Sri Lanka's seafood exports to the European Union picked up 19.9 percent in July 2016 from a year earlier, following the lifting of a ban, and apparel exports rose 3 percent, but lower commodity prices have hit petroleum and tea.
Exports fell 4.4 percent to $891.2 million in July 2016 from a year earlier and imports fell 6.6 percent to $1,432 million dollars, shrinking the trade balance 10 percent to $541 million, official data showed.
As a tiny island surrounded by the Indian Ocean, Sri Lanka is blessed with a large fishing ground filled with the most delicious bounties of the Indian Ocean. With a long history of harvesting the benefits of the surrounding ocean, Sri Lanka is home to a large fishing community who brave mighty waves to bring home the best seafood from the Indian Ocean.
egombo – A radical new, locally built high-speed catamaran fishing boat is poised to significantly boost the number of top-price tuna available for export from Sri Lanka to markets in Japan, China and the Middle East.
It will also help ensure tuna sustainability in Sri Lankan waters by reducing by up 70 per cent the number of fish needed to be caught in order to ensure maximum profitability.
Sri Lanka’s Ministry of Fisheries and Aquatic Resources Development has expressed keen interest in the new vessel, which will help put the country at the forefront of next-generation fishing-boat development.
The European Seafood Exposition (ESE) is the world's largest seafood fair. Attracting buyers and sellers from over 140 countries around the world and featuring the stands of over 1,600 exhibitors. The European Seafood Exposition is the global can't-miss fair for the seafood industry.
Since the ESE is the most prominent fair for the seafood sector and also considering the Europe as Sri Lanka’s key market, Sri Lanka has been participating regularly at this fair since 2007. The previous participations have brought tangible outcome for Sri Lanka’s fisheries export sector.