The Cabinet of Ministers cleared to sign a Memorandum of Understanding (MoU) to streamline trade processes and enhance economic cooperation between the two countries.

“Following thorough review processes, from the Attorney General and the External Affairs Ministry, approval was received to proceed with signing the MoU,” Cabinet Co-Spokesman and Minister Bandula Gunawardena said.

He said the move reflects a significant step towards enhancing trade facilitation and strengthening economic ties between Sri Lanka and China.In 2023, Sri Lanka exported a total of $ 257.73 million worth of goods.