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Monday, 12 November 2012 - 8:22
Panama to bolster maritime and trade co-operation with Sri Lanka.
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In a major boost to Sri Lanka’s maritime and logistics hub push, Panama, the global maritime logistics power that handles 5 % of international seaborne trade, now wants to significantly bolster maritime and trade co-operation with Sri Lanka.

Minister of Industry and Commerce Rishad Bathiudeen said that the new initiatives could strongly boost bilateral trade levels from the current 7 million US dollars, which shows unrealised growth potential.

According to the Department of Commerce of Sri Lanka, bilateral trade between Panama and Sri Lanka which stood at 4.9 million US dollars in 2010, jumped by 43% to 7.07 million US dollars in 2011.

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