Export Market diversification is one of the strategies that the EDB has identified to increase Sri Lanka’s export. Considering Sri Lanka’s present export market concentration mainly to USA and European countries and the importance of the emerging economic power of Asia the Philippines is one of the countries identified to promote our products.
Philippine is 12th most populous country in the world over 100 Mn. population. The GDP growth was 7% in 2013. Also it is an member of ASEAN and only the ASEAN member receiving EU GSP+ facility. This will provide market access opportunity for Sri Lanka.
The medicinal and cosmetic benefits of essential oils derived from a host of herbal, spice and flowering plants that are grown widely in Sri Lanka, has been a long kept secret that found its way to the rest of the world through spice trading merchants of Western Asia.
Today spice suppliers in Sri Lanka produce a range of essential oils through distillation of leaves, bark, roots and flowers to derive the oils and essence trapped inside. Among a large number of essential oils produced in Sri Lanka, a dozen or more are favored by aromatherapists and Ayurveda specialists who believe in the curative powers of these oils;
The General President of Turkey Industrialists Businesswomen and Businessmen Confederation, Nezaket Emine Atsoy met Mrs. Indira Malwatte, the Chairperson & Chief Executive and the Directors of the Sri Lanka Export Development Board (EDB) during their visit to Sri Lanka from 7th to 11th November 2016. Ms. Astoy is the Chairperson of the Confederation which has got a worldwide network consisting of key leaders in various sectors and decision makers of the concerned countries.
Is the time ripe for Sri Lankan tea exporters to make a shift away from bulk tea to value added packed at the source tea, Specialty Teas, and Artisan Teas?
Specialty teas or artisan teas have been a well-kept secret in the Sri Lankan tea sector. Produced in small quantities and traded among select circles of tea connoisseurs, who have a taste for rare tea flavors, Ceylon Specialty Tea includes niche segments of local tea industry that produce white tea, fair trade organic tea, single estate loose leaf tea as well as flavored dessert teas.
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.
To achieve strong growth Sri Lanka has put in place a multifaceted framework to encourage business and get access to key markets around the world, said a top official at an international forum.
The entire spectrum of economic changes planned by the Government to boost growth was outlined by Development Strategies and International Trade Minister Malik Samarawickrama at the inauguration of the World Export Development Forum (WEDF) on Wednesday. Given below is the full speech delivered by the Minister.
It is a great pleasure indeed to welcome all participants to the 16th World Export Development Forum (WEDF) 2016, and at the outset permit me to thank the individuals and institutions whose untiring efforts have enabled this forum to take place in Sri Lanka.
A bell ringing ceremony was held at Colombo Stock Exchange yesterday to raise awareness about International Trade Centre’s (ITC) ‘SheTrades’ initiative, which seeks to connect one million women entrepreneurs to markets by 2020.
The event was held in parallel with the World Export Development Forum (WEDF), organised by ITC in collaboration with Sri Lanka Export Development Board.
A robust trade agenda is essential for Sri Lanka to leapfrog competitors, believes International Trade Centre (ITC) Executive Director Arancha González, who is in Colombo to attend the World Export Development Forum (WEDF) sessions today that will also focus on SMEs and foster direct engagement between businesses.
ITC is the joint agency of the United Nations Conference on Trade and Development and the World Trade Organization. Gonzalez is in Colombo this week to meet with key Government officials and attend the sessions of the WEDF on Wednesday and Thursday. The forum has been billed as one of the largest trade promotions forums to date with hundreds of local and foreign companies participating in nearly 3,000 “speed dating” sessions during the next two days.
The much anticipated 16th edition of the World Export Development Forum (WEDF) is held at the BMICH from 12th to 13th of October 2016. The forum represents a momentous occasion for all those who intend to explore the new trade and development landscape and identify the current and emergent trade opportunities & trends.
In recognition of a lifetime of dedication, underpinned with a bold vision and a strong sense of integrity, Indira Malwatte is awarded TheWIFTS Foundation Lifetime Achievement Award 2016 (Business). Her groundbreaking appointment and mandate as the first woman to serve as the Chairperson and Chief Executive of the Sri Lanka Export Development Board (EBD) is to stimulate Export Development and International Trade. The EBD is the apex institution vested with national responsibility for Export Development across Sri Lanka.
TheWIFTS Foundation International Visionary Awards 2016 was held at the Millennium Hotel in London UK among a distinguished gathering of international women achievers on the 2nd of July. The Women’s International Film and Television Showcase (TheWIFTS) is an organization dedicated to bringing women together from all walks of life through the art form of film and television, business, the humanities and the environment.
In recognition of a lifelong career, Indira Malwatte, chairperson and chief executive of the Sri Lanka Export Development Board (EDB) has been awarded TheWIFTS Foundation Lifetime Achievement Award 2016 (Business). The Women’s International Film & Television Showcase (TheWIFTS) made the announcement today. Sri Lanka atteneded the Cannes International Film festival for the first time in 2016, as part of the country’s push to promote export services through the EDB. The award will be presented Saturday, July 2, at the Millennium Hotel in Mayfair, London. For more information about the 2016 honorees and the event
Sri Lanka has been known for exquisite jewellery designs made with gold and silver and decorated with precious gems for nearly three thousand years.
Country's most famous political prisoner of all times, Robert Knox, observed that many women in ancient Sri Lanka at least owned one piece of exquisitely made gold or silver jewellery adorned with a precious stone.
Gold and silver jewellery plays a larger part in Sri Lankan culture, they are an essential part of a local bride's trousseau regardless of her economic and social standards and is among the first of the investments parents make for their daughters.
The search for a colourful precious gemstones is a struggle between life and death to many gemstone miners in Sri Lanka, who risk their lives deep inside the gem pits in search of the precious bounties of the earth. The earth’s greatest concentration of gems in over 50 varieties is found within the country’s land area of approximately 25,000 square miles.
Mining for gem stones is a group attempt in Sri Lanka, where a group of miners combine effort with a landowner and an investor to search for that one gemstone that would fetch them an earth shattering price.