Sri Lankan Consul standard GL Gnanatheva has lamented that the imposition of regulatory obligation through Pakistan has terribly impacted Sri Lanka’s exports to Pakistan.

The consul trendy expressed the displeasure whilst highlighting a few hurdles obstructing smooth trade among Pakistan and Sri Lanka throughout a go to to the Karachi Chamber of trade and industry (KCCI) on Thursday.

“due to the imposition of regulatory duty, Sri Lankan exporters are reluctant to further enhance alternate or discover Pakistani markets,” he elaborated.

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“despite the fact that a huge potential exists to enhance trade ties, our exporters are unwilling to take any extra initiatives and we are not able to persuade them because of Pakistan’s unsure alternate guidelines.”

Gnanatheva underlined the need for collective efforts by using both the international locations to boost the existing change extent. Pakistan and Sri Lanka have to explore greater change opportunities and outline a clear avenue map for increase in trade, investment and exports, he introduced.

Recalling that Sri Lanka changed into the first usa to sign a free change settlement (FTA) with Pakistan in 2005, he termed it the maximum successful deal, which provided vast advantages to commercial enterprise groups of the 2 aspects.

“it has been observed, but, that maximum of the blessings granted beneath the FTA continue to be in large part unutilised by using each sides,” he talked about. “consequently, there's a want to organise both a day-long or half of-day seminar in which commercial enterprise communities of Pakistan and Sri Lanka will get an ideal opportunity to pick out the boundaries.”

The consul trendy counseled that the present alternate potential may also be discussed at the event besides presenting facts approximately untapped blessings of the FTA. Alternatives to in addition enhance the FTA may also be sought so that it will make it greater colourful, he emphasised.

published within the express Tribune, January 11th, 2019.

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