• First ever Lanka-Belarus bilateral trade meeting begins today

    09/07/2014 news.lk

    02/01/2017
    First ever Lanka-Belarus bilateral trade meeting begins today

    First ever bilateral trade meet between Sri Lanka and a key member of upcoming Eurasian Economic Union (EEU) starts tomorrow 09 July in Colombo. “Our newest trade effort with Balarus strengthens the historic relations and more importantly, gives us direct access to the world’s newest single economic market” said  Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) onTuesday (08).

    Minister Bathiudeen was in discussions with his officials on the first ever Sri Lanka-Belarus Joint Commission on Trade and Economic Cooperation to be held in Colombo on 9-10 July with the participation of  Valentin B. Rybakov, Deputy Minister of Foreign Affairs, Belarus.  Deputy Minister Rybakov arrived in Sri Lanka Tuesday (08) leading a 20 member strong official delegation of the Government of Belarus, for this historic trade meeting.

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  • Sri Lanka takes first step aiming $20B Export target by 2020

    07/07/2014 news.lk

    02/01/2017
    Sri Lanka takes first step aiming $20B Export target by 2020

    Sri Lanka in a bid to achieve its $ 20 B export target by 2020, handed over on July 01, the task of producing an initial way forward blueprint by August to an international consultancy firm.

    “Today we are launching the first step of EDB’s Strategic Plan creation which aims to achieve $ 20 Bn by 2020. Hilmy’s enormous experience and expertise will definitely enhance the total process of EDB in a positive way” said Bandula Egodage (Chairman/CEO, EDB) addressing the session on July 01..  He further said, " We also thank VEGA USAID for the contribution towards this initiative. We all know that our national target is $ 20 Bn by 2020 but there is a big mismatch-our current export strategic plan ends in 2015 and there is a strategy gap from 2015-2020; We are launching today’s initiative to bridge this gap and draw the plan till 2020 to complete this in a professional and a focused way.”

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  • Sri Lanka biz forum in Israel a success

    07/07/2014 Daily FT

    02/01/2017
    Sri Lanka biz forum in Israel a success

    A successful business forum from Sri Lanka consisting of 40 business leaders led by Deputy Minister of External Affairs, Sri Lanka Neomal Perera, who himself is a business leader completed a successful forum interacting with business leaders, L.R. Group, Sri Lanka-Asia Chamber of Commerce and the community on various aspects including tourism, hi-tech, water, energy, medical, apparel, employment, agriculture, greenhouse cultivation, dairy, fish, flowers, diamonds, gems, jewellery, rubber, education and other topics suggested by prospective delegates.

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  • Hashemite Kingdom renews trade, wants to re-activate JC right away

    02/07/2014 Asian Tribune

    02/01/2017
    Hashemite Kingdom renews trade, wants to re-activate JC right away

    The Hashemite Kingdom wants to renew its trade with Sri Lanka-with no less than a Joint Commission meet at its end. “Let us now get really practical. It is time to activate 2007 Agreement and start vigorous bilateral trade. We are open to all suggestions from Sri Lanka” said a keen Ambassador Hassan Al Jawarneh (Delhi based Ambassador of Hashemite Kingdom of Jordan to Sri Lanka) on 01 July in Colombo.

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  • ‘Lanka handlooms special’-Int’l Design Expert

    01/07/2014 Asian Tribune

    02/01/2017
    ‘Lanka handlooms special’-Int’l Design Expert

    Just as the US demand for Lankan handlooms surged, an international design expert called on 30 June the country to further strengthen its design and promotion capacities-and Sri Lanka’s handloom designs continue to have a special identity.

    “Sri Lanka has been known for its handloom textiles. Sri Lanka, rather than moving into fast fashion handloom cycles, can elevate its special handlooms brand by building competence and international promotion efforts” said Jennifer Shellard (Visiting Lecturer, Woven Textile Department of London’s University of Creative Arts) on 30 June in Colombo.

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  • UK expert to inaugurate handloom design program

    30/06/2014 Lanka Business Today

    02/01/2017
    UK expert to inaugurate handloom design program

    A programme on ‘Design Development for Sri Lanka’s Handlooms’ will take place at the Export Development Board auditorium today, June 30 at 9.30am.

