• 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.

    Labels : Blog Archive

    Read more
  • 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..

    Labels : Blog Archive

    Read more
  • “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.

    Labels : Blog Archive

    Read more
  • 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.

    Labels : Blog Archive

    Read more
  • 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.

    Labels : Blog Archive

    Read more
  • Global Rubber Conference 2014 to be held in Sri Lanka

    02/01/2017
    Global Rubber Conference 2014 to be held in Sri Lanka

    Sri Lanka has been selected to host one of the world’s leading conferences on natural rubber Global Rubber Conference (GRC) 2014.

    The three-day international event will be held from 27 to 30 October 2014 at the Cinnamon Grand in Colombo.

    Global Rubber Conference 2014 themed “Sowing the Seeds for Sustainable Future” is expected to bring together over 700 experts and delegates representing over 25 countries.

    Labels : Blog Archive

    Read more
  • MINT- an opportunity to diversify Sri Lanka’s export markets

    02/01/2017
    MINT- an opportunity to diversify Sri Lanka’s export markets

    In 2001, economist Jim O’Neill famously coined the term ‘BRIC’ to refer to the newly emerging economies of Brazil, Russian, India, and China. In 2014 O’Neill has now popularized a newer and what the BBC calls ‘fresher’ term – MINT – Mexico, Indonesia, Nigeria and Turkey (put forward by Fidelity Investments).

    In a time where many developed nations are facing a crisis with regard to their ageing population, what makes MINT stand out, according to O’Neill, are their favourable demographic statistics. Mexico, Indonesia, Nigeria and Turkey are four of the world’s most heavily populated emerging economies, with populations of 118, 237, 174 and 73 million respectively. To add to that in the next 20 years all four countries will see a rise in the number of economically active workers to inactive - meaning they will have a declining dependency ratio. What this will do is ease the burden off the government. In recent years an increasing dependency ratio has plagued countries from the UK to Japan, putting pressure on government budgets and the shrinking work force. Thus the demographics of MINT will certainly be a source of envy for their more developed counterparts.

    Labels : Blog Archive

    Read more
  • “Sri Lanka will be in the next five emerging countries”: French Ambassador

    Daily FT- 23-07-2014

    02/01/2017
    “Sri Lanka will be in the next five emerging countries”: French Ambassador

    A session on ‘Bilateral Trade between Sri Lanka and France’ organised by the National Chamber of Commerce was held with the participation of Ambassador of France Jean Paul Monchau, as a Special Guest Speaker and assisted by Commercial Counsellor of the Trade Section of the Embassy Jean Louis POLI, at the Chamber, last week. Additionally Government senior officials- Director General Commerce, Director General, Export Development Board and Board of Investment graced the occasion.

    Labels : Blog Archive

    Read more
  • EDB enters WTO global benchmark

    Daily News - 17-07-2014

    02/01/2017
    EDB enters WTO global benchmark

    For the first time, the Export Development Board has entered WTO, UNCTAD, ITCs benchmark of global export agencies and finished among the top ten. EDB has come to the sixth spot among 30 national trade promotion organisations across the world, benchmarked by the International Trade Centre under WTO and UNCTAD. EDB's score in 2012 study is above average and the next level to move is 80% "High level TPO Performance" category and then, finally to 100% -what we call "world class".

    "EDB has done quite well in International Trade Centre's 2012 Lanka EDB benchmarking test. EDB has come to sixth spot among 30 national trade promotion organisations across the world, benchmarked by us-the International Trade Centre under WTO and UNCTAD" said Geneva based Martin Labbe (Senior Officer, Trade Support Institutions Strengthening, International Trade Centre, Switzerland) in Colombo addressing the inaugural session of the four day "Performance Improvement Roadmap for Sri Lanka's EDB by ITC" at the EDB Auditorium, Colombo.

    Labels : Blog Archive

    Read more
  • INTRODUCING AND IMPLEMENTING FAIR TRADE TO THE CRAFT SECTOR

    02/01/2017
    INTRODUCING AND IMPLEMENTING FAIR TRADE TO THE CRAFT SECTOR

    The EDB recently held a workshop in Batticaloa to introduce the Fair Trade Concept to the Craft sector in the Eastern Province. The workshop was attended by around 40 participants representing giftware, lifestyle and handloom products. The workshop was conducted by Mr. Paul Myers, Expert on Fair Trade from U.S.A and there was a lot of interest shown by the companies /individuals present.

