Sri Lanka has a strong agricultural heritage that spans back to nearly three thousand heritage. Sri Lankan farmers have cultivated a diverse range of crops and have been actively breeding plant varieties that are more resistant to pests and diseases and have more nutritious and delicious yield.
Vanilla is the second most expensive spice in the world and the only orchid type that we use in food. Vanilla is grown mainly in Central Sri Lanka due to the cold climate and wet weather conditions. The plant is a member of the tropical climbing orchid family Orchidaceae. Even though Vanilla is native to Mexico, its cultivation the plantation has spread itself across the world with time.
As the world battles to control the spread of COVID -19, maintaining good hand hygiene has become vital to control the spread of the virus. The World Health Organisation (WHO), as well as other local health organisations, recommend washing hands with clean water and soap and use of alcohol-based hand rub to keep the hands clean and control the spread of the virus by touch.
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.
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.
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.
The Sri Lanka Export Development Board (EDB) has organized a Sri Lanka pavilion at “PRODUCTRONICA 2019” from 12th – 15th November 2019 at MESSE MÜNCHEN, Germany with the assistance of Embassy of Sri Lanka in Germany and Consulate General of Sri Lanka in Frankfurt.
The Export Development Board organized a Tech Pavilion for the 4th consecutive year at the INFOTEL exhibition with the intention of providing an opportunity for ICT companies & startups to promote their services/technologies and to meet both local and foreign clients. The companies/startups who exhibited at the exhibition commended on EDB efforts and said that they were able to gain exposure in the ICT/BPM industry and that experience can be leveraged to develop their business models.
The National Construction Association of Sri Lanka (NCASL) has launched the premier housing and construction exhibition with a decade-long success story as its 19th consecutive exhibition. The 2019 edition, is presented at the Oak room of the Cinnamon Grand Hotel, themed ‘Build Smart – Live Smart’, withal revolutionary hi-tech, smart, future shaping and consumer-focused approach.
Cisco Systems Inc said it is rolling out hardware for the next generation of Wi-Fi standards, giving a core part of its $28.2 billion infrastructure business a refresh and in the process aiming to garner more software revenue.
Today, with cybercriminals operating like a penetration tester in the way they scope out the network probing for vulnerabilities and weak entry points, those responsible for IT security will once again need to adjust their strategy and defences. The Sophos 2019 Threat Report detailed how criminals are now “staking out” victims, moving laterally throughout the network, manipulating internal controls to achieve their objectives stealthily.
Sri Lanka aspires to become a middle-high income country by 2025 by having a highly-competitive economy with a diversity of products and services for local requirements and export markets. An increase on export revenue will be achievable only through consolidating Sri Lanka's share in the existing markets and by venturing into and establishing itself in newer markets through new, highly value added and diversified products and services.
Sri Lanka is making a renewed attempt to leverage its geographic advantage in the East-West shipping route, this time as a boat builder and marine tourism destination under the National Export Strategy. The five-year plan formally launched in July 2018 identifies boat building and its related services as one of five key industries to expand Sri Lanka's export basket and increase export earnings to US$ 28 Billion by 2022.
As promulgated by the Ministry of Finance & Mass Media on June 29, 2018, a number of key regulations concerning B2C transactions on the eCommerce platform came into immediate effect on July 01, 2018. Accordingly, at EDB, we deem it fit to educate the local exporters who transact with overseas buyers through eCommerce platforms on the most pertinent of them.
As the leading tourism body in the nation to drive the growth of the tourism sector in the country, Sri Lanka Tourism Promotion Bureau contributes to promote destination Sri Lanka with its continual tourism promotional campaigns, events, and consumer fairs and international press trips.
Sri Lanka will endeavour afresh to put its spices back on the global trading map with a comprehensive new plan launched in July 2018. The National Export Strategy (NES) is a coherent action plan developed by public and private sector stakeholders to elevate Sri Lanka's spice trade from a mere commodity supplier to a centre of value addition and excellence.