Iran craves for Pure Ceylon Tea
* Extends $ 2 m in ODI to Sri Lanka this
year
* Looking to partner marine port
construction
Iran wants to be Ceylon Tea's transshipment hub for Central Asia and
Ceylon Tea export volumes to Iran can now be increased dramatically due
to the growing demand. “We are surrounded by strong Central Asian market
of more than 300 million people who demand, just as own our Iranian
market, more and more Ceylon Tea. Also we can quench Central Asia's tea
thirst by acting as the Ceylon Tea hub for the region,” said visiting
Deputy Foreign Minister for Asia and Pacific Affairs Abbas Araghchi on
May 29 at the Ministry of Industry & Commerce, Colombo 3.
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An Arab national tasting the falvour
of Ceylon Tea at a Sri Lankan tea promotion at the recently
concluded Arabian Travel Mart Picture by Shirajiv Sirimane |
Araghchi make a courtesy call on Rishad Bathiudeen, Minister of
Industry and Commerce of Sri Lanka on May 29 at the Ministry of Industry
& Commerce, Colombo 3. Accompanying Araghchi were members of his
delegation and Iran's Ambassador to Colombo Mahmud Rahimi Gorji.
According to the Department of Commerce, Sri Lanka is the largest tea
supplier to Iran and 93% of Sri Lanka’s exports to Iran constitute of
tea (2010), followed by coconuts and cashew, trailers semi-trailers (not
mechanically propelled) and parts, lead oxides (read lead and orange
lead), palm oil and its fractions, optical, photographic, medical
instruments and parts. Bilateral trade between both countries continue
to show a positive trend specially from 2002 to 2011. Total trade
between the two countries surpassed US $ 1 million in 2008 and in 2011
it rose to US $ 1619 million.
The balance of trade between two countries has heavily and
continuously been in favour of Iran over the years. Petroleum oils
remain the most important item of imports from Iran followed by wheat
and meslin, urea, apparatus for transmission or reception of voice,
images or other data, palm oil and its fractions and food preparations
have also gained importance during last few years.
“The Department of Commerce under my ministry is doing the
preliminary work to establish Iran - Sri Lanka Joint Investment
Promotion Committee with the participation of Iran Foreign Investment
Company on behalf of the Islamic Republic of Iran and Board of
Investment of Sri Lanka on behalf of Sri Lanka,” he said.
Araghchi added, “We too are encouraged by growing trade volumes with
Sri Lanka. The trade volumes between Iran and Asian countries have been
growing and our bilateral trade with Sri Lanka too is on the rise. As
for investment here, we have identified opportunities in marine port
construction and development and as a result are especially keen on port
projects on a partnership basis. I stress that Sri Lanka and Iran should
strengthen trade cooperation at business to business level as well. We
are looking to form business partnerships with Sri Lankan firms on
construction projects as I stressed and a delegation from the Iranian
construction firm ‘Omran Rahat’ is now in Colombo with me for this
purpose.
We also want to extend $ two million in ODI to Sri Lanka this year.
Also, I am pleased to inform that Iran is taking Pure Ceylon Tea very
seriously.”
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