Oman's Sri Lanka trade to reach $250m by 2015

Sri Lanka aims to boost its trade with the sultanate, says ambassador

Trade between Oman and Sri Lanka could increase to US$250m (OMR96.2m) by 2015, according to Sri Lanka’s ambassador to the Sultanate, HE Asoka Girihagama.

Speaking ahead of the first Sri Lankan Trade Exhibition and Food Festival, to be held from 12-14 February in Muscat’s Al Falaj Hotel, the ambassador explained there is potential to boost trade between the two countries.

He said: “In 2011 Oman-Sri Lanka trade stood at US$232m. We are keen to enhance our bilateral trade with Oman. Currently the trade balance is largely in favour of Oman, but we intend to reduce the deficit in the near future.

“The sultanate is a promising destination for Sri Lankan products and services.”

The man products imported by Oman from Sri Lanka include tea, ceramics and desiccated coconut, while oil products form the bulk of exports. The exhibition will give Sri Lankan entrepreneurs the opportunity to showcase their products and services with the hope of adding to the import portfolio.

Girihagama added: “The expo coincides with the celebrations of Sri Lanka completing 25 years of diplomatic relations with the Sultanate. This exhibition will further strengthen the excellent relationships and increase bilateral trade between the two countries.”

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
A humbler Qatar still wants to punch above its weight

A humbler Qatar still wants to punch above its weight

Qatar has acquired more than $335bn worth of assets around the...

Saudi Arabia spends money to make money

Saudi Arabia spends money to make money

Tour of Asia by Saudi Arabia's King Salman advances drive to...

Where is Bahrain headed?

Where is Bahrain headed?

The kingdom has identified jewels in its accelerating non-oil...

4
Most Discussed
sponsoredTracking