• Sri Lankan ICT companies at GITEX 2014 in Dubai

    16/10/2014 Daily FT

    02/01/2017
    Sri Lankan ICT companies at GITEX 2014 in Dubai

    Six Sri Lankan ICT companies, Brandix I3 Ltd., hSenid Software International, Microimage Ltd., Negete Ltd., Pyxle Ltd. and AP Lanka Ltd. are exhibiting their software products and services at ‘GITEX Technology Week’ from 12 to 16 October at the Dubai World Trade Centre.

    The Sri Lanka Export Development Board (EDB) organised the country pavilion in coordination with the Sri Lanka Consulate General in Dubai.

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  • US-SL trade talks conclude in Colombo

    16/10/2014 Daily FT

    02/01/2017
    US-SL trade talks conclude in Colombo

    • GSP, labour, trade promotion among discussed items
    • SL-US biz relationship at $ 3 b: Trade Rep Delaney
    • US Ex-Im Bank renewing ties with Lanka: Rishad
    • US biz team also in town, US-SL Biz Forum today
    • YoY SL-US trade up by 21% to $2.8b

    Minister of Industry and Commerce Rishad Bathiudeen (third from left) addresses the 11th Joint Council Meeting under the US-Sri Lanka Trade and Investment Framework Agreement joined by SL Embassy in Washington DC Minister Counsellor Bandula Somasiri (far right), Sri Lanka’s Ambassador to the US Prasad Kariyawasam (second from right), Ministry of Industry and Commerce Secretary Anura Siriwardena (fourth from right), DoC DG R.D.S. Kumararatne (fifth from right) and MoIC Additional Secretary Sheita Senaratne (sixth from right) and Minister (Commercial) at Lanka Embassy in US Bandula Somasiri (right)

    Talks under the Sri Lanka and US Trade and Investment Framework Agreement (TIFA) concluded yesterday in Colombo, reiterating the commitment to foster greater bilateral economic engagement.
    “The US-Sri Lanka Trade and Investment Framework Agreement (TIFA) is the premier dialogue for managing bilateral trade and investment relationship between both countries. This relationship amounts to $ 3 b” said Michael Delaney, the visiting Assistant United States Trade Representative for Central and South Asia yesterday in Colombo.

    Delaney, who is leading a 10-member official delegation to Sri Lanka, was addressing the 11th Joint Council Meeting (JCM) under the US-Sri Lanka Trade and Investment Framework Agreement (TIFA) at the Taj Samudra, Colombo.

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  • 56% of export target achieved : Minister Rishad

    08/10/2014 Daily FT

    02/01/2017
    56% of export target achieved : Minister Rishad

    • Jan-Aug exports bring Lanka closer to ’14 target

    With latest January-August export totals, Sri Lanka has clinched 56% of annual export target for 2014 while the spice sector has returned, as revealed on 3 October. Meanwhile, the spice industry is full of praise for the Government for the assistance lent to the sector’s development.

    “By end of this August we have already achieved 56% of our annual national export target for year 2013. Thanks to you, the committed spice and other product exporters, we are able to move towards our overall $ 20 b target now,” said Minister of Industry and Commerce Rishad Bathiudeen on 3 October in Colombo.

    Bathiudeen was addressing the 11th Annual General Meeting of The Spice Council (TSC) at the Taj Samudra Hotel. Also present on the occasion were Minister of Minor Export Crop Promotion Reginald Cooray, DoC DG R.D.S. Kumararatne,EDB DG Sujatha Weerakoone , The Spice Council Chairman Nanda Kohona, founder Chairman of the Spice Council of Sri Lanka Sarada De Silva, top officials of EDB and many leading members of Sri Lanka’s spice industry.

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  • Boat Show 2014 to take centre stage in October

    06/10/2014 Daily News

    02/01/2017
    Boat Show 2014 to take centre stage in October

    South Asia’s premier boat show and fisheries exhibition, ‘Boat Show 2014’ organized by Boat Building Technology Improvement Institute (BTI), Sri Lanka Export Development Board and Lanka Exhibition and Conference Services will take centre stage from October 10-12, 2014 at the Dickowita Fisheries Harbour under the theme ‘Promotion of Leisure Boating in Sri Lanka’.

