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Sri Lanka to boost trade with Pakistan

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Sri Lanka to boost trade with Pakistan

Sri Lanka is keen to expand trade ties with Pakistan, said Sri Lankan High Commissioner Air Chief Martial (Retd) Jayalath Weerakkody on Monday.

Talking to a delegation of Rawalpindi Chamber of Commerce and Industry (RCCI), which met him at his office in Islamabad, the High Commissioner said Sri Lanka has strong political relations with Pakistan and now trade ties between the two countries will be promoted, said a press release.

The High Commissioner said Pakistani products are very popular in the Sri Lankan markets and they have established their names due to their high quality.

The delegation comprising senior vice president Mian Attique, vice president Dr Shamial Daood, Khalid Farooq Qazi, Malik Jamshed, Mamoon Anwar and Muhammad Ali was led by RCCI President Ali Raza Shah.

He informed the delegation that his country will also boost its investment in Pakistan.

Underlining the need of strengthening bilateral trade ties he said, Pakistan and Sri Lanka have inked several bilateral agreements including for free trade and now both the countries should take benefit to the free trade agreement.

Addressing the participants, President Rawalpindi Chamber Ali Raza Shah said that despite the negative impacts of global recession and war against terrorism on national economy, the country's exports showed an upward trend which is a good omen.

Pakistani exports volume has reached to $20 billion, he said adding, increasing exports volume further is not a difficult task if the government takes on board the business community while formulating the national export policy.

He said Pakistan and Sri Lanka have enjoyed very close and strong friendly ties, Stressing the need to increase the trade volume he said, solid steps aimed at boosting business between the two countries are necessary.

President RCCI said Pakistani products including surgical items, leather goods, rice, electronics, vegetables and fruits have huge demand in Sri Lankan Markets.

He urged the High Commissioner to help arrange exhibitions for the Pakistani products so that more products could be introduced in Sri Lankan markets.

President RCCI said that promotion of trade between the two friendly countries will help ensure stability and development in the region.

Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Sri Lanka keen to boost trade with Pakistan: Sri Lankan HC
 

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