• EDB impetus for product, tech upgrade for the export sector

    10/01/2017 Daily News

    02/01/2017
    EDB impetus for product, tech upgrade for the export sector

    The export sector of Sri Lanka which contributes nearly 20% to the country’s GDP, plays a vital role in achieving the development objectives of the government in terms of, employment generation poverty alleviation and enhancing foreign exchange earnings.

    The Government is pursuing an outward looking economic policy and is taking measures to integrate with the rest of the world to connect and compete to reach wider market access through deepening the existing FTAs with India and Pakistan, working on new trade agreements with Asian economies like China and Singapore and possible preferential trade agreements with Thailand, Malaysia and Turkey. All the above and the restoration of GSP+ in the year 2017 and initiatives to boost trade with USA will open up new opportunities for the export sector.

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  • EDB unveils ‘Info Point’ kiosk to enhance productivity

    09/01/2017 Daily FT

    02/01/2017
    EDB unveils ‘Info Point’ kiosk to enhance productivity

    EDB Chairperson Indira Malwatte unveiling the ‘Info Point’ kiosk at the ground floor of NDB-EDB Tower, while EDB officials look onThe Export Development Board (EDB) last week launched a self-service information kiosk, EDB Info Point, to facilitate walk-in visitors to promptly obtain information of its services.

    The use of the EDB Info Point will help exporters, potential exporters and the general public who visit EDB to obtain information about intended services such as product exports, market trends and trade statistics and to find a relevant contact point to acquire their requirements in an effective and efficient manner.

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  • To Coincide with H.E. the president's visit EDB facilitated B2B and product display at Sri Lanka Business forum in Malaysia

    02/01/2017 EDB Media

    02/01/2017
    To Coincide with H.E. the president's visit EDB facilitated B2B and product display at Sri Lanka Business forum in Malaysia

    The EDB facilitated Sri Lankan leading exporters to have fruitful discussions with Malaysian counterparts during the Business Forum themed “Mutual Business Opportunities between Sri Lanka & Malaysia” which was held on the 15th of December, 2016 at the Intercontinental Hotel in Kuala Lumpur with the participation of more than 300 top businessmen from Malaysia.

    A Sri Lankan product display was organized during the Business Forum showcasing high quality exportable products viz Ceylon Tea, Virgin Coconut oil, Cashew, Confectionery products, Gems & jewellery, Porcelain Tableware and Handicrafts.

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  • 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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  • 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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  • EDB PROMOTE TRADE AND BUSINESS PARTNERSHIPS BETWEEN PHILIPINES & SRI LANKA

    28/11/2016

    02/01/2017
    EDB PROMOTE TRADE AND BUSINESS PARTNERSHIPS BETWEEN PHILIPINES & SRI LANKA

    Export Market diversification is one of the strategies that the EDB has identified to increase Sri Lanka’s export. Considering  Sri Lanka’s present export market concentration mainly to USA and European countries and the importance of the emerging economic power of Asia the Philippines is one of the countries identified to promote our products.

    Philippine is 12th most populous country in the world over 100 Mn. population. The GDP growth was 7% in 2013. Also it is an member of ASEAN and only the ASEAN member receiving EU GSP+ facility. This will provide market access opportunity for Sri Lanka.

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  • Turkey Industrialists Businesswomen and Businessmen Confederation visits EDB

    25/11/2016

    02/01/2017
    Turkey Industrialists Businesswomen and Businessmen Confederation visits EDB

    The General President of Turkey Industrialists Businesswomen and Businessmen Confederation, Nezaket Emine Atsoy met Mrs.  Indira Malwatte

    The General President of Turkey Industrialists Businesswomen and Businessmen Confederation, Nezaket Emine Atsoy met Mrs.  Indira Malwatte, the Chairperson & Chief Executive and the Directors of the Sri Lanka Export Development Board (EDB) during their visit to  Sri Lanka from 7th to 11th November 2016.  Ms. Astoy is the Chairperson  of the Confederation  which has got a worldwide network consisting of key leaders in various sectors and decision makers of the concerned countries.

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  • Health Benefits of Essential Oils from Sri Lanka

    25/11/2016

    02/01/2017
    Health Benefits of Essential Oils from Sri Lanka

    The medicinal and cosmetic benefits of essential oils derived from a host of herbal, spice and flowering plants that are grown widely in Sri Lanka, has been a long kept secret that found its way to the rest of the world through spice trading merchants of Western Asia.

    Today spice suppliers in Sri Lanka produce a range of essential oils through distillation of leaves, bark, roots and flowers to derive the oils and essence trapped inside. Among a large number of essential oils produced in Sri Lanka, a dozen or more are favored by aromatherapists and Ayurveda specialists who believe in the curative powers of these oils;

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  • Apparel Innovations: Manufacturing Smart Garments

    23/11/2016

    02/01/2017
    Apparel Innovations: Manufacturing Smart Garments

    Beyond doubt, the Apparel industry makes a huge contribution to Sri Lanka’s total export earnings. For the calendar year 2015 alone, Apparel export revenue amounted to a whopping US $4.9 billion. In the light of this fact, the Apparel export sector’s bold ambition to earn US $8 billion as apparel export revenue by 2020 is fairly realistic and achievable. Also, directly employing 400.000 to 600,000 people, the sector consists of some of the country’s largest employers.

