Lankan Ranger
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Enormous potential for growth: Bangladesh to Sri Lanka
Sri Lanka and Bangladesh should explore opportunities in the ICT, construction and ship-building sectors in which Bangladesh has made great strides, said Bangladesh High Commissioner to Sri Lanka, Sufiur Rahman.
He was speaking at a bilateral trade seminar between Sri Lanka and Bangladesh organised by the National Chamber of Commerce of Sri Lanka recently.
Rahman said that there is enormous potential for growth in trade and investment between the two countries which are emerging economies in the region.
Sri Lanka has ample resources and Bangladesh has the manpower which should be complemented to boost economic growth in both countries, he said.
Bangladesh has a large workforce and it is a leading exporter of garments in the region. Ship building is a major foreign exchange earner. It was revealed that Lanka's exports to Bangladesh have increased by around 150% during 2006-2011. Imports from Bangladesh have increased by 100% in 2011 compared to 2010.
Sri Lanka s main exports to Bangladesh are cotton, mineral fuel, mineral oils and products, bituminous substances, rubber and rubber products, enzymes, miscellaneous chemical products, special woven fabrics and textile fabrics. Sri Lanka imports from Bangladesh woven garments, pharmaceuticals, jute yarn and twine, knitwear, textile fabrics, sacks and bags, plastic goods, cotton yarn, iron chains, leather, engineering products and furnace oil.
Enormous potential for growth - Bangladesh High Commissioner
Sri Lanka and Bangladesh should explore opportunities in the ICT, construction and ship-building sectors in which Bangladesh has made great strides, said Bangladesh High Commissioner to Sri Lanka, Sufiur Rahman.
He was speaking at a bilateral trade seminar between Sri Lanka and Bangladesh organised by the National Chamber of Commerce of Sri Lanka recently.
Rahman said that there is enormous potential for growth in trade and investment between the two countries which are emerging economies in the region.
Sri Lanka has ample resources and Bangladesh has the manpower which should be complemented to boost economic growth in both countries, he said.
Bangladesh has a large workforce and it is a leading exporter of garments in the region. Ship building is a major foreign exchange earner. It was revealed that Lanka's exports to Bangladesh have increased by around 150% during 2006-2011. Imports from Bangladesh have increased by 100% in 2011 compared to 2010.
Sri Lanka s main exports to Bangladesh are cotton, mineral fuel, mineral oils and products, bituminous substances, rubber and rubber products, enzymes, miscellaneous chemical products, special woven fabrics and textile fabrics. Sri Lanka imports from Bangladesh woven garments, pharmaceuticals, jute yarn and twine, knitwear, textile fabrics, sacks and bags, plastic goods, cotton yarn, iron chains, leather, engineering products and furnace oil.
Enormous potential for growth - Bangladesh High Commissioner
