For Overseas Buyers
Sri Lanka has a rich legacy dating back many centuries, when traders from both East and West were drawn here for its many valued gems, precious stones, spices and exotic fauna. These links were enabled by the island’s strategic location on the ancient Silk Route, and social patterns that encouraged such trade and contacts with the wider world. Sri Lanka has been one of the pioneering countries in Asia that introduced liberal and market oriented Economic policies far back in 1977.
Sri Lanka seeks to add to its past fame and be part of the modern world with an important position in global trade and commerce. Sri Lanka is fast progressing towards becoming Asia’s business hub for naval operations, production and commercial activities, knowledge based industries, aviation activities and tourism and energy developments.
Sri Lanka is now a middle income emerging market, with one of the fastest growing economies in the Asia-Pacific Region, and its new economic strategies hold much promise of bringing out the true potential of the country as a source for exports of diverse commercial and industrial interest, and making it a new focus for international trade.
Sri Lanka’s strategic location as a connecting point of sea and air transport between east and west has been complementary to the expansion in the trade with the world. The Free Trade Agreements that Sari Lanka entered into with India (year 2000) and with Pakistan (year 2005) have already become the key gateway platform for manufacturers and investors based in Sri Lanka to access sub-regional market with over 1.6 billion people.
The Government of Sri Lanka has placed export growth high in its development agenda and has taken many initiatives to innovate, develop and promote products and services with export potential in the global market.
In addition to the traditional gems and spices, which are also enhanced in appeal, the country now has much of interest in agriculture and agro-industry, new high-tech based industries and services, and many human skills much needed in world commerce and trade.
Sri Lanka Export Development Board (EDB) is the country’s apex state organization mandated to develop and promote exports from Sri Lanka. Thereby playing a key role in achieving the national development objectives of the country.
As exports contribute nearly 17% to the GDP, the policy framework of the country accords high priority for the development of the export sector. In line with the government’s development agenda, the EDB is geared towards promoting identified products and services to international buyers and markets in order to make Sri Lanka the most sought after destination for global sourcing.
Dedicated to the task of promoting exports for the benefit of exporters and buyers, EDB performs its key functions in five identified roles as a policy advisor, monitor, promoter, facilitator and knowledge provider.
The EDB formulates and implements the National Export Development Plan in collaboration with all relevant public and private stakeholders in order to achieve the development objectives of the export sector in Sri Lanka.
The approach of the EDB is based on the principle that the public sector facilitates the strategic process but exporters own and drive the strategy.