Sept 06, Colombo: A Sri Lankan delegation of leading businessmen in the country is expected to visit Pakistan soon to establish direct contacts with Pakistani businessmen to boost the bilateral trade between two countries.
Sri Lankan Minister for Industry and Commerce, Rishad Bathiyutheen has revealed the plans at a meeting with the Pakistani Senior Minister for Commerce, Makhdoom Amin Fahim who is currently on a visit to Sri Lanka, the Associated Press of Pakistan reported today.
Senior Minister Fahim has said that his country believes there is a tremendous opportunity for trade between the two countries and works towards improving the business relationships with Sri Lanka.
Minister Bathiyutheen has said that Sri Lankan market provides great opportunity for Pakistani products especially fruits and vegetables, and appreciated Pakistan’s support for the Sri Lanka’s development.
The Pakistani Minister noting that Sri Lanka was the first country with which Pakistan signed the Free Trade Agreement (FTA), has emphasized the need to take positive working steps to further enhance the trade.
The FTA between signed on August 1, 2002, came into force on June 12, 2005 with the objective of enhancing bilateral trade between the two countries.
Pakistan is the second largest trading partner of Sri Lanka within the South Asian region. The bilateral trade between the two countries had sharply increased since the signing of the FTA. Trade between the two countries has increased from US$ 150 million to over US$ 300 million during last three years.
Pakistan’s High Commissioner to Sri Lanka, Ms. Seema Illahi Baloch was also present during the meeting.