Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 40 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Sri Lanka, Pakistan plan new trade pact
July 25, 2016
 Print    Send to Friend

NAIROBI: Sri Lankan Minister of Industry and Commerce Rishad Bathiudeen said that Pakistan has proposed for a new, turnaround level trade between the two countries.

Pakistani Minister for Commerce Khurram Dastgir Khan suggested widening the trade with Sri Lanka during a bilateral meeting with Minister Bathiudeen on the sidelines of 14th Session of the UN Conference on Trade and Development in Nairobi, Kenya.

“Our analysis is that our two economies do not compete with each other and therefore we can aggressively open up to move from our current “few items trade basket” to a much larger trade scheme,” Khan said.

“We believe we can start our new rounds with a Mutual Recognition Agreement. We have an opportunity here-Let us walk the talk,” he said.

Khan also noted that the Pakistan single country exhibition held in Colombo was a great success and generated new trade interest among Pakistani businesses adding that “We also invite stronger Lankan trade and business delegations to Pakistan so that we can start at B2B levels.”

Bathiudeen welcoming the trade expansion offer, assured Khan that Sri Lanka is working to send a strong trade and B2B delegation to Pakistan in the near future and said he will inform the government leaders of the offers including the call for a Mutual Recognition Agreement.

Reuters

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
Sri Lanka to attract $2.5 billion through FDI
COLOMBO: Sri Lanka will receive a record $1.5 billion in foreign direct investment (FDI) this year and aims to attract $2.5 billion in 2018, the head of the government’s ..
SriLankan Airlines bags regional award
COLOMBO: SriLankan Airlines has won the title of ‘Best Full Service Airline in Central & South Asia’ for the third consecutive year at the Future Travel Experience Asia A..
Sri Lanka’s budget likely to target exports
COLOMBO: Sri Lanka’s coalition government will seek to stoke exports and employment through support for the small business sector in its 2018 budget, a move that is likel..
Sri Lanka keen on early conclusion of China trade deal
BEIJING: Sri Lanka is keen to reach agreement soon on a free trade deal with China, its foreign minister said, describing Beijing as a close friend and ally, despite stro..
Sri Lanka has ‘clear plan’ to deal with debt crisis: CB
NEW YORK/COLOMBO: Sri Lanka has a ‘clear plan’ to manage its debt, with proceeds of any divestment and privatization to be used to repay loans the island nation has borro..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright