Lankan bilateral trade with Iraq hits $ 87 mn

Wednesday, 27 February 2013 - 13:37



The trade delegation visiting Iraq led by Minister Rishad Bathiudeen, secured the vital ME economic market, expected to become the second biggest global oil power in 2020.

Iraq in turn, was keen to expand its presence in Sri Lanka at multiple levels, specially B2B, in a considerable way.

The delegation which consisted of Department of Commerce Officials and Tea Research Institute officials to Baghdad, arrived in Baghdad on February 21.

Iraq is located in an important strategic location bridging the Arabian Gulf markets and the Middle Eastern region with its strategically important ports and airports and possesses one of the world’s youngest populations, with more than 70% under 30 and 83% under 40.