• China starts Sri Lanka agro value chain studies

    13/03/2014 The Island

    02/01/2017
    China starts Sri Lanka agro value chain studies

    Fujian, China’s emerging high growth province, is eager for more Sri Lankan exports to its demanding marketplace-and a visiting delegation to Colombo pushed for direct links with Lankan businesses on 06 March in Colombo. "Sri Lanka has been rebuilt as the pearl of the Indian Ocean. And I agree with you that both sides can mutually benefit in many sectors of cooperation, including trade. In fact, we want Sri Lanka – Fujian trade to grow in Sri Lanka’s favour" said a keen (HE) Song Kening (Director-General of Fujian Provincial Foreign Affairs) on 06 March in Colombo.

    Director-General Kening was addressing the Sri Lankan business team led by Bandula Egodage (Chairman/CEO, EDB) along with Dr Yousuf Maraikkar (ED, EDB), Sujatha Weerakoone (DG, EDB) and EDB sectoral representatives on 06 March at EDB premises, Colombo.

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  • China starts first Sri Lanka value chain study

    12/03/2014 Daily Nation

    02/01/2017
    China starts first Sri Lanka value chain study

    Strengthening bilateral trade cooperation further, China’s powerful official organ in charge of import commodity inspections, has despatched its first expert study team to Sri Lanka, signalling that China is opening for Sri Lanka’s agro-exports.

    The official quarantine study team from the powerful official organ in charge of import commodity inspections, Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (ADSIQ-China) has arrived in Sri Lanka on 05 February and begun work on 06 February, by liaising with the EDB. The three member team is scheduled to return to China on 12 March.

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  • Sri Lanka German trade tops US$ 852 mn

    10/03/2014 Daily News

    02/01/2017
    Sri Lanka German trade tops US$ 852 mn

    Sri Lanka German trade has hit record heights last year with the total trade turnover exceeding US$ 852 million.

    G. L. Gnanatheva, First Secretary (Commercial) Sri Lankan Embassy in Germany said that total trade turnover was in the excess of US $ 771million. In 2012 Sri Lanka exported goods to Germany to the tune of US$ 452 million while German exports to Sri Lanka stood at US$ 319

    He said that for the first time trade balance too has narrowed from US$133 million to US$ 83 million.

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  • Cinnamon exports rise by 6.4% to $ 129.5 mn

    03/03/2014 Daily News

    02/01/2017
    Cinnamon exports rise by 6.4% to $ 129.5 mn

    Ceylon Cinnamon, which is Sri Lanka’s second global brand, has secured its trademark in two more leading markets-with one more country application in the registration process. ”I commend the EDB’s Agro division for their efforts on this initiative” said Bandula Egodage (Chairman/CEO, EDB) on 27 February in Colombo.

    Chairman Egodage was addressing the monthly review meeting of EDB last week when he was informed by EDB’s agro division of the latest development on Ceylon Cinnamon.

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  • Ceylon Cinnamon secures two more int’l trademarks

    28/02/2014 The Island

    02/01/2017
    Ceylon Cinnamon secures two more int’l trademarks

    Ceylon Cinnamon, which is Sri Lanka’s second global brand, has secured its trademark in two more leading markets-with one more country application in the registration process. "I commend the EDB’s Agro division for their efforts on this initiative" said Bandula Egodage (Chairman/CEO, EDB).

    Chairman Egodage was addressing the monthly review meeting of EDB on February 27 when he was informed by EDB’s agro division of the latest development on Ceylon Cinnamon.

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  • SL-Iraq trade talks begin in Baghdad

    27/02/2014 Daily Mirror

    02/01/2017
    SL-Iraq trade talks begin in Baghdad

    The latest Sri Lanka-Iraq Joint Committee for Economic Cooperation (JEC) Commenced February 25 in Baghdad, a statement from the Industry and Commerce Ministry said.

    “Iraq is certainly an important market for us not only for tea but even for other prospective products. Similarly, there would be good opportunities for Iraq to promote its products using Sri Lanka’s potential,” said Industry and Commerce Minister Rishad Bathiudeen, making his opening remarks at the eighth session of Sri Lanka Iraq Joint Committee for Economic Cooperation (JEC) meeting in Baghdad, heading a 16-member delegation.

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  • Iraq – Sri Lanka trade tops $90 million, up 80 per cent

    26/02/2014 Lanka Business Today

    02/01/2017
    Iraq – Sri Lanka trade tops $90 million, up 80 per cent

    Bilateral trade between Sri Lanka - Iraq has reached $90 million, an 80 per cent increase, and the two countries are aiming to break new ground when the largest joint trade session has begun in Baghdad. OPEC’s second biggest oil power is also ready to channel its Basra Light Crude to Sri Lankan refineries.

