• “Lanka capable of producing 15 million pairs annually”-EDB

    01/02/2014 Asian Tribune

    02/01/2017
    “Lanka capable of producing 15 million pairs annually”-EDB

    The Sri Lankan footwear and leather industry is growing at a steady pace-and has developed into a sector catering to international markets. “Forthcoming 6th International Footwear & Leather Fair is a three day event and will move our producers, who now show 45% value addition, to international buyers” said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on 31 January in Colombo.

    Minister Bathiudeen was acknowledging his officials’ info on the forthcoming 6th International Footwear & Leather Fair which will commence in Colombo on 07 February. The three day exposition will pack such events as, a Designer Award Ceremony, an exclusive Fashion Show and a stall competition. On display are footwear, raw material, travel goods, chemicals, leather goods, components & accessories as well as machinery. In addition to the general public, Importers, Buying houses, Traders, Designers, Wholesalers & Agents, Brand owners, and Industrialists are expected to grace the expo.

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  • Footwear & Leather Fair from 7 to 9 February at BMICH

    30/01/2014 Daily Mirror

    02/01/2017
    Footwear & Leather Fair from 7 to 9 February at BMICH

    The Sri Lanka Export Development Board (EDB) together with the Ministry of Industry & Commerce, Industrial Development Board and the Sri Lanka Footwear and Leather Products Manufacturers Association (SLFLPMA) will provide a platform for Sri Lankan footwear and leather product exporters, manufacturers and SMEs’ to showcase their talents and capabilities locally and globally by organising the 6th Footwear and leather Fair 2014 from 7 to 9 February 2014.

    Footwear and Leather industry contributes a considerable share to the country’s exports earning and shown a remarkable growth during this year. In addition, footwear manufacturers cater to more than 50% of the local market requirement, minimising imports of such items.

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  • Biz delegation from Hong Kong to visit SL in April

    25/01/2014 Lanka Business Today

    02/01/2017
    Biz delegation from Hong Kong to visit SL in April

    In a new breakthrough after a year from the first ever successful Hong Kong-Sri Lanka biz MoU in 2013, some Hong Kong based manufacturers are now looking to move factories to Sri Lanka and a high powered biz delegation from HK is now scheduled to arrive in early April.

    ”The first ever business development MoU between Hong Kong Trade Development Council (HKTDC) and the Export Development Board (EDB) was a tremendous success and some Hong Kong based manufacturers are looking to move factories to Sri Lanka. A delegation led by none other than the Deputy Executive Director of HKTDC Ms Margaret Fong is scheduled to arrive in early April for the next level in this process. Some HK manufacturers have already expressed interest to set up production in Sri Lanka, especially in garment and food, as well as handicraft and sunshine industries. Tentatively, there will be 20 delegates from 15 companies in the forthcoming delegation. We are also helping some Sri Lankan exporters to find HK markets and importers,” said Sunny Chau, Regional Manager, HKTDC Southeast Asia and India, on January 21 in Colombo.

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  • Exports surge by 6.2% in 2013

    23/01/2014 The Island

    02/01/2017
    Exports surge by 6.2% in 2013

    Sri Lanka’s exports, which suffered a YoY decline of 7% in 2012, returned with a bang in 2013 posting a 6.2% surge. "I and EDB thank our exporters for their commitment for this strong performance" a Ministry of Industry and Commerce press release quoted Minister of Industry and Commerce Rishad Bathiudeen as saying.

    The release adds: ‘Minister Bathiudeen was acknowledging the latest provisional annual export performance numbers briefed to him by his officials on January 22 in Colombo.

    ‘According to the latest provisional figures by the EDB, 2013 cumulative exports earnings stood at $ 10379.94 Mn, growing by 6.2% from 2012’s annual export revenues of $ 9773.63 Mn.

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  • Lanka coir now used by Mercedes Benz -EDB

    23/01/2014 The Island

    02/01/2017
    Lanka coir now used by Mercedes Benz -EDB

    Sri Lankan coir has grabbed the attention of a leading global automotive firm. "I am happy to say that our coir is now used by Mercedes Benz. This is the first time we learn that our coir have gone to such high levels" said a pleased Sujatha Weerakoone, Director General of EDB on January 22.

