Pakistan and Sri Lanka discuss ways to further strengthen trade relations between the two countries

Pakistan and Sri Lanka discuss ways to further strengthen trade relations between the two countries

Minister for Commerce and Textile of Pakistan Mohammad Pervaiz Malik during a visit to Sri Lanka has discussed issues affecting trade between the two countries including a slump in betel exports from the island nation.
The Ceylon Chamber of Commerce (CCC) has reportedly stated that the Sri Lanka-Pakistan Business Council meeting was aimed at having an open discussion on the issues facing both exporters from Sri Lanka and importers in Pakistan.
President of the Sri Lanka-Pakistan Business Council (SLPBC) Rohitha Thilakaratne has drawn attention to some of the hindrances facing exporters, reports state.
According to a statement issued by the Council, the issues include improper use of free trade agreements (FTAs), the recent slump in exports of betel products to Pakistan, recent issues in the agreement between the two countries on the import of Basmathi, non-tariff barriers, recent problem relating to phytosanitary regulations
Malik has reportedly promised to look into the issues raised and ensure workable solutions acceptable to both sides, the statement said.
The Minister has also extended an invitation to the SLPBC visit or to hold an exhibition in Pakistan which in turn could help increase the trade of Sri Lankan goods in Pakistan.

OSL take:

The recent meeting of the Sri Lanka-Pakistan Business Council to address trade issues between the two countries indicates the keenness of the two countries to further strengthen trade ties. The request by the Pakistani minister for Sri Lanka to hold an exhibition in Pakistan indicates the growing opportunities for trade between the two countries.

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Article Code : VBS/AT/20180208/Z_3

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