Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka hopes to collaborate with Turkey in tea sector
Tue, Aug 29, 2017, 08:59 am SL Time, ColomboPage News Desk, Sri Lanka.

Aug 29, Ankara: Sri Lanka hopes to collaborate with Turkey in tea sector rather than competing and Turkey can become a tea hub between Europe and Asia with Colombo's collaboration Sri Lanka's ambassador to Ankara P.M. Amza has said.

In an exclusive interview with Anadolu Agency Amza has said Sri Lanka's hope and desire is to collaborate [in the tea sector] rather than compete in order to achieve a mutually beneficial outcome and collaboration between Turkey and Sri Lanka over tea will be win-win for both countries.

Amza said that blending Sri Lankan and Turkish tea would enhance Turkey's production capacity thus making the country not only an importer but also an exporter of the product.

"Sri Lanka is often misunderstood as a competitor to Turkey in the tea sector. I wish to reassure that we do not wish to find a solution that will affect the livelihood of 240,000 families engaged in Turkish tea industry," Amza said.

Pointing out that a 145 percent of tax levied on imported tea in Turkey was a challenge for Sri Lanka, Amza said the two countries could share their expertise, experience and know-how including the exchange of plants for lower taxes. (Anadolu Agency)

"Turkey is also a tea-producing country and I am aware such a high tax is to protect the local Turkish tea industry. However, the Turkish production of tea, which is approximately 259,000 metric tons per year, is not sufficient for local consumption. So it needs to import," Amza said.

He underlined that Turkey was the number one tea-drinking country in the world with annual per capita consumption of 3.6 kilograms per person.

Amza noted that representatives of the sector from both sides decided to hold a seminar to identify areas of cooperation that could benefit both countries.

Sri Lankan State Minister of International Trade Sujeewa Senasinghe paid an official visit to Turkey last week. During his meeting with Turkish Trade Minister Bulent Tufenkci, Senasinghe expressed Sri Lanka's willingness to cooperate over tea.

Amza said there were many other sectors in which Turkey and Sri Lanka could cooperate such as in jewelry, spices, and ship and yatch building.

He added that the trade volume between the two countries was to be increased to $500 million by 2020, from the current level of nearly $200 million.

Turkey's exports to Sri Lanka totalled $51.6 million while imports stood at $105.1 million in 2016, according to the Turkish Statistical Institute (TurkStat).

Tea, spices and coffee compose nearly 60 percent of Turkish imports from Sri Lanka, TurkStat data indicated.

 

ColomboPage - Recent 10 Stories ::
Inform power failures to 1987 promptly, refrain from touching downed lines - Ministry
-- [1 hour and 46 minutes ago]
UNP MP Chaminda Wijesiri to leave government
-- [2 hours ago]
Army troops ready to be deployed in disaster situation
-- [2 hours ago]
Nations Trust Bank - realizing dreams
-- [2 hours ago]
Five killed in Sri Lanka due to adverse weather
-- [4 hours ago]
Schools closed in Ratnapura, Dehiowita and Nivithigala due to adverse weather
-- [5 hours ago]
Flood warnings issued as water level rises in rivers
-- [5 hours ago]
Government to recruit more qualified teachers to uplift estate sector schools
STF arrests four members of Ava gang in Jaffna
Sri Lanka OMP to set up 12 regional offices to inquire into missing persons

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.