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.
2019-11-14The 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.
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 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 good news is in. The perseverance of the incumbent government of Sri Lanka in negotiating with EU to have GSP Plus Concessions reinstated are eventually paying off. The European Commission, the executive body of the European Union, has proposed that Sri Lanka is eligible to receive GSP Plus Concessions. Once it’s
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.
With a specialised knowledge and improved awareness, apparel manufacturers makes nearly 90% of the apparel industry in Sri Lanka and joint ventures between local garment manufacturers and international fashion houses accounts for almost three quarters of the garment manufacturing facilities in the country.
While Sri Lankan apparel manufacturers have long being producing latest of designs for leading fashion houses like Ann Taylor, Banana Republic, C&A, Calvin Klein, Chantelle Group, Columbia, Gap, Gloria Vanderbilt, Intimissimi, Lands’ End, Marks & Spencer, Next, Old Navy, Polo Ralph Lauren, Sainsbury, The Limited, and Victoria’s Secret, a number of local fashion designers, produced by local design academies are creating their own niche in global fashion scene.
Leading a local movement to establish a new fashion trend that embraces the Sri Lankan heritage, a group of young fashion designers are creating unique designs in high street fashion, haute couture and sports wear for local and global market.
Sri Lanka's bold initiative in promoting value against volume in a highly competitive global market succeeded in earning the country an export revenue of nearly Rs. Five billion through garment exports in the last year, placing the local fashion and garment industry as the top foreign revenue earner over traditional exports like Tea, coconut and tourism.
After the discontinuation of global quota system in apparels in the year 2005, Sri Lankan garment manufacturers came up with a clever placement of Sri Lankan apparel trade as the most ethical source of garment manufacturing in the world.
Having built itself a global reputation for environment sustainable and labour friendly practices, Sri Lankan apparel manufacturers are seeking to infuse local designs, material and fabrics in to the production of fashion apparels for global market, in an ambitious attempt to develop Sri Lanka in to an Asian fashion giant.