• Amendments to Food Act on the Cards

    26/12/2016 Sunday Observer

    02/01/2017
    Amendments to Food Act on the Cards

    Steps will be taken to amend the Food Act to suit the present times and also support the food processing industry which has enormous potential, State Minister of International Trade Sujeewa Senasinghe told the 10th Exporters Forum at the Export Development Board (EDB) recently.

    The Minister was responding to issues raised by meat processors with regard to the excessive time taken to test the quality of food before processing for exports. He said it is time to amend the Food Act which is around 30 years old. The time taken to complete the tests and then process food is too long. It should be done within 10 days as in other countries. “A meeting comprising stakeholders of the food processing industry and quality certifying institutions will be held shortly to solve the issue,” the Minister said.

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  • Organic coconut products from Sri Lanka: Capitalizing on the global trend towards the organic food and related products

    26/12/2016

    02/01/2017
    Organic coconut products from Sri Lanka: Capitalizing on the global trend towards the organic food and related products

    Whereas Sri Lanka isn’t the world’s largest producer of Coconut, our footprint on global coconut production is still significant. Also, in the context of local exports, as both natural Coconut and value added Coconut exports constitute a significant portion of Sri Lanka’s export earnings, the commercial vitality of Coconut is beyond question.

    With increasing emphasis being placed on organic agriculture and the premium prices that authentic organic products command in the global marketplace, Sri Lankan value-added Coconut products exporters are turning slowly but steadily to production of value added organic Coconut products. Considering the growing demand for the organic agricultural products all over the world, this is a commercially astute and positive change of direction. Following are some of the value added organic Coconut products being currently exported by Sri Lankan Coconut products manufacturers and suppliers.

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  • EDB drives Sri Lanka’s ICT sector to penetrate Japanese market.

    26/12/2016 EDB Media

    02/01/2017
    EDB drives Sri Lanka’s ICT sector to penetrate Japanese market.

    EDB continues the Sri Lanka participation at Japan IT Week 2017 ‍from 10th -12th  May at Tokyo big sight, Japan. Sri Lanka pavilion which will locate in Software and Apps Development Expo (SODEC) could be a launching pad for Sri Lankan ICT companies to enter Japan market.

    Japan IT Week http://www.japan-it.jp/en/ ] is truly Japan's largest ICT trade show where you can find any kinds of latest IC T technologies/solutions. A great number of information systems manager, management executives, sales managers, system integrators and managers from IT system division will visit Japan IT Week to conduct business face to face with exhibitors.

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  • Govt. plans to ban cinnamon imports

    19/12/2016 Daily FT

    02/01/2017
    Govt. plans to ban cinnamon imports

    The Government is preparing to revamp entreport schemes for re-exporting key spices from Sri Lanka including pepper, cloves, nutmeg and mace to protect Sri Lanka’s reputation for quality while banning cinnamon imports.      

    The proposal spearheaded by the Primary Industries Ministry has already received Cabinet approval and aims to put in place several fresh policies to ensure that spices re-exported from Colombo port are not diluted or incorrectly labelled as originating from Sri Lanka.

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  • Developing a Stronger Natural Rubber Industry with the Help of Nanotechnology

    14/12/2016

    02/01/2017
    Developing a Stronger Natural Rubber Industry with the Help of Nanotechnology

    Although Nanotechnology is a lesser celebrated subject in Sri Lanka, one of the country’s main export crops are tipped to benefit from the latest developments in Nanotechnology.

    The latest research has discovered a new chemical process to combine carbon nanotubes with natural rubber compounds to enhance its flexibility and strength. What’s more, the process has been found to enhance the mechanical and electrical properties without sacrificing the elasticity of the material.

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  • Trade for success: Connect, Compete, Change - 16th edition of the WEDF

    14/12/2016

    02/01/2017
    Trade for success: Connect, Compete, Change - 16th edition of the WEDF

    The 16th edition of the globally represented World Export Development Forum 2016 (WEDF 2016) was hosted for the first time in Colombo, Sri Lanka on the 12th and 13th of October, marking the rapidly developing nation’s irreplaceable role in the advancing regional economy as a logistics hub. The two-day event annually organized by the International Trade Centre (ITC) was co-hosted this year by the Ministry of Development Strategies and International Trade of Sri Lanka through the Sri Lanka Export Development Board (EDB), and was timely themed ‘Trade for Success: Connect, Compete, Change’.

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  • The Forthcoming Free Trade Agreement (FTA) between Sri Lanka & China

    14/12/2016

    02/01/2017
    The Forthcoming Free Trade Agreement (FTA) between Sri Lanka & China

    Sri Lanka is stepping up negotiations on Free Trade Agreements (FTAs) with three of its foremost trading partners - India, China and Singapore.

    The government hopes to finalize discussions and reach comprehensive trade deals with India and Singapore by December 2016 and with China by the first quarter of 2017. Sri Lanka's recent interest in FTAs with major trading partners, touted in the media as “FTA Mania”, is totally justified.

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