• Committee to boost trade, investment with France

    02/01/2017
    Committee to boost trade, investment with France

    The Sri Lanka – France Business Council (SLFBC) which functions under the aegis of the Ceylon Chamber of Commerce held its 9th Annual General Meeting at the Ceylon Chamber of Commerce recently. The Council was inaugurated on February 4, 2004 with a primary objective of promoting trade, investment, tourism and services between Sri Lanka and France and to promote mutual understanding and strengthen the relationships between Sri Lanka and France.

    Christine Robichon, Ambassador of France and Patron of SLFBC graced the occasion as the chief guest.  Congratulating the newly appointed Committee she underlined that activities such as visit to France early this year demonstrated the usefulness of exchanging business delegations both ways. It was also mentioned that the partnership between the Embassy and Business Council went deeper with the successfully organised Symposium on Urban Development recently and the Embassy will continue to closely work with the Council in the future.

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  • June exports record commendable growth

    02/01/2017
    June exports record commendable growth

    The country’s exports earnings for June recorded commendable growth. However, it is necessary to have the right balance between commodity and cost.

    According to provisional Customs data, Sri Lanka is heading in the right direction despite challenges. Exports to our key markets the USA and EU, especially to USA have shown a satisfactory increase in June 2013, Sri Lanka Export Development Board (EDB) Chairman and Chief Executive, Bandula Egodage told Sunday Observer Business. The problems in our key markets indicate that we should focus on diversifying our markets to other regions. The Asian region comprising China and India has registered substantial economic growth, he said.

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  • Presidential Export Awards - 2010 & 2011

    02/01/2017
    Presidential Export Awards - 2010 & 2011


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  • Sri Lanka has opportunities in export food processing

    Lanka Business Online

    02/01/2017
    Sri Lanka has opportunities in export food processing

    Sri Lanka has to build capacity opportunities to be a processed food exporter, taking a cue from developments that occurred in East Asian nations such as Thailand and Vietnam, an Australia-based economist said.

    Prema-chandra Athukorale, professor of economics at Australian National University said in Thailand 23 percent of non-oil exports were processed foods and in Vietnam it was 27 percent and in Sri Lanka only 5.0 percent.

    He said global food habits were changing and there were opportunities for Asia food exporters.

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  • Govt. says new standards for Ceylon Cinnamon to boost Sri Lanka’s exports

    02/01/2017
    Govt. says new standards for Ceylon Cinnamon to boost Sri Lanka’s exports

    New regulations were tabled in Parliament yesterday to standardize and improve the quality of the centuries old cinnamon industry in Sri Lanka by shifting the focus from popular export crops – tea, coconut, and rubber – to the value added cinnamon in the international market.

    These regulations published in the Gazette Extraordinary 1813/15, prohibits the export of crushed or ground cinnamon, cinnamon organic, cinnamon quills cut, cinnamon in retail packs of 1kg or less, cinnamon featherings, and cinnamon chips, or cinnamon in any other form being exported without the SLS81:2010 certification specified for Ceylon cinnamon.

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  • Gems and jewellery sector records strong growth

    02/01/2017
    Gems and jewellery sector records strong growth

    The country’s gem and jewellery industry continues its growth momentum with increased export revenue for the first six months of 2013.“We could observe a steady growth in export revenue generation. The growth momentum in the sector augurs well for related industries where its contribution to the national economy becoming more significant,” said Chairman and CEO National Gem and Jewellery Authority, Amitha Gamage.

    “We are confident that if this growth momentum continues the gem, jewellery and diamond sector will reach $ one billion by 2016, he said.

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  • Gem and jewellery exports increase

    02/01/2017
    Gem and jewellery exports increase

    Sri Lanka’s gem, diamond and jewellery export sector has recorded an overall growth of more than 50 percent as at end of 2012. Revenue has increased significantly in comparison to the corresponding year’s figure of Rs.24,459 million in 2011.Therefore, Sri Lanka could be promoted as a gem and jewellery hub in the region, a senior official said.

    The export of gemstones brought in revenue of Rs 1,635 million recording a 39 percent growth while jewellery exports generated revenue of Rs 301 million showing an impressive 121 percent growth. The service cutting industry showed signs of recovery by recording an Rs 26 million income with a 50 percent growth.

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  • Export Development Board of Sri Lanka gets new Board of Directors

    02/01/2017
    Export Development Board of Sri Lanka gets new Board of Directors

    The new Board of Directors was appointed to the Sri Lanka Export Development Board on 27th June. Here Industry and Commerce Minister Rishad Bathiudeen (fourth from right) and Secretary Anura Siriwardena (third from right) with the new appointees: From left: Rohantha Athukorala, Dr. Chameera C. Yapa Abeywardene, Nawaz Rajabdeen, Bandula Egodage (Chairman), Dr. Yousuf Maraikkar (Executive Director) and Sharass M. Zuaib.

