic Socialist Republic of Sri Lanka on Comprehensive Implementation of Investment, Economic and Technological Agreement

- The Government is engaged in an attempt to encourage Chinese entrepreneurs to enhance the investment co-operation in the major economic sectors through non-traditional financial instruments, bringing a new approach towards the co-operation between the two countries. Accordingly, the proposal made by Hon. Malik Samarawickrama, the Minister of Development Strategies and International Trade, to sign the Memorandum of Understanding between the two countries for the implementation of the investment, economic and technological agreement during the Official Visit to China by the Hon. Prime Minister, was approved by the Cabinet.