The recovery of export streams and markets damaged through neglect and weak international relations is a major priority in Sri Lanka’s ‘100-day Global Trade Blueprint’, which was unveiled for the first time in Colombo.
The new Government also revealed that Sri Lanka’s exports as a share of GDP, is not at a low of 15% as generally believed but is at 20%.
The past three years from 2012-2014 saw a renaissance in Ceylon Tea with the year 2013 breaking all records and the 2014 figures just released surpassing even that of 2013, recording the highest ever export earnings of $ 1.61 billion (Rs. 210.2 billion) which is a 5.43 % growth over 2013 and a FOB price of US$ 4.95 per kg, which is a 3.1 % growth over 2013 which were all records for the 147 year old history of the Sri Lankan tea industry.
The Sri Lankan footwear market leader, DSI dominated the Design Award Ceremony held on 8th February 2015 at BMICH. Held parallel to the Footwear and Leather Fair 2015, which was held from 6th to 8th February at the BMICH, the Awards Ceremony celebrated the best and brightest of the industry. The exhibition was organised jointly by the Sri Lanka Export Development Board (EDB) and Industrial Development Board (IDB) in collaboration with the Footwear and Leather Goods Manufacturers Association in Sri Lanka as an endeavour to assist and upgrade the local manufacturers and designers.
Sri Lanka's Export Development Board (EDB) said that it has opened a web portal for service exporters as a one stop for them to link with international partners.
The portal named as www. srilankaservicexport.com is free for exporters, the EDB said in a media statement.
Fifty Sri Lankan companies participated at the Gulfood 2015 in Dubai from 8-12 February displaying food and beverage products such as tea, spices, processed food, soft drinks, biscuits, virgin coconut oil, dried fruit, herbal products, etc.
Sri Lanka's merchandise exports continued on its growth trend in 2014 to a total of over US$ 11 billion with an increase of 9 percent in the month of December, the Export Development Board (EDB) reported.
According to the latest data from the EDB, Sri Lanka's exports for 2014 rose 6.67 percent from the previous totaling US$11.079 billion. The figure, which only represents earnings from provisional merchandise, is expected to rise when the service exports values included.
Sri Lanka’s footwear and leather exports have doubled within a short period of one year and posted the highest revenues so far in recent times-and the sector lauds praise on the Industry and Commerce Minister for the provision of first modern tannery complex for them, as reported on 06 February.
The seventh edition of Footwear and Leather Fair Exhibition organized by the Ministry of Industry and Commerce in association with Sri Lanka Export Development Board will be held from February, 6 - 8, 2015 at Sirimavo Bandaranaike Exhibition Centre –BMICH.