Sri Lanka, Pakistan to expand free trade deal
ECONOMYNEXT – Pakistan and Sri Lanka are in the process of “refining” the Free Trade Agreement between the two countries, its envoy said.
High Commissioner of Pakistan in Sri Lanka Syed Shakeel Hussain said that Pakistan and Sri Lanka have “intensified engagement and undertaken substantive measures to further deepen and broaden the economic and political relationship between the two sides.”
A statement quoted Hussain as saying that the two countries aim to expand the portfolio of tradeable items and encourage bilateral investment.
He said that the recently concluded Pakistan Single country Exhibition in Colombo has contributed in promoting Pakistan – Sri Lanka economic relations by diversifying the existing trade patterns.
Hussain’s comments were made during a ceremony held to mark the 76th National Day of Pakistan.
He said Pakistan is engaged in Sri Lanka’s social sector development process supporting construction of schools, hospitals, houses for refugees, clean drinking water supply projects, and setting up computer training centers.
(COLOMBO, March 24, 2016)