• Sri Lanka : A Great Sourcing Hub for High quality rubber and value added rubber products

    27/03/2015

    02/01/2017
    Sri Lanka : A Great Sourcing Hub for High  quality rubber and value added rubber products

    The Rubber industry in Sri Lanka, one of the enduring colonial legacies that provides sustained socio-economic benefits to the country began in 1876 with the planting of 1919 rubber seedlings in Henarathgoda in Gampaha District. Today, Sri Lanka’s Rubber industry consists of two closely interdependent sectors: (1) the rubber plantation industry which produce raw rubber, and (2) the rubber product manufacturing industry, which converts raw rubber in to value added finished rubber goods.

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  • DSI Dominates Design Awards, bagging Best Design Award at Footwear and Leather Fair 2015

    20/02/2015

    02/01/2017
    DSI Dominates Design Awards, bagging Best Design Award at Footwear and Leather Fair 2015

    The Sri Lankan footwear market leader, DSI dominated the Design Award Ceremony held on 8th February 2015 at BMICH. Held parallel to the Footwear and Leather Fair 2015, which was held from 6th to 8th February at the BMICH, the Awards Ceremony celebrated the best and brightest of the industry. The exhibition was organised jointly by the Sri Lanka Export Development Board (EDB) and Industrial Development Board (IDB) in collaboration with the Footwear and Leather Goods Manufacturers Association in Sri Lanka as an endeavour to assist and upgrade the local manufacturers and designers.

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  • Sri Lanka’s EDB opens online portal for service exporters

    18/02/2015

    02/01/2017
    Sri Lanka’s EDB opens online portal for service exporters

    Sri Lanka's Export Development Board (EDB) said that it has opened a web portal for service exporters as a one stop for them to link with international partners.

    The portal named as www. srilankaservicexport.com is free for exporters, the EDB said in a media statement.

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  • Larger presence of Sri Lankan exporters at Gulfood 2015 in Dubai

    13/02/2015

    02/01/2017
    Larger presence of Sri Lankan exporters at Gulfood 2015 in Dubai

    Fifty Sri Lankan companies participated at the Gulfood 2015 in Dubai from 8-12 February displaying food and beverage products such as tea, spices, processed food, soft drinks, biscuits, virgin coconut oil, dried fruit, herbal products, etc.

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  • Sri Lanka’s gem industry eyes recovery

    11/02/2015 The Island

    02/01/2017
    Sri Lanka’s gem industry eyes recovery

    A $1bn revenue target is spearheading Sri Lanka’s efforts to solidify its place as a key source market for gemstones and jewellery, although flat global sales of luxury goods, coupled with labour shortages, risk hindering the country’s efforts.

    Sri Lanka is home to 70 of the world’s 200 varieties of coloured stones, including its best-known export, the Ceylon sapphire. Estimates suggest that 80-90% of the country’s rock formations could hold gem deposits.

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  • Footwear and Leather Fair on February 6 - 8

    02/02/2015

    02/01/2017
    Footwear and Leather Fair on February 6 - 8

    The seventh edition of Footwear and Leather Fair Exhibition organized by the Ministry of Industry and Commerce in association with Sri Lanka Export Development Board will be held from February, 6 - 8, 2015 at Sirimavo Bandaranaike Exhibition Centre –BMICH.

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  • Jan-Oct exports surge to $ 9 b

    10/12/2014 Daily FT

    02/01/2017
    Jan-Oct exports surge to $ 9 b

    • YoY Jan-Oct exports up by 8.7% to $ 9.1 b
    • Working towards $ 20 b by 2020: EDB’s Egodage
    • Fisheries in turnaround
    • US still topmost market for Sri Lanka

    Sri Lanka’s January-October YoY exports have surged by almost 9% while an export product that recently faced volatile EU markets showed a promising turnaround, as revealed yesterday.

    “For the month of October 2014 alone our provisional exports were at $ 900 m and this is only merchandise exports without taking into account of service exports such as ICT,” said EDB Chairman/CEO Bandula Egodage, commenting on the provisional top-line export data presented to him by EDB Directors at a progress review session held at the EDB yesterday.

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  • 20 IT SMEs in EDB’s first Jaffna Export Forum today

    05/12/2014 Daily FT

    02/01/2017
    20 IT SMEs in EDB’s first Jaffna Export Forum today

    • ‘30 more would be entrepreneurs too’: SLAASCOM’s Sekaram
    • ‘$ 5B IT exports by 2020’: EDB’s Egodage
    • ‘Cloud tech helping regional IT’: SLAASCOM’s Sekaram2103 IT exports at $ 719 m

    Sri Lanka’s apex export facilitator EDB’s first IT event in Jaffna has been boosted by an influx of Jaffna based operators and would be ICT entrepreneurs on 4 December and the event also packs in-depth industry presentations from no less than seven top Lankan IT firms.

