Exports to Malaysia rise

Hathoon Sheriffdeen

EXPORTS: The Sri Lanka-Malaysia Business Council is working on promoting business within both countries. Records reveal that exports from Sri Lanka to Malaysia have increased by 102 per cent in 2006.

According to Sri Lanka-Malaysia Business Council records exports to Malaysia in 2006 was Rs 2562 m.

Export of cloves worth Rs 848 m. for 2006, is the highest item exported to Malaysia from Sri Lanka, which is 33 per cent of the total exports to Malaysia in 2006. Imports in 2006 from Malaysia to Sri Lanka has also increased by 35 per cent to Rs 44,992 million. This shows the exploration of trade and investment within both countries.