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.
With the concept of wellness becoming a buzzword in the world, the tourism industry has capitalized on its potential by offering travel experiences that have health and well-being as a core component.
The processed food and beverages sector is one of the world's largest industries, and manufactures a wide range of food and drinks to cater to the growing needs of the global population.
Sri Lanka harbours the aspirations to become South Asia's foremost maritime, logistics and distributions hub considering its geographical position in South Asia, which is located at the crossroads of the fastest-growing region of the world that generates the competitive edge over the other regional players.
Trade Information & Promotion (TIP) is no doubt the most vital Trade Support Function in the National Export Strategy (NES) which will strengthen the capacities and efficiencies of Sri Lankan entrepreneur's market-entry.
In a strategy to reinvigorate Sri Lanka's potential as an Export Hub, the Government of Sri Lanka has formulated a five-year plan that promises to put the country on an equal footing with some of the leading economies of Asia.
Another successful implementation of the National Budget 2018 though ‘IT Initiative’, marked with the inauguration of the Training Program in Fundamentals of Data Science was held on 29 October, at the Senate Hall of University of Colombo.
The Sri Lankan economy has faced multiple headwinds in the recent past amid fears of the nation falling into an irreversible debt trap and a rapidly weakening currency against the backdrop of a strengthening greenback. Concern over the external economy therefore, has received extended coverage in the media for most of this year.
The Ministry of Development Strategies and International Trade and the Sri Lanka Export Development Board (EDB) will conduct the second consultation for Sri Lanka’s National Export Strategy (NES) from today. Over 300 public and private sector representatives are expected to attend in order to chart the next export growth cycle of the country.
The Export Development Board (EDB) has initiated action on the preparation of a National Export Strategy (NES) for the next five years. The EDB is empowered by the Sri Lanka Export development Act to prepare a national Export strategy.
Sri Lanka has been celebrated for the brightest and the most valuable gemstones in the world and was suspected to be the locality of mythical ‘Tarshish’, the port city, which supplied King Solomon with gems, silver, pearls and ivory.