China and Sri Lanka sign agreements to ease trade barriers

China and Sri Lanka have signed two Memoranda of Understanding to enhance economic and trade relations. The deals were finalized during the China-Sri Lanka Joint Trade and Economic Commission meeting in Colombo, where China’s Commerce Minister Wang Wentao met with Sri Lankan Minister of Trade, Commerce, Food Security, and Co-operative Development Wasantha Samarasinghe.

The agreements include the formation of a trade facilitation working group and a commitment to industrial and supply chain cooperation.

Discussions at the meeting focused on strengthening cooperation under the Belt and Road Initiative, increasing trade and investment, and supporting the multilateral trading system.