News – UK – Envoy sees good results on Prime Minister’s visit to Sri Lanka

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LAHORE – Vice Admiral High Commissioner of Sri Lanka Mohan Wijewickrama hoped on Wednesday that Prime Minister Imran Khan’s recent visit would help give a quantum leap to bilateral trade he spoke at a meeting Also in attendance at Lahore Chamber of Commerce, & Industry were LCCI Vice President Tahir Manzoor Chaudhry, former Senior Vice President Amjad Ali Jawa and members of the Executive Committee The Sri Lankan High Commissioner said that during the Pakistani Prime Minister’s visit to Sri Lanka one A series of MoUs have been signed that would pave the way for strengthening mutual trade and consolidating economic ties.He said the two countries have historical social, political and trade ties, but the mutual trade does not reflect the potential of the two countries. that joint ventures between the private sector of the two countries He said both countries should take full advantage of the Sri Lanka-Pakistan Free Trade Agreement He said Pakistan should increase imports of the best quality Ceylon tea from Sri Lanka

Tahir Manzoor Chaudhry said that Pakistan and Sri Lanka have historically had good relations. Both countries are also members of the SAARC and continue to maintain friendly relations. He said that the bilateral trade volume has not exceeded $ 500 million despite the excellent relations that bilateral trade peaked at $ 462 million in 2018, but slipped to $ 389 million in 2019 due to the 9% decline in exports and 38% in imports.He said that Pakistan’s exports to Sri Lanka in 2019 were $ 324 million While imports were worth $ 65 million. He said exports to Sri Lanka were made from woven fabrics made from cotton, cement, potatoes, pharmaceuticals and corn, etc. Existence Imports included vegetables, fiberboard, natural rubber and copra, etc.

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News – UK – The envoy sees good results from the Prime Minister’s visit to Sri Lanka

Source: https://nation.com.pk/04-Mar-2021/envoy-sees-good-results-from-pm-s-visit-to-sri-lanka