Sri Lanka - France trade is at a very low level and the reason for this may be trade blocks, said Ambassador of France in Sri Lanka, Jean Marin Schuh at Hilton Residencies.
Speaking at an event organized by Ceylon Chamber of Commerce and France AFD group he said that with the lifting of the EU fishing ban and the proposed reinstating of the GSP Plus facility would help to increase this trade again.
Currently exports from Sri Lanka to Franc are around 200 million Euros while the exporters from France are only Euro 100 million. “There is certainly room to improve,” he said.
Country Director AFD France one of the largest donor agencies in the world said that they have been in Sri Lanka since 2009 and have credited around US$ 300 million for various government and private sector projects and banks.
“Our commitment to Asia had been around Euros 1.2 billion.Our commitment to the world was around Euro 9.3 billion and our target is to increase our lending to Euro 20 billion by 2020.” (SS)
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