    The main objective of the event is to attract buyers from all corners of the globe, while positioning Sri Lanka as the hub for the industry in South Asia and to develop a forum between buyers and sellers to facilitate industry growth.

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  • Russia opens seafood market for Lankans

    03/10/2014 Daily News

    02/01/2017
    Russia opens seafood market for Lankans

    Sri Lankan seafood exporters have been invited by Russia to export to the country giving a major boost to the industry.

    Russia's Ambassador to Sri Lanka Alexendra Karchava speaking at the Russia Sri Lanka Business Council AGM and a meeting with Sri Lankan seafood exporters said in current political and economic context, Russia is seeking to diversify its food items market and reorient it from European countries by reaching towards new suppliers in new regions, particularly, in Asia.

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  • Top corporates in Lanka’s first industrial energy push

    29/09/2014 Daily FT

    02/01/2017
    Top corporates in Lanka’s first industrial energy push

    • 11 top Lankan manufacturers in pilot project
    • ‘Round one a success, mulling second!’: Rishad
    • ‘Slowly getting-off from oil powered energy’: CEB’s Prof. Perera

    Several top Lankan manufacturing firms have been enlisted in the first ever industrial energy initiative as announced on 25 September. As a result of the success, a second manufacturing energy initiative is now being mulled. And, Ceylon Electricity Board is slowly ‘getting off’ from expensive oil powered generation!

    Minister of Industry and Commerce of Sri Lanka Rishad Bathiudeen (third from left) inaugurates 12th POWER Sri Lanka 2014 International Expo at Sri Lanka Exhibition and Conventions Centre, Colombo joined by (from left): CEMS Sri Lanka CEO Sarwar, Central Engineering Consultancy Bureau Chairman Nihal Rupasinghe, CEMS Global Asia Pacific Group CEO S.S. Sarwar, EDB Chairman & CEO Bandula Egodage and Ceylon Electricity Board Vice Chairman Professor Kapila Perera on 25 September

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  • Jan-August exports up by 14%’-Rishad

    26/09/2014 Asian Tribune

    02/01/2017
    Jan-August exports up by 14%’-Rishad

    Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka-second from left) prepares to address the Fifth National Exporters Forum held at EDB on 25 September as Anura Siriwardene (Secretary, Ministry of Industry and Commerce-far left), Bandula Egodage (Chairman & CEO-EDB-third from left), Sujatha Weerakoone (DG-EDB-far right) look on.

    Sri Lanka’s January-August exports have surged by a strong 14%, as announced on 25 September. And more than 110 exporters and Chamber reps have thronged the fifth national Exporters’ Forum in Colombo.

    “I am pleased to say that according to the latest provisional data by EDB , January to August 2014 exports have increased by a strong 14.03% to $ 7.34 Bn. As committed exporters, it is your valuable efforts that can help us, to move our target, of $ 20 Billion exports, by 2020, under the committed vision, of HE the President Mahinda Rajapaksa” said a satisfied Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 25 September.

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  • Sri Lanka looks to dress more Brazilians

    22/09/2014 Daily FT

    02/01/2017
    Sri Lanka looks to dress more Brazilians


    Sri Lanka’s apparel sector is looking to dress more Brazilians as the first ever industry delegation kicks off a promotional tour today to tap potential in the giant South American market.

    In an effort to expand the buyer base for Lankan apparels, the Export Development Board (EDB) and the Joint Apparel Association Forum (JAAF) together with the Sri Lanka Embassy in Brazil has organised the six day promotional program from 22 to 27 September.

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  • EDB calls for full Lankan exporter registration

    19/09/2014 Asian Tribune

    02/01/2017
    EDB calls for full Lankan exporter registration

    Sujatha Weerakoone (DG-EDB-far left) addresses the “How to Export Quality Fruit & Vegetable to the EU Region” session held at EDB on 16 September as Ms Champika Hewage (OIC, Plant Quarantine Station, Sea Port, Colombo-second from left, seated), Dr Yousuf Maraikkar (ED-EDB-third from left) and Ruwanthi Ariyaratne (Asst. Director-Department of Commerce) look on.

    Sujatha Weerakoone (DG-EDB) addresses "How to Export Quality Fruit and Vegetable to the EU Region" session held at the EDB auditorium recently.

