• Sri Lanka launches third ICT survey with PwC

    02/01/2017
    Sri Lanka launches third ICT survey with PwC

    As ICT exports are projected to top $1Bn this year, Sri Lanka has launched the latest ICT Value Survey to find the national hi-tech exports it achieved in 2013/14-and all the ICT exporters are encouraged to actively take part in it.

    “We have recognized the ICT industry to be a key player in our exports. We a looking for $1 billion exports this year” voiced Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on Wednesday (18) in Colombo.

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  • Sri Lankan tea exporters enjoy a great slice of the global tea market.

    02/01/2017
    Sri Lankan tea exporters enjoy a great slice of the global tea market.

    The past three years from 2012-2014 saw a renaissance in Ceylon Tea with the year 2013 breaking all records and the 2014 figures just released surpassing even that of 2013, recording the highest ever export earnings of $ 1.61 billion (Rs. 210.2 billion) which is a 5.43 % growth over 2013 and a FOB price of US$ 4.95 per kg, which is a 3.1 % growth over 2013 which were all records for the 147 year old history of the Sri Lankan tea industry.

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  • Apparel exports top US$ 4.3 b upto Nov 2014

    02/01/2017
    Apparel exports top US$ 4.3 b upto Nov 2014

    The value of Sri Lanka’s total apparel exports for the first 11 months last year reached US$ 4302.4 million, registering 11% per cent growth. In 2013, Apparel exports had generated US$ 3876 million during the period January to November.

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  • ‘Lanka FTA will be very big news back home’–Yunnan Province

    02/01/2017
    ‘Lanka FTA will be very big news back home’–Yunnan Province

    Li Jiming (Deputy Secretary-General of Yunnan Provincial Government and Director General of Yunnan International Exposition Bureau-far right) seen with a part of his delegation to Sri Lanka on 13 January at EDB in Colombo.

    As bilateral trade topped $ 3Bn, Sri Lanka’s exports sector is readying one of the strongest ever delegations to this year’s Kunming international expo while Lanka’s second largest global supplier voiced that it is increasingly upbeat on the prospective FTA between both countries-and the $ 190 Bn Yunnan province is keen for a Corporate Agreement with Lanka’s apex export entity, a first, as revealed on 13 January.

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  • Lanka to participate in Japan’s largest jewellery trade show

    02/01/2017
    Lanka to participate in Japan’s largest jewellery trade show

    Sri Lanka will participate in Japan’s largest international jewellery trade show this month. This event is known as “ IJT international jewellery trade show.”

    A wide variety of products in the jewellery industry gathers under one roof, at the world trend-setting city, Tokyo. Sri Lanka could increase the US$ one billion overall export target in 2016, if the local gem/precious stone exports were encouraged and developed targeting international markets. Therefore, participating for international trade shows should help to capture news markets, Director Marketing and Export -National Gem and Jewellery Authority, Rohan Perera said.

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  • Sri Lanka's Cinnamon, the pride among world's spices

    02/01/2017
    Sri Lanka's Cinnamon, the pride among world's spices

    Sri Lanka's Cinnamon, the pride among world's spices

    The Government has taken steps to uplift the Cinnamon production in Sri Lanka to target international market. Cinnamon, indigenous to Sri Lanka is the pride among world's spices. Sri Lanka is the world's largest cinnamon producer and accounts for about 70 per cent of the global production, while cinnamon exports from Seychelles have steadily increased. However, cassia a cinnamon like spice obtained from the bark of a plant related to cinnamon is widely traded as a relatively cheap substitute for cinnamon.

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  • Sri Lankan Handlooms access the competitive international market

    02/01/2017
    Sri Lankan Handlooms access the competitive international market

    Sri Lankan Handlooms access the competitive international market

    Sri Lanka exports curtaining, table linen, bed linen, kitchen linen, upholstery and dress fabric and other products to foreign markets. The products in demand in the local market are curtaining, table linen, bed linen furnishing, cushion covers, sarongs and sarees. Currently, cotton and silk yarn is imported from India and Korea, monthly. Around 900 private handloom producers inclusive of small, medium and large-scale are operating in the country.

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  • Bangladesh, Sri Lanka near to historic trade pact

    02/01/2017
    Bangladesh, Sri Lanka near to historic trade pact

    As both Bangladesh and Sri Lanka moved closer to their historic trade pact, the process took a new turn as a keen Bangladeshi private sector itself stepping in to accelerate it on 27 November, a rare development in an on-going Lankan trade negotiations-and bilateral trade between both countries has jumped by a strong 67%.

    “I will meet our Commerce Minister who is very well meaning and serious, and inform him to expedite the FTA process” said Mahbubur Rahman (President, International Chamber of Commerce of Bangladesh ICCB) on Thursday (27) in Colombo. ICCB President Rahman was addressing Rishad Bathiudeen.

