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2020 marks a successful year for Sri Lanka exports

2021-01-20

2020 marks a successful year for Sri Lanka exports

The US$ 13.5 billion export target set for merchandise export sectors in early 2020 remains challenging, requiring not only strong efforts from local enterprises, but also the recovery of global demand amid complicated Covid-19 situation. Amid severe impacts of the Covid-19 pandemic, Sri Lanka’s merchandise exports remain at US$ 9.9 billion in 2020, which is a 104 % achievement from the revised forecast of US$ 9.5 billion.

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MRIA begins fish exports

2021-01-11/ Daily News

MRIA begins fish exports

The SkyUp Airlines PQ-555 outward flight to Ukraine carried 658.5kg fish and seafood from the Mattala Rajapaksa International Airport (MRIA) on January 8. This fish and seafood exports comprised edible Tuna, prawns and mullets.

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Export Performance – November 2020

2020-12-24

Export Performance – November 2020

As per the Customs statistics, earnings from merchandise exports recorded a negative growth of 20.97% in November 2020 to US$ 747.58 Mn as compared to the value of US$ 978.80 Mn recorded in November 2019 due to the adverse impact of 2nd wave of Covid 19 pandemic within the country and globally. Reduction recorded in October exports due to the C19 outbreak in Sri Lanka which has had a direct impact on our manufacturing and export facilities also continued in November 2020.

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EDB successfully completes capacity-development webinar series for exporters and SMEs in 2020

2020-12-24

EDB successfully completes capacity-development webinar series for exporters and SMEs in 2020

The Sri Lanka Export Development Board (EDB) last week successfully completed its 30 th capacity-development webinar session to the exporter community and SMEs. Due to the current COVID-19 pandemic situation of the country, the EDB could not carry out its conventional capacity development programmes such as workshops and seminars, due to the health regulations imposed on people-gathering activities.  As an alternative method, online sessions were conducted to enhance the capacity and knowledge of exporters and SMEs in Sri Lanka.

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Embassy of Sri Lanka in Moscow conducts awareness webinar on Ceylon Cinnamon

2020-12-24/ Daily FT

Embassy of Sri Lanka in Moscow conducts awareness webinar on Ceylon Cinnamon

The Embassy of Sri Lanka in the Russian Federation with the support of the Sri Lanka Export Development Board organised an awareness webinar and provided the essential unique information about Ceylon Cinnamon to the Russian Spices importers and wholesalers, highlighting the differences between the only true cinnamon in the world and other varieties of cinnamon presented today in the Russian market.

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A Collaborative Virtual Workshop on Advanced Technology and Smart Manufacturing for The Rubber Product Industry

2020-12-22

A Collaborative Virtual Workshop on Advanced Technology and Smart Manufacturing for The Rubber Product Industry

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) and Plastic and Rubber Institute of Sri Lanka (PRISL) organized a two (2)-day virtual workshop on advanced technology and smart manufacturing to upgrade the knowledge of the industry on technological advancements in the global rubber industry by obtaining the services of local and international technical experts on 18th & 19th December, 2020. This was the third such workshop organized as a follow up to the past workshops in 2018 and 2019 on product Innovation, technology and R&D for the Sri Lankan tyre manufacturing industry.

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Newly appointed EDB Chairman Suresh de Mel assumes duties

2020-12-14

Newly appointed EDB Chairman Suresh de Mel assumes duties

Suresh de Mel, a well-known entrepreneur, assumed duties as the new Chairman of the Sri Lanka Export Development Board (EDB) yesterday (December 14). He succeeds the outgoing EDB Chairman Prabhash Subasinghe who ended his one-year tenure early this month.

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Korean entrepreneur wins business rights for cable car project in Sri Lanka

2020-11-27

Korean entrepreneur wins business rights for cable car project in Sri Lanka

A Korean entrepreneur has won the business rights to a cable car project in Sri Lanka’s Kandy home of the Temple of the Tooth Relic, which is one of the most sacred Buddhist sites in the world.

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Webinar and Networking Session between Sri Lanka and Turkey to enhance bilateral trade, tourism and investment

2020-11-24

Webinar and Networking Session between Sri Lanka and Turkey to enhance bilateral trade, tourism and investment

Embassy of Sri Lanka in Turkey and the Sri Lanka Export Development Board (EDB) jointly organized a Webinar and Business Networking Session last week in collaboration with the Turkish Economic Relations Board (DEIK). More than 85 participants attended the webinar.

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Highlights Of The Budget 2021 & Impact On The Export Sector

2020-11-19

Highlights Of The Budget 2021 & Impact On The Export Sector

The export development board is pleased to see an export focused budget which will support strong export growth led by investment, value addition and maximizing our Sri Lankan natural resources, this is a pivotal change in Sri Lanka’s growth strategy which will be led by the exporters.

