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US wants more trade with Sri Lanka
Friday, 30 September 2011 - 5:48 PM SL Time
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US wants to bridge `huge` trade deficit favouring SL
By Mario Andree
Nursing an ailing economy, the US government has set up a five year plan to boost its exports and Sri Lanka has been identified among several countries as key destinations for this purpose.
`The United States has a huge trade deficit with Sri Lanka, since we import over US$1.7 billion in Sri Lankan goods, and we only exported US$180 million in goods to Sri Lanka in 2010. That`s a big deficit, over US$1.5 billion, and we would like trade to be more balanced by increasing U.S. exports,` US Ambassador to Sri Lanka Ms. Patricia Butenis said speaking at the 19th AGM of the American Chamber of Commerce (Amcham) yesterday.
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