Written by Staff Writer
01 Sep, 2020 | 6:00 pm
Colombo (News 1st); The US administration newly banned 24 Chinese companies from buying American products with an accusation of them constructing on Chinese islands and helping “militarizing” the South China Sea.
The Chinese Embassy in Sri Lanka said the sanctions imposed by the US on 24 companies have no international legal effect and is a violation of international law and norms.
The US had recently imposed sanctions of 24 Chinese companies that included the China Communications Construction Company that is involved in the construction of the Colombo Port City and its subsidiary companies.
The sanctions had been imposed by citing the construction of artificial islands in the South China sea.
China Communications Construction Company is serving as the main contractor for these projects.
The statement said China firmly opposes it and has urged the US administration to rectify its mistakes and immediately stop interfering in China’s internal affairs.
At the same time, India, Japan, and Australia have agreed to work towards a new plan that would counter China’s trade dominance.
Indian media reported the trade ministers of the three countries have agreed towards achieving supply chain resilience in the Indo-Pacific region.
These ministers have instructed their officials to promptly hammer out details for an initiative to strengthen supply chains for launch later this year.
According to Indian media reports, Japan’s Hiroshi Kajiyama, India’s Piyush Goyal, and Australia’s Simon Birmingham had discussed extensively on these matters during a video conference on Tuesday (01) afternoon.
29 Oct, 2020 | 08:02 PM
29 Oct, 2020 | 04:36 PM
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