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Friday, June 22 , 2012 - 7.20 GMT
Iraq looking for Lankan apparel, rubber in big volumes


In addition to Pure Ceylon Tea, we now want Sri Lankan apparel and raw rubber, none of which are being produced in Iraq , Kahtan Taha Khalaf, Iraqi Ambassador to Sri Lanka said.

We really like Pure Ceylon Tea, which is the bulk of our imports from Sri Lanka . We now look for Sri Lankan apparel and raw rubber in large volumes. There is no home production of either of these in Iraq , he added.

The Iranian Ambassador apprised Rishad Bathiudeen, Minister of Industry & Commerce of import needs from Sri Lanka during his courtesy call on the Minister at the Ministry of Industry and Commerce yesterday (June 21).

We import all our requirements of garments and rubber. We also invite Sri Lankan investors and businessmen to visit Iraq , Kahtan Taha Khalaf said. “We also invite a strong business delegation to Baghdad Int’l Fair 2012 to be held in November” he added.

Minister Bathiudeen said that Sri Lankan apparel with their good branding have become a major export item in global markets. In April this year we exported $ 295.5 Mn apparel, he said. He invited Iraqi garment sales businesses and other investors to begin joint ventures in apparel manufacturing in Sri Lanka.

We are able to supply your rubber needs and in keeping with our export policy, we can abundantly supply the Iraqi markets with our value added rubber products, Minister Bathiudeen said.

Bilateral trade between Sri Lanka and Iraq which stood at $ 8.76 Mn in 2003 had reached $ 37.5 Mn in 2009 with 98% of it being tea exports to Iraq . Sri Lanka was the major supplier of tea to Iraq with 65% of the total annual intake of our tea by Iraq until 1990. Currently, more than 90% of Sri Lanka exports to Iraq consist of tea.

The 7th Session of the Sri Lanka-Iraq Joint Committee for Economic and Technical Cooperation, which was held in Colombo 21-22 October 2010, concluded successfully with the establishment of Committees to study various areas of cooperation.





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