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Pathfinder Foundation Joins Hands with the Fujian Province Promoting Trade and Investment

 


The Pathfinder Foundation signed a Memorandum of Understanding (MoU) with the Department of Commerce, Fujian Province of the People’s Republic of China on 22nd November. The MoU seeks to strengthen cooperation in the fields of trade, investment and economic relations between the Province and Sri Lanka. The MoU was signed by Dr. Sun Jun, Division of Asian Affairs of the Department of Commence of Fujian Province and Pathfinder Foundation Chairman Bernard Goonetilleke.

Fujian Province has been in the forefront in Chinese economy attracting $7.6 billion foreign investment in 2015, which has contributed to a high GDP growth of $26,000 per annum for its 38.3 million population. Fujian Province, which has a considerable economic interest in Southeast Asia, is now focusing on developing economic relations with countries in South Asia. The Fujian Province is focusing on the Belt and Road Initiative of President Xi Jinping to which Sri Lanka has given its fullest support from the very inception.

Fujian a highly industrialized Province in China with many foreign firms such as Boeing, Dell, GE, etc having their operations in the Province. Many ethnic Chinese around the world, especially Southeast Asia, trace their ancestry to Fujian. Descendants of Fujian emigrants make up the predominant majority ethnic Chinese populations of the Philippines, Taiwan, Singapore, Malaysia, and Indonesia. Fujian, especially Fuzhou, is also the major source of Chinese immigrants in the United States.

 

DSCF3541 - Copy CopyDuring the discussion, with the four-member delegation, the Pathfinder Foundation expressed its willingness to promote trade and investment from Fujian to Sri Lanka and establish a Fujian Province Trade and Investment Promotion Centre in collaboration with the the Pathfinder Foundation. In this regard both parties agreed to conduct further studies and continue discussions to achieve the objectives outlined in the MoU, the first such an understanding to be reached by the Pathfinder Foundation with a State institution in China.                       

 

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