Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Iranian Speaker urges to boost industrial ties between Iran and Sri Lanka
Thu, Apr 19, 2018, 09:04 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 19, Colombo: Iran's Majlis (Parliament) Speaker Ali Larijani, who is on a two-day visit to Sri Lanka, called on the businessmen in Iran and Sri Lanka to try to expand industrial relations between the two nations.

Addressing a meeting attended by members of Sri Lankan chamber of commerce and a number of Iranian businessmen and traders in the country, Larijani stressed the role chambers of commerce in the two countries could play to help expand bilateral trade relations between Iran and Sri Lanka, the official Islamic Republic News Agency said.

The Ceylon Chamber of Commerce in association with the Embassy of Iran in Sri Lanka organized the High Level discussion with the Speaker and the 12 member high level official delegation from Iran today at the Chamber.

The Iranian Speaker said the two countries need to move from tea business toward developing ties in other fields like industrial and technical-engineering services.

Larijani said that after implementation of the nuclear deal between Iran and P5+1 group on nations, trade ties between the two countries were expected to rise.

He went on to refer to implementation of two big projects by Iranian companies in Sri Lanka, one a rural electricity project and the other construction of a dam in the country.

Iran's Majlis Speaker said the Iranian lawmakers are supportive of expansion of industrial and trade relations with Sri Lanka.

Meantime, officials affiliated with the Sri Lanka's chamber of commerce also hailed the long history of relations between the two countries, which has been always strong.

They said that in the previous years, 90 percent of Sri Lanka's exports to Iran was tea while the main commodity imported from Iran was oil. But now, in addition to oil, Sri Lanka is importing machineries and fishery products from Iran, too.

They said the number of Iranian tourists who visited Sri Lanka in 2017, show a 55 percent rise.

According to them, despite plenty of trade opportunities, Iran and Sri Lanka are facing a main challenge, namely, lack of financial mechanisms and banking ties.

 

ColomboPage - Recent 10 Stories ::
Special High Court to hear Gamini Senarath's case on Oct. 23
-- [4 hours ago]
Israel to grant five-year work visas Sri Lankan migrant workers in agriculture sector
-- [5 hours ago]
Little Sri Lankans treated to fun and games by ComBank and ITN at Weli Oya
-- [6 hours ago]
Indian couple nabbed with Rs. 24.5 million worth heroin at Sri Lanka airport
-- [7 hours ago]
Elite Police Special Task Force assigned for security at Sri Lanka's prisons from today
-- [8 hours ago]
Sri Lanka successfully launches a platform to define the future of the Indian Ocean
Sri Lanka PM assures to provide solutions to rising fuel prices
Danger of dengue spreading with the arrival of rains, Sri Lanka Health Ministry warns
FR petition filed in Sri Lanka Supreme Court requesting to take back Trincomalee oil tanks from Indian Oil Company
Sri Lankan President says proper measures are taken to overcome the economic crisis

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.