Tag: Debt-Trap diplomacy

China – Sri Lanka fertiliser dispute – Yet another example of China’s Debt-Trap diplomacy
Asia, Featured

China – Sri Lanka fertiliser dispute – Yet another example of China’s Debt-Trap diplomacy

The Chinese company has launched an international arbitration procedure to settle a growing dispute over the fertiliser export contract to Sri Lanka. The contract to be arbitrated in Singapore is worth $49.7 million. Seawin Biotech wants the Sri Lankan government to pay 70% of the claim alongside the demand that the Sri Lankan agriculture ministry […]