    ”In the past Sri Lanka bought and refined our oil. You can buy our Basra Light brand of crude streams and we are ready to supply them to you as we are a top buyer of Ceylon Tea,” said a confident Ambassador of Iraq in Sri Lanka, Kahtan Taha Khalaf in Colombo last week.

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  • Pakistan expects to invest US$ 500 mn in Sri Lanka

    24/02/2014 Daily News by Indunil Hewage

    02/01/2017
    Pakistan expects to invest US$ 500 mn in Sri Lanka

    Pakistan is expected to invest around US$ 500 million in Sri Lanka in the next three years, said Hasan Zaigham, the First Secretary, Pakistan High Commission in Sri Lanka addressing a seminar on Sri Lanka and Pakistan trade, organized by the National Chamber of Commerce in Sri Lanka.

    Investments from Pakistan into Sri Lanka have begun to pick up. As of December 2012, the total cumulative investment stood at around US$ 11.9 million and currently Investment of around US$ 233.3 million is in the pipeline

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  • Lanka, Iraq bilateral trade up by 80% to $ 90 mn

    20/02/2014 Daily News

    02/01/2017
    Lanka, Iraq bilateral trade up by 80% to $ 90 mn

    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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  • Lanka mulling to be a medical tourism brand

    13/02/2014 Asian Tribune

    02/01/2017
    Lanka mulling to be a medical tourism brand

    Merging its latest tourism arrivals to its modernizing healthcare, Sri Lanka is mulling to be a medical tourism destination next-while also opening a new niche service niche in its surging exports.

    “Due to the support of well-trained, high quality healthcare professionals, availability of treatment centres as well as pharmaceuticals, we are witnessing the emergence of a new sector, that is medical tourism, contributing to our service exports” said an upbeat Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on 12 February in Colombo.

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  • Exports up by 6.3% to US$ 10.38 bn in Dec.

    11/02/2014 Daily News

    02/01/2017
    Exports up by 6.3% to US$ 10.38 bn in Dec.

    Sri Lanka's external sector strengthened further with continued inflows to both the Current Account and the Financial Account of the Balance of Payments (BOP)in December 2013.These inflows resulted in a significant increase in the overall balance as at end December 2013, the Central Bank said yesterday.

    Earnings from exports recorded an increase, while a notable reduction in imports was witnessed during the month, considerably reducing the trade deficit. Inflows on account of workers’ remittances and tourist earnings also recorded the highest values during a month, while inflows to the Financial Account increased moderately during December, the Bank said yesterday.

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  • Lanka records highest footwear & leather exports

    09/02/2014 The Island

    02/01/2017
    Lanka records highest footwear & leather exports

    Sri Lanka's booming footwear and leather sector has demonstrated the highest exports surge in recent history while the industry players lauded praise on the government for the support given to them. "Our footwear and leather exports have shown a strong growth trend. In 2012, exports from this sector stood at $ 30 Mn but now it has registered a remarkable 63% increase in 2013 to $ 51 Mn" said a satisfied Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on February 7 in Colombo.

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  • Sri Lanka's footwear and leather industry booming

    08/02/2014 The Colombo Page

    02/01/2017
    Sri Lanka's footwear and leather industry booming

    Sri Lanka's footwear and leather sector has shown a remarkable growth in the last year with exports surging over 63 percent from the previous year.

    The total Leather and Leather Product exports stood at US$ 51 million in 2013 increasing 63.5% from the US$ 31.19 million earned in the previous year.

    "Our footwear and leather exports have shown a strong growth trend," Minister of Industry and Commerce Rishad Bathiyutheen said Friday addressing the inauguration of the sixth edition of the Footwear and Leather Fair at the BMICH.

    The 2014 exhibition held from February 7-9 is organized by Sri Lanka Export Development Board in collaboration with the Ministry of Industry and Commerce, Industrial Development Board and Footwear and the Leather Products Manufacturers Association.

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  • “Lanka capable of producing 15 million pairs annually”-EDB

    01/02/2014 Asian Tribune

    02/01/2017
    “Lanka capable of producing 15 million pairs annually”-EDB

    The Sri Lankan footwear and leather industry is growing at a steady pace-and has developed into a sector catering to international markets. “Forthcoming 6th International Footwear & Leather Fair is a three day event and will move our producers, who now show 45% value addition, to international buyers” said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on 31 January in Colombo.

    Minister Bathiudeen was acknowledging his officials’ info on the forthcoming 6th International Footwear & Leather Fair which will commence in Colombo on 07 February. The three day exposition will pack such events as, a Designer Award Ceremony, an exclusive Fashion Show and a stall competition. On display are footwear, raw material, travel goods, chemicals, leather goods, components & accessories as well as machinery. In addition to the general public, Importers, Buying houses, Traders, Designers, Wholesalers & Agents, Brand owners, and Industrialists are expected to grace the expo.

