As trade 2012 numbers started to show trade favouring Sri Lanka, in another latest signs of India-Sri Lanka trade acceleration, both countries are re-joining to move the Joint Task Force forward, with greater speed.
India, which ranked as the 16th largest export destination of Sri Lanka in 2000, emerged as the fourth largest buyer of Lankan exports in 2011 absorbing 5.1 % of Sri Lanka’s total exports to the world, after USA, UK and Italy, spurred by the implementation of India-Sri Lanka Free Trade Agreement in 2000.
According to the Department of Commerce of Sri Lanka, total bilateral trade between the two countries in 2012 was 4.08 billion dollars.