    “Almost 20 SME IT operators in Jaffna region have registered for 5 December’s IT/BPM Export Forum in Jaffna. Another 30 prospective IT entrepreneurs from Jaffna who are looking to set-up, too have joined making it a total of 50 players,” said SLASSCOM Vice Chairman Mano Sekaram on 4 December in Colombo.

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  • ‘Lanka IT sector to hit $1B mark next year’-EDB

    05/12/2014 news.lk

    02/01/2017
    ‘Lanka IT sector to hit $1B mark next year’-EDB

    Sri Lanka’s surging IT and BPO exports would hit the critical dollar one billion mark as early as next year, surpassing previous expectations! And London Stock Exchange and HSBC have praised the Lankan IT sector ‘with joy’, as revealed on 05 December in Jaffna. And the pioneering Northern IT Exports forum by EDB & ICTA was packed with enthusiastic regional IT industry.

    “We earned $719 Mn from ICT exports, and our projection for 2014 is $820 Mn. At this rate, we expect to hit dollar one billion mark very soon-as early as 2015. We have seen 123% growth in IT sector over the last five years. London Stock Exchange and HSBC also praised the Lankan IT sector with joy” said Saman Maldeni (Director, Export Services of SLEDB) on 05 December in Jaffna.

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  • Over US$ 1b gems to China by 2016

    05/12/2014 Daily News

    02/01/2017
    Over US$ 1b gems to China by 2016

    Sri Lanka could bridge the trade imbalance with China to a greater extent and also increase the US$ one billion overall export target in 2016, if the local gem/precious stone exports were encouraged and developed. At present there is a huge trade gap in favor of China, Director Marketing and Export -National Gem and Jewellery Authority, Rohan Perera said.

    "We are now looking at increasing gem export to China being the biggest buyer in the recent past. Since, China being a prosperous country in the world the demand for super luxury items like gems has increased considerably," Perera told the Daily News Business.

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  • Visegrád Four to synergise Lanka's FTAs to penetrate South Asia

    04/12/2014 Daily News

    02/01/2017
    Visegrád Four to synergise Lanka's FTAs to penetrate South Asia

    dustrial economy billed as the Tetra Tiger due to its high growth, has revealed for the first time that it wants to synergise Lanka's historic FTAs to penetrate South Asia, and it is also readying for new bilateral efforts of high capacity across the board-in Lanka's wheat production, energy and even defence.

    "Our aim is to make Sri Lanka our business and investment platform to South Asia. There are many Slovakian manufacturers ready to invest here, produce and export to South Asian markets using your FTAs with India and Pakistan," said Peter Burian, State Secretary of the Ministry of Foreign and European Affairs of the Slovak Republic recently.

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  • Vietnam calls for FTA

    02/12/2014 Daily FT

    02/01/2017
    Vietnam calls for FTA

    • ‘Appointing Lanka’s first trade official to Vietnam’ – Minister Rishad
    • ‘Bilateral trade should not be just rice and tea’ – Kieu Thu
    • YoY bilateral trade surges by 88%
    • ‘Time to explore joint apparel synergies too’ – Kieu Thu

    Stepping up its trade cooperation with Sri Lanka, Vietnam said that it was working towards establishing a groundbreaking FTA with Sri Lanka.

    In view of this, Sri Lanka has promptly appointed its first-ever trade officer to Vietnam, the world’s fifth largest apparel exporter which is ready to partner with Sri Lanka’s own apparel industry.

    “There is huge unrealised trade potential between both countries that we need to explore. Trade need not be mostly the exchange of rice and tea between both countries. Therefore, while in Colombo, I will take up the task of promoting an FTA with Sri Lanka,” said Vietnam’s new ambassador to Sri Lanka, Phan Kieu Thu on 27 November in Colombo.

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  • EDB in global apparel breakthrough

    26/11/2014 Daily FT

    02/01/2017
    EDB in global apparel breakthrough

    • Secures links with world’s largest textile retailer ZARA
    • 6-member EDB-led delegation to Spain
    • Brandix, Timex, Fergasam in pioneering session
    • September apparel exports up by 4.4%

    For the first time in Sri Lanka’s apparel history, the EDB, Sri Lanka’s apex export facilitator, has directly linked top Lankan apparel suppliers with the world’s largest textile retailer, Spain’s ZARA on 29 October. The facilitator, the Sri Lanka Export Development Board (EDB), is stepping up its support for apparel market diversification.

    “Though the Lankan apparel sector caters to many international brands, such as Victoria’s Secret, Gap, Nike, Tommy Hilfiger and Marks & Spencer, we still haven’t been able to manufacture for the Zara brand, the world’s largest fashion retailer. This successful effort directly linked our apparels to Zara for the first time,” said EDB Director – Industrial Products Chitranjali Dissanayake recently.

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  • Russia shows green light on fish import from SL

    26/11/2014 Daily Mirror

    02/01/2017
    Russia shows green light on fish import from SL

    Russia has granted approval to import fish and fish products to the Russian Federation from Sri Lanka, 2014, the External Affairs Ministry said.

