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connectivity

China´s interest in Sri Lanka | SOURCE: JAMESTOWN ORG

Image: An aerial photo taken on September 23, 2020 shows the construction of a park in Colombo Port City by China Harbor. (Source: CHEC via Xinhua)

Located at the crossroads of global shipping lanes, Sri Lanka has become a significant recipient of Chinese economic and military influence in the Indian Ocean Region (IOR).

Chinese investments in port capacity have enabled Sri Lanka to enhance its strategic position in the Indian Ocean and become a regional trading hub, with future plans to develop its ability to become a financial center as well.

Access to the Indian Ocean’s sea routes is critical to Beijing, as today China is the world’s top oil importer, principally coming from the Middle East, passing through the Indian Ocean on its way to China.

Sri Lanka has been a critical partner in China’s expansive foreign policy and infrastructure-focused Belt and Road Initiative (BRI). The situation further highlights Sri Lanka’s delicate balancing act between China and India. Colombo Port in Sri Lanka is particularly significant for India, as it handles roughly 40 percent  of transshipped container cargo bound for the Indian market.

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Categories
Geoeconomics

SOUTH ASIA

SRI LANKA:

  • Sri Lanka agreed with China to strengthen and enhance mutually beneficial bilateral cooperation in all fields. President Xi has noted that China is willing to work with Sri Lanka to enhance Belt and Road cooperation and contribute to the economic revival of Sri Lanka in post-pandemic era

SOURCE: COLOMBO PAGE

 


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Geoeconomics

SOUTH ASIA:

SRI LANKA:

  • Pakistan’s offer to Sri Lanka to join its multibillion-dollar trade and infrastructure scheme with China under Beijing’s Belt and Road Initiative has raised concerns in Indian policy circles, as New Delhi seeks to secure its influence in a region where China’s presence is growing. Indian strategic affairs observers said a proposal for Colombo to use Gwadar could be problematic for India’s security, as about 70 per cent of the goods that Sri Lanka’s ports now handle are transhipped to and from India. India is Sri Lanka’s largest trading partner, and the two countries also cooperate in areas such as security and defence.

SOURCE: SOUTH CHINA MORNING POST


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Geoeconomics

SOUTH ASIA:

PAKISTAN:

  • Pakistan is exploring the possibility of increasing Sri Lanka’s trade connectivity to the Central Asian region through the China-Pakistan Economic Corridor (CEPC), called as a flagship project of China’s Belt and Road Initiative (BRI).

SOURCE: DAILY MIRROR


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Categories
Belt And Road Initiative

South Asia

SOUTH ASIA

  • SRI LANKA: China is building in Sri Lanka a second seaport as part of the Belt and Road Initiative. The new port is located in the capital of Colombo and is part of an estimated $8.3 billion invested so far by China since 2013. The news was released during the U.S. Secretary of State Mike Pompeo visit for meetings with Sri Lankan President to urged Sri Lanka to maintain democratic governance in the face of growing Chinese influence.

SOURCE: THE WASHINGTON POST

 

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Geopolitical conflicts

South Asia

SOUTH ASIA

  • SRI LANKA: Secretary of State Mike Pompeo warned Sri Lanka against its tightening ties with China, as his tour of South Asia this week put a spotlight on the growing rivalry between the U.S. and China for influence in the region. Mr. Pompeo arrived in Sri Lanka just as it is ratcheting up its relationship with China with new loans, multibillion-dollar construction projects and even new laws to cement that partnership.

SOURCE: WALL STREET JOURNAL

 

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Belt And Road Initiative

South Asia

SOUTH ASIA

  • SRI LANKA: Sri Lanka is willing to make every effort to promote China’s Belt and Road projects in the country, such as the comprehensive development of Colombo Port City and Hambantota Port. Publicly refuted the claim that China had set up a debt trap to control the country.

SOURCE: COLOMBO PAGE SRI LANKA

 

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