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

  • Share via facebook
  • Tweet this
  • Bookmark and Share

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.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Women edge into Gulf boardrooms as economies, societies shift

Women edge into Gulf boardrooms as economies, societies shift

Amina al-Rustamani, CEO of TECOM Investments, is leading the...

2
Concerned for stability, Saudi Arabia tightens curbs on dissent

Concerned for stability, Saudi Arabia tightens curbs on dissent

Gulf kingdom intensifies crackdown on domestic dissent, raising...

Frustrated Kuwaitis ask, why is Kuwait falling behind?

Frustrated Kuwaitis ask, why is Kuwait falling behind?

Citizens wonder why oil producer Kuwait is not as dynamic a hub...

4
Most Discussed