2013-08-04
The country’s exports earnings for June recorded commendable growth. However, it is necessary to have the right balance between commodity and cost.
According to provisional Customs data, Sri Lanka is heading in the right direction despite challenges. Exports to our key markets the USA and EU, especially to USA have shown a satisfactory increase in June 2013, Sri Lanka Export Development Board (EDB) Chairman and Chief Executive, Bandula Egodage told Sunday Observer Business. The problems in our key markets indicate that we should focus on diversifying our markets to other regions. The Asian region comprising China and India has registered substantial economic growth, he said.
2013-07-09
New regulations were tabled in Parliament yesterday to standardize and improve the quality of the centuries old cinnamon industry in Sri Lanka by shifting the focus from popular export crops – tea, coconut, and rubber – to the value added cinnamon in the international market.
These regulations published in the Gazette Extraordinary 1813/15, prohibits the export of crushed or ground cinnamon, cinnamon organic, cinnamon quills cut, cinnamon in retail packs of 1kg or less, cinnamon featherings, and cinnamon chips, or cinnamon in any other form being exported without the SLS81:2010 certification specified for Ceylon cinnamon.
2013-07-04
Sri Lanka’s gem, diamond and jewellery export sector has recorded an overall growth of more than 50 percent as at end of 2012. Revenue has increased significantly in comparison to the corresponding year’s figure of Rs.24,459 million in 2011.Therefore, Sri Lanka could be promoted as a gem and jewellery hub in the region, a senior official said.
The export of gemstones brought in revenue of Rs 1,635 million recording a 39 percent growth while jewellery exports generated revenue of Rs 301 million showing an impressive 121 percent growth. The service cutting industry showed signs of recovery by recording an Rs 26 million income with a 50 percent growth.
2013-06-25
Sri Lanka has sought increased market access from India for Sri Lankan exports as a solution to balance the growing trade deficit with India.
Sri Lanka made this request during a discussion with an Indian delegation arrived in the country to discuss trade and investment.
Indian delegation led by S.R. Rao Commerce Secretary, Government of India arrived in Sri Lanka to discuss trade and investment matters with a Sri Lankan delegation led by Dr. P.B. Jayasundera Secretary, Ministry of Finance and Planning and Secretary, Ministry of Economic Development.
2013-06-23
Sri Lanka’s apparel industry is to get a big boost as the world’s largest textile producer, China is exploring possibilities of opening its huge domestic market to the island’s garment exports, an industry heavyweight said.
Secretary General of the Joint Apparel Association Forum (JAAF) M.P. Tuly Cooray told the Business Times that their umbrella body is to enter into an agreement with the China National Garment Association to allow access for Sri Lankan apparel industrialists to penetrate the Chinese domestic market and also set up joint ventures to produce internationally branded products for overseas markets.
A high-powered, 20-member delegation from the Chinese association visited Sri Lanka recently and held preliminary discussions towards signing a Memorandum of Understanding (MOU) enabling Chinese apparel makers and top global retailers to shift their orders to Sri Lanka due to the rising labour cost in that country, he revealed. He noted that they aim to get duty free access for apparel from
2013-06-11
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.
2013-05-26
Ayurveda Expo 2013, the international indigenous healthcare exhibition organised by the National Chamber of Commerce of Sri Lanka (NCCSL) will be held at the BMICH from July 12 -14.
The exhibition is held for the fourth consecutive time in Sri Lanka in collaboration with the Ministry of Indigenous Medicine, Ministry of Industry and Commerce and the Export Development Board.
The objective of the exhibition is to showcase the potential of Sri Lanka's indigenous medical sector and its products and services for the tourism industry.
Ayurveda 2013 Steering Committee Chairman Thilak Godamanna said many Sri Lankan and Indian organisations engaged in indigenous medical product manufacturing and services have already reserved stalls.
He said delegations from Japan, India, Germany, South Africa and China (Shanghai) have confirmed participation in the exhibition.
A Symposium on South Asian Traditional Medicine will be held on July 13 at the same venue, where world-renowned professionals in the sector will make presentations on the latest research findings in the sector.
2013-01-26
The Paperworld International Trade Fair is a specialized fair for office supplies, school supplies, stationery and paper products held annually. It is an important venue for developing new contacts and maintaining existing business relationships for Sri Lankan exporters in the printing and stationery industry. It is well recognized by buyers to source gifts and premium products including Office and School Supplies and Christmas Decorations.
Paperworld 2013, held in January 2013 at Frankfurt, Germany which provided a great opportunity for exhibitors and trade visitors to study and analyze the position of the competitors and global market trends in products and prices. It also provided an insight into innovative and eco friendly products made of environmental friendly materials.
