Strengthening ties: Pakistan offers to set up sugar mills in Sri Lanka

[farhan_9909]

COLOMBOakistan has offered to set up sugar mills in Sri Lanka, the offer was made by Prime Minister Nawaz Sharif in response to Sri Lankan President Mahinda Rajapakse’s desire to invest in the sugar sector during their meeting in Colombo.

During the meeting, both the leaders agreed to further strengthen economic ties and stressed on increasing bilateral trade volume from the present $460 million to $1 billion in the next few years.

They also agreed that bilateral flow of investments could play an important role in boosting economic relations.

The meeting between the two leaders which is the second one during the last two months will give significant boost to the already strong bilateral ties between the two countries.

The prime minister congratulated President Rajapakse on successfully hosting the Commonwealth Heads of Government Meeting 2013.

Published in The Express Tribune, November 17th, 2013.

Strengthening ties: Pakistan offers to set up sugar mills in Sri Lanka – The Express Tribune

 

[airmarshal]

Who will build the sugar mills there? Sharif family and his friends.

 

[Yogi]

i thought SL-Pak were good trade partners but it seems the trade between the two neighbours has been rather stagnant over the years.

Infact SL-Pak trade was $500m in way back 2010 itself n in 2013 it came down to $460m.

There were even talks about taking the trade volume to $2bln by 2012 but now its still to reach $1bln.

Any particular reason for this???

@Gibbs @Skyline

Sri Lanka Business News | Online edition of Daily News - Lakehouse
Newspapers

 

[Skyline]

i thought SL-Pak were good trade partners but it seems the trade between the two neighbours has been rather stagnant over the years.

Infact SL-Pak trade was $500m in way back 2010 itself n in 2013 it came down to $460m.

There were even talks about taking the trade volume to $2bln by 2012 but now its still to reach $1bln.

Any particular reason for this???

@Gibbs @Skyline

Sri Lanka Business News | Online edition of Daily News - Lakehouse
Newspapers

War is over so we don't need to spend for weapons..so that may be the main reason.

 

[Yogi]

War is over so we don't need to spend for weapons..so that may be the main reason.

Btw can u tell me in whose favour is the Bilateral trade(fig. If possible)?