Sri Lanka's Apex Organisation for Export Promotion
At EDB, we regularly update our announcements page with our tenders, training programs, trade shows and fairs, important notifications, vacancies, and so on targeting Sri Lankan exporters, foreign buyers and anyone else who’s interested in these matters.
PROGRAMME
Sri Lanka Export Development Board in collaboration with the Sri Lanka mission in Sweden, proposes to organize a promotional programme for the ICT/BPM sector in Nordic Market from 29th May to 2nd June, 2023.
The Programme will include following activities.
RETAIL TECHNOLOGY 2023
The Retail Technology 2023 in Stockholm provides an opportunity for the companies in the verticals of Food tech, Retail tech, E-commerce, AI, Blockchain, Fintech etc. The event comprises an Exhibition, workshops, matchmaking, retail talk and mingle etc.
TO WHOM
ICT/BPM companies who wish to expand their tech products/services in Nordic market.
COST OF PARTICIPATION
Companies will have to bear a total cost around Rs. 600,000 for the shared stall space at the Retail Technology 2023 and to cover the logistical arrangements of the business/networking meetings. The EDB may consider meeting part cost of stall space and construction for selected new SME companies based on the availability of funds while other participants have to bear the above total cost. The cost of air fare, accommodation, internal travelling etc. to be borne by participating companies.
APPLICATION AND SELECTION
Application forms could be obtained from the Export Services Division of the EDB & EDB regional offices. Applications also could be downloaded from the EDB web site: www.srilankabusiness.com under the “Announcements”
The interested companies should forward the completed applications on the prescribed form by registered post to reach “Director/ Export Services” on or before 3rdApril 2023.
Shortlisted applicants will be interviewed by an interview panel appointed by the EDB
For further details please contact Ms. Vajira/ Assistant Director on 0112303869, e-mail: [email protected] or Mr. Dinesh/Export Promotion Officer on [email protected]
European Parliament and the Council agrees on an EU Regulation to fight against global deforestation and forest degradation driven by production and consumption
1. The European Council and the European Parliament reached a provisional agreement on 06.12.2022 on a draft EU Regulation aiming to ensure deforestation free imported products are placed on the EU market. The list of commodities that are mainly covered in the new proposed Regulation include palm oil, cattle, soy, coffee, cocoa, timber and rubber as well as derived products such as beef, furniture and chocolate. These commodities have been chosen on the basis of a thorough impact assessment identifying them as the main driver of deforestation due to agricultural expansion. European consumption is responsible for 17% of tropical deforestation linked to internationally traded commodities such as wood, cattle, palm oil, soy, coffee and cocoa. The EU is the second largest market for consumption of the targeted commodities after China.
2. In this way the EU hopes to contribute a significant share to reduce the European impact on forests, greenhouse gas emissions and biodiversity loss globally, while making EU imports and exports more sustainable, bring more transparency to supply chains and protect human rights, which are often violated in those areas facing the negative impacts of deforestation.
3. The new Regulation will require companies importing into the EU to guarantee by issuing a due diligence statement that products are not produced on land that led to deforestation and forest degradation anywhere in the world. The companies need to comply with all the rules in the country of origin. Those linked to deforestation will be banned from import and export into the EU. Companies that will be found violating the law could be fined up to four percent of annual turnover in the EU. The legislation would be reviewed one year after coming into force, in order to decide if it should be extended to other wooded land. Another review will be done in 2 years to see if other products need to be included.
4. The law will enter into force 20 days after its formal adoption by the European Parliament and EU countries, which is expected next year. However, big and medium sized companies will have 18 months’ time, while micro and small companies will have 24 months to implement the new rules.
5. The copies of the press releases issued in this regard are attached herewith for information. (Ends)
View the EU Commission Press Release (English)
View the EU Council Press Release (English)
View the EU Parliament Press Release (English)