• EDB in global apparel breakthrough

    26/11/2014 Daily FT

    02/01/2017
    EDB in global apparel breakthrough

    • Secures links with world’s largest textile retailer ZARA
    • 6-member EDB-led delegation to Spain
    • Brandix, Timex, Fergasam in pioneering session
    • September apparel exports up by 4.4%

    For the first time in Sri Lanka’s apparel history, the EDB, Sri Lanka’s apex export facilitator, has directly linked top Lankan apparel suppliers with the world’s largest textile retailer, Spain’s ZARA on 29 October. The facilitator, the Sri Lanka Export Development Board (EDB), is stepping up its support for apparel market diversification.

    “Though the Lankan apparel sector caters to many international brands, such as Victoria’s Secret, Gap, Nike, Tommy Hilfiger and Marks & Spencer, we still haven’t been able to manufacture for the Zara brand, the world’s largest fashion retailer. This successful effort directly linked our apparels to Zara for the first time,” said EDB Director – Industrial Products Chitranjali Dissanayake recently.

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  • Russia shows green light on fish import from SL

    26/11/2014 Daily Mirror

    02/01/2017
    Russia shows green light on fish import from SL

    Russia has granted approval to import fish and fish products to the Russian Federation from Sri Lanka, 2014, the External Affairs Ministry said.

    The Ministry said the Federal Service of Veterinary Surveillance under the Ministry of Agriculture of the Russian Federation granted approval to import fish and fish products to the Russian Federation as a result of the untiring efforts of the Sri Lankan Government through its Embassy in Russia.

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  • EDB secures links with world’s largest textile retailer ZARA

    26/11/2014 Daily News

    02/01/2017
    EDB secures links with world’s largest textile retailer ZARA

    For the first time in Sri Lanka’s apparel history, the Export Development Board has directly linked top Lankan apparel suppliers with the world’s largest textile retailer, Spain’s ZARA and is stepping up its support for apparel market diversification.

    “Though the Lankan apparel sector caters to many international brands, we have still not been able to manufacture to Zara brand, the world largest fashion retailer.

    This successful effort directly linked our apparels to Zara for the first time,” said Chitranjali Dissanayake (Director-Industrial Products of SLEDB).

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  • EDB hits China gold with first mainland MoU

    25/11/2014 Daily News

    02/01/2017
    EDB hits China gold with first mainland MoU

    • Secures links with world’s largest textile retailer ZARA
    • Deeper commitments with new FTA: Vice President Hua
    • Fresh ties: EDB’s Egodage
    • Exports to China grew in last 5 years: EDB’s Dr. Maraikkar
    • Bilateral trade at $ 3 b

    Sri Lankan exports broke fresh ground on 20 November, as a pioneering MoU between the country’s apex exports facilitator EDB and China was entered into in Colombo. With the commencement of FTA talks, bilateral relations have also further deepened.

    “During President Xi Jinping’s recent visit to Sri Lanka this September, he and President Mahinda Rajapaksa reached consensus to deepen the strategic partnership and joint construction of 21 Century Maritime Silk Road. Now the countries have officially started the bilateral FTA negotiations and we believe that the bilateral cooperation would be further deepened in future,” said Zhang Hua, Vice President of CCPIT Guangdong Sub Committee.

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  • Taiwan textile fair opens in Colombo

    25/11/2014 Daily FT

    02/01/2017
    Taiwan textile fair opens in Colombo

    The Taiwan textile industry is the acknowledged world leader in research, development and manufacturing of fabric and garment accessories. The highly successful Taiwan Textile Fairs brings together leading suppliers of textiles and related products from Taiwan, one of the world’s largest apparel textiles exporting countries to Sri Lanka, at the Taiwan Textiles Fairs in South Asia 2014.

    The fairs will showcase innovative and high performance functional textiles for apparel, bags, shoes, rainwear, etc. to Sri Lankan manufacturers. The fair will be held on 24 and 25 November at the Grand Crystal Ballroom of the Taj Samudra Hotel.

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  • How to develop Sri Lanka’s wood-based industry

    24/11/2014 Daily Mirror

    02/01/2017
    How to develop Sri Lanka’s wood-based industry

    A conference and workshop under the theme “Wood Based Industry – Way Forward’ organized by the Wood Based Industrialist Association of Sri Lanka (WBIA), will be held at the Export Development Board (EDB) Auditoriumon on November 28.

    Channa Wijesekera, President of the Wood Based Industrialist Association of Sri Lanka, is expected to outline the problems facing the wood based industry in this article. He explains why this important industry has not developed over the years and proposes a series of solutions to remedy the situation.

    When analyzing the development of t he various industries in Sri Lanka, the timber and ti mber related industry indicates a comparative downward trend or slow progress in comparison with the other industries.

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  • Jaffna Int’l Trade Fair during Jan 23-25, 2015

    19/11/2014 Daily News

    02/01/2017
    Jaffna Int’l Trade Fair during Jan 23-25, 2015

    The Jaffna International Trade Fair (JITF), the most comprehensive and ‘looked forward to’ exhibition in the North will be held for the sixth consecutive year in the heart of Jaffna from the January 23-25, 2015.

