In a situation where unrivalled progress is possible, taking advantage of the twin factors of durable peace combined with a unique degree of political stability, Minister of External Affairs Prof. G.L. Peiris suggested to China’s Intelligentsia viable avenues for further reinforcing a relationship which has stood the test of time since the establishment of diplomatic relations in 1958.

Prof. Peiris, who is on an official visit to the People’s Republic of China, on the invitation of China’s Foreign Minister Yang Jiechi, stated this while addressing the Institute of International Studies in Shanghai.

Sri Lanka has deep appreciation of the understanding and support extended by China during the country’s sustained effort to eradicate terrorism, and now looks forward to a strengthened and expanded relationship in responding to the economic challenges which lie ahead, he said.

The Minister also referred to China’s active involvement in the building of infrastructure – especially in the fields of ports, highways and the power and energy sector – and explained in detail the plans of the Government of Sri Lanka in respect of accelerated development of the economy.

Prof. Peiris explained the results achieved within a period of less than a year in resettling internally displaced persons, and the government’s initiatives in reviving the economy so as to restore livelihoods. He dealt with the new change in Sri Lanka, consequent on the final defeat of terrorism, which made possible unprecedented developments with regard to tourism, investment and trade.

He also said that the economy is currently developing under President Mahinda Rajapaksa’s leadership at more than 7% and that the country’s external reserves have reached an unsurpassed level of more than 6 billion U.S. Dollars. He referred to the threshold of confidence indicated by the performance of the stock market.

Minister Peiris also briefed the audience about the steps taken by President Mahinda Rajapaksa to set up a Lessons Learnt and Reconciliation Commission in the post-conflict situation and to dismantle, to a very substantial extent, the emergency apparatus after the return of normalcy.

He explained the government’s views on several aspects of constitutional reform and the political process.