China Charts New Path to Strengthen Trade and Investment Ties with Sri Lanka
Chinese Commerce Minister Wang Wentao has outlined a strategic roadmap to deepen trade, investment, and economic cooperation with Sri Lanka, during his keynote address at the Sri Lanka-China Trade and Investment Forum 2025 held in Colombo.
marks the biggest Chinese business mission to Sri Lanka in recent years and reflects China’s renewed commitment to stronger bilateral ties under the Belt and Road Initiative (BRI).
In his speech, Minister Wentao proposed revitalizing existing institutional mechanisms, such as the China-Sri Lanka Joint Committee for Economic and Trade Cooperation, to enhance collaboration. He emphasized the importance of promoting Sri Lanka’s active participation in major trade exhibitions, including the China International Import and Export Fair and the **Consumer Products Expo**, which would provide greater exposure for Sri Lankan goods in the Chinese market. He also called for joint research initiatives and targeted development programs to help Sri Lanka improve its export capacity.
The Chinese Minister laid out three major themes in his proposal: expanding trade and economic cooperation, deepening industrial and investment linkages, and promoting multilateralism and financial openness. He expressed China’s interest in encouraging more of its companies to invest in Sri Lanka’s green, low-carbon, and digital sectors. He also underlined the potential for developing industrial and supply chain cooperation zones within the country to drive long-term growth and technological advancement.
Minister Wentao further addressed the global economic uncertainty and rising protectionist trends. He stressed the importance of defending the multilateral trading system and preserving a rules-based international economic order. According to him, China aims to position itself as a stable, dependable, and open partner in global trade, offering predictability at a time when the world faces numerous challenges.
“Amid the uncertainties facing the global economy, China remains a dependable partner committed to openness, fairness, and mutual development,” he said.
Highlighting the growing strength of bilateral trade, the Minister pointed out that trade between China and Sri Lanka reached $5.36 billion in 2024, marking a 13.4% year-on-year increase, the highest volume recorded between China and any South Asian country. He noted that Sri Lankan exports such as tea, spices, and gems are gaining popularity among Chinese consumers, signaling strong potential for future growth.
Minister Wentao’s visit signals a significant step toward deeper economic engagement, opening new avenues for Sri Lankan exporters and attracting long-term Chinese investment in key development sectors.
