Having increased its exports in 2012, Sri Lanka is keen to expand its current trade with the world’s seventh largest economy, Brazil even further.
Rishad Bathiudeen, Minister of Industry and Commerce said total bilateral trade of 79 million dollars in 2011 shows that there is strong unrealised growth potential for trade with Brazil.
In 2012 the total trade turnover between the two countries was 32.21 million dollars showing a 7.25 % increase.
Brazil is one of the leading sugar suppliers to Sri Lanka. Sri Lanka’s total exports to Brazil has increased by 37.21% in 2011 over the previous year.