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Sri Lanka's Perspective on Belt and Road

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Gayani De Alwis presents at CILT International Convention 2017

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Sri Lanka's Perspective on Belt and Road

  1. 1. International Convention 2017 Macao Sri Lanka’s Perspective on Belt and Road Macao | 11-14 June 2017 by Gayani de Alwis Vice Chairperson CILT Sri Lanka www.ciltinternational.orgInternational Convention 2017, Macao, Smart Journey Belt & Road
  2. 2. International Convention 2017 Macao – Smart Journey Belt & Road Get to know Sri Lanka  Population - 20.9Mn  Land area - 65,332 sq.km  GDP - 82.3 Bn USD  GDP growth rate - 4.8%  Composition of GDP Agriculture - 7.9% Industry - 26.2% Services - 56.6% Taxes - 9.3%  Unemployment rate - 4.7%  Life expectancy - 74.9 years  Literacy rate - 93.2% Source: Central Bank 2015
  3. 3. International Convention 2017 Macao – Smart Journey Belt & Road Sri Lanka’s Geographical Positioning  Sri Lanka is right at the center of the global east west maritime route  50% of global containerized traffic move pass Hambantota  Colombo and Hambantota are the main ports in SL
  4. 4. International Convention 2017 Macao – Smart Journey Belt & Road Source: NASA The History & Ancient Silk Road
  5. 5. International Convention 2017 Macao – Smart Journey Belt & Road Our Historical involvement with Silk route • Sri Lanka was well-known as "His-lan" and "Silan" by the ancient Chinese sailors • Sri Lankan artefacts found from archaeological excavations of Beihei city Emperor’s tomb in Guangxi Province and these artefacts arrived here through the silk route. • The Silk Route linked to Mediterranean through Sri Lanka and India.
  6. 6. International Convention 2017 Macao – Smart Journey Belt & Road Trade with China Exports Position Description US$ Million %of total contribution 1 Apparel 65.31 33 2 Tea 31.98 16 3 Vegetable & textile fiber 20.68 10 4 Footwear, gaiters & parts 18.39 09 5 Ores, slag, ash 7.67 04 6 Activated carbon 6.64 03 Source : Department commerce
  7. 7. International Convention 2017 Macao – Smart Journey Belt & Road Hambantota Port
  8. 8. International Convention 2017 Macao – Smart Journey Belt & Road Port City “Sri Lanka is strengthening financial connectivity by establishing an off shore financial center. In the Port City is a real estate development under OBOR initiative” Sri Lankan PM Mr Ranil Wickramasinghe
  9. 9. International Convention 2017 Macao – Smart Journey Belt & Road Opportunities • Investment on Infrastructure • Trading connectivity through increased investment • Improved trade and linkages with China and other OBOR countries • Potential of Sri Lanka to be a logistic hub • Significant industry development
  10. 10. International Convention 2017 Macao – Smart Journey Belt & Road Challenges • Internal - Interest in quick results can affect progress • External - Geopolitics of maritime security “History has shown that peace and ‘freedom of navigation’ in the Indian Ocean always resulted in economic growth and prosperity.” Sri Lankan PM R Wickramasinghe 2017 • Benefits for all over benefit for one concern • Consumption based growth over Sustainable Development – not connectivity to handle excess manufacturing capacity of China
  11. 11. International Convention 2017 Macao – Smart Journey Belt & Road “The Belt and Road Initiative will provide the much-needed hard and soft connectivity in the Indian Ocean region required for rapid economic and social development.”
  12. 12. International Convention 2017 Macao – Smart Journey Belt & Road
  13. 13. International Convention 2017 MacaoInternational Convention 2017 Macao – Smart Journey Belt & Road Thank you Gayani de Alwis CMILT Vice Chairperson CILT SL Gdealwis@ymail.com M+94773187447 www.ciltinternational.org13

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