“A significant improvement in our bilateral trade has been recorded since the Pakistan Sri Lanka Free Trade Agreement (PSFTA) came into force in June 2005. Watch Video: What’s making news“We believe we can start our new rounds with a Mutual Recognition Agreement. Total trade between the two countries increased to USD 370.38 million in 2015 from 2014’s USD 353 million, retaining Pakistan’s position as the second largest SAARC trade partner of Sri Lanka. Sri Lankan Minister of Industry and Commerce Rishad Bathiudeen said that Pakistan has proposed for a new, turnaround level trade between the two countries. Pakistani Minister for Commerce Khurram Dastgir Khan suggested widening the trade with Sri Lanka during a bilateral meeting with Minister Bathiudeen on the sidelines of 14th Session of the UN Conference on Trade and Development in Nairobi, Kenya, reports Colombo Page.

Source: Indian Express July 22, 2016 08:41 UTC