    In an interview with Lanka Monthly Digest (LMD), Sri Lanka’s premier business magazine, Mr. Aroon Hirdaramani, a Director of the Hirdaramani Group, one of the country’s apparel giants observes that “…it is essential that we have a strong economic framework in place, to support the industry’s continued growth and competitiveness….”

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  • Colombo hosts 2nd edition of Intex South Asia

    17/11/2016 Daily FT

    02/01/2017
    Colombo hosts 2nd edition of Intex South Asia

    Intex South Asia, the only international sourcing fair in South Asia which showcases the best in yarns, fabrics (apparel and denim) and clothing accessories, is presenting a grand display at the Exhibition and Convention Centre (SLECC) in Colombo from 16-18 November.

    It is the second edition of Intex South Asia and in anticipation of the Sri Lankan apparel industry regaining GSP+ concessions, this year’s exhibition was successful in bringing more than 150 exhibitors from Italy, Japan, South Africa, Korea, China, Taiwan, Singapore, Malaysia, Indonesia, Pakistan, Bangladesh and India to Sri Lanka.

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  • EDB joins hands with JEDB to promote export oriented commercial agriculture

    16/11/2016 Daily FT

    02/01/2017
    EDB joins hands with JEDB to promote export oriented commercial agriculture

    Sri Lanka Export Development Board (EDB) and the Janatha Estates Development Board (JEDB) has brought together synergies and resources of both organisations for attracting local investors to set up Commercial Agriculture Projects in underutilised and unutilised lands available in JEDB Estates. The private sector, particularly the export community hails this initiative in the backdrop of declining country’s exports.

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  • EU, UN launch Rs. 1 billion project to boost SL trade

    16/11/2016 Daily FT

    02/01/2017
    EU, UN launch Rs. 1 billion project to boost SL trade

    The Sri Lankan Government has joined forces with the European Union in embarking on a four-year, 8 million Euro (Rs. 1.3 billion) project, geared towards increasing Sri Lanka’s trade competitiveness in regional and European markets.

    The project will be implemented by the International Trade Centre (ITC) and United Nations Industrial Development Organisation (UNIDO) in collaboration with the Sri Lankan Department of Commerce.

    Meanwhile, a steering committee co-chaired by the Ministry of Policy Planning and Economic Affairs and the Delegation of the European Union will provide overall direction to the project. Competent national level agencies and apex business entities will also support work-plan development and implementation of activities.

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  • Intex South Asia 2016 to showcase over 11 countries’ best of textiles

    15/11/2016 Daily Mirror

    02/01/2017
    Intex South Asia 2016 to showcase over 11 countries’ best of textiles

    The aim of the new edition of Intex South Asia, which will take place from November 16 to 18, 2016, at the Sri Lanka Exhibition and Convention Centre, Colombo, is to present and showcase the entire value chain by bringing together the best manufacturers of yarns, apparel fabrics, denims, clothing accessories and allied services.

    Sri Lanka will soon witness leading international buyers visiting Colombo to attend and source at Intex South Asia. Leading buyers attending the show are from India, Bangladesh, Malaysia, Spain, Pakistan, Saudi Arabia, Hong Kong, China, Thailand, Mauritius, Iran, Australia, the USA, the UK, Europe, Nigeria, South Africa and many more.  The Sri Lankan apparel industry has also blocked its calendar to visit with its teams at this important  mega event.

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  • BOI roundtable conference for officials and entrepreneurs from China

    13/11/2016 news.lk

    02/01/2017
    BOI roundtable conference for officials and entrepreneurs from China

    A delegation from China led by Sui Zhong Cheng, Vice Governor of Jilin Province consisting of 33 officials and entrepreneurs from that province visited the BOI with the purpose of exploring avenues for trade and investment.

     The delegation was welcomed by Upul Jayasuriya BOI Chairman and Duminda Ariyasinghe Director General Indira Malwatte, Chairperson of the Export Development Board was also present.  BOI had organized a roundtable conference where the high powered delegation from China met senior officials of the BOI and Export Development Board.

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  • Sri Lanka seafood, apparel exports up in July

    18/10/2016 Economy Next

    02/01/2017
    Sri Lanka seafood, apparel exports up in July

    Sri Lanka's seafood exports to the European Union picked up 19.9 percent in July 2016 from a year earlier, following the lifting of a ban, and apparel exports rose 3 percent, but lower commodity prices have hit petroleum and tea.  

    Exports fell 4.4 percent to $891.2 million in July 2016 from a year earlier and imports fell 6.6 percent to $1,432 million dollars, shrinking the trade balance 10 percent to $541 million, official data showed.

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  • Sri Lanka is ready for business

    14/10/2016

    02/01/2017
    Sri Lanka is ready for business

    To achieve strong growth Sri Lanka has put in place a multifaceted framework to encourage business and get access to key markets around the world, said a top official at an international forum.

    The entire spectrum of economic changes planned by the Government to boost growth was outlined by Development Strategies and International Trade Minister Malik Samarawickrama at the inauguration of the World Export Development Forum (WEDF) on Wednesday. Given below is the full speech delivered by the Minister.  

    It is a great pleasure indeed to welcome all participants to the 16th World Export Development Forum (WEDF) 2016, and at the outset permit me to thank the individuals and institutions whose untiring efforts have enabled this forum to take place in Sri Lanka. 

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