Jan-August exports up by 14%’-Rishad

Asian Tribune

26/09/2014

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.

Jan-August exports up by 14%’-Rishad

Minister Bathiudeen was addressing the fifth national Exporters Forum organised by the EDB on 25 September. More than 120 reps from 50 companies and various Chambers-including Hayleys, Expolanka, Enrich Tea, Earnst & Young, DSI, Netle, Acquamarine, and Printcare as well as such chambers as Ceylon Association of Ships' Agents, Ceylon Chamber of Commerce, National Chamber of Exportes, Planters Association, JAAF-took part in the session. Also taking part were Anura Siriwardene (Secretary, Ministry of industry and Commerce),Bandula Egodage (Chairman-EDB), Sujatha Weerakoone (DG-EDB) and top officials of Ministry of Industry and Commerce.

“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 Minister Bathuiudeen, and added: ”It is here, that I wish to thank you all sincerely for our positive export growth trend. In that I am pleased to say that according to the latest provisional data by EDB, January to August 2014 exports have increased by 14.03% to $7.34 Bn, in comparison to 2013 January-August exports. I am pleased to say that even monthly exports for August 2014, have increased by 2.4%, to $ 978 Mn, from July 2014’s $955 Mn.”

According to the latest provisional data, this increase is seen across all sectors. January to August increase have been led by agricultural products at $ 1.778 Bn increasing by 3.18%, manufacturing at $1.623 Bn increasing by 2.5%, apparel at $ 3.24 Bn increasing by 0.65%, industrial products at $5.343 Bn increasing by 0.91%, Ceylon tea at 1.07 Bn increasing by 3.09%, coconut exports at $356 Mn increasing by 4.2%, and other export crops at $ 315 Mn, increasing by 4.7%. Due to international rubber price decline, natural rubber exports show a decline.

Almost one fourth of issues listed in 25 Exporters’ Forum agenda were resolved successfully.

“These positive outcomes also are a result of the approach adopted by the EDB under my Ministry. In other words it is a result of all our collective engagement and efforts” Minister Bathiudeen said.

More than 100 reps from various government institutions including the Customs, Treasury, BoI, University of Moratuwa, EDB, Ministries of Industry and Commerce, Agriculture, Industrial Development Board, the Ports Authority, and Exchange Control Department too were present to answer exporter queries.