Iran, Sri Lanka to expand bilateral ties in industry and commerce

May 16, Teheran: Iran and Sri Lanka have expressed desire to expand the bilateral ties between the two countries in industrial and commercial fields and had held discussions on Sunday in this regard.

Iran’s Foreign Minister Ali Akbar Salehi, who met with the visiting Sri Lankan Minister of Industry and Commerce Rishad Bathiudeen on Sunday in Teheran, has said that Iran is ready for enhancing ties with Sri Lanka in industrial and commercial fields.

The Iranian Minister has noted the already existing favorable ties between Iran and Sri Lanka in economic and trade areas and emphasized that Islamic Republic is ready to expand relations with Sri Lanka in industrial area, the Islamic Republic News Agency (IRNA) reported.

The industries under discussion included construction of cement factory, machine manufacturing, and building construction.

“Sri Lanka can make use from Iran’s experiences in different areas,” the Iranian Minister has pointed out.

Minister Bathiudeen has said that he expects more Iranian companies to take part in Sri Lanka’s development projects in future.

The Sri Lankan Minister has appreciated the Iran’s support to Sri Lanka and expressed hope that such support would continue in future.

The Minister has also met the Commerce Minister of the Islamic Republic of Iran, Dr. Mehdi Ghazanfari and held discussions on the commerce and trade between the two countries.

The Iranian Minister expressed hope that the annual trade value, which currently stands at $120 million, would reach $400 million.

During their meeting, the two ministers have discussed plans to establish a joint business council.

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