The Sri Lankan government has reviewed a plan to co-invest with partners in India, including Adani, and Japan to develop the East Container Terminal in Colombo after union pressure. Port investments in the region have a geopolitical as well as economic perspective, particularly with regards to China’s belt and road initiative as well as in terms of relations with India. The value of Sri Lanka’s maritime import activity has also been in decline with a 21.9% year over year slide in Q3’20/ That included a 14.4% dip in imports from India and a 74.7% slide in shipments from Japan. The latter ...
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