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Sri Lanka to receive same benefits of EU GSP+ for UK from 2021

2020-11-14

Sri Lanka to receive same benefits of EU GSP+ for UK from 2021

Since the UK is the main market for Sri Lanka’s exports to the EU region and the second largest export market after the USA, it is important for Sri Lanka to receive the same tariff preferences it was enjoying prior to Brexit when trading with the UK in the post Brexit period.

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Export Performance – October 2020

2020-11-13

Export Performance – October 2020

As per the Customs statistics, earnings from merchandise exports recorded a negative growth of 14.9% in October 2020 to US$ 831.72 Mn as compared to the value of US$ 977.3 Mn recorded in October 2019. This poor performance is due to the adverse impact of 2nd wave of Covid 19 pandemic within the country and globally.

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EDB intensifies online export promotions

2020-11-11

EDB intensifies online export promotions

Due to the difficulties of organizing physical export promotion programmes during this pandemic situation, the Sri Lanka Export Development Board (EDB) in collaboration with Foreign Ministry and the Sri Lankan Missions overseas has initiated online sessions to enable foreign buyers and Sri Lankan exporters meet via virtual platforms with the objective of creating trade linkages between Sri Lanka and the rest of the world, as it is imperative to sustain the nation’s export promotional activities in spite of severe challenges caused by COVID-19.

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Virtual access to the China Market for Sri Lanka Exporters enabled during CIIE 2020

2020-11-06

Virtual access to the China Market for Sri Lanka Exporters enabled during CIIE 2020

A Memorandum of Understanding (MOU) was signed on 6th November 2020 between the Sri Lanka Export Development Board and COFCO Womai Investment Co., Ltd to establish an online National Exhibition Hall to promote Sri Lanka’s export products in the www.womai.com e-commerce platform as a parallel activity to the Sri Lanka’s participation at the 3rd China International Import Expo (CIIE) 2020. CIIE 2020 will be held from 5th to 10th of November at the National Convention Center, Shanghai, China with the intention to expand the access to the Chinese market.

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EDB sounds alarm on resurgence of COVID in key markets

2020-11-05

EDB sounds alarm on resurgence of COVID in key markets

The Export Development Board (EDB), expressing its concern about the resurgence of COVID-19 in main markets, has called on the private sector to plan and prepare as it is threatening to impact trade once again.

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Exports a billion dollars for the 3rd time in 2020 - Export Performance in September 2020

2020-10-13

Exports a billion dollars for the 3rd time in 2020 - Export Performance in September 2020

Sri Lanka’s merchandize exports have surpassed the $ 1 billion mark in September after July during this year. Export Development Board (EDB) Chairman Prabhash Subasinghe said, “I am extremely pleased to see $1 Billion of exports in September.

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EDB targets over USD 13 b export income this year

2020-09-27

EDB targets over USD 13 b export income this year

The revised export target of the Export Development Board for 2020 is US$ 13.39 billion and of that we expect US$ 9.57 billion from merchandise exports and US$ 3.82 billion from services exports, EDB Chairman Prabhash Subasinghe said. He said the EDB has presented 11 project proposals for the 2021 Budget while continuing the National Export Strategy to develop a vibrant export industry.

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Sri Lanka Export Development Board proposes export stimulus reward scheme for exporters

2020-09-25

Sri Lanka Export Development Board proposes export stimulus reward scheme for exporters

The commendable performance of Sri Lankan exporters and the resilience shown during an unprecedented COVID 19 pandemic is to be rewarded by the Sri Lanka Export Development Board, of the Ministry of Trade, through a proposed export stimulus Reward Scheme.

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President led first Export Development Council kicks off new initiatives

2020-09-24

President led first Export Development Council kicks off new initiatives

The first meeting of the Export Development Council (EDC) was held yesterday under the patronage of President Gotabaya Rajapaksa, focused on resolving issues related to exports in tandem with the National Export Strategy (NES) to be a game-changer in the post-COVID-19 economic transformation of Sri Lanka.

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E-commerce Readiness Assessment Report Sri Lanka launched

2020-09-22

E-commerce Readiness Assessment Report Sri Lanka launched

E-commerce Readiness Assessment Report Sri Lanka was launched by the Commonwealth Secretariat (COMSEC) in collaboration with the Sri Lanka Export Development Board (EDB). The report is the result of a request by the EDB in 2018 for technical assistance from COMSEC to conduct an e-readiness assessment for Sri Lanka and undertake capacity-building programmes on e-commerce for SMEs and women entrepreneurs. The project was funded by COMSEC through the Commonwealth Fund for Technical Cooperation (CFTC). The publication comes at a time when businesses in Sri Lanka were compelled to exploit e-commerce mechanisms in the wake of lockdowns and travel restrictions due to COVID-19.

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