Sri Lanka-Pakistan :
Business Forum a success
The Sri Lanka-Pakistan Business Forum 2010 was a success for both
countries in strengthening the trade ties.
The business community of both countries should take this opportunity
of approaching the two billion population in the SAARC region with more
active joint ventures, Federation of Chambers of Commerce and Industry
Sri Lanka (FCCISL) Past President Nawaz Rajabdeen told Daily News
He said Sri Lanka has maintained good relationships where the country
has entered into several Free Trade Agreements (FTA). There is a good
possibility for Sri Lanka to manufacture and export, but we need to add
value to products we export. The country could attract a huge market,
which comprise two billion population; with a value addition of 35
percent and the Sri Lankan origin, as the access to the SAARC market is
easy with FTAs", he said.
"The time is right for Sri Lanka to harness the large markets with
the sound economic environment.
However, not many of the Pakistan business community have looked at
the potential for businesses in Sri Lanka.
The Sri Lanka-Pakistan Business Forum 2010 facilitated a common door
to create a strong bridge of trade between the two countries.
We expect that the countries will take up business seriously from
here", he said.
Rajabdeen said the Kankesanthurai cement plant is the largest cement
plant in Sri Lanka. The Government is expecting to re-open the cement
However, it is crucial to improve the infrastructure such as
railways, roads and ports to create a better market access.
Thus, the Government is taking accelerated steps to developing the
infrastructure in the area, while intensifying the development of the
Within the next two years the cement plant will be opened and will
have a greater access to market too.