October 9, 2020 10:46 PMCOLOMBO: China and Sri Lanka plan to restart discussions on a free trade agreement, Sri Lankan President Gotabaya Rajapaksa said on Friday, following a high-level meeting between the two countries.
In 2017, Sri Lanka signed over control of a Chinese-financed port and land around it to Beijing after incurring heavy losses, to the alarm of the US and regional power India. “Many geo-political analysis interprets this project as a ‘debt trap’ set up by China to gain control over Sri Lankan affairs,” Rajapaksa told the Chinese delegation, led by Yang Jiechi, one of China’s top diplomats.
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