In yet another major success in its export diversification efforts, Sri Lanka is moving towards considerable exports push with the easternmost NATO power in the world. And this G20 economy has made Sri Lanka a ‘Partner’ in the İzmir International Fair, the oldest trade show in Turkey, taking place for the 82nd time this year.
“As of now, we already enlisted a 20 member strong delegation to the forthcoming Izmir international fair in Turkey. This delegation is still in its formulation process and not the final exhibitor numbers at all, which I believe could be much higher” said Minister of Industry and Commerce , Rishad Bathiudeen.
“Trade balance is favoring Sri Lanka with a huge sixfold increase over the recent past” said Minister Bathiudeen, addressing Iskender Okyay, Turkish Ambassador to Sri Lanka. “The EDB is planning a special Sri Lanka pavilion at Izmir. A Lankan team has visited Turkey in advance already and completed its reconnaissance of the trade venue, to set up the Lanka pavilion. I am pleased to inform that apart from the exports and trade delegation, there will be a Lankan cultural troupe too taking part in this fair. Also, we have already enlisted our rubber, tea and coir sectors that continuously display strong demand in the Turkish market. All these arrangements are aimed at sending the biggest and best export promotional message to Turkey and the participating global market players” added Minister Bathiudeen.
Turkey, which became the world’s fastest growing economy in 2010 and 2011 beating the global recession, is also the first NATO member to upgrade its exposition affinity with Sri Lanka to ‘expo partnership’ level.
The balance of trade between Sri Lanka and Turkey has been in favour of Sri Lanka during the last 8 years, increasing six-fold-from $ 14.7 Mn to $ 88.39 Mn by 2012, which shows that Sri Lanka has a prominent role in the forthcoming Izmir Trade Show.
The total trade turnover in 2005 which stood at $ 97.4 Mn almost doubled by 2012 to $ 190.57 Mn, registering an increase of 95.66% (compared to 2005).
The Izmir international fair, the 82nd edition to be held in 2013, is also one of the longest on-going trade fairs in the world, is not based on specific “themes” for display of the products and therefore is considered as an open-products fair of international scale.