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  • Sri Lankan Agricultural Delegation visit Israel

    02/01/2017
    Sri Lankan Agricultural Delegation visit Israel


    SLEDB organized a technical exposure and awareness programme in Israel from 10-15 September 2014, for a group of growers of the Sri Lanka Protected Agriculture Entrepreneurs Association in the Central province, to provide training & awareness on intensive cultivation methods of fresh fruits & vegetables , other protected agriculture systems, efficient management of water resources & soil, open field irrigation methods, post harvest handling, export packaging and marketing.

    The programme was conducted with the assistance of the Honorary Consulate of the Israel, The Sri Lankan Embassy in Israel, MASHAV (Israel's Agency for International Development Cooperation) and CINADCO (Center for International Agricultural Development Cooperation) which is functioning under the Department of Agriculture & Rural Development in Israel.

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  • The need for exporters to register with the EDB stressed

    Ceylon Today

    02/01/2017
    The need for exporters to register with the EDB stressed


    Sri Lanka's apex export entity – EDB, yesterday claimed that some non-registered exporters with no knowledge of procedures have brought a bad reputation for Sri Lanka.

    EDB pointed out that, the European Commission Director General of Health and Consumers had recently informed the National Plant Quarantine Services of Sri Lanka that some consignments of fresh fruits and vegetables (only) exported to EU and Switzerland were contaminated with pests, and that of 350 fresh fruits and vegetables (only) consignments that entered the EU from 2011 to date, 292 were contaminated with pests.

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  • EDB starts first ever medical tourism push

    Daily News

    02/01/2017
    EDB starts first ever medical tourism push


    “Professional service exports present a tremendous opportunity and can speed up government’s ‘$20B exports by 2020’ goal. Medical Tourism is one of the most promising sub-sectors in this. We are ready to work with any and all stakeholders to get this off the ground” said Director General, EDB, Sujatha Weerakoone addressing the kick-off session of EDB's 2015-20 National Masterplan Initiative on Medical Tourism held at EDB last week.

    The pioneering session saw top reps from Hemas Hospitals, Asiri Group of Hospitals, Lanka Hospitals, Durdans Hospital, Nawaloka Hospitals PLC, the Health Ministry as well as M.K.S.K Maldeniya (ICT Sector Director-EDB) joining the session. The private sector reps also represent Sri Lanka’s Private Hospital Association (PHA).

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  • ICA to host 16th Congress in Sri Lanka

    02/01/2017
    ICA to host 16th Congress in Sri Lanka

    The International Colored Gem Stones Congress(ICA), the sole global think-tank which serves to benefit the colored gemstone industries have chosen Sri Lanka as its host country for its 16th congress to be held in May 16th - 19th, 2015 in Colombo at the Cinnamon Grand Hotel.

    This is the second time that Sri Lanka will be hosting the prestigious ICA event which prides itself for uniting various segments of the colored gem trade. The theme for the event is `Sapphire and MORE`. A `Facets Congress Gem Show` will also be held from May 15th to 18th at same venue.

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  • Lanka vying for $3B rubber sector

    Asian Tribune - 07-09-2014

    02/01/2017
    Lanka vying for $3B rubber sector

    Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka–second from right) and HE Azmi Zainuddin (Malaysian High Commissioner to Colombo-second from left) join to inaugurate Global Rubber Conference 2014 (to be held in October in Colombo) on 28 August in Colombo as Dr Abdul Aziz (Secretary General of International Rubber Research & Development Board-far left) and Bandula Egodage (Chairman & CEO-EDB-far right) look on.

    As the first ever Global Rubber Confab to be held in Sri Lanka is announced on 28 August, the country positioned its historic rubber industry to be a $ 3B sector. And a top global rubber body voiced that rubber prices would recover ‘before very long’.

    “We are now aiming at an ambitious $3B rubber industry in the coming decade. To arrive at this $3B in a viable manner, it is essential for us to support our rubber farmers. I believe it is time for a long term development plan for this sector. The 2013 rubber exports of $960 Mn is a 100% increase compared to rubber exports five years ago” said a keen Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 29 August in Colombo.

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  • Sri Lanka-China FTA deal during Chinese President’s visit next month

    Sunday Times - 31-08-2014

    02/01/2017
    Sri Lanka-China FTA deal during Chinese President’s visit next month

    Sri Lanka will be launching its Free Trade Agreement (FTA) with China making the biggest leap forward in relations between the two countries in more than 60 years, during Chinese President Xi Jinping’s state visit to the island next month, official sources revealed.

    Mr. Xi will be accompanied by a 150-member top level delegation including senior officials, billionaire businessmen industrialists and investors.

    The Chinese leader will become the first President to visit Sri Lanka since former leader Li Xiannian in 1986. His visit assumes significance in strengthening ties between the two countries, with China investing heavily in the island nation, the sources said. The joint feasibility study on the FTA has been finalised and negotiations on formulating the agreement including the negative list are underway between officials of the departments of commerce between the two countries, a senior government official told Business Times.

