Raw Materials Need
Sri Lanka and the Arab states of the Persian Gulf (GCC) enjoy strong economic and military ties. This is reflected in the fact that more than 90% of the oil consumed by Sri Lanka comes from the Persian Gulf countries and Sri Lankan nationals form one of the largest expatriate communities in the Arabian Peninsula. Sri Lanka is one of the largest trading partners of the GCC. The Gulf countries have also played an important role in addressing Sri Lanka's energy security concerns with Saudi Arabia and United Arab Emirates regularly increasing their oil supply to Sri Lanka to meet the country's rising energy demand. In 2008, United Arab Emirates decided to invest in Sri Lanka's energy sector.
Read more about this topic: Foreign Relations Of Sri Lanka
Famous quotes containing the words raw materials, raw and/or materials:
“Knowledge in the form of an informational commodity indispensable to productive power is already, and will continue to be, a major—perhaps the major—stake in the worldwide competition for power. It is conceivable that the nation-states will one day fight for control of information, just as they battled in the past for control over territory, and afterwards for control over access to and exploitation of raw materials and cheap labor.”
—Jean François Lyotard (b. 1924)
“One farmer says to me, “You cannot live on vegetable food solely, for it furnishes nothing to make bones with;” and so he religiously devotes a part of his day to supplying his system with the raw material of bones; walking all the while he talks behind his oxen, which, with vegetable-made bones, jerk him and his lumbering plow along in spite of every obstacle.”
—Henry David Thoreau (1817–1862)
“In daily life what distinguishes the master is the using those materials he has, instead of looking about for what are more renowned, or what others have used well.”
—Ralph Waldo Emerson (1803–1882)