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Sri Lanka's Perspective on Belt and Road
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. 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. 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
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. 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
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. 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. 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. 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.”