Tea helps turn trade balance with Poland in Sri Lankaâ€™s favour
ECONOMYNEXT – Sri Lankan exports of traditional products like tea have helped turn the balance of trade with Poland in the island’s favour, said Samantha Ranatunga, Chairman of the Ceylon Chamber of Commerce.
“Ceylon tea is well known in Poland and the potential to increase our exports of tea to Poland further is immense,” he told the Sri Lanka – Poland Business Forum
Exports from Sri Lanka to Poland increased to 53 million US dollars in 2014 from 47 million dollars in 2013 while imports from Poland to Sri Lanka increased from 13 million dollars in 2013 to 18 million dollars in 2014.
“The high volume of exports has contributed to the balance of trade in favour of Sri Lanka,” Ranatunga said.
“This is rare for our country and more the reason why we value doing business with Poland.”
The main items Sri Lanka is exporting to the Polish market consist mostly of the traditional items like tea, spices, garments and rubber products.
Ranatunga urged the Polish business community to look at other agricultural products for import to boost bilateral trade.
Sri Lanka imports items like paper and paperboard, machinery, agriculture equipment, electrical items and iron and steel from Poland. (Colombo/October 08 2015)