Sri Lanka, Palestine mull boosting trade cooperation

Thursday, 6 October 2011 00:00 -     - {{hitsCtrl.values.hits}}

Sri Lanka is keen to explore trade and business links with US$ 4.5 billion Palestine economy noting that a stronger Palestinian economy in future can present mutual trade opportunities to both.

Minister of Industry and Commerce Rishad Bathiudeen had expressed the desire to boost ties to Dr. Anwar H Al Agha, Ambassador of State of Palestine to Sri Lanka & Maldives when the latter paid a courtesy call.

The Palestinian Territory GDP for the second quarter of 2011 stood at US$ 4.5 billion with the projection that the GDP growth to exceed 3% in 2011. According to the Department of Commerce of Sri Lanka, in 2010, Sri Lanka exported goods to Palestine to the value of US $ 0.02 Mn, with no imports from Palestine. The balance of trade between the two countries has always been  in favour  of Sri Lanka. Sri Lanka’s major exports to Palestine are special yarn twine, coconut, and vegetable textile fibre.

 “The State of Palestine wants to increase its trade cooperation with Sri Lanka from its current levels.  Sri Lankan business delegations are encouraged to visit Palestine and meet Palestinian business community” Dr. Anwar H Al Agha revealed to Minister Bathiudeen.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.

COMMENTS

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.