    It will be inaugurated by International Design Expert Ms Jennifer Shellard of the United Kingdom.

    Sri Lanka's handloom textile industry is centuries old, the 6th century BC according to Mahavansa, when Prince Vijaya from India landed at Manthota (Mannar) in Sri Lanka. History records that when he found Kuveni, whom he eventually married, she was spinning yarn. And that tradition continues to the present era as weaving handloom textiles.

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  • AWARENESS SEMINAR/WORKSHOP ON FRUITS & VEGETABLES FOR THE EXPORT MARKET-NCP

    25/06/2014 Daily FT

    02/01/2017
    AWARENESS SEMINAR/WORKSHOP ON FRUITS & VEGETABLES FOR THE EXPORT MARKET-NCP

    The North Western Provincial office of the Sri Lanka Export Development Board, successfully conducted the awareness seminar/workshop on fruits & vegetables for the export market on 24th March 2014 in Anuradhapura with the participation of 115 fruits & vegetable farmers in North Central Province. The programme was organized by NWP-EDB with the assistance of Department of Agriculture, National Plant Quarantine Service and Lanka Fruits & Vegetable Producers, Processors & Exporters Association.

    The main objective of conducting this seminar was to increase the capacity of Fruits & Vegetable farmers in the North Central Province by way of enhancing Technical/Market awareness and facilitating linkages between farmers and exporters in order to develop consolidated supply base of quality fruits & vegetables for exports from Regions.

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  • SRI LANKA: Apparel exports exceed $4bn target Share on facebook Share on twitter Share on email Share on print More Sharing Services

    25/06/2014 Daily FT

    02/01/2017
    SRI LANKA: Apparel exports exceed $4bn target  Share on facebook Share on twitter Share on email Share on print More Sharing Services

    Sri Lanka's apparel and textile sector exported a record US$4.3bn in 2013 and its Joint Apparel Association Forum (JAAF) has predicted overseas sales will continue rising this year. The JAAF president Noel Piyatilake told just-style the industry is targeting an ambitious target of US$6bn in exports...

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  • EDB Starts Work On Latest Global Market Fair Trade Call

    25/06/2014 Daily FT

    02/01/2017
    EDB Starts Work On Latest Global Market Fair Trade Call

    As Fairtrade becomes the latest sales driver in international markets, Sri Lanka has stepped up its efforts to meet the new standard. A promising Lankan export niche has become the successful testing ground for Sri Lanka’s entry into global Fairtrade certification regime – and the EDB, which leads the initiative, has received encouraging feedback from many – including a global consultant on Fairtrade.

    “I am impressed of Sri Lanka’s craft makers and exporters. Their products are of high quality,” said a satisfied Paul Myers, the visiting USAID/VEGA Fairtrade Expert on 19 June at EDB, Colombo.

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  • Sri Lanka Shines at 2nd China-South Asia Expo in Kunming

    24/06/2014 Daily FT

    02/01/2017
    Sri Lanka Shines at 2nd China-South Asia Expo in Kunming

    The Sri Lanka Export Development Board (SLEDB) in collaboration with the Embassy of Sri Lanka in Beijing organised the Sri Lanka Pavilion at the 2nd China-South Asia Expo in Kunming, China from 6 to 10 June with the participation of 135 Sri Lankan companies, displaying and promoting Sri Lankan product sectors such as gems and jewellery, tea, batik, handicraft, coir products, Ayurvedic products and giftware.

    Minister of Industry and Commerce Rishad Bathiudeen ceremonially opened the Sri Lanka Pavilion at the expo and delivered the keynote address at the 9th China-South Asia Business Forum held on the sidelines of the 2nd China-South Asia Expo.

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  • Dutch Push For Lanka’s Hi-tech Exports

    23/06/2014 Asian Tribune

    02/01/2017
    Dutch Push For Lanka’s Hi-tech Exports

    Sri Lanka is leveraging ICT exports to achieve its $20 B goal of 2020. And a new support initiative by the Netherlands is set to elevate Lankan software exporters to latest tech developments. “The government is highly focused on ICT sector as a forex earner and export driver. We cannot ignore ICT if we are to achieve any progress” said Bandula Egodage (Chairman/CEO of EDB) on 19 June in Colombo.

