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What President AKD said to Chinese media (Video)

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The relations between Sri Lanka and China will enter a new stage on the basis of previous achievements, said Sri Lankan President Anura Kumara Dissanayake.  

He made the remarks in an exclusive interview with China Media Group (CMG) during his state visit to China from Jan 14 to 17 at the invitation of President Xi Jinping. The interview was aired last Friday (Jan. 24). 

China will actively support Sri Lanka in focusing on economic development and the two countries should jointly foster new highlights in high-quality Belt and Road cooperation, as well as cooperation in modern agriculture, digital economy and marine economy, President Xi Jinping said in the talks.

“During our talks on Jan 15, President Xi Jinping said that China’s development achievements are not only the results of endeavor in the last 10 or 20 years, but also the results of hard work by generations of Chinese people united as one. These words impressed me,” said Dissanayake in an interview with China Media Group aired on Friday.

“In my opinion, the Chinese government always puts the people first when formulating targets or plans, or implementing any policy. The new government of Sri Lanka is also working hard to fulfill its purpose of serving the people. During the meeting with President Xi Jinping, our two sides focused on how to consolidate and develop Sri Lanka-China relations. Sri Lanka and China enjoy a time-honored friendly relationship, with bilateral economic and trade exchanges boasting a history of around 1,000 years. I believe that through this visit to China and our meetings with Chinese leaders, bilateral relations will enter a new stage on the basis of previous achievements,” said Dissanayake.

Behind China’s achievements, a history of relentless struggle

The Sri Lankan President, who assumed office in September last year, said that while this was his first visit to China as president, it was not his first encounter with the nation. 

“My first visit to China was in 2004 when I served as Minister of Agriculture. Two decades have passed in the blink of an eye. Over these 20 years, China has made extraordinary achievements in areas such as economy, social governance, and technology. During this visit, I can feel changes that have taken place in China,” he said. 

Recalling his visits to Beijing, Shanghai, and Huawei’s R&D center, Dissanayake expressed deep admiration for China’s commitment to technological innovation. 

“I have been to Beijing and Shanghai, and I also visited Huawei’s R&D center. China’s substantial investment in technological research and development has led to remarkable achievements in this area. These achievements have greatly contributed to the country’s development,” he said. 

One of the key moments of his visit to China was a tour of the Museum of the Communist Party of China, where he learned about the nation’s incredible journey of overcoming challenges to achieve prosperity. 

“Behind all of China’s achievements lies a history of relentless struggle. Under the leadership of the Communist Party of China, the country has endured countless hardships, challenges and tests throughout different stages of development, ultimately achieving the prosperity it enjoys today. At the museum, I learned about the Chinese people’s journey of toil and hard work. Their unwavering belief and refusal to give up left a profound impression on me. This lesson is not unique to China. It is applicable to the development of all countries. Moreover, China’s progress in areas like space exploration, infrastructure construction, and science and technology reflects the boundless wisdom and determination of its people,” he said.

Global South

Meanwhile, President Dissanayake also said that Chinese modernization will provide experience for the development of the Global South.

According to the Sri Lankan president, Chinese modernization is of great significance to the development of the Global South countries, as it has shattered the myth of Westernization equalizing modernization.

“Each country should draw from its own characteristics to develop a modern model of growth that suits its specific needs, rather than simply replicating the development experiences of others. In exploring their own development paths, nations should consider various factors including their geographical location, resources, cultural heritage, international environment, and economic foundations,” he said. 

Dissanayake spoke highly of the important initiatives proposed by China, stressing that they pave the way for global progress, especially in a period of turbulence and transformation. 

“Sri Lanka is a small country with a small economy, and we are by no means a geopolitical player. The Global Development Initiative, the Global Security Initiative, and the Global Civilization Initiative proposed by China have upheld the diversity of the world and provided support for meaningful global progress. Under the Global Development Initiative, human progress and development will benefit everyone. The Global Security Initiative is universal and inclusive. The Global Civilization Initiative recognizes the diverse civilizations, cultures, and people’s shared values of various countries. Each country has its own cultural identity rooted in their unique civilization, which should not undermine other cultures. I believe these three global initiatives pave the way for global development,” said Dissanayake.

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Fuel prices upped

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The Ceylon Petroleum Corporation (CPC) has announced a revision of fuel prices, effective from midnight today (June 30).

The price of Petrol 92 Octane has been increased by Rs. 12 to Rs. 305 per litre, while the price of Kerosene has been increased by Rs. 07 to Rs. 185 per litre. The price of Auto Diesel has also been increased by Rs. 15, bringing it to Rs. 289 per litre.

However, the prices of Petrol 95 Octane and Super Diesel remain unchanged, according to Ceypetco.

The new fuel prices are as follows:

• Petrol Octane 92 – Rs. 305 (increased by Rs. 12)
• Auto Diesel – Rs. 289 (increased by Rs. 15)
• Kerosene – Rs. 185 (increased by Rs. 7)
• Petrol Octane 95 – Rs. 341 (not revised)
• Super Diesel – Rs. 325 (not revised)

Meanwhile, Lanka IOC has also revised retail fuel prices to match Ceypetco prices.

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“Sri Lanka, only Asian country currently holding talks to revise Trumps’ tariffs”

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Sri Lanka is the only country in the Asia region currently holding discussions with officials in the United States to revise the tariffs introduced by US President Donald Trump earlier this year, according to Minister of Labour and Deputy Minister of Economic Development Prof. Anil Jayantha Fernando.

Joining the Parliamentary debate today (30), where MPs are debating the fiscal strategy statement of the government, the Deputy Minister of Economic Development stated that they are hopeful the government will be able get a better deal from the US regarding the 44% tariff imposed earlier this year.

A Sri Lankan delegation last month held discussions in Washington, D.C., focusing on tariff-related matters, following an invitation extended by the Office of the United States Trade Representative (USTR).

The reciprocal tariffs imposed by United States President Donald Trump has been paused for 90 days at present.

Deputy Minister of Economic Development Prof. Anil Jayantha Fernando in Parliament stated that the government will take all steps within their powers to reduce the tariffs imposed by the US which will have a major bearing on many local industries.

The Deputy Minister while the government is taking such important steps to safeguard local companies, the opposition is only focused on jeopardizing the work of the present administration

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

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Indian officials extend US visit to iron out trade deal, sources say

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Officials from India will extend their Washington visit to try to reach agreement on a trade deal with U.S. President Donald Trump’s administration and address lingering concerns on both sides, two Indian government sources said on Monday.

Trade talks between India and the U.S. have hit roadblocks over disagreements on import duties for auto components, steel, and farm goods, ahead of Trump’s July 9 deadline to impose reciprocal tariffs.

The Indian delegation had been expected to conclude discussions by last Friday, but was staying on until at least Monday evening to iron out differences and move towards an agreement, officials said, declining to be named as the discussions are private.

“There are certain disagreements over opening up the agriculture and dairy sectors, though India has offered tariff concessions on 90% of tariff lines. A final call will be taken by the political leadership of the two countries,” one of the government sources said.

“The Indian delegation could stay for another one to two days if discussions continue,” the second source said.

India’s commerce ministry and the U.S. Trade Representative Office did not immediately respond to requests for comment.

Agriculture and dairy are “big red lines” for India in its ongoing trade negotiations with the U.S., Finance Minister Nirmala Sitharaman told the Financial Express newspaper in an interview published on Monday.

“Yes, I’d love to have an agreement, a big, good, beautiful one; why not?” Sitharaman said, adding that an early conclusion of the trade deal would serve India better.

Trump said last week that America was going to have a “very big” trade deal with India, but gave no details.

(Reuters)

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