Efforts to promote economic activity between Sri Lanka and Kenya gained momentum when the Minister of Sports of France, Minister of Development Coordination and Oversight, and Minister of Digital Technology and Corporate Development Namal Rajapaksa visited Kenya. October 2021. Bilateral relations have reached more than 50 years of friendship and cooperation, but trade relations have not realized their true potential. With that in mind, Minister Namar Rajapaksa focused on creating future new product baskets for trading with Kenya. This culminated in securing the first export transaction of coconut pete from Sri Lanka to Kenya. The first consignment of coconut peat to Kenya was symbolically flagged by Minister Namar Rajapaksa at the Port of Colombo on January 4, 2022. The event predicted Kenya as a new trading destination for Sri Lanka.
As a follow-up to Minister Namar Rajapaksa’s visit, the High Commissioner worked with several coco peat importers in Kenya to negotiate with a company called Meileen Kenya Limited to import the first consignment of coco peat from Sri Lanka. Succeeded.
Kenya is the economic, financial and transportation center of East Africa, providing the world with favorable conditions for trade, investment, tourism and many economic activities. Nevertheless, Sri Lanka’s exports to Kenya have shown inconsistent trends over the years. Sri Lanka’s export value in 2019 was US $ 24 million, limited to several products such as knit or crochet fabrics, cartons, boxes, packaging materials and staple fibers. Minister Namar Rajapaksa said there is great potential for trade expansion between Sri Lanka. And Kenya. High Commissioner Kenya Berppilai Kananasan of Sri Lanka also participated in helping to develop an action plan to bring a new leaf to the trade relationship between the two countries.
Coco peat is used in soil preparation in Kenya’s well-developed agricultural sector. The Sri Lankan coco peat maker has adopted a unique formula in response to requests from Kenyan users and is convinced that the quality of Sri Lankan products is higher than the ones currently in use. The total annual import capacity of Kenyan coco peat is 10,000 tons. This guarantees a sustainable export trend of this product from Sri Lanka to Kenya.
High Commissioner Kananasan also joined Minister Namal Rajapaksa in launching the maiden transport of the coco peat export consignment to Kenya at the Port of Colombo. While in Sri Lanka, High Commissioner Kananasan met with several exporters to explore the potential for potential new commodities that could be exported to Kenya.
Ministry of Foreign Affairs – Distributed by the APO Group on behalf of Sri Lanka.
Sri Lanka’s first export of coconut peat to Kenya begins
Source link Sri Lanka’s first export of coconut peat to Kenya begins