    Chairman Egodage was addressing the two day-hands on interactive session “Website Enhancement and Online Marketing ITO/BPO” organised by the EDB for Sri Lankan software manufacturing and export firms. The first ever such hands-on initiative moved by EDB was facilitated by Netherlands’ CBI (Centre for the Promotion of Imports from developing countries)-an agency of the Ministry of Foreign Affairs of the Netherlands. Joost vander Kooij and Onno Roukens, the two CBI professional consultants who specially arrived from the Netherlands to train the companies in the session helped the more than 25 Lankan participants of the session on a one-to-one basis. Among the ICT giants taking part were John Keells Computer Services, hSenid Business Solutions, 99X Technologies, Cyber Concepts, SewEasy, E-Nowave, InfoMate, Calcey Technologies, Pyxle, Allion Technologies, Dinota Information Technologies, Sanje, i-Context Content Convergence, Four Corners, Akio Information Technologies, Data Management Systems, Lanka Communication Services, E Marketing Eye, and Perfect Business Solution Services.

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  • Export Earnings Increase in April, Rupee Stable

    23/06/2014 Daily News

    02/01/2017
    Export Earnings Increase in April, Rupee Stable

    Sri Lanka’s external sector strengthened further in April 2014, with continued foreign currency inflows in the form of earnings from exports, tourism, workers’ remittances, as well as inflows to the financial account, the Central Bank said on Friday.
    The trade deficit continued to narrow during the first four months of 2014 as a result of healthy growth in exports. The contraction of the trade deficit and higher inflows to services and income accounts contributed to reducing the current account deficit. These developments, together with inflows to the financial account have resulted in a higher surplus in the BOP by end April 2014, compared to the corresponding period of 2013,the Bank said.

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  • Sri Lanka's Fish Export Up By 20% in 2014 1Q

    19/06/2014 news.lk

    02/01/2017
    Sri Lanka's Fish Export Up By 20% in 2014 1Q

    Fish and fishery product sector plays an important role in Sri Lanka’s Social and economic life. The Sector contributes about 2.7% to country’s GDP.End of the civil unrest detained three decades in the country, fisheries sector has a significant scope to increase the level of contribution through exploiting high seas for tuna fishing & value addition.

    Sri Lanka’s main fishery export products include tuna, fresh chilled and frozen form, shrimps & prawns, crabs and lobsters.Other than the above shark fins, fish maws, beche-de-mer, cuttle fish & squid, sprats are also exports mostly to the Asian markets. United Kingdom is the main market for Sri Lankan tuna followed by France, Italy, Netherlands, Germany etc.

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  • SL Apparel Industry in a Global Context and Future Fortunes

    17/06/2014 Daily Mirror

    02/01/2017
    SL Apparel Industry in a Global Context and Future Fortunes

    The Sri Lankan apparel trade today is well renowned around the world to be the most cutting-edge and innovative when it comes to apparel manufacturing.

    With a very long history of manufacturing in the island and throughout the challenges which this industry has faced to this day, the garment manufacturing  stands much stronger than it has been ever before where the exports from this industry within a year increased by 11 percent (which was the biggest increase annually in 2013 compared with initial years) and by end November 2013 the exports earnings from this industry in Sri Lanka stood at US $2.876 billion, which is a substantial amount of foreign exchange bought into the country by a single industry.

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  • Rise in coconut product exports

    03/06/2014 Daily News

    02/01/2017
    Rise in coconut product exports

    Sri Lanka’s coconut related exports increased by 86 percent during the first quarter of this year compared to 2011, Coconut Development and Janatha Estate Development Ministry sources said yesterday.

    The Coconut Development and Janatha Estate Development Ministry was established in 2011 as a new Cabinet ministry. According to ministry statistics, during the first quarter of this year, Sri Lanka earned over Rs. 5,090 million from coconut related products, an 88 percent increase from the same period in 2011.

    In the first quarter of 2011 it was Rs. 2,115 million. It increased annually and the total coconut related products export revenue in 2013 stood at Rs. 44,952 million. Sri Lanka exports 35 coconut related products to 135 countries.