    EDB Director General Weerakoone was addressing "Exporting to Korea" event, organised and held at the EDB. The session was honoured by a 16 member strong South Korean undergrad delegation led by Prof. Bell C.J. Park of Myongji University, South Korea, who made a presentation. Also in attendance were more than 100 reps from various Sri Lankan exporters.

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  • Korean University Students on Sri Lanka Tour

    23/01/2014 Asian Tribune

    02/01/2017
    Korean University Students on Sri Lanka Tour

    Myongji University in Korea in collaboration with the Korea International Cooperation Agency (KOICA) and the Embassy of Sri Lanka in Korea, will be sending a student delegation to Sri Lanka from 20th – 27th January, 2014.

    The delegation consists of Professor Bell J.C. Park, a faculty member of the International Trade Department of the Business Administration College at Myognji University, and 15 university students whose major interest is international trade business.

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  • Tea exports revenue hit record high in 2013

    17/01/2014 nation.lk

    02/01/2017
    Tea exports revenue hit record high in 2013

    Sri Lanka has achieved the highest ever revenue from tea exports in 2013 realizing a total revenue of Rs. 199.4 billion surpassing the previous best of Rs.180.4 billion in 2012, recent statistics from a leading tea brokerage firm showed. The record revenue was realized despite the island exporting lesser quantity of tea from January – December 2013 where cumulative tea exports totalled 319.6M/kgs, showing a marginal decrease of 0.28M/kgs vis-à-vis 319.9M/kgs of 2012.

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  • Over 200 stalls at Footwear and Leather Fair in Feb.

    11/01/2014 Lanka Business Today

    02/01/2017
    Over 200 stalls at Footwear and Leather Fair in Feb.

    The sixth Footwear and Leather Fair is to be held from February 7 to 9 featuring over 200 stalls.

    The event, organized by the Export Development Board (EDB), the Ministry of Industry and Commerce, Industrial Development Board and the Sri Lanka Footwear and Leather Products Manufacturers’ Association (SLFLPMA), is expected to provide a platform for Sri Lankan footwear and leather products exporters, manufacturers and Small and Medium Enterprises (SMEs) to showcase their talents and capabilities locally and globally.

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  • Sri Lanka’s textile & garment exports surge 35% in Nov’13

    09/01/2014 Fibre2fashion

    02/01/2017
    Sri Lanka’s textile & garment exports surge 35% in Nov’13

    Sri Lanka has garnered more than $4.6 Mn orders at the recently concluded Kunming Int’l Fair in China-and this too is only from the initial overview of Kunming outcomes rather than any in-depth totals. “I am pleased of the performance of the delegation of 119 companies and businesses that I led to Kunming. I commend EDB for this successful facilitation effort” said a satisfied Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 31 July in Colombo.

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  • Second largest SAARC partner hungry for Lankan exports, FTA trade

    09/01/2014 Asian Tribune

    02/01/2017
    Second largest SAARC partner hungry for Lankan exports, FTA trade

    Rishad Bathiudeen (Minister of Industry and Commerce) discusses with His Excellency Maj Gen Qasim Qureshi (Pakistan High Commissioner to Sri Lanka) on 07 January in Colombo.

    Sri Lanka’s second largest trade partner in SAARC is hungry for more Lankan exports in the coming year-while also closely looking at Sri Lanka’s sugar sector for entry! ”Pakistan’s new GSP with EU is an opportunity for Sri Lankan exporters and they can do more things. In fact, we should jointly explore whatever is possible within the rules and regulations of these new developments!” stressed an upbeat Major Genenral Qasim Qureshi (Pakistan High Commissioner to Sri Lanka) on 07 January in Colombo.

    High Commissioner Qureshi was addressing Rishad Bathiudeen Minister of Industry and Commerce on 07 January during his new-year courtesy call on Minister Bathiudeen at the Ministry of Industry and Commerce premises in Colombo 03.

