28th March 2024 (11 Topics)

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China to 'assist' Sri Lanka in building deep sea port

Context

China (Sri Lanka’s primary bilateral creditor) has pledged to develop Sri Lanka’s strategic deep sea port and the capital's airport after talks with his counterpart in Beijing.China says it is willing to work with Sri Lanka to carry forward the spirit of the Rubber-Rice Pact.

Key Highlights

China offered “assistance to develop” the capital’s Katunayake International Airport, Hambantota Port, and Colombo Port.
- The strategically significant Hambantota Port was handed to China in 2017 on a 99-year lease.
- The Hambantota Port, also known as the Magampura Mahinda Rajapaksa Port, is a maritime inland port located in Hambantota, Sri Lanka.
- It is located down the southern coast of the island.
- Located ten nautical miles from the global shipping route linking the Far East with the West, Hambantota Port is Sri Lanka's most diversified deep-water, multi-purpose port.

Fact Box: Rubber-Rice Pact

India and the United States are both concerned that a Chinese foothold at Hambantota, on the island’s southern coast, could boost its naval advantage in the Indian Ocean.
Sri Lanka has insisted its ports will not be used for any military purposes, but New Delhi has objected to Chinese research vessels calling at Hambantota fearing that they could be used for espionage.

Preventing a China-Taiwan conflict

International Relations Bilateral relations

The politics of humanitarian aid

International Relations Miscellaneous

WTO’s investment facilitation negotiations are not illegal

Economy Trade and Commerce

Sustainable Construction

Ecology and Environment Environmental Pollution

‘Effectiveness’ of Carbon Credits

Ecology and Environment Environmental Governance

Slowdown in Foreign Direct Investment

Economy Trade and Commerce

Mohiniyattam

Art and culture Indian Culture

Bima Sugam

Polity & Governance Scheme

Meme coins

Economy Money and Banking

T+0 settlement system

Economy Trade and Commerce

GS Analyst: Daily Current Affairs

28th March 2024 (11 Topics)

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China to 'assist' Sri Lanka in building deep sea port

Still Have Questions?

GS Analyst: Daily Current Affairs

China to 'assist' Sri Lanka in building deep sea port

Still Have Questions?

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