SL-UAE Explore Enhanced Economic Ties & Port Cooperation š
Sri Lanka and the UAE have held high-level discussions to deepen bilateral trade, currently valued at approximately US$ 1.5 Bn. The UAE maintains a critical role as Sri Lanka's 7th largest export destination and 3rd largest import partner. ā¢ Strategic Infrastructure & Logistics: The Abu Dhabi Ports Company is exploring opportunities within the Port of Colombo. Sri Lanka is actively pitching investment prospects in both Colombo and Trincomalee ports to bolster national maritime and logistics capabilities. ā¢ Aviation & Technical Services: UAE officials expressed specific interest in collaborating with SriLankan Airlines, focusing on aircraft maintenance and technical operations, potentially boosting the local aviation service sector. ā¢ Trade Frameworks: Talks progressed regarding the proposed Comprehensive Economic Partnership Agreement (CEPA) to streamline market access and enhance maritime connectivity. ā¢ Key Highlights: Focus remains on diversifying economic cooperation beyond traditional trade into high-value maritime and logistics sectors to leverage Sri Lanka's geographical positioning.