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  • Pakistan's latest GSP with EU, opportunity for Sri Lankan exporters: Qureshi

    08/01/2014 Daily Mirror

    02/01/2017
    Pakistan's latest GSP with EU, opportunity for Sri Lankan exporters: Qureshi

    Sri Lanka’s second largest trade partner in SAARC is looking for more Lankan exports in the coming year, while also eyeing Sri Lanka’s sugar sector entry,

    ”Pakistan’s new GSP with EU is an opportunity for Sri Lankan exporters, and they can do more things. In fact, we should jointly explore whatever is possible within the rules and regulations of t hese new developments, said Pakistan High Commissioner to Sri Lanka Major General Qasim Qureshi, addressing Industry and Commerce Minister Rishad Bathiudeen during his new-year courtesy call on the Minister.

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  • ‘Seven firms now in automotive assembly here’- Minister Rishad

    02/01/2014 news.lk

    02/01/2017
    ‘Seven firms now in automotive assembly here’- Minister Rishad

    Export cess on rare earth/mineral sand were introduced to safeguard our industries –and no less than seven firms are now active in automotive assembly industry in Sri Lanka. “To safeguard domestic industries and to ensure a continuous supply of raw materials for local industries, we introduced exports cess on selected items. And seven companies have ventured into the automobile assembly industry with a local value addition exceeding 30%” said Rishad Bathiudeen, Minister of Industry and Commerce on 10 December.

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  • Export earnings increase to record levels in October

    04/12/2013 Daily News

    02/01/2017
    Export earnings increase to record levels in October


    The external sector strengthened further with the trade deficit contracting sharply in October 2013,the Central Bank said yesterday. Earnings from exports increased to record levels, reflecting the ongoing recovery in the global economy, while expenditure on imports declined. The contraction of the trade deficit, higher inflows to the services account and an increase in private transfers contributed to reducing the current account deficit.

    The favourable developments in the external sector together with higher inflows to the financial account, resulted in the Balance of Payments (BOP) recording an estimated surplus during the first ten months of 2013, compared to the deficit recorded during the corresponding period of 2012, the Central Bank said yesterday.

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  • Lanka exports jump in October

    24/11/2013 Asian Tribune

    02/01/2017
    Lanka exports jump in October

    Top officials join Rishad Bathiudeen (Minister of Industry and Commerce) to review exports at the Ministry of Industry and Commerce.

    Sri Lanka is hopeful as exports continue to surge with latest volumes showing a promising uptrend. “The export trend in September is continuing. The 3% exports increase in October is higher than expected” said a pleased Rishad Bathiudeen, Minister of Industry and Commerce on 22 November.

    Minister Bathiudeen was acknowledging the latest export numbers for October 2013 indicated to him by his top officials on 22 November at the Ministry of Industry and Commerce.

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  • $ 01 B int’l biz partnerships from Reflection

    22/11/2013 Asian Tribune

    02/01/2017
    $ 01 B int’l biz partnerships from Reflection

    Sujatha Weerakoon (DG-EDB-second from left) and Bandula Egodage (Chairman-EDB) join Rishad Bathiudeen (Minister of Industry and Commerce-far left) and Basil Rajapaksa (Minister of Economic Development-second from right) on 16 November at Reflection of Sri Lanka, Battaramulla.

    The biggest Lankan trade, tourism and investment exposition in history successfully concluded on Sunday 17 November at Battaramulla, with $ 01 Bn in international business partnerships. “The event appears to be a sell-out. There were more than 242000 visitors that included an unprecedented number of international buyers representing 66 countries -which led to 1428 serious buyer visits, 101 promising B2B meetings” said Rishad Bathiudeen, Minister of Industry and Commerce on 20 November in Colombo.

    Minister Bathiudeen was speaking with his top officials including Anura Siriwardena, (Secretary, Ministry of Industry and Commerce), on 20 November acknowledging the final review of the progress of Reflection of Sri Lanka -the integrated tourism, trade, investment and SME exposition -inaugurated on 13 November in Battaramulla. Reflection of Sri Lanka was inaugurated by (HE) the President Mahinda Rajapaksa on 13 November evening in the presence of a large number of Lankan and international dignitaries as well as media.

