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SL President addresses CIIE 2022 which kicks off in Shanghai! (Video)

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The fifth China International Import Expo (CIIE) is all set to be held in Shanghai from tomorrow (05) to next Thursday (10).

The aim is to help boost China’s high-quality economic development, widen opening-up, and achieve win-win results for both importers and exporters.

The event officially kicked off after a special keynote address made by Chinese President Xi Jinping this afternoon (04), a tradition that has been in place since the maiden CIIE In 2018.

Hopeful that negotiations on FTA will be reached soon
The Chinese President’s address was followed by video messages from other heads of state and the initial message was by Sri Lankan President – Ranil Wickremesinghe.
Mr. Wickremesinghe said :

This international import theme expo fair is an innovative stage in the developing countries’ attempts to enter the Chinese market. The CIIE has allowed many countries and businesses to enjoy the benefit of the growing consumption appetite of the Chinese people. Sri Lanka has been participating in the CIIE since its inception. Our businesses have benefited greatly through this participation.

We have been provided the opportunity for our industry to establish a foothold in the Chinese market. Modern relations between Sri Lanka and China began with the rapper rice pack. This is for the Munich agreement at the time. This year marks the 70th anniversary of the package. The bilateral relationship between our two nations has since then expanded into numerous areas. Including trade, investment, tourism, education, defense and health. In 2021 the total volume of trade between our two nations was US dollars 4.3 billion.

China is Sri Lanka’s biggest source of imports and there is room to further develop bilateral trade.

We are hopeful that negotiations on the Free Trade Agreement will be reached in the near future.

“China is open for business”
This year’s CIIE lays special emphasis on “I” for International. It will be bigger than the previous expos with more industrial sectors represented across companies. And it stresses that “China is open for business.”

The exhibition is co-hosted by the Ministry of Commerce of China and the Shanghai Municipal People’s Government.

It is organized by China International Import Expo Bureau and Shanghai International Exhibition and National Exhibition and Convention Center (Shanghai) Co., Ltd.

  • Kelum Shivantha reporting from Shanghai

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Cabinet decision to suspend ‘Parate Executions’

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All Parate Executions have been suspended until Dec. 15, as per a Cabinet decision made today (26 Feb.).

The relevant proposal was furnished by President Ranil Wickremesinghe, in his capacity as the Minister of Finance, following a request made by Justice Minister Wijeyadasa Rajapakshe, and Minister of Industries Ramesh Pathirana.

Accordingly, the relevant amendments are due to be presented before the Parliament soon.

State Minister of Finance Ranjith Siyambalapitiya had informed Parliament last week that steps will be taken to suspend the powers of the ‘Parate execution’ law for a certain period for the purpose of protecting the small and medium-scale entrepreneurs (SMEs).

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Parate execution law to be suspended: Siyambalapitiya

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Deshabandu Tennakoon appointed as IGP

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Deshabandu Tennakoon has been appointed as 36th Inspector General of Police in Sri Lanka.

President’s Secretary, Saman Ekanayake had handed over his appointment letter earlier today afternoon (Feb. 26).

Since Nov. 29, 2023, Tennakoon served as the Acting IGP. Deshabandu Tennakoon joined the police service in 1998 as an Assistant Superintendent of Police.

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Palestinian PM resigns

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Palestinian Prime Minister Mohammad Shtayyeh has announced the resignation of his government, which rules parts of the occupied West Bank, due to the escalating violence in the occupied territory and the war on Gaza.

“The decision to resign came in light of the unprecedented escalation in the West Bank and Jerusalem and the war, genocide and starvation in the Gaza Strip,” said Shtayyeh, who submitted his resignation to Palestinian Authority (PA) President Mahmoud Abbas on Monday.

“I see that the next stage and its challenges require new governmental and political arrangements that take into account the new reality in Gaza and the need for a Palestinian-Palestinian consensus based on Palestinian unity and the extension of unity of authority over the land of Palestine,” he said.

Shtayyeh’s comments come as US pressure grows on Abbas to shake up the PA and begin work on a political structure that can govern a Palestinian state following the war.

However, Israeli Prime Minister Benjamin Netanyahu has on numerous occasions rejected calls for the PA under Abbas to take control of a Palestinian state and govern Gaza.

Last week, Israeli lawmakers backed Netanyahu’s rejection of any “unilateral” recognition of a Palestinian state.

“The Knesset came together in an overwhelming majority against the attempt to impose on us the establishment of a Palestinian state, which would not only fail to bring peace but would endanger the state of Israel,” said Netanyahu.

(Aljazeera)

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