“Many untapped trade opportunities await Lanka, Mexico”

There are many untapped opportunities for Sri Lanka and Mexico to enhance bilateral ties including in economic, trade and commercial, environmental, political and cultural spheres, Sri Lankan Ambassador to USA, Mahinda Samarasingehe said.

Mexico is considered to be among the 15 largest economies in the world with a Gross Domestic Product (GDP) of over USD 1.2 trillion with its real GDP per capita estimated at over USD 10,200. It is the second largest economy in Latin America. Sri Lanka’s exports to Mexico in 2021 have shown a positive trend with total exports at nearly USD 205 million. Mexico was the 17th largest export market for Sri Lanka with a share of 1.37% in 2020.

“Hence there is great potential for increased bilateral trade which we hope to explore and I am looking forward to engaging with the Government of Mexico with a view to maximizing the positive benefits of trade and other engagement for our two countries.”

“I have the highest expectations of growing our existing close relationship to encompass many areas of mutual cooperation, across the spectrum of our friendship.”