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  • Taiwan Textile Fair begins on November 26

    20/11/2013 Daily News

    02/01/2017
    Taiwan Textile Fair begins on November 26

    The top textile companies from Taiwan will be showcasing their cutting edge, unique and high performance textile products at Taiwan Textile Fairs in South Asia 2013 at the Taj Samudra, Colombo, Sri Lanka on November 26 and 27, 2013.

    Taiwan is one of the largest textile exporters in the world and the Taiwan textile industry is internationally renowned for its manufacturing excellence. Their superior quality yarn, innovative fabrics and textile products are now coming to Sri Lanka and will present their range of state-of-the-art textile products to Sri Lankan apparel manufacturers at the Taiwan Textile Fairs in South Asia 2013.

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  • Anuga Exhibition from 5th to 9th October 2013 in Cologne, Germany

    10/11/2013 Asian Tribune

    02/01/2017
    Anuga Exhibition from 5th to 9th October 2013 in Cologne, Germany

    The Anuga Exhibition is the most important platform for the food business held in Cologne. This year, 6777 exhibition stands catered to the public, and more than 150 000 trade visitors from 187 countries were present to check out the actual trends in the food business.

    The Minister of Industries and Commerce of Sri Lanka, Rishad Bathiudean, accompanied by Ambassador of Sri Lanka in Germany, Mr. Sarath Kongahage, and the Consul General of Sri Lanka in Frankfurt, Mr. Pradip Jayawardana, opened the Sri Lanka representation with 41 Sri Lankan companies exhibiting high quality Sri Lankan products such as tea and other export products.

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  • SL-B’desh mull formulating PTA

    05/11/2013 Daily Mirror

    02/01/2017
    SL-B’desh mull formulating PTA

    Sri Lanka and Bangladesh will begin formulating a preferential trade agreement (PTA) between the two countries subsequent to the completion of the Commonwealth Heads of Government Meeting (CHOGM), with a view to developing into a free-trade agreement (FTA) in future, according to Bangladesh High Commissioner to Sri Lanka Mohammad S. Rahman.

    “The current quantum of bilateral trade between Sri Lanka and Bangladesh is still relatively low at approximately US $ 9 million.

    However, there is a lot of potential to improve this figure. We hope to establish a PTA once the CHOGM is completed, which can eventually be developed into a fullyfledged FTA in future,” he stated.

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  • Sri Lanka-China FTA not a blindsided rush- Minister Bathiudeen

    03/11/2013 nation.lk

    02/01/2017
    Sri Lanka-China FTA not a blindsided rush- Minister Bathiudeen

    Forthcoming FTA with China is not a blindsided move but is a process involving studies and even relevant stakeholder consultations. “We are still at initial study phase and we will not finalize product lists without consulting Lankan stakeholders such as various chambers and industries,” assured Minister of Industry and Commerce of Sri Lanka Rishad Bathiudeen to the oldest Industry Chamber in the country on October 31 in Colombo.

    Minister Bathiudeen was addressing a delegation led by new Chairman,CNCI Gamini Gunasekara on October 31 at the Ministry of Industry and Commerce. Also taking part were Secretary, Ministry of Industry and Commerce Anura Siriwardena and additional secretaries, officials of Department of Commerce and CNCI officials.

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  • Tea export earnings reach Rs 142 b upto September

    29/10/2013 Daily News

    02/01/2017
    Tea export earnings reach Rs 142 b upto September

    Sri Lanka’s overall tea export earnings during the period January – September of the year has increased by Rs. 10.6 billion year on year (YoY) to record Rs. 141.9 billion, according to a Forbes and Walker report.

    However, overall export volumes in the first nine months of the year has decreased by 1.4 million kg year on year to 234.5 million kg.

    The total tea export earnings in August also increased to Rs. 123.1 billion while tea export earnings in September was Rs. 18.5 billion. The volumes decreased by 3.1 million kg to 28.7 million kg.

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