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  • Footwear & Leather Fair from 7 to 9 February at BMICH

    30/01/2014 Daily Mirror

    02/01/2017
    Footwear & Leather Fair from 7 to 9 February at BMICH

    The Sri Lanka Export Development Board (EDB) together with the Ministry of Industry & Commerce, Industrial Development Board and the Sri Lanka Footwear and Leather Products Manufacturers Association (SLFLPMA) will provide a platform for Sri Lankan footwear and leather product exporters, manufacturers and SMEs’ to showcase their talents and capabilities locally and globally by organising the 6th Footwear and leather Fair 2014 from 7 to 9 February 2014.

    Footwear and Leather industry contributes a considerable share to the country’s exports earning and shown a remarkable growth during this year. In addition, footwear manufacturers cater to more than 50% of the local market requirement, minimising imports of such items.

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  • Biz delegation from Hong Kong to visit SL in April

    25/01/2014 Lanka Business Today

    02/01/2017
    Biz delegation from Hong Kong to visit SL in April

    In a new breakthrough after a year from the first ever successful Hong Kong-Sri Lanka biz MoU in 2013, some Hong Kong based manufacturers are now looking to move factories to Sri Lanka and a high powered biz delegation from HK is now scheduled to arrive in early April.

    ”The first ever business development MoU between Hong Kong Trade Development Council (HKTDC) and the Export Development Board (EDB) was a tremendous success and some Hong Kong based manufacturers are looking to move factories to Sri Lanka. A delegation led by none other than the Deputy Executive Director of HKTDC Ms Margaret Fong is scheduled to arrive in early April for the next level in this process. Some HK manufacturers have already expressed interest to set up production in Sri Lanka, especially in garment and food, as well as handicraft and sunshine industries. Tentatively, there will be 20 delegates from 15 companies in the forthcoming delegation. We are also helping some Sri Lankan exporters to find HK markets and importers,” said Sunny Chau, Regional Manager, HKTDC Southeast Asia and India, on January 21 in Colombo.

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  • Korean University Students on Sri Lanka Tour

    23/01/2014 Asian Tribune

    02/01/2017
    Korean University Students on Sri Lanka Tour

    Myongji University in Korea in collaboration with the Korea International Cooperation Agency (KOICA) and the Embassy of Sri Lanka in Korea, will be sending a student delegation to Sri Lanka from 20th – 27th January, 2014.

    The delegation consists of Professor Bell J.C. Park, a faculty member of the International Trade Department of the Business Administration College at Myognji University, and 15 university students whose major interest is international trade business.

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  • Lanka coir now used by Mercedes Benz -EDB

    23/01/2014 The Island

    02/01/2017
    Lanka coir now used by Mercedes Benz -EDB

    Sri Lankan coir has grabbed the attention of a leading global automotive firm. "I am happy to say that our coir is now used by Mercedes Benz. This is the first time we learn that our coir have gone to such high levels" said a pleased Sujatha Weerakoone, Director General of EDB on January 22.

    EDB Director General Weerakoone was addressing "Exporting to Korea" event, organised and held at the EDB. The session was honoured by a 16 member strong South Korean undergrad delegation led by Prof. Bell C.J. Park of Myongji University, South Korea, who made a presentation. Also in attendance were more than 100 reps from various Sri Lankan exporters.

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  • Exports surge by 6.2% in 2013

    23/01/2014 The Island

    02/01/2017
    Exports surge by 6.2% in 2013

    Sri Lanka’s exports, which suffered a YoY decline of 7% in 2012, returned with a bang in 2013 posting a 6.2% surge. "I and EDB thank our exporters for their commitment for this strong performance" a Ministry of Industry and Commerce press release quoted Minister of Industry and Commerce Rishad Bathiudeen as saying.

    The release adds: ‘Minister Bathiudeen was acknowledging the latest provisional annual export performance numbers briefed to him by his officials on January 22 in Colombo.

    ‘According to the latest provisional figures by the EDB, 2013 cumulative exports earnings stood at $ 10379.94 Mn, growing by 6.2% from 2012’s annual export revenues of $ 9773.63 Mn.

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  • Tea exports revenue hit record high in 2013

    17/01/2014 nation.lk

    02/01/2017
    Tea exports revenue hit record high in 2013

    Sri Lanka has achieved the highest ever revenue from tea exports in 2013 realizing a total revenue of Rs. 199.4 billion surpassing the previous best of Rs.180.4 billion in 2012, recent statistics from a leading tea brokerage firm showed. The record revenue was realized despite the island exporting lesser quantity of tea from January – December 2013 where cumulative tea exports totalled 319.6M/kgs, showing a marginal decrease of 0.28M/kgs vis-à-vis 319.9M/kgs of 2012.

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