Lanka-Pak trade to cross $2 bn dollar in coming years: Envoy

Both countries are committed to further develop commercial ties and take the bilateral trade to over the USD 2 billion mark in the coming years, she told the gathering early this week.

Last Updated: May 04, 2012, 18:21 PM IST

Colombo: Bilateral trade between Sri Lanka and Pakistan is likely to cross the USD 2 billion dollar mark in the coming years, Pakistan’s envoy to the country, Seema Ilahi Baloch, has said.

Speaking on the occasion of ‘Made in Pakistan Single country exhibition 2012’ the Pakistan High Commissioner said Commercial ties between Sri Lanka and Pakistan offer many profitable prospects.

Both countries are committed to further develop commercial ties and take the bilateral trade to over the USD 2 billion mark in the coming years, she told the gathering early this week.

The two-way trade between Pakistan and Sri Lanka rose to USD 390 million in 2011 from USD 255 million in 2008, she noted.

The week long trade exhibition was organised by Pakistan's Rawalpindi Chamber of Commerce and Industry (RCCI) in partnership with the High Commission of Pakistan in Sri Lanka.

More than 50 Pakistani trading and manufacturing companies participated in the exhibition that concluded earlier this week.

Among the products displayed in the exhibition were carpets, rugs, onyx products, jewellery, brass crafts, sports equipment, fashion and fabrics, leather goods, handicrafts, rosewood furniture and house ware.

Sri Lanka entered into a Free Trade Agreement with Pakistan in 2005.

PTI