    The exhibition which was the first of its kind to be held in the Northern region of the country has throughout the years been renowned as the best and most potent platform for the meeting of investors, businesses and the masses in the region.

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  • Canada for more trade with SL

    19/11/2014 Daily FT

    02/01/2017
    Canada for more trade with SL

    Minister of Industry and Commerce Rishad Bathiudeen (second from left) in discussion with EDB Chairman/CEO Bandula Egodage yesterday as Canadian High Commissioner in Sri Lanka Shelley Whiting (far right) and Canada Asia-Trade Facilitation Office Project Manager Zaki Munshi (far left) look on

    • Canada has 24 FTAs including NAFTA: Whiting
    • Another opening to largest market: Minister Rishad
    • EDB revives TRO-Canada links
    • Top Lankan exporters at Canada session
    • Bilateral trade at $ 437 m

    The Jaffna International Trade Fair (JITF), the most comprehensive and ‘looked forward to’ exhibition in the North will be held for the sixth consecutive year in the heart of Jaffna from the January 23-25, 2015.

    The exhibition which was the first of its kind to be held in the Northern region of the country has throughout the years been renowned as the best and most potent platform for the meeting of investors, businesses and the masses in the region.

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  • Kenya-Sri Lanka Joint Economic Cooperation talks a success

    18/11/2014 Daily FT

    02/01/2017
    Kenya-Sri Lanka Joint Economic Cooperation talks a success

    Kenya, the newest entrant to Africa’s top 10 list, called for renewed trade with Sri Lanka and in a display of its commitment towards this end requested three trade pacts with Sri Lanka in one go by 2015.

    “We are looking forward to more trade interaction and expecting a delegation to Nairobi from Sri Lanka next year. By the time of your visit to Nairobi we are looking forward to conclude current discussions on three agreements being discussed and to sign them,” said Amb. Nelson Ndirangu Ogn (Director, Economic Affairs and International Trade of Kenyan Ministry of Foreign Affairs, Nairobi) on 12 November in Colombo.

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  • Sri Lanka's export trade sector grows 11.1%

    16/11/2014 Ceylon Today

    02/01/2017
    Sri Lanka's export trade sector grows 11.1%

    Sri Lanka's Export Trade sector recorded a relatively a higher growth of 11.1 per cent in second quarter 2014, when compared to the slower growth of 1.2 per cent recorded in the second quarter of 2013, Department of Census and Statistics said in its Quarterly Estimates of Gross Domestic Product report released recently.

    According to the Balance of Payment statistics of Central Bank of Sri Lanka, export earnings increased to Rs343,058 million in the second quarter of 2014, from Rs291,274 million in the second quarter 2013, indicating a growth of 17.8 per cent, said the Census and Statistics Department.

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  • Savour the Unique Flavour and Countless Health Benefits of Pure Ceylon Tea

    14/11/2014

    02/01/2017
    Savour the Unique Flavour and Countless Health Benefits of Pure Ceylon Tea

    The delicious aroma that emanates as a few spoonfuls of Ceylon tea hit the simmering water in the white jug patterned with tea-buds every morning is refreshing forever. A sip of the steaming cup feels great on the tongue tickling the taste-buds. A great aroma with a fabulous taste, Ceylon Tea is beyond compare. Whether it’s in the morning or in the evening, a hot cup of tea is always a delectable drink.

    But, as the Book of Tea, Kakuzo Okakura’s 1906 philosophical treatise on tea says, tea had been a medicine long before it became a beverage. The potent natural antioxidants that abound in green & black tea can protect regular tea drinkers from a number of degenerative diseases such as heart disease, high blood pressure, stroke, cancer and diabetes.

    Heart Disease

    Continual consumption of correctly brewed Ceylon Tea is known to decrease the oxidation of fat. Catechins in green tea, theaflavins and thearubigins in black tea can inhibit lipid oxidation and plaque formation (which can cause heart disease), whilst cutting cholesterol. Regular consumption of tea is also known to reduce blood clotting. Blood clotting heightens the risk of coronary thrombosis.

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  • Sri Lankan Apparel: Superior Quality, Iconic Designs & Ethical Business Practices

    14/11/2014

    02/01/2017
    Sri Lankan Apparel: Superior Quality, Iconic Designs & Ethical Business Practices

    The storied iconic brands in the fashion industry, say, Nike, Diesel, Victoria’s Secrets, Mark & Spencer, H & M, GAP, NEXT, Levi’s among many others that are synonymous with exceptional fashion clothing rely on Sri Lanka as their topmost Apparel Sourcing Destination. Sri Lankan Apparel Exports mainly include Casual Wear, Fashion Wear, Intimate Wear, Swim Wear, Sports Wear, Uniform & Workwear and Children's Wear.

    Thanks to an abundance of trainable and skilled labour force, technology infrastructure and visionary leadership, Sri Lankan Apparel  industry has seen rapid growth and earned the trust and loyalty from the world leading Fashion brands that are unblinkingly strict about quality and socially compliant manufacturing practices.

