Sri Lankan private sector to import entire basmati rice quota from Pakistan

Sri Lanka has agreed to import the entire basmati rice quota of 6,000 tonnes from Pakistan under the Free Trade Agreement (FTA) through the private sector from 2012.
The understanding was reached at the end of the 4th technical level meeting on FTA held in Colombo, an official press release said. Pakistan would restore the same level of competitiveness as agreed before for Sri Lankan betel leaves by adjusting the current margin of preference, it said. The two sides noted the friendly ties and the growing commercial relations between Pakistan and Sri Lanka.