Sri Lanka to restart petroleum imports from Iran
Sri Lanka on Wednesday said it will begin discussions on trade and petroleum sales with Iran next month as economic sanctions against Tehran have been lifted.
A high level delegation from Iran will arrive here in February as the country looks to re-commence petroleum and petrochemical sales to Colombo, Xinhua news agency reported.
“We are entering the post sanction era, it is time to upgrade our bilateral relations, including economic relations,” said the new Iranian Ambassador to Sri Lanka, Mohammed Zaeri Amirani.
According to Sri Lanka’s commerce department, bilateral trade between the two countries surpassed $1 billion in 2011 and 2012.
Trade declined thereafter due to unconditional decrease of imports from Iran. As a result, last year’s bilateral trade stood at $188 million.
“Iran is looking to supply medicine, medical equipment, agricultural machinery such as tractors, fertilizer, bitumen, and petrochemicals to Sri Lanka,” the ambassador said.
- Sri Lanka’s LGBTQ+ community holds Pride march, demands end to discrimination June 5, 2023
- India’s first international cruise from Chennai to Sri Lanka to be flagged off today June 5, 2023
- ‘Sandahiru Seya Charity Trust’ donates Dialysis Machine to Anuradhapura Hospital June 5, 2023
- Sri Lanka records lowest tourism monthly income of US$ 132 Million in May June 5, 2023
- JVP asks public not to be distracted by circuses June 5, 2023
- Litro LP Gas prices in Sri Lanka reduced from today (June 04) June 4, 2023
- Odisha train collision: Sri Lanka President expresses deep sorrow, assures support June 4, 2023
It is good to start bilateral trading again. Sri Lankan Tea was among the $ 1 trade before between the two countries and this is really good news.