INVEST IN SRI LANKA &
REACH OUT TO 1.7 BILLION + POPULATION IN INDIAN SUBCONTINENT
“ A team of senior Chinese and Sri Lankan nationals with years of experience in the corporate sector , bridging the language barrier ” to speed up investments , enhance cultural exchange between Sri Lanka and Peoples Republic of China.”
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OUR VISION
The most Preferred investment consulting platform for Peoples of Republic China and Sri Lanka
OUR MISSION
A driving force of Senior professionals with years of varied industry expertise coming together as one force to speed up project investments and drive the economic activities of Sri Lanka
EXECUTIVE COUNCIL MEMBERS
Sun Lai Yung graduated with a Master’s degree in Economics from Northeastern University, Boston. His undergraduate degree is in Management and Marketing from Oral Roberts University, Tulsa, Oklahoma. He is a trained economist and economic analyst. He has written several articles on China Affairs and economics for Daily Financial Times in Sri Lanka.
Council Members
Why invest in Sri Lanka?
Market access to over 1.7 billion in South Asia
Sri Lanka is the only country to have Free Trade Agreements with both India and Pakistan, allowing duty free access to over 1.3 billion consumers from the island. The Indo-Sri Lanka Free Trade Agreement (ISLFTA), which came into effect in year 2000, provides strategic access from Sri Lanka for over 4,200 products (at zero duty) to India, which is the world’s second most populous market. The Pakistan – Sri Lanka Free Trade Agreement (PSLFTA), which came into effect in year 2005, provides strategic access from Sri Lanka for nearly 4,500 products (duty free from 2008) to the Pakistan market. Since the agreement was signed, bi-lateral trade between Sri Lanka and India have grown more than 5 times and bi-lateral trade between Sri Lanka and Pakistan has grown three times. In order to qualify under the two free trade agreements, products need to be wholly locally produced or have a domestic value addition of 35% value addition FOB level.
Apart from investing within Sri Lanka on infrastructure, manufacturing and in service industry, Sri Lanka’s geographical position within Indian sub-continent is the gateway to a population base of over 1.7 billion in which Chinese investors could capture the market opportunity where the customers could easily travel back and forth on arrival on visa facility and faster transit for shipping and air travel.
THE CORE OBJECTIVES OF THE COUNCIL
Facilitate
Promote, encourage and facilitate investment and project development within the membership through closer interaction and knowledge sharing.
Services
The Council spearheads engaging local business enterprises, Government institutions of Sri Lanka with potential Chinese organizations to invest in Sri Lanka ensuring professional services in a efficient manner.
Promote
Promote, encourage and facilitate investments, project development and greater affiliation on cultural ties between China and Sri Lanka.
Monitor
Monitor, trade and investment related portals, events, exhibitions in Sri Lanka and in China on yearly basis, disseminate information, organize delegations, organize appropriate study tours in selected fields for the benefit of all stakeholders.
Co-ordinate
Co-ordinate, co-operate with High Commission of Sri Lanka based in Beijing and with respective Government authorities , Embassy of the Peoples Republic of China in Sri Lanka and with trade councils spread across China to work hand in hand in line with identified trade and investment strategies by both nations.
News & Updates
Strengthening Trade Ties: Mr. Sun Lai Yung and Mr. Huang Foster Collaboration
SLCTIC President Addresses Delegation from Fujian Chamber of Commerce
SLCTIC President Mr. Sun Lai Yung with Mr. Zheng Jinsheng - June 4, 2024
OUR BOARD OF MEMBERS
Sun Lai Yung graduated with a Master’s degree in Economics from Northeastern University, Boston. His undergraduate degree is in Management and Marketing from Oral Roberts University, Tulsa, Oklahoma. He is a trained economist and economic analyst. He has written several articles on China Affairs and economics for Daily Financial Times in Sri Lanka.
