Qamar Zaman Gill, Acting President FPCCI said that Pakistan and Sri Lanka have great potential to expand their trade relations which has been supplemented by the Free Trade Agreement (FTA) between the two countries.
During a meeting with V S Sidath Kumar, Consul General of Sri Lanka at Federation House, Karachi, Gill said that presently the trade volume is in favour of Pakistan which is likely to be little balanced through FTA.
While briefing the consul general about the activities of FPCCI, he suggested for aggressive marketing of Sri Lankan commodities in Pakistan particularly tea and service sectors particularly medical hospitals, tourism and education.
He said that Pakistan and Sri Lanka complement each other in various sectors particularly in tourism, pharmaceutical, readymade garments etc while Sri Lanka is a potential market for Pakistani rice, fruits, leather, surgical and sports goods etc.
The consul general said that presently Sri Lanka had been importing textile from India and Pakistan for value addition in the form of readymade garments which were being exported to European countries under GSP Plus scheme.
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