    Sri Lanka's apex export entity has issued a clarion call to the country's exporter community to register with it and enlist in its surging database on 16 September. "Some non-registered exporters, unaware of procedures have brought a bad reputation for Sri Lanka. It is time all Lankan exporters register with EDB" voiced a keen Sujatha Weerakoone (DG-EDB) on 16 September in Colombo.

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  • EDB in new push for Japanese IT market

    13/09/2014 Daily FT

    02/01/2017
    EDB in new push for Japanese IT market


    As Sri Lanka’s IT exports topped $ 719 m, a business journalist from world’s fourth largest selling newspaper was taken by surprise by the country’s inroads into one of the most demanding niche software markets in the world. “I am really surprised by your ability in our platforms. This is news!” exclaimed Yuichi Kiriyama, business journalist of Japanese language Mainichi Shimbun, the world’s fourth largest selling newspaper.

    Yuichi was addressing a special gathering of the software interest group for the Japanese market held on 5 September in Colombo facilitated by the EDB.

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  • Spice exports up 40% in 2013

    07/09/2014 Sunday Observer

    02/01/2017
    Spice exports up 40% in 2013

    Sri Lanka's spice exports rose 40 percent to $329 million in 2013 from $ 236 million in 2012. Spice export revenue was US$ 115 million in 2009,The Export Development Board (EDB)statistics revealed.

    As Sri Lanka's spice exports leaped by 40%, a new program was launched by the EDB last week to boost exports of the perennial crop. Meanwhile, a leading packaging consultant said that the Sri Lankan export packaging sector is now maturing with more ‘high barrier package’ visibility.

    “The key factor is how to market our spices. Our spices are traditionally exported in bulk form. Sri Lanka now encourages value added exports and discourages raw exports.

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  • ‘Our trade future looks good!’: Seychelles

    03/09/2014 Daily FT

    02/01/2017
    ‘Our trade future looks good!’: Seychelles

    Enhanced trade cooperation cemented by a new Joint Trade Committee will open Sri Lanka’s anticipated trade volumes with Africa said Seychelles on 27 August. Lankan exports to Africa’s top blue economy as well as transit passenger volumes to Colombo is now on the increase as a result of recent air connectivity.

    “The prospective Joint Trade Committee between Sri Lanka and Seychelles will be Sri Lanka’s platform for accessing the huge African market. Almost all the issues regarding quarantine of certain exports have now been resolved and all requirements met! As a result we are now receiving loads of more Lankan fresh fruits and vegetables than before,” said an upbeat Minister for Finance, Trade and Investment of Seychelles Pierre Laporte in Colombo.

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  • EDB tackles value addition and packaging for spices

    03/09/2014 Daily FT

    02/01/2017
    EDB tackles value addition and packaging for spices

    Spice exports have recorded a 40% increase, with the key challenge being how to market Sri Lanka’s products to gain better returns, an official said yesterday.Sri Lanka’s total spice exports in 2013 stood at $ 329 million, rising by 40% from 2012’s $ 236 million. Last year’s spice exports revenue were also a leap of more than 100% from 2009’s $ 115 million, Export Development Board Chairman Bandula Egodage told companies at the first national packaging awareness seminar.

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  • Record number of SMEs to participate in FACETS Sri Lanka 2014

    01/09/2014 Daily FT

    02/01/2017
    Record number of SMEs to participate in FACETS Sri Lanka 2014

    Over 50 small and medium enterprises will take part in FACETS Sri Lanka 2014, the international gem and jewellery exhibition, according to the organising committee. Organised by the Sri Lanka Gem and Jewellery Association (SLGJA), this year’s event held for its 24th year, will be held from 4-7 September at the Sirimavo Bandaranaike Memorial Exhibition Centre.

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  • Lanka export acceleration push begins

    20/08/2014 Daily FT

    02/01/2017
    Lanka export acceleration push begins

    Exports, the lifeline of Sri Lankan economy, are a national priority. The urgency of the exports accelerating strategy is such that it could kick-start even before its full design cycle is over. Meanwhile, brand Sri Lanka packs hidden potentials that could be leveraged for national export growth.

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  • Finished rubber goods export up

    17/08/2014 Sunday Observer

    02/01/2017
    Finished rubber goods export up

    In 2013, Sri Lanka's natural rubber sheet exports stood at US $71.6 million, while the export of finished rubber goods stood at US $ 887 million, compared to US $ 856 million in 2012, an increase of 4%, said Industry and Commerce Minister Rishard Bathiudeen at the inauguration of the second edition of Sri Lanka PLAST and the first edition of RUBEXPO at the BMICH last week.