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  • Pakistan likely to expand FTA trade with Sri Lanka

    02/06/2014 Daily News

    02/01/2017
    Pakistan likely to expand FTA trade with Sri Lanka

    Pakistan, Sri Lanka’s second largest trade partner in the region, has indicated interest in expanding its free trade agreement (FTA) trade with the island, creating growth in bilateral trade, which already exceeds the US $ 460 million mark, according to Sri Lanka’s trade ministry.

    In a statement the ministry said that Pakistan’s High Commissioner Qasim Qureshi had indicated that his country looks forward to expand FTA trade by reducing sensitive items, thereby creating more opportunities for Lankan exporters.

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  • Lanka rides $60Bn global FOSS wave to help exporters, aiming cost advantage

    31/05/2014 Asian Tribune

    02/01/2017
    Lanka rides $60Bn global FOSS wave to help exporters, aiming cost advantage

    Sri Lanka has a favourable ‘per container cost to export’ rate of only $ 595. After reporting $1.07 Bn record exports in March, the country is now mulling a new high tech initiative to help exporters to lower this rate for added competitive advantage-while eager Lankan exporters are already testing to avail themselves to a portion of $60Bn global savings from Free and Open Source Software (FOSS).

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  • ‘Even our SMEs suffered in global recession’-Rishad

    26/05/2014 news.lk

    02/01/2017
    ‘Even our SMEs suffered in global recession’-Rishad

    SMEs claim 70% of Sri Lankan enterprises and 23% of national employment. Our banking sector still looks the other way when it comes to our SMEs as they are worried about recovering credit from SMEs. This is despite our Central Bank’s efforts to keep lending rates at low levels. I urge our banking sector to link with Sri Lanka’s SMEs much closer and become a direct stakeholder in our national development. Do not avoid this risk. It is in such risks that great rewards and profits are found said Minister Bathiudeen and added: “In this background, I highly commend, the recent announcement by International Finance Corporation (IFC) office in Colombo to assist our SMEs with their valuable funding of $ 125 million.

    Minister Bathiudeen was addressing the inauguration event of SMIDEX  held recently by the Industrial Development Board under Ministry of Traditional Industries & Small Enterprises at BMICH, Colombo. According to the IDB, SMIDEX has been introduced by the IDB to mark its 45th year anniversary. SMIDEX is yet another national event showcasing the SMEs with special attention to technology, machinery, raw materials, business development and other services.

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  • Lankan delegation to explore new opportunities in post-revolution Tunisia at TIF 2014

    24/05/2014 The Island

    02/01/2017
    Lankan delegation to explore new opportunities in post-revolution Tunisia at TIF 2014

    Hon. Rishad Bathiudeen, Minister of Industry and Commerce will attend the Tunisia Investment Forum (TIF) 2014 along with a Sri Lankan business delegation on June 12 and 13 at El Mouradi Gammarth Hotel, Tunis. The forum takes place just six months after Tunisia’s adoption of a new constitution.

    Under the theme, ‘New Tunisia: New Democracy, New Opportunities,’ TIF 2014 will showcase the impact of democratic progress on the country’s economic and social environment. The forum is expected to present a more transparent and conducive investment destination to the international business community, highlighting investment prospects and growth generating projects, a news release issued in connection with the forum said.

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  • First Lanka-Belarus JEC, biz delegations in July amidst renewed trade

    23/05/2014 Asian Tribune

    02/01/2017
    First Lanka-Belarus JEC, biz delegations in July amidst renewed trade

    As Sri Lanka’s trade with the virgin Eurasian market Belarus clocked $ 14 Mn, the gateway to the 170 Mn strong custom union wants to renew trade and business immediately -as early as in July.

    “With your assistance, we want to prepare fruitful projects with Sri Lanka. We propose a Joint Economic Commission with Sri Lanka as early as July 2014 to be held in Colombo, if possible. We also can formulate the first Belarus Business delegation to Colombo during this event as per your interest” said a keen Vitaly Prima (the New Delhi based Ambassador of Belarus to Sri Lanka) on 22 May in Colombo.

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