Commercial ties between Sri Lanka and Pakistan offer many profitable prospects and both countries have a strong desires and are committed to further develop the trade and commercial ties between the two countries and cross the mark of US$2 billion in the coming years, the Pakistan's High Commissioner in Colombo Seema Ilahi Baloch has said.
At the occasion of the opening of 'Made in Pakistan - Single Country Exhibition 2012', last week, the High Commissioner has noted that the two countries have enjoyed excellent relations with the bilateral trade reaching up to US$ 390 million in 2011 from US$ 255 million in 2008.
"We also need to strive to add more substance to our economic cooperation and benefit from each other's strengths," she has remarked.
Pakistan's Rawalpindi Chamber of Commerce and Industry (RCCI) in partnership with the High Commission of Pakistan in Sri Lanka have organized the week long exhibition from 26th April to 1st May 2012.
More than 50 Pakistani trading and manufacturing companies participated in the exhibition. Among the products displayed in the exhibition will be Carpets, rugs, Onyx products, Jewellery, brass crafts, sports equipment, fashion and fabrics, leather goods, handicrafts, rosewood furniture and house wares, etc.
Sri Lanka is the first country with which Pakistan entered into a Free Trade Agreement for trade of goods in 2005. While Pakistan listed 206 products as immediate zero duty concession products, Sri Lanka listed 102 products.
The visit of the President of Pakistan in November 2010 and the visit of the President of Sri Lanka to Pakistan in February this year have provided the much needed impetus to the economic and commercial ties between the two countries, Ms. Baloch pointed out.
Allaying concerns of security threats in Pakistan, the High Commissioner said today's context conflicts prevail all over the world and trade and investment goes on irrespective of those issues and Sri Lanka itself is a prime example.