    Amidst a number of countries that export apparel, Sri Lanka enjoys a privileged position as a prime sourcing destination for garments without guilt. At the heart of this phenomenal success lies the philosophy that ‘Ethical Business is not a practice but a way of life’. The official website of Joint Apparel Association Forum (JAAF) proclaims “We take pride in saying that Ethical Business Practices and Responsible Commerce at Sri Lanka's Apparel Industry are not a response to increasing need and demand for 'Ethical Products' and satisfy Business Compliance, but has been a Way of Life for last 30 years across the 350 plants and over 1 Million strong workforce.”

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  • Bangladesh announces speedier trade pact in the offing

    13/11/2014 Daily FT

    02/01/2017
    Bangladesh announces speedier trade pact in the offing

    • Good news, prefer an FTA: Rishad
    • Talks will conclude successfully: Ashan
    • YoY bilateral trade jumps by 67%

    Minister of Industry and Commerce Tarik Ashan (third from left) greets Bangladeshi High Commissioner to Sri Lanka Tarik Ashan (second from left) yesterday in Colombo as Bangladeshi High Commission Colombo Counsellor and HOC F.M. Borhan Uddin (far left), Ministry of Industry and Commerce Secretary Anura Siriwardene(third from right), DoC DG R.D.S. Kumararatne (second from right) and EDB Chairman/CEO Bandula Egodage (far right) look on

    As bilateral trade with Bangladesh showed a strong rise, the country has signalled that it has now started moving towards the historic trade pact with Sri Lanka, as revealed yesterday in Colombo, and Bangladesh wants the agreement to be signed fast.

    “At my final meeting with Prime Minister Sheikh Hasina just before my departure to Colombo, she advised me to focus strongly on trade during my new tenure in Sri Lanka. I am pleased to inform you that the trade agreement under discussion between both countries at present will come to a successful end,” announced the newly-appointed Bangladeshi High Commissioner to Sri Lanka Tarik Ashan yesterday.

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  • Rubber industry can grow bigger than garments

    10/11/2014 Daily FT

    02/01/2017
    Rubber industry can grow bigger than garments

    • Potential to become a 10 billion dollar business: Prabhash Subasinghe

    Global Rubber Industries Managing Director Prabhash Subasinghe receiving the Platinum Sponsor award from Minister of Economic Development Basil Rajapaksa at the recently concluded Global Rubber Conference

    The rubber industry in Sri Lanka has the potential to grow bigger than the garment industry. “Unfortunately, foreign investors have not seen the possibility of this factor,” says Global Rubber Industries Ltd (GRI) Managing Director Prabhash Subasinghe.

    According to GRI, a leading industrial solid tyre manufacturer based in Sri Lanka; supplying solid tyres to Original Equipment (OE) manufacturers and replacement markets in more than 45 countries worldwide since 2001; Sri Lanka is the world’s largest producer of high-quality solid tyres, dominating about 60% of the global market.

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  • Ornamental fish featuring notably in 14 percent export growth

    10/11/2014 Ifham Nizam, The Island

    02/01/2017
    Ornamental fish featuring notably in 14 percent export growth

    Sri Lanka has earned USD 7.34 billion from exports up to August this year, recording a positive growth of 14 per cent when compared to the corresponding period in 2013, said Sri Lanka Export Development Board Chairman cum Chief Executive Officer Bandula Egodage.

    Addressing a gathering at the First International Ornamental Fish Trade Conference in Colombo yesterday he said despite many constraints and challenges faced by local exports domestically and internationally, the willingness shown by them to sustain continuous growth was commendable.

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  • Trade renewal in offing with largest Nepali biz visit in a decade

    03/11/2014 Daily FT

    02/01/2017
    Trade renewal in offing with largest Nepali biz visit in a decade

    • ‘Time for air links, new trade’: Nepal’s Dhakwa
    • ‘Sending two teams’: EDB’s Egodage
    • Bilateral trade at $ 5 m
    • ‘Come to us & get Indo, Thai markets’: Nepal’s Dhakwa

    TEPC Member of Board of Directors and the leader of the visiting Nepali delegation Bikash R. Dhakwa (third from right) gifts a copper and gold dust plated Shakyamuni Buddha statue crafted by Nepali artisans to EDB Chairman and CEO Bandula Egodage on 29 October in Colombo

    As Lanka-Nepal trade leaped by threefold and showed new signs of revival, the biggest Nepali business delegation to Sri Lanka after almost a decade concluded their visit successfully on 2 November and also gave an unprecedented opening for the country’s artisans to enter two of the highly profitable craft markets in the region through Nepal and Sri Lanka’s creative artisans have been invited to November’s International Fair in Kathmandu.

    “Sri Lanka and Nepal have historic relations and now is the time to go to the next step; towards stronger bilateral trade. The main reason we are coming to Sri Lanka is that you have very good gem processing technology – also we need your natural precious stones,” announced Trade and Export Promotion Center (TEPC) Member of Board of Directors and the leader of the visiting Nepali delegation Bikash R. Dhakwa on 29 October in Colombo.

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