Tehran, Colombo Hold Trade Talks
Economy, Domestic Economy

Tehran, Colombo Hold Trade Talks

Iran and Sri Lanka concluded the 11th session of their Joint Commission for Economic Cooperation in Colombo last week.  The first trade talks with Sri Lanka by a post-sanctions Iranian administration, the tightly scheduled one-day Colombo session, deliberated on a multitude of issues that spanned from trade, energy to mining, culture and health, Sri Lankan newspaper The Daily Mirror reported. In attendance were Iranian Energy & Water Minister Hamid Chitchian who was accompanied by a 30-member public and private sector delegation, as well as Sri Lanka’s Minister of Industry and Commerce Rishad Bathiudeen. “We call for Iranian investment and joint ventures in the industrial sectors,” Bathiudeen said.  According to Sri Lanka’s Department of Commerce, total trade between the two countries surpassed $1 billion in 2008 for the first time, then decreased to $162 million in 2015 due to the decline in Sri Lanka’s imports from Iran, especially on oil import. The major Sri Lankan export to Iran is tea, accounting for 83% of total exports in 2015.

Short URL : http://goo.gl/vbuOoO
  1. http://goo.gl/trh55C
  • http://goo.gl/ezIiYf
  • http://goo.gl/CSzfSs
  • http://goo.gl/nnXOra
  • http://goo.gl/l8OMAB

You can also read ...

The ombudsman says if vehicles fail to comply with the local automotive standards by 2019, their production permits will not be renewed.
Head of Iran National Standards Organization has reiterated...
Real Rial Rate Main Booster of Exports
Iranian exports are currently suffering as a result of an "...
Iran’s President Hassan Rouhani addresses the Iran-France Business Forum in Paris in Jan. 2016. (File Photo)
French businesses and foreign and finance ministry officials...
A ceremony was held to mark National Export Day in Tehran on Oct. 21.
Iran’s National Export Day was marked in a ceremony held in...
Chicken Exports Earn Over $9m
Close to 16,000 tons of chicken meat worth more than 312.96...
BMW Offices Raided in Cartel Investigation
BMW’s headquarters were raided by European Union officials...
TEDPIX Starts Trading Week With Strong Gains
Tehran Stock Exchange’s main index scored 662.60 points or 0....
Gold Coin Drops
The prices of benchmark gold coins in Tehran's market...