The Sri Lankan Government has joined forces with the European Union in embarking on a four-year, 8 million Euro (Rs. 1.3 billion) project, geared towards increasing Sri Lanka’s trade competitiveness in regional and European markets.
The project will be implemented by the International Trade Centre (ITC) and United Nations Industrial Development Organisation (UNIDO) in collaboration with the Sri Lankan Department of Commerce.
Meanwhile, a steering committee co-chaired by the Ministry of Policy Planning and Economic Affairs and the Delegation of the European Union will provide overall direction to the project. Competent national level agencies and apex business entities will also support work-plan development and implementation of activities.
Sri Lanka Export Development Board (EDB) and the Janatha Estates Development Board (JEDB) has brought together synergies and resources of both organisations for attracting local investors to set up Commercial Agriculture Projects in underutilised and unutilised lands available in JEDB Estates. The private sector, particularly the export community hails this initiative in the backdrop of declining country’s exports.
A delegation from China led by Sui Zhong Cheng, Vice Governor of Jilin Province consisting of 33