    The Ministry said the Federal Service of Veterinary Surveillance under the Ministry of Agriculture of the Russian Federation granted approval to import fish and fish products to the Russian Federation as a result of the untiring efforts of the Sri Lankan Government through its Embassy in Russia.

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  • EDB secures links with world’s largest textile retailer ZARA

    26/11/2014 Daily News

    02/01/2017
    EDB secures links with world’s largest textile retailer ZARA

    For the first time in Sri Lanka’s apparel history, the Export Development Board has directly linked top Lankan apparel suppliers with the world’s largest textile retailer, Spain’s ZARA and is stepping up its support for apparel market diversification.

    “Though the Lankan apparel sector caters to many international brands, we have still not been able to manufacture to Zara brand, the world largest fashion retailer.

    This successful effort directly linked our apparels to Zara for the first time,” said Chitranjali Dissanayake (Director-Industrial Products of SLEDB).

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  • How to develop Sri Lanka’s wood-based industry

    24/11/2014 Daily Mirror

    02/01/2017
    How to develop Sri Lanka’s wood-based industry

    A conference and workshop under the theme “Wood Based Industry – Way Forward’ organized by the Wood Based Industrialist Association of Sri Lanka (WBIA), will be held at the Export Development Board (EDB) Auditoriumon on November 28.

    Channa Wijesekera, President of the Wood Based Industrialist Association of Sri Lanka, is expected to outline the problems facing the wood based industry in this article. He explains why this important industry has not developed over the years and proposes a series of solutions to remedy the situation.

    When analyzing the development of t he various industries in Sri Lanka, the timber and ti mber related industry indicates a comparative downward trend or slow progress in comparison with the other industries.

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  • Jaffna Int’l Trade Fair during Jan 23-25, 2015

    19/11/2014 Daily News

    02/01/2017
    Jaffna Int’l Trade Fair during Jan 23-25, 2015

    The Jaffna International Trade Fair (JITF), the most comprehensive and ‘looked forward to’ exhibition in the North will be held for the sixth consecutive year in the heart of Jaffna from the January 23-25, 2015.

    The exhibition which was the first of its kind to be held in the Northern region of the country has throughout the years been renowned as the best and most potent platform for the meeting of investors, businesses and the masses in the region.

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  • Canada for more trade with SL

    19/11/2014 Daily FT

    02/01/2017
    Canada for more trade with SL

    Minister of Industry and Commerce Rishad Bathiudeen (second from left) in discussion with EDB Chairman/CEO Bandula Egodage yesterday as Canadian High Commissioner in Sri Lanka Shelley Whiting (far right) and Canada Asia-Trade Facilitation Office Project Manager Zaki Munshi (far left) look on

    • Canada has 24 FTAs including NAFTA: Whiting
    • Another opening to largest market: Minister Rishad
    • EDB revives TRO-Canada links
    • Top Lankan exporters at Canada session
    • Bilateral trade at $ 437 m

    The Jaffna International Trade Fair (JITF), the most comprehensive and ‘looked forward to’ exhibition in the North will be held for the sixth consecutive year in the heart of Jaffna from the January 23-25, 2015.

    The exhibition which was the first of its kind to be held in the Northern region of the country has throughout the years been renowned as the best and most potent platform for the meeting of investors, businesses and the masses in the region.

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  • Kenya-Sri Lanka Joint Economic Cooperation talks a success

    18/11/2014 Daily FT

    02/01/2017
    Kenya-Sri Lanka Joint Economic Cooperation talks a success

    Kenya, the newest entrant to Africa’s top 10 list, called for renewed trade with Sri Lanka and in a display of its commitment towards this end requested three trade pacts with Sri Lanka in one go by 2015.

    “We are looking forward to more trade interaction and expecting a delegation to Nairobi from Sri Lanka next year. By the time of your visit to Nairobi we are looking forward to conclude current discussions on three agreements being discussed and to sign them,” said Amb. Nelson Ndirangu Ogn (Director, Economic Affairs and International Trade of Kenyan Ministry of Foreign Affairs, Nairobi) on 12 November in Colombo.

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  • Sri Lanka's export trade sector grows 11.1%

    16/11/2014 Ceylon Today

    02/01/2017
    Sri Lanka's export trade sector grows 11.1%

    Sri Lanka's Export Trade sector recorded a relatively a higher growth of 11.1 per cent in second quarter 2014, when compared to the slower growth of 1.2 per cent recorded in the second quarter of 2013, Department of Census and Statistics said in its Quarterly Estimates of Gross Domestic Product report released recently.

    According to the Balance of Payment statistics of Central Bank of Sri Lanka, export earnings increased to Rs343,058 million in the second quarter of 2014, from Rs291,274 million in the second quarter 2013, indicating a growth of 17.8 per cent, said the Census and Statistics Department.

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