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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2676

Sri Lanka will attend seventh SAARC trade fair in Pakistan

Sunil C. Perera - Reporting from Sri Lanka

Colombo, 25 May, ( The Export Development Board [EDB] of Sri Lanka is now engaged with the local exporters to grab a number of new business orders from SAARC countries attending the seventh SAARC trade fair, which is to be held in Karachchi, Pakistan from June 16 to 18 this year.

Mrs. Ranjani Thudugala, Marketing Directress of the EDB, says that the forthcoming SAARC trade fair would bring more export orders and the local exporters have decided to expand their wings to cover the entire SAARC region.

The Seventh SAARC trade fair would provide good opportunities for Sri Lankan exporters and the EDB wishes to assist 16 local exporters to attend this mega exhibition.

“The EDB provide financial assistance to obtain trade stalls in the forthcoming trade fair and promote a range of products .The total expenditure would be 1.4 million rupees “, said Mrs .Thudugala.

Speaking to media Mrs.Thudugala said that Sri Lanka’s exports and imports to and from Pakistan has gradually increased during this period. Also implementation of Sri Lanka –Pakistan Free Trade Agreement has further resulted in increasing both exports and imports. In 2005, 0.67 percent of Sri Lanka’s total exports to world were made to Pakistan and Sri Lanka’s share in Pakistan market represented 0.25 percent in the same year.

Sri Lanka’s main exports to Pakistan in 2005 comprised of Copra , Sheet Rubber , Tea in bulk, Betel leaves , Fibre board of wood , Coconut fresh nuts , Crepe Rubber , Desiccated coconut, Coconut Ekels , Artificial resins , plastic materials , Nutmeg and mace , Rice , Block Rubber , Woven fabrics and Tents of other textile materials.

Organizing of Sri Lanka’s participation at this fair is timely for exploring export opportunities in the context of Pakistan-Sri Lanka Free Trade Agreement and the SAFTA .The EDB will maintain a stall to provide information related to trade, particularly exports from Sri Lanka and on Pakistan –Sri Lanka Free Trade Agreement, attend to trade enquiries on other exportable products and co-ordinate and evaluate the performance of the participating companies.

The SAARC trade fair series have been playing a useful and catalytic role in promoting intra regional trade and commercial operation .The first trade fair was held in New Delhi, India in 1996.Since then this has become a regular feature to promote economic corporation among the member countries.

- Asian Tribune -

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