(MENAFN - NewsIn.Asia)
Colombo, February 12 (newsin.asia): India s Deputy High Commissioner, Vinod K.Jacob, has said that India-Sri Lanka bilateral trade gap has narrowed since 2018. We have been able to reduce the trade gap in 2018 and 2019 and made our trade more balanced. According to the latest data from the Sri Lankan side, in 2020, Sri Lankan imports from India were valued at USD 3 billion while Sri Lankan exports to India were valued at USD 604.42 million. This means that the bilateral trade gap, which was USD 3.39 billion in 2018, was further reduced to USD 2.40 billion in 2020, Jacob said in his speech at the ‘Most admired companies of Sri Lanka award ceremony organized by International Chamber of Commerce, Sri Lanka, Daily FT and Chartered Institute of Management in Colombo on February 10.