Bangladesh exports to Sri Lanka sharply increased in the just concluded fiscal year as the figure totalled $42.24 million registering a 38.76% growth over the previous year. Sri Lankan President Maithripala Sirisena is in Bangladesh now on a three-day official visit. As of FY2015-16, bilateral trade of two countries stood at $75.62 million and the trade is in favour of Sri Lanka. Experts think Bangladesh can ease trade gap with Sri Lanka focusing on its emerging pharmaceutical industry. He said the Sri Lankan pharmaceutical products market was earlier dominated by the Indian products, but Bangladesh is now setting a strong foothold by dint of its product quality.

Source: Dhaka Tribune July 13, 2017 19:18 UTC