Lankan conditions ideal for trade expansion - UAE Commerce Minister

External Affairs Minister Prof. G.L. Peiris held discussions with Minister for Trade and Commerce of the United Arab Emirates Sheikha Lubna on the sidelines of the World Energy Forum in Dubai.

Sheikha Lubna recalled with pleasure her recent visit to Sri Lanka and commented with enthusiasm on the vistas of economic opportunity opening up in the country, and the resulting potential for significant expansion of the trade relationship between Sri Lanka and the UAE.She showed particular interest in the development of tourism, for which Sheikha Lubna considered the present circumstances in Sri Lanka to be ideal. Prof. Peiris briefed her about current developments in the country with regard to the economy and investment.

He pointed out that investments from the UAE in the field of tourism infrastructure would be especially appropriate at this time.

Sheikha Lubna observed that, in respect of expansion of trade with the UAE such commodities as tea, spices and gems and jewellery could be afforded priority. The two Ministers discussed practical strategies to be pursued in this regard within the next few months.