Kuwaiti Commerce Minister Abdullah Al-Ali was meeting Minister of trade and Commerce of state Rishad Bathiudeen on eighteen Gregorian calendar month in Nairobi, Kenya. Kuwaiti Minister Al Ali and Minister Bathiudeen were in a very bilateral trade meet on the side-lines of ordinal Session of the United Nations Conference on Trade and Development (UNCTAD 14) in Nairobi, Kenya. change of integrity the session with Minister Bathiudeen was Sri Lanka’s Ambassador and Permanent Representative to the planet Trade Organization (WTO) R.D.S. Kumararatne.
According to the Department of Commerce, in 2015, Total trade between the 2 countries stood at US$ sixty seven.58 Mn. concerning seventy fifth of Sri Lanka’s exports to Kuwait is Ceylon Tea. tho’ Kuwait features a ancient work trade targeted on finfish and shrimps.
“Kuwait-Sri Lanka trade is also not thus massive however it’s continuous. we tend to believe we are able to develop this in future” same Kuwaiti Minister Al Ali, and added: “We area unit keen to import fish adore Yellow Fin Tuna from state similarly. we are able to additionally partner with state and develop this sector. we tend to import fish from different South Asian countries however not from state. so it’s time we glance at state.”
Minister Bathiudeen stressed of strength of Sri Lanka-Kuwait bilateral relations, and said: “Kuwait and state have sustained a robust, relationship over the years. we tend to additionally give thanks Kuwait Fund for the support extended to create road infrastructure in state, particularly variety of bridges. Sri Lanka’s hub position may be a nice chance for world investors. Investors to state will access the neighbor markets through our FTAs which permit the investors to export nearly 8000 product lines duty liberated to the massive one.4 billion South Asian market. I and my Ministry officers area unit prepared extend our fullest help to Kuwaiti investors WHO desires to speculate in our work sector. With relevance Kuwait partnering in our fisheries, I shall explore potentialities on however Kuwait will invest in it. we tend to additionally export concerning $190 Mn fish to major markets round the world. commercial enterprise infrastructure, housing, different significant infrastructure on larva basis similarly as fruits and vegetables are promising investment opportunities for Kuwaiti investors and that i invite Kuwaiti investors to those sectors similarly.”
Kuwaiti Minister additionally urged Minister Bathiudeen to rearrange a presentation on potential investment comes in state, geared toward Kuwaiti funding agencies.