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  • Branding would give Lankan rubber boost

    02/01/2017
    Branding would give Lankan rubber boost

    The Plastic and Rubber Institute of Sri Lanka CEO Forum recently mooted ideas for improving plastic and rubber industries in Sri Lanka.

    While quality adding has been long discussed topic of improvement, it was discussed that branding Sri Lankan rubber will give Sri Lankan rubber a significant boost.

    Chairman and CEO of the Export Development Board of Sri Lanka, Bandula Egodage, who attended the event said rubber is one of the chief exports in Sri Lanka and Sri Lanka's rank in the contribution of rubber exported globally is 32% . However, he also said Sri Lanka's solid tyres rank at the first place in exports, which is a clear indication that there is a market for value added goods rather than just the raw form.

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  • AWARENESS SEMINAR/WORKSHOP ON ORNAMENTAL FISH FOR THE EXPORT MARKET - NWP/NCP

    02/01/2017
    AWARENESS SEMINAR/WORKSHOP ON ORNAMENTAL FISH FOR THE EXPORT MARKET - NWP/NCP

    The North Western Provincial office of the SLEDB, successfully conducted the awareness seminar/workshop on Ornamental Fish for the export Market on 12th August 2014 in the auditorium of District Secretariat-Kurunegala with the participation of 110 export oriented Ornamental Fish farmers in North Western & North Central Provinces. The programme was organized by the NWP-EDB with the assistance of National Aquaculture Development Authority (NAQDA).

    The main objective of conducting this programme is to increase the capacity of export oriented ornamental fish farmers in the region by way of enhancing Technical/Market awareness and facilitating linkages between farmers and exporters in order to develop consolidated supply base of quality ornamental fish for exports.

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  • Korean Push for First Ever Lanka Regional Apparel Training

    Source: Department of Government Information, Sri Lanka

    02/01/2017
    Korean Push for First Ever Lanka Regional Apparel Training

    As apparel revenues topped $2.4 Bn in ’14 1H, in a new development, Korea has extended its support to enhance industry capacity in North-and Sri Lanka’s crucial apparel industry training efforts have now expanded to regions for the first time.

    “We are receiving today’s apparel technical support thanks to Korea International Cooperation Agency (KOICA) and the Government of Korea. Thanks to KOICA, our apparel training efforts have entered the regions” said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka and Vanni MP on Sunday (04) in Mannar..

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  • “FACETS Sri Lanka” To Sparkle For The 24th Year

    02/01/2017
    “FACETS Sri Lanka” To Sparkle For The 24th Year

    FACETS Sri Lanka 2014, the prestigious International Gem and Jewellery Show that showcases hundreds of local and foreign exhibitors, will be held from 4th - 7th September at the Sirimavo Bandaranaike Memorial Exhibition Centre.

    This year’s exhibition will comprise over 150 booths with a variety of Gem and Jewellery that include precious and semiprecious gems.

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  • SL, Vietnam two way trade grown by 100 percent

    02/01/2017
    SL, Vietnam two way trade grown by 100 percent

    Relations between Vietnam and Sri Lanka are fast developing, and two way trade between the countries has grown by nearly 100 per cent during the last three years, Vietnamese Ambassador to Colombo Ton Sinh Thanh said.

    He added, the two-way trade over the past three years has been increasing by around 30 per cent per year, the highest rate among Vietnam trade with other South Asian countries. He made thise revelation at the opening of the first ever Sri Lanka Vietnam business centre in Kelaniya, a venture promoted by the APL Group of Companies. Ambassador Thanh identified the new centre as an important landmark in the economic relations between the two countries. Highlighting the rapid growth of economic relations between the two countries the Ambassador said ; "in the first half of this year our bilateral trade volume reached US $109 million, almost equal to the volume of the whole year 2011. The Ambassador predicted that the total trade volume between the two countries this year will surpass US $200 million.

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  • Japan positive on FTA, wants economic regime strengthened

    Asian Tribune - 30-07-2014

    02/01/2017
    Japan positive on FTA, wants economic regime strengthened

    As Sri Lanka-Japan bilateral trade jumped $890 Mn and edged to $ 900 Mn mark, a keen Japan signalled towards a Lanka-Japan FTA for the first time-albeit with a qualifier. “In terms of country risk and future potential, I believe Sri Lanka is quite promising. We consider that FTA and EPAs as very useful means to promote trade. Mere conclusion of FTAs alone is not sufficient for better trade however. What is important is to develop a very robust foundation here” said a confident Kazuyoshi Akaba, the visiting Japanese Senior Vice Minister of Economy, Trade & Industry (METI) on 28 July in Colombo.

    Japanese Minister Akaba was responding to Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 28 July during his bilateral session with the Sri Lankan team led by Minister Bathiudeen at Ministry of Industry and Commerce, Colombo 3.

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