Bangladesh, Sri Lanka to Hold Trade Talks in July

15 June 2017

Bangladesh and Sri Lanka will hold high level talks in July 2017 in Dhaka, Bangladesh, for trade and investment expansion. Mr. Rishad Bathiudeen, Minister of Industries and Commerce, Sri Lanka, will lead the Sri Lankan trade and business delegation. While Sri Lankan exports to Bangladesh have tripled since 2010, there are still many untapped bilateral opportunities that can further boost trade growth.

Bilateral trade between Sri Lanka and Bangladesh has shown a strong growth trend, amounting to $142 million in 2016.

Sri Lanka's exports to Bangladesh amounted to around $112 million in 2016, while Bangladesh exports to Sri Lanka amounted to $39 million. Top Sri Lankan export goods to Bangladesh include cotton, plastics, fabrics, soap, and lubricants. Top Bangladeshi export goods to Sri Lanka include medicines, textile fibers and paper yarn, steel, apparel, and cotton.

Around 45 Sri Lankan companies operate in Bangladesh’s apparel, banking, paper, and consumer goods sectors, with investment amounting around $300 million.

Related Links:

Roundtable Urges Increased India-Myanmar Connectivity, Trade

A roundtable discussion held in Myanmar noted the need to substantially increase connectivity, trade and diplomatic relations between...

India, Nepal Agree to Develop Bridge over Mechi River

India Prime Minister Narendra Modi and Nepal Prime Minister Sher Bahadur Deuba witnessed the signing of eight memorandums...

Indian Businesses Urged to Invest in Nepal at Business Forum

Nepal Prime Minister Sher Bahadur Deuba urged Indian investors to look at opportunities in Nepal at an India-Nepal...

ADB, Korea EXIM Bank Hold Seminar on CTEC

The Asian Development Bank (ADB) and the Export-Import Bank of Korea (Korea EXIM Bank) held a...

The Future of e-Governance in South Asia

South Asia is one of the fastest growing economic regions, and collaboration in the field of information and...

Bangladesh to Export Bandwidth

Plans to export 102.5 gigabit (Gb) per second of bandwidth from Bangladesh to its neighbors, Bhutan, Myanmar, Cambodia,...

Bangladesh Fast-Tracks Chittagong-Cox's Bazar Railway Project

The Government of Bangladesh is set to select two companies to construct a single-line dual-gauge railway track from...