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  • Expo Pakistan 2013 opens in Sri Lanka

    Business Recorder

    02/01/2017
    Expo Pakistan 2013 opens in Sri Lanka

    The High Commission of Pakistan in Sri Lanka in association with the Trade Development Authority of Pakistan (TDAP), formally launched The EXPO Pakistan 2013- Opportunities Unlimited on 24 June, 2013 in Colombo.

    Minister for Industries and Commerce of Sri Lanka, Rishad Bathiuddin graced the occasion as the Chief Guest and jointly inaugurated the event, with the High Commissioner of Pakistan, Maj Gen Qasim Qureshi (Retd).

    Chairman Export Development Board of Sri Lanka, Bandula Egodage, representatives of the main chambers of Sri Lanka i.e. Ceylon Chambers, National Chambers of Industries, Federation of Chambers of Commerce, Women Chamber of Sri Lanka and the members of Sri Lanka-Pakistan Business Council, along with major business houses such as Aitkens Spence, Ceylon Biscuit Limited, Akbar brothers, Calico, CW Mackie, Haleys, Macksons, Eswaran Brothers, Packages Lanka, Hands Logistics and Tunip Lanka attended the ceremony.

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  • Japan to boost SL’s banana exports

    news.lk

    02/01/2017
    Japan to boost SL’s banana exports

    Japan’s ITOCHU Corporation will help further strengthen Japan-Sri Lanka trade ties under which investments are to be for expanding the island’s banana and tuna fishing industries and greater export opportunities will be provided for products.

    Kouhei Watanebe, Chairman , the Japan - Sri Lanka Business Co-operation Councial and  advisor to ITOCHU corporation said this when he and the corporation’s representatives met Economic Development Minister Basil Rajapaksa at the ministry office on Tuesday June 25.

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  • Lanka, Pakistan trade to reach US$ one bn mark

    02/01/2017
    Lanka, Pakistan trade to reach US$ one bn mark

    Pakistan High Commissioner Maj Gen Qasim Qureshi at the event.

    The total value of trade volume between Sri Lanka and Pakistan could be increased to US$ one billion soon with the free trade agreement between both countries in place. At present total value of trade volume was US$ 460 million, Pakistan High Commissioner Maj Gen Qasim Qureshi said.

    “The Pakistani new government has given concrete instructions for the forward march of foreign policy and is now crafting a strategy to engage in economic diplomacy with Sri Lanka to increase trade,” High Commissioner Qurshi said at a media conference to announce the 8th Expo 2013 in Pakistan. The event was to be held from of September 26 to 29 in Karachi.

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  • Sri Lanka seeks unrestricted market access from India for Sri Lankan exports

    Colombo Page

    02/01/2017
    Sri Lanka seeks unrestricted market access from India for Sri Lankan exports

    Sri Lanka has sought increased market access from India for Sri Lankan exports as a solution to balance the growing trade deficit with India.

    Sri Lanka made this request during a discussion with an Indian delegation arrived in the country to discuss trade and investment.

    Indian delegation led by S.R. Rao Commerce Secretary, Government of India arrived in Sri Lanka to discuss trade and investment matters with a Sri Lankan delegation led by Dr. P.B. Jayasundera Secretary, Ministry of Finance and Planning and Secretary, Ministry of Economic Development.

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  • China to open doors to Lanka’s apparel sector

    02/01/2017
    China to open doors to Lanka’s apparel sector

     Sri Lanka’s apparel industry is to get a big boost as the world’s largest textile producer, China is exploring possibilities of opening its huge domestic market to the island’s garment exports, an industry heavyweight said.

    Secretary General of the Joint Apparel Association Forum (JAAF) M.P. Tuly Cooray told the Business Times that their umbrella body is to enter into an agreement with the China National Garment Association to allow access for Sri Lankan apparel industrialists to penetrate the Chinese domestic market and also set up joint ventures to produce internationally branded products for overseas markets.

    A high-powered, 20-member delegation from the Chinese association visited Sri Lanka recently and held preliminary discussions towards signing a Memorandum of Understanding (MOU) enabling Chinese apparel makers and top global retailers to shift their orders to Sri Lanka due to the rising labour cost in that country, he revealed. He noted that they aim to get duty free access for apparel from

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  • EXPORT DEVELOPMENT BOARD Ministry of Industry and Commerce Sri Lanka Partner Country Pavilion

    02/01/2017
    EXPORT DEVELOPMENT BOARD Ministry of Industry and Commerce Sri Lanka Partner Country Pavilion

    EDB

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  • Sri Lanka makes their presence felt at the Paperworld 2013 exhibition held in Frankfurt

    02/01/2017
    Sri Lanka makes their presence felt at the Paperworld 2013 exhibition held in Frankfurt

    The Paperworld International Trade Fair is  a specialized fair for office supplies, school supplies, stationery and paper products held annually. It is an important venue for developing new contacts and maintaining existing business relationships for Sri Lankan exporters in the printing and stationery industry.  It is well recognized by buyers to source gifts and premium products including Office and School Supplies and Christmas Decorations.