    Labels : Blog Archive

    Read more
  • Awareness Seminar/Workshop On Cut Foliage and Flowers For The Export Market For Export Oriented Out Growers In NW Province

    02/01/2017
    Awareness Seminar/Workshop On Cut Foliage and Flowers For The Export Market For Export Oriented Out Growers In NW Province

    The North Western Provincial office of the SLEDB, successfully conducted the awareness seminar/workshop on Cut foliage & flowers for the export Market on 20th June 2014 in the auditorium of District Secretariat-Kurunegala with the participation of 102 Cut foliage & Flowers out growers in North Western Province. The programme was organized by NWP-EDB with the assistance of Department of Agriculture.

    The main objective of conducting this seminar was to increase the capacity of export oriented cut foliage out growers in the Province by way of enhancing Technical/Market awareness and facilitating linkages between out growers and exporters in order to develop consolidated supply base of quality Cut foliage & flowers for exports from Regions.

    Labels : Blog Archive

    Read more
  • 6th FOOTWEAR & LEATHER FAIR 2014

    6th FOOTWEAR & LEATHER FAIR 2014 7TH TO 9TH FEBRUARY 2014 BMICH- COLOMBO

    02/01/2017
    6th FOOTWEAR & LEATHER FAIR 2014

    The Footwear & Leather fair 2014 was ceremonially inaugurated by Hon Basil Rajapaksa Minister of Economic Development. Hon Rishard Bathiudeen, Minister of Industry & Commerce, Hon Lakshman Wasantha Perera, Deputy Minister of Industry & Commerce and Hon. Weerakumara Dissanayaka, Deputy Minister of Traditional industries & Small Enterprise Development were the Guests of honor at this event. Large gathering of diplomats form countries namely Iraq, Italy, Vietnam, Netherlands, Iran, Nigeria, Indonesia, Turkey, India, France, European Union, Libya, Romania, Cuba, Malaysia and Germany was presented at the opening ceremony.

    Labels : Blog Archive

    Read more
  • Sri Lanka’s Garment Exports to EU, US Jumps 30% in Sept’13

    02/01/2017
    Sri Lanka’s Garment Exports to EU, US Jumps 30% in Sept’13

    The exports of garments from the island nation of Sri Lanka to its major export destinations of the EU and the US recorded a remarkable growth of 30.7 percent year-on-year and 32.2 percent year-on-year, respectively, in September 2013, according to a press release issued by the Central Bank of Sri Lanka.

    The sharp growth in Sri Lankan apparel exports to the EU and the US reflect the recovery in those economies, the statement said.

    Sri Lanka’s textiles and garment sector as a whole posted a significant growth of 27.7 percent year-on-year during the month to register US$ 386.9 million, according to the Central Bank data.

    From January to September 2013, Sri Lanka’s total textiles and apparel exports stood at US$ 3.126 billion, showing a rise of 5.2 percent over exports of US$ 2.972 billion made during the corresponding period of last year.

    Labels : Blog Archive

    Read more
  • Spice, allied products turnover to reach US$ 500 mn by 2015

    02/01/2017
    Spice, allied products turnover to reach US$ 500 mn by 2015

    The demand for value added cinnamon products such as cinnamon leaf oil, bark oil, crushed cinnamon and ground cinnamon for confectionery and other food related industries has increased in the world. Sri Lanka is planning to double cinnamon export earnings by increasing value addition of cinnamon.

    Sri Lanka is the largest supplier of cinnamon exports to the world spice market, producing about 85% of international output. However, Sri Lanka ranks well below in value added cinnamon exports to the world market. Other competitor countries make huge profits by adding value to cinnamon exported from Sri Lanka, while Sri Lanka is losing profit due to exporting more raw cinnamon.

    Labels : Blog Archive

    Read more
  • Lanka’s export revenue to reach US$ 11 billion mark

    02/01/2017
    Lanka’s export revenue to reach US$ 11 billion mark

    Sri Lanka’s total export revenue is expected to reach US$ 11 billion mark by the end of this year, Export Development Board Chairman and CEO Bandula Egodage said

    -“This is not an easy task, but we hope to reach the $ 11 billion export revenue mark by end of this year. As of September our total export value for 2013 is recorded at US$ 7314 million, which is a 1.07% increase in comparison to the same period in 2012. Our exports are now gradually strengthening despite the international market challenges. We have also set an export target of US$ 15 billion by 2015 and $ 20 billion by 2020. Apparel and tea exports currently account for over 40% and 20% of total exports from Sri Lanka respectively.

