Pakistan’s prime minister Navaz Sharif will visit Sri Lanka next week to sign a series of bilateral agreements reports Colombo Page.
Mr Sharif is expected to arrive in Sri Lanka on a 3 day visit and sign an agreement between the Trade Development Authority of Pakistan and the Sri Lankan Export Development Board to promote trade relations between the two governments.
Sri Lanka aims to enhance its export of tea and rubber to Pakistan, whilst Pakistan will look to increase its export of rice Sri Lanka.
Pakistan and Sri Lanka already enjoy a Free Trade Agreement (FTA) which was put in place in 2005. The agreement was the first free trade accord that Pakistan signed with any other country.
The two governments aim to increase the volume of bi-lateral trade between Pakistan and Sri Lanka from $350 million to $1 billion through increased bilateral relations.
Mr Sharif is expected to arrive in Sri Lanka on a 3 day visit and sign an agreement between the Trade Development Authority of Pakistan and the Sri Lankan Export Development Board to promote trade relations between the two governments.
Sri Lanka aims to enhance its export of tea and rubber to Pakistan, whilst Pakistan will look to increase its export of rice Sri Lanka.
Pakistan and Sri Lanka already enjoy a Free Trade Agreement (FTA) which was put in place in 2005. The agreement was the first free trade accord that Pakistan signed with any other country.
The two governments aim to increase the volume of bi-lateral trade between Pakistan and Sri Lanka from $350 million to $1 billion through increased bilateral relations.