Sri Lankan exports rise in Poland
Bilateral trade between Sri Lanka and Poland showed a significant
growth with exports from Sri Lanka to Poland doubling over the last six
years. Speaking at the Annual General Meeting of the Sri Lanka - Poland
Business Council (SLPBC) President Nirmalee Samaratunga said on a
year-on-year basis, exports from Sri
Website Launch: Honorary Consul General of Poland Ken Balendra
and SLPBC President Nirmalee Samarathunga at the launch of the
new website. Picture by Sumanachandra Ariyawansa
Lanka to Poland grew by 40 per cent over 2005 and imports from
Poland increased by 29 per cent over last year.
However tea remains the dominant export, accounting for over 50 per
cent of the total exports to Poland from Sri Lanka. Other export lines
such as value added coconut, rubber products, textiles, garments,
ceramics, gem and jewellery have found markets in Poland and need to be
developed further, he said.
"Although trade with Poland has increased it still remains at a mere
0.4 per cent of the country's total trade. We have noticed that
potential markets in Poland is still largely untapped by Sri Lanka.
Tourism is yet another potential sector both for inbound and outbound
travel," she said. "The polish economy has been growing at a steady pace
of over five per cent annually. It is driven by foreign direct
investments, EU development funds and remittances from foreign
employment. This has improved the real wages and income of the Polish
people resulting in greater purchasing power," she said.
Poland is an ideal gateway for Sri Lanka to enter into the European
Union and East European markets. Some local businesses are interested in
setting up warehouses in Poland to enter into EU.
"Poland could also use Sri Lanka as a gateway to the Indian and
Pakistani markets. Free Trade Agreements that Sri Lanka have with these
two countries and the EU GSP plus concessions will help attract more
polish investors to the country," she said.
Meanwhile, SLPBC launched its website yesterday.