    Labels : Blog Archive

    Read more
  • Speech of Mr. Bandula Egodage, the Chairman & Chief Executive of Sri Lanka Export Development Board, at the Exporters Association of Sri Lanka - AGM

    02/01/2017
    Speech of Mr. Bandula Egodage, the Chairman & Chief Executive of Sri Lanka Export Development Board, at the Exporters Association of Sri Lanka - AGM

    Mr. Bandula Egodage, the Chairman & Chief Executive of Sri Lanka Export Development Board

    I thank the Exporters' Association of Sri Lanka for inviting me to the AGM and giving me the opportunity to address this distinguished gathering of members.

    The Exporters Association which represents about 80% of exporters in the country is the foremost body for exporters in Sri Lanka. We highly appreciate the contribution of Association towards the export development effort of the country.

    The Government's vision as envisaged in the 'Mahinda Chintana' is to transform Sri Lanka into a strategically important economic centre of the world. This would then lead to socio economic development of the country. The export sector which contributes 17% to the GDP of the country, clearly plays an important role in achieving this objective

    Labels : Blog Archive

    Read more
  • SL’s fruit and vegetable exports tops US$ 32.5 m

    02/01/2017
    SL’s fruit and vegetable exports tops US$ 32.5 m

    Processors and exporters in combination have achieved as at today a 20 % increase in export revenue compared to last year, said Bandula Egodage, Chairman Export Development Board addressing the Lanka Fruit and vegetable Producers, Processors and Exporters Association's 32nd AGM on Wednesday.

    He said the industry has earned US$ 32.5 million export earnings in 2012 which was very significant because members of the association were engaged in agriculture. He said the members of the association were playing a vital role in terms of rural development in Sri Lanka and was engaged in a huge CSR campaign which was more vital than figures. He said value addition was vital to overcome rising input costs.

    Labels : Blog Archive

    Read more
  • Increase in tea export earnings

    02/01/2017
    Increase in tea export earnings

    Sri Lanka's total quantity of tea exported including re-exports with imported tea for July reached to 29.88 million /kg, indicating a gain of 3.34 million/kg compared to the corresponding period in 2012.

    The cumulative tea export earnings rose to Rs 17.76 billion, showing a slight gain of Rs 2.77 billion as against the same period last year with the increase in FOB (Free on Board) price per kg from Rs 564.92 to Rs.594.50, according to a tea market report.

    Cumulative exports including re-exports with imported Tea for the period January to July 2013 recorded 174.25 million /kg, a decline of 7.82 million /kg in comparison to same period last year.

    Labels : Blog Archive

    Read more
  • First Indo-Lanka textile agreement inked in Colombo

    02/01/2017
    First Indo-Lanka textile agreement inked in Colombo

    As the first ever textile agreement between India and Sri Lanka became a reality, both neighbours mulled joining to enter a coveted global textile foothold-China, the world’s largest textile market. “China’s textiles are gradually moving from production to consumption. Using our strengths together-Sri Lanka’s first class garment manufacturing infrastructure and India’s quality fabric outputs-let us jointly compete for China’s textile market” said a determined Ms Zohra Chaterji (Secretary of Indian Ministry of Textiles) on 09 September in Colombo.

    Ms Chaterji was addressing Anura Siriwardena (Secretary, Ministry of Industry and Commerce of Sri Lanka) on 09 September at Cinnamon Grand during her delegation’s official meeting with Sri Lanka’s delegation after the signing the first ever MoU between India and Sri Lanka on the same day at Galadari Hotel, Colombo earlier. During the successful Cinnamon Grand meeting, officials from both sides discussed in depth, of the modalities of the morning MoU and how to move forward and implement it in the coming months and agreed on the immediate next steps.

    Labels : Blog Archive

    Read more
  • Radical new boat ‘will significantly boost Sri Lanka’s tuna exports’

    02/01/2017
    Radical new boat ‘will significantly boost Sri Lanka’s tuna exports’

    egombo – A radical new, locally built high-speed catamaran fishing boat is poised to significantly boost the number of top-price tuna available for export from Sri Lanka to markets in Japan, China and the Middle East.

    It will also help ensure tuna sustainability in Sri Lankan waters by reducing by up 70 per cent the number of fish needed to be caught in order to ensure maximum profitability.

    Sri Lanka’s Ministry of Fisheries and Aquatic Resources Development has expressed keen interest in the new vessel, which will help put the country at the forefront of next-generation fishing-boat development.

    Labels : Blog Archive

    Read more