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China to Sri Lanka's second largest source of imports
2015-03-30 Reads : 44
For many Chinese people, is located on the Indian Ocean, Sri Lanka is a distant country, who for a long period of time mentioned in Sri Lanka and many people will think of "Tamil Tigers." After the May 2009 ended 26 years of civil war, Sri Lanka embarked on economic recovery began to rebuild the road. China's trade relations with Sri Lanka appear to take off quickly, at the end of June this year, China has become Sri Lanka's second largest source of imports and the second largest trading partner. Thanks geopolitical advantages, India is still Sri Lanka's largest trading partner and largest source of imports. Sri Lanka is a plantation economy based agricultural country, rich in fisheries, forestry and water resources. Tea, rubber and coconut are the three pillars of Sri Lanka's agricultural income. Sri Lanka exports of agricultural products is an important part of the export, accounting for about 20% of foreign exchange earnings in Sri Lanka's foreign exchange earnings. Textile and garment industry is the pillar industry of the national economy of Sri Lanka and the most important industrial sectors, but also Sri Lanka's largest export industry. The United States is Sri Lanka's largest export market, exports to the US share of Sri Lanka in its proportion of total exports up 21.7%, followed by the UK and India. India is Sri Lanka's largest source of imports, imports from Sri Lanka, India accounted for 19%. China is second only to India, Sri Lanka's second largest source of imports, Sri Lanka since its total imports of 13.9 Chinese imports, Singapore, Sri Lanka's third largest source of imports. China and Sri Lanka enjoy traditional friendship and the history of economic and trade cooperation. Sri Lanka known as the Chinese classics division (lion) or sub-country Sinhalese country. Ming Dynasty navigator Zheng He's voyages repeatedly arrival in Sri Lanka. Sri Lanka in 1950 to recognize the new China. February 7, 1957 the two countries established diplomatic relations. Sri Lanka has maintained friendly relations, high-level exchanges continued. Last May, the two countries announced the promotion of bilateral relations as a strategic partnership, and decided to start a joint study of the feasibility of a bilateral free trade area, the establishment of the Working Group on Trade and Economic Cooperation Working Group on Cooperation in the framework of the bilateral Joint Commission, to further promote the two Baosteel pragmatic cooperation. Ministry of Commerce spokesman Shen Danyang at a regular press conference held on September 16 said the data show that in 2013 and Sri Lanka bilateral trade amounted to $ 3.62 billion, China is the Sri Lanka's second largest trading partner and second largest source of imports ground. In the first half of this year, bilateral trade amounted to $ 1.774 billion Sri Lanka, an increase of 6.3%, which China's imports rose 31.4 percent in Sri Lanka. As of the end of June this year, China's direct investment in non-financial stocks Sri Lanka $ 445 million, is one of its main source of foreign investment in recent years. The latest data released by the Sri Lanka Bureau of Statistics show that from January to June 2014, Sri Lanka and China bilateral trade in goods was $ 1.57 billion, an increase of 9.8%. Among them, Sri Lanka's exports to China 8,375 million USD, up 60.4 percent, accounting for 1.6 percent of Sri Lanka's total exports, an increase of 0.4 percentage points; Sri Lanka imports from China $ 1.49 billion, an increase of 7.9%, accounting for 16.8% of Sri Lanka's total imports, accounting and unchanged from the same period last year. January to June, Sri Lanka's trade deficit with China was $ 1.4 billion, an increase of 6.1%. As of the end of June, China ranks fifteenth in Sri Lanka exports, imports ranked second only to India. In Sri Lanka ten categories of imported goods, China's export of electromechanical products, textiles, furniture, footwear and ceramics at the obvious dominance; but Chinese exports of transport equipment, chemicals, optical instruments and metal products still face competition from India, Japan and Europe and other developed countries.
keywords: Sri Lanka, building materials,
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You are the 4377 visitor
Copyright © GuangDong ICP No. 10089450, Beijing International Exhibition Co., Ltd. in the business All rights reserved.
Technical support: ShenZhen AllWays Technology Development Co., Ltd.
AllSources Network's Disclaimer: The legitimacy of the enterprise information does not undertake any guarantee responsibility