Related Keywords: bilateral trade remains range bound, cotton cloth, FTA with Sri Lanka, imports bed wear, Pakistan and Sri Lanka failed to fully utilize the FTA, plans to double its exports, silk, Sri Lanka exports textile products, synthetic textile, TDAP, Trade development authority of Pakistan, traditional Pakistani export item, trousers, using duty concession
Both countries Pakistan and Sri Lanka failed to fully utilize the FTA that came into effect in 2005 due to which bilateral trade remains range bound with an average of $350 million for the last six years. The Trade Development Authority of Pakistan (TDAP) Secretary Rabiya Javeri Agha said that it aims to double its exports to Sri Lanka in a year’s time effectively using the duty concession under the Free Trade Agreement (FTA) from the current $267 million to $500 million.
