Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 1 hour, 14 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
EASA approves SriLankan Engineering’s operations
COLOMBO: The European Aviation Safety Agency (EASA) has approved SriLankan Engineering to carry out Base Maintenance operations on Airbus A330 aircraft as per EASA Part-1..
Sri Lanka’s travel sector hit by political woes
COLOMBO: Sri Lanka’s travel industry is starting to suffer the fallout of a political crisis in the middle of its peak tourist season, as uncertainty prompts cancellation..
Sri Lankan rupee ends firmer on dollar remittances
COLOMBO: The Sri Lankan rupee closed firmer on Monday as banks sold dollars due to month-end inward remittances, but the rupee is still under pressure as investors contin..
Colombo rail project hit by political woes
COLOMBO: A $1.7 billion loan to build a light rail transit system in Colombo funded by Japan has been derailed by a political crisis with the deadline for signing the loa..
Sri Lanka may cut tea production target
COLOMBO: Sri Lanka may have to downgrade its full-year forecast for tea production after output tumbled 14 per cent in August from a year earlier due to a prolonged droug..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright