He said, “Pakistani exporters can also avail the opportunity of duty free access to European Union market by exporting their unfinished textile products from Pakistan to Sri Lanka and then to E.U. market after 50% value addition as his country has been awarded GSP plus status.” He disclosed that most of the textile goods, at Marks & Spencer Departmental Stores, U.K. were produced in Sri Lanka.
Earlier, Mr. Shamim Ahmed Shamsi, President, KCCI while welcoming the High Commissioner informed that Pakistan was the second largest trading partner of Sri Lanka within the South Asian region and out of total bilateral trade volume of about US$ 230.8 million in 2005-06, more than two-third consisted of Pakistan's exports to Sri-Lanka, however, it did not reflect the actual trade potential between the two countries.
He, therefore, underscored the need for people to people contacts including exchange of cultural and businessmen delegations and organizing exhibitions to enhance bilateral trade and cultural ties between the two countries.
The Chamber Chief informed the Sri-Lanka High Commission about the KCCI “5th My Karachi – An Oasis of Harmony” exhibition, scheduled to be held from 4th to 6th June, 2008 at Expo Centre, Karachi and hoped that this year also the Sri Lankan businessmen, like previous year, would participate in the Exhibition in a big way as it would provide an excellent channel to promote Sri-Lankan products and a great exposure for Sri Lankan Companies to display and/or sale their products to thousands of visitors beside interaction with them.
Karachi Chamber of Commerce & Industry
marketing@alchempro.com