    Paperworld 2013, held in January 2013 at Frankfurt, Germany which provided a great opportunity for exhibitors and trade visitors to study and analyze the position of the competitors and global market trends in products and prices.  It also provided an insight into innovative and eco friendly products made of environmental friendly materials.

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  • Ornamental fish export revenue surpasses $ 7 m

    02/01/2017

    The demand for ornamental fish has increased with its revenue surpassing $ 7 million, said a major ornamental fish exporter at an event to record Sri Lanka winning 30 awards at the recently concluded Aquarama 2013 ornamental fish competition in Singapore.

    He said that revenue from ornamental fish exports last year was $ 7.52 million and added that the industry targets a higher revenue this year with more fish breeders showing a keen interest to enter the ornamental fish export market.“The ornamental fish industry has a bright future. The lack of new species is a major hindrance to boost exports,” a fish breeder said.Ornamental fish breeders have called upon the government to support the industry and encourage more fish breeders to create a vibrant export market. Fish breeders said that adding new varieties with more export incentives for breeders will help enhance export revenue.

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  • Sri Lanka exports 2% of world’s ornamental fish supply

    DailyFT

    02/01/2017
    Sri Lanka exports 2% of world’s ornamental fish supply

    Minister of Industry and Commerce of Sri Lanka Rishad Bathiudeen yesterday revealed that Sri Lanka have more than 2% share of the global ornamental fish market which is around US$ 340 million. “We are also now recognised as one of the best ornamental fish suppliers to the international market.”

    Bathiudeen was addressing the press briefing held at the Export Development Board (EDB) to announce Sri Lanka’s strong achievements at the AQUARAMA 2013 event in Singapore.

    More than 300 competitors from 10 countries, submitting 1,350 entries, were taking part in the highly competitive AQUARAMA 2013 international ornamental fishery event held in Singapore from 28 May to 2 June.

    Seventeen Sri Lankan firms, facilitated and sponsored by EDB, competing in the event won 30 awards, which was symbolically re-awarded by Minister Bathiudeen with his praise, yesterday.

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  • Nestlé Lanka VP takes over as EDB Chairman

    DailyFT

    02/01/2017
    Nestlé Lanka VP takes over as EDB Chairman

    A corporate affairs and communications professional from one of the world’s largest food and beverage multinationals has been appointed as the new Chairman of the Export Development Board (EDB) of the Ministry of Industry and Commerce.

    Minister of Industry and Commerce Rishad Bathiudeen yesterday appointed Nestlé Lanka PLC Vice President of Corporate Affairs and Communication Bandula Egodage to the helm of EDB.

    He will continue in his permanent position at Nestle Lanka. The new appointment follows the resignation of Janaka Ratnayake late last year.

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  • The European Seafood Exposition (ESE) - 2013

    02/01/2017
    The European Seafood Exposition (ESE) - 2013

    The European Seafood Exposition (ESE) is the world's largest seafood fair. Attracting buyers and sellers from over 140 countries around the world and featuring the stands of over 1,600 exhibitors. The European Seafood Exposition is the global can't-miss fair for the seafood industry.

    Since the ESE is the most prominent fair for the seafood sector and also considering the Europe as Sri Lanka’s key market, Sri Lanka has been participating regularly at this fair since 2007.  The previous participations have brought tangible outcome for Sri Lanka’s fisheries export sector.

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  • Sri Lanka: Promising Business Destination

    -Asian Tribune-

    02/01/2017
    Sri Lanka: Promising Business Destination

    External Affairs Minister Professor G.L. Peiris was the principal speaker at the event “Sri Lanka: Promising Business Destination” organized in Beijing on Tuesday at the Intercontinental Hotel by the Embassy of Sri Lanka and the Export Development Board.

    Professor Peiris explained to the leading Chinese investors and representatives of the corporate sector of China present at the event, the main advantages which Sri Lanka is able to offer today, as a destination for investment and trade. Key officials of the China Council for the Promotion of International Trade participated in the event. One of the salient features of this programme was the emphasis on matching arrangements between Sri Lankan and Chinese companies for the purpose of increasing volumes of trade between the two countries.

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