Sri Lanka for enhancing bilateral trade with Pakistan

March 06, 2021

Sri Lankan High Commissioner vice admiral (retd) Mohan Wijewickrama has said that his country is trying to enhance the volume of bilateral trade with Pakistan. The News said Addressing the business community at the Faisalabad Chamber of Commerce and Industry (FCCI) here on Friday, the HC said that Sri Lanka was the second largest trade partner of Pakistan in South Asia. “Our potential was $2.5 billion but our bilateral trade was stuck up at only $388 million despite signing the Free Trade Agreement”, he added. He told that Sri Lankan exports to Pakistan were only $64 million and he intends to enhance it to a reasonable level. He said that Pakistan had inked its first Free Trade Agreement (FTA) with Sri Lanka providing duty free access to each other. He said that Pakistan imported 10 million tons of black tea under this agreement which reflects our close relations.

Share this story

Sri Lanka for enhancing bilateral trade with Pakistan

RELATED NEWS

STF deploys 17 teams against organised crime

Teacher recruitment must protect education quality, Prime Minister tells Parliament

Sri Lanka in continuing talks with India over bottom trawling, Nalinda tells Parliament

School hours to remain unchanged under 2027 education reforms

STF deploys 17 teams against organised crime

Teacher recruitment must protect education quality, Prime Minister tells Parliament

Sri Lanka in continuing talks with India over bottom trawling, Nalinda tells Parliament

Whom the Gods would destroy, they first make mad!

School hours to remain unchanged under 2027 education reforms

CA Sri Lanka proposes AI-powered tax compliance system for 2027 Budget

Litro to release 350,000 gas cylinders over next three days

Low-pressure area moves west but rain to continue across Sri Lanka

Lanka, Romania discuss protection of 26,000 Lankan workers