Keep Abreast With the Exports and Exporters in Sri Lanka

Sri Lanka Export Development Board (EDB) completes conducting the 87th course on Operational Aspects of International Trade with the participation of 45 executives, holding senior and middle-level positions in private and public sector organisations involved in international trade. The course duration was 10 days including a one-day study tour.

The Sri Lanka Export Development Board (EDB) has launched a national program to nurture 2,000 new entrepreneurs to be exporters during the period 2017 - 2022, at regional level. The main objective of the program is to encourage domestic enterprises to invest in export industries to achieve the overall export target of US $ 28 billion in 2022. Simultaneously, new entrants have gained opportunities in local and international marketing experience. Accordingly 2000 non-exporter entrepreneurs are planned to be transformed into exporters through capacity, product and market development programmes.

The Sri Lanka Export Development Board (EDB) in association with the National Research Council (NRC) held an awareness session on the NRC’s Public-Private Partnership (PPP) Programme on 29th July, 2019, at the EDB Auditorium targeting the exporter community. The aim of the session was to educate exporters about the modalities of the PPP programme.

“This Act is truly visionary; I wish other countries had this in their export development framework!”, remarked a senior official of the Geneva-based International Trade Centre to me some months back. He was referring to the ‘Sri Lanka Export Development Act No. 40 of 1979’, which marks 40 years this month. He had found it to be an institutional arrangement that was far ahead of its time, and is still having relevance today – not just for Sri Lanka, but also for other developing countries. And he would know, having worked on export development strategies for over a dozen countries around the world.

The country’s boat-building industry has an ambitious target of doubling its export revenue to reach US $ 250 million by 2022.

Interbrand, the world’s largest and most influential brand consultancy, has completed the development of Sri Lanka’s country-of-origin trademark for the spices sector. The trademark supports growers, processors and manufacturers by helping them to clearly identify their products as ‘Sri Lankan Made’ and informs customers and consumers that all significant parts, produce, processing and products are of genuine Sri Lankan origin.

Sri Lanka Electronic Manufacturers and Exporters Association (SLEMEA) hosted its 21st Annual General Meeting on 25 July at the Ramada Colombo.

Opening a new chapter in the exports playbook, the Government of Sri Lanka launched its flagship national agenda – The National Exports Strategy (NES) – in July 2018. The ambitions and outward looking agenda

To help Sri Lankan companies eyeing the daunting Indian market, the International Trade and Development Strategies Ministry yesterday launched a new report to assist breaking into India, with Minister Malik Samarawickrama undertaking a visit to India this week to help local businesses find success across the Palk Strait.

The Sri Lanka Export Development Board (EDB) celebrated its 40^th anniversary with religious observances on 1^st August 2019. The anniversary celebration consisted of a multi-religious event, an all-night pirith chanting and alms giving for 40 Buddhist monks. These merits were made at the head office of the EDB on August 1^st, 2^nd and 3^rd.

Around the world, shifts in political economy, technology and the environment are contributing to increasingly turbulent conditions in which policymakers are having to respond to complex dynamics and new sources of uncertainty. Science, technology and innovation are often at the heart of these changes.

The Sri Lanka Export Development Board [EDB] which turned 40 years on 1^st August is the premier state organization for the development and promotion of exports. The Board plays myriad roles in the export sector of the economy, as a Policy Advisor, Monitor, Promoter, Facilitator and Knowledge Provider in carrying out its responsibilities of implementing strategies for achieving national export targets.

The Sri Lanka National Exports Strategy (NES) has been swiftly moving its priority actions into implementation since its launch in July 2018.

Sri Lanka’s skilled workforce was not affected by the recent events that occurred on Easter Sunday when several churches and hotels were attacked by terrorists.  The workforce in the electronics industry showed a very high turnover according to leading investors in that sector.