Bright future of economic ties foreseen between Guangdong and South Asia

2017-March-16       Source: Newsgd.com

The South Asia Investment and Trade Alliance (SAITA) of Guangdong Chamber of International Commerce (GCOIC) was established in Guangzhou on March 15.Initiative launched by the CCPIT Guangdong Committee, the SAITA aims to help Guangdong companies open up South Asian markets and strengthen the economic cooperation between Guangdong and South Asia.

Lin Tao, President of CCPIT Guangdong Committee, Consul General of Pakistan in Guangzhou, Consul General of Sri Lanka in Guangzhou, Trade Consul of India in Guangzhou and representatives from about 100 Guangdong enterprises attended the founding ceremony.

Lin Tao, President of the CCPIT Guangdong Committee.

"The establishment of SAITA is not only a concrete act of implementing Plans of Guangdong's Participation in the ‘Belt and Road’ Construction and strengthening the strategic cooperation of production capacity with South Asia, but also a realistic demand for CCPIT Guangdong to help Guangdong enterprises cross the border as a group to develop emerging markets." stressed by Lin Tao on the opening remarks.

According to Lin, the Alliance is designed to serve every member company with the principle of mutual benefit and win-win result, where enterprises can exchange information, participate in project seminars, connect with government, and get advices and funds.

    Luo Bingzhi, the Vice Presedent of CCPIT Guangdong Committee, presided over the ceremony.

"Sri Lanka is on the cusp of a transformative leap forward and there is much to be done on the economic and investment fronts." introduced by Mrs. Shereen Shanika Dissanayake, Consul General of Sri Lanka in Guangzhou. "We look forward to welcoming more investment delegations from Guangdong province and trust the South Asia Investment and Trade Alliance that has been inaugurated today will usher in a new era of greater Chinese investments into Sri Lanka."

Mrs. Shereen Shanika Dissanayake, Consul General of Sri Lanka in Guangzhou

The meeting also elected Lin Tao as the chairman of the SAITA.

In recent years, in the case of international trade depression, the trade between Guangdong province and South Asian countries has been growing rapidly. In 2015, according to customs statistics, the total trade volume of Guangdong and seven countries in South Asia (India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, Maldives) reached USD 21.9587 billion, increasing more than 20%. In 2016, the number went to USD 24.9631 billion, an increase of 13.7%.