Throughout the past decades, the export sector of Sri Lanka has seen rapid growth. Backed by government support, growing experience and expertise of local industrialists and exporters, increase in foreign investment to better utilization of local resources, has provided the exporter sector with a stronger foundation to conquer new global markets.
Price Waterhouse Coopers (PwC), one of the world’s four largest audit firms recently released a comprehensive report titled ‘COVID-19 Outbreak: Impact on Sri Lanka and Recommendations’ This blogpost seeks to encapsulate the insights revealed by PwC in the context of export businesses.
In attempting to reduce the spread of the COVID – 19 pandemics around the globe, many countries have imposed temporary closures to the function of non-necessary venues such as restaurants and bars, luxury goods and apparel shops, as well as restricting large public gatherings and encouraging people to stay at home.
The gem industry in Sri Lanka enjoys a celebrated history mainly due to the Island's gem reserves and the country stands today as one of the world's largest gem suppliers with products of unparalleled quality. While the country exports over 75 different kinds of precious and semi-precious gemstones, sapphire varieties make nearly 85% of the export share at the moment.
From Ceylon Cinnamon to Ceylon Tea, Turmeric, and Ginger; herbs from Sri Lanka have long been known to have a boosting effect on our immune system. Whether made into a bitter, consumed with food or beverage and used as a spice these herbs and ingredients have been repeatedly proven to support the immune system function, and boost resistance to infection.
From its modest beginnings nearly four decades back, Sri Lankan Knowledge Services Industry has found its niche in the global market as one of the reliable and innovative digital solutions providers for small to large scale organisations and businesses around the world.
Sri Lanka, the celebrated Spice Island, is the proud country of origin of some of the world's highest-quality spices and is among the top spice exporting countries in the world.
To protect the integrity of Sri Lankan spice exports and provide a convenient mean of identification for spices made in Sri Lanka the Sri Lanka Export Development Board has acquired and developed the ‘Ceylon Spices’ brand and geographic indication for five types of spices exported from Sri Lanka, which acts as a proof quality and flavour that is unique to the terroir of Sri Lanka.
Ayurveda is believed (with good reason) to be an eternal science that first existed in the universal consciousness (Brahma) before it was passed from the creator to the ancient Indian mystics through meditation. The roots of Ayurveda go deep into the antiquity. Many of the foods and spices associated with Ayurvedic cuisine, including rice, lentils, urad dal, ginger, and turmeric, were already being cultivated during this period.
With the Sri Lankan Export Development Board seeking to achieve an ambitious target of USD 18.5 Billion in export earnings in 2020, the organisation has doubled its effort to increase the earnings by a 15% compared to the year 2019 through a series of strategic objectives, which seeks to transform the country’s existing approach to export.
A combination of local and global terrorism, political turmoil and natural disaster saw the local, as well as the global economy, slowing down compared to the year 2018. Sri Lanka registered a GDP growth of 2.8% during the last year against 3.3% recorded in 2018, while the global GDP also grew at a subdued rate of 2.5%, mainly due to Chinese and the USA trade tension and low growth recorded in the EU and Japan.
BioFach, the world´s leading Trade Fair for Organic Food, combined with VIVANESS International Trade Fair for Natural and Organic Personal Care, is an important business event, an emotional event for the sector, and both a get-together and an opportunity for positioning.
Sri Lanka Export Development Board is organising Sri Lanka country Pavilion at BioFach 2020 to be held from February 12-15 at Nuremberg Exhibition Centre, Nuremberg, Germany. Fifteen (15) Food & Beverage Exporters from Sri Lanka will be showcasing their products at Sri Lanka Country Pavilion to be housed at "Stand No. -3A-414 of Hall No. 3A.
“From fascinating new flavours to industry-shifting innovations and multi-million dollar export deals, Gulfood is the place to experience all the key moments driving the F&B industry forward and to see all the mega-trends come alive, like never before.” And 2020 marks the 25th edition of Gulfood to be hosted with the timely theme “Rethinking Food” from February 16-20, 2020 at the Dubai World Trade Centre.
As one of the world's steadiest suppliers of top-quality sapphires and seventy-five other types of gemstones, Sri Lanka is one of the most important countries in the world when it comes to gem and jewellery, despite its small size.