Sri Lanka discuss boosting bilateral trade with Pakistan
Pakistan High Commissioner to Sri Lanka, Maj. Gen. (Retd) Muhammad Saad Khattak, accompanied by Trade and Investment Attaché Asmma Kamal, has reportedly called on Sri Lanka’s Trade Minister Bandula Gunawardena recently.
The two parties have reportedly held a very fruitful discussion to strategise a way forward in streamlining and enhancing bilateral trade under Sri Lanka’s Free Trade Agreement (FTA) with Pakistan.
According to reports, both sides had agreed on undertaking all possible measures to resolve impediments in a mutually-beneficial way in order to materialise the high bilateral trade potential between the two friendly countries.
The High Commissioner has also invited Minister Gunawardena to visit Pakistan at his earliest convenience, which will boost bilateral trade, joint ventures and economic cooperation between Pakistan and Sri Lanka.
OSL take:
Sri Lanka enjoys strong bilateral and trade ties with Pakistan with the two countries enjoying a free trade agreement (FTA) as well. Sri Lanka is fast becoming a business hub in the South Asian region given it’s geographical positioning in the Indian ocean and the many trade agreements as well as trade concessions enjoyed by the country. Sri Lanka is also further strengthening ties with countries in the region. Foreign businesses/investors could explore business opportunities in Sri Lanka and also look at setting up base in the country to engage with other South Asian region.
Article Code : | VBS/AT/20210614/Z_1 |