Australia-Sri Lanka trade tops A$ 1.3bn Source: Mirror Business The bilateral trade between Australia and Sri Lanka has surged to a record high of Australian dollars (A$) 1.3 billion in 2016-17, on the back of strong growth in trade in services, up more than 27 percent, the Australian High Commission said in a media communiqué. Growth for the year overall was more than 15 percent year-on-year (YoY), continuing the strong trend growth of 8.6 percent over the past five years. Education continues to grow as a pillar of the economic relationship with more than 9500 enrolments by Sri Lankan students to study in Australia and thousands more pursuing Australian-affiliated studies locally. The rapid growth in Australian tourists visiting Sri Lanka—up almost 10 percent YoY, saw Sri Lanka’s services exports to Australia grow by more than 36 percent YoY. Merchandise trade remained steady at around A$ 480 million, based on ...