- China plans to boost maritime connectivity with Sri Lanka, where it is already building a major port project, with both countries also agreeing to deepen economic links and sign a landmark Free Trade Agreement (FTA)
- China is now the biggest provider of loans to Sri Lanka, overtaking countries such as India and Japan that had earlier been the largest source of financing for infrastructure projects
- Beijing is involved in projects ranging from roads and railways to the massive port project in Hambantota, with investments amounting to $4 billion
- Both sides discussion on building a “21st century maritime silk road
- Involve boosting “maritime interconnectivity”
This blog is meant for UPSC/MPSC aspirants. It is full of important facts useful for these exam.
Monday, February 17, 2014
Sri Lanka to sign landmark trade pact with China
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