KARACHI - Consul General of Sri Lanka, V.S.Sidhat Kumar on Tuesday said Sri Lanka believed in market-oriented policies for helping increase export trade. In a meeting with members of SITE Association of Industry (SAI) here in the Associations office, Kumar said we encourage foreign investment. Sri Lankas most dynamic sectors now are food processing, textiles apparel, beverages, port construction, telecommunications, insurance and banking, said a SAI statement here quoted him. He said that the bilateral trade between both countries has been strengthened through increase in number of products that can be imported from Sri Lanka under final phase of Free Trade Agreement (FTA) effective from March 20, 2009 and the number is 4,000. He identified these imports as fish, meat, vegetable, foliage, plant, sugar, biscuits, pastry, cakes, mineral products, fibre boards, leather and leather-based products, footwear, gems, jewellery, value- added copper products, electrical items, printed circuits, bicycles, boats, floating structures. Similarly, he said, there is also great demand of Pakistani products. Pakistan can export cotton yarns and fabrics, potatoes, fresh or chilled, pharmaceutical products, knitted or crocheted fabrics, articles of iron and steel, galvanised pipes, rice, fish and other sea food, other made-up textile articles, articles of apparel and clothing accessories, rods of refined copper etc. Sidhat Kumar said that Pakistan has become second largest trade partner for Sri Lanka in South Asian region. Trade between two countries increased to dollars 270 million in 2008. Sri Lankas exports to Pakistan also increased on import of coconut products, tea, rubber and rubber-based products by Pakistan. Imports from Pakistan mainly consist of rice, vegetables, pharmaceutical, potatoes, textiles, apparel. Only export of valued- added textile has reached more than dollars 100 million. On the question of exchange of skilled workers, technicians, and supervisory staff in the field of textile especially valued- added textile, he welcomed the idea and said that he would recommend to his Government for easing the procedure so that more and more skilled manpower could come to Pakistan and assist the textile units in producing quality products. He also mentioned that Sri Lanka has also specialists and technical supervisory staff in other fields too. Pakistani entrepreneurs can avail their services also. Bilateral trade is improving due to liberalisation through FTA. The Consul General however regretted that investment from Pakistan is not coming despite a liberal investment policy. So many sectors are available for collaboration in Sri Lanka. He extended initiation to Pakistani investors to come to Sri Lanka and invest there. Sri Lanka garment sector is highly equipped educationally and professionally. Herbal medicines scope is very high in Sri Lanka. The Consul General extended invitation to SITE Association members to participate in Sri Lanka exhibition of Agri Livestock and Fisheries scheduled to be held in November this year. Here he also informed that the Karachi Chamber of Commerce and Industry is holding a seminar on Free Trade Agreement (FTA) between Pakistan and Sri Lanka in the first week of December this year to discuss ways to boost two way trade and to get maximum benefit of the agreement between the two countries and said that it would be a good opportunity for the local businessmen to gain awareness about two- way trades between Sri Lanka and Pakistan. Earlier Chairman of SITE Association Salim Parekh welcomed the Consul General and acknowledged the progress both the countries are making on bilateral trade specially after free trade deal signed in the recent past. Chairman, International Relations and Diplomatic Affairs Committee of S.I.T.E. Association, Senior Vice Chairman of SITE Association Naseem Anwar, also spoke.