    “Our plastic exports stand at US $60.11 million compared to US $ 57 million in 2012, an increase of 5%. We encourage value addition for rubber exports. These two sectors have been identified as thrust industries and are expected to contribute significantly to national economic growth and help meet our planned 7.8% GDP target this year,” he said.“Our company exports rubber products and slippers to India in fairly large quantities.

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  • Lanka in first mutual recognition agreement trade call with biggest global supplier

    13/08/2014 Daily FT

    02/01/2017
    Lanka in first mutual recognition agreement trade call with biggest global supplier

    As bilateral free trade leaped by a huge 40%, Sri Lanka’s biggest supplier in the world nodded in agreement on 7 August that a wider and consistent trade harmonisation push could remove existing barriers in one go -and amplify bilateral business.

    “Sri Lankan businesses that invested in India have done very well. I agree with you that a wider Mutual Recognition Agreement will be useful to increase bilateral trade. I also agree that the lack of unified market standards across various states in India could be an issue for Lankan exporters,” said a keen Arindam Bagchi (Deputy High Commissioner of India to Sri Lanka) on 7 August in Colombo.
    Deputy High Commissioner Bagchi was addressing Minister of Industry and Commerce of Sri Lanka Rishad Bathiudeen on 7 August during the first courtesy call he made on Minister Bathiudeen. Deputy High Commissioner Bagchi previously served in such stations as Beirut, New York, Spain and was finally functioning as the Director of Indian Prime Minister’s Office (PMO) before he arrived in Colombo. Joining Minister Bathiudeen on 7 August were Department of Commerce of Sri Lanka DG R.D.S. Kumararatne and EDB Chairman/CEO Bandula Egodage.

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  • World’s first official true cinnamon pass now live

    11/08/2014 Daily Finance Times

    02/01/2017
    World’s first official true cinnamon pass now live

    In its efforts to expand the global reach of its historic spice, Sri Lanka has begun equipping its exporters with international licensing as insisted by global market hotspots. As a result, the historic assemblage of Lankan exporter firms officially sanctioned to use the internationally accredited ‘Pure Ceylon Cinnamon Global Certification’ was born in Colombo last week.

    “During the last five years, Pure Ceylon Cinnamon exports have shown an increasing trend due to surging demand for it in global markets. The other good news is that the EDB has completed registration of this trade mark in the key markets of USA, EU, Peru and Colombia,” said Minister of Industry and Commerce Rishad Bathiudeen.

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  • PRISL Enterprising Fairs CEO Forum for plastics and rubber industry ends on high note

    04/08/2014 Daily FT

    02/01/2017
    PRISL Enterprising Fairs CEO Forum for plastics and rubber industry ends on high note

    SRI LANKA PLAST and RUBEXPO launches at CEO Forum

    PRISL (The Plastics & Rubber Institute of Sri Lanka) together with Enterprising Fairs India Ltd (EFIPL) organised a CEO Forum on at The Kingsbury Hotel on 1 August, to encourage the plastics and rubber industries to take ‘exports’ as a growth strategy. Experts from the Government, EDB and India addressed this elite forum. The event saw over a 100 business leaders local and international, from the plastics and rubber industries, and they were able to gain valuable insights on industry best practices, through case studies from India and the present and future plans of the export market for Sri Lanka.

    The eminent panel of speakers consisted of Export Development Board (EDB) Chairman and Chief Executive Bandula Egodage, Ministry of Finance and Planning Director General – Fiscal Policy Mahinda Siriwardane and Central Institute of Plastics and Engineering Technology (CIPET) Chief Manager S. Illangovan.

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  • Sri Lanka exports record highest first half earnings this year

    02/08/2014 Colombo Page

    02/01/2017
    Sri Lanka exports record highest first half earnings this year

    Sri Lanka's exports sector has recorded the highest first half earnings witnessed in five years for the January - June half of 2014.

    Sri Lanka's January - June 2014 provisional exports has recorded the highest 1H earnings since 2010, registering US$ 5.41 billion. This is an increase of 45% from the 1H earnings of 2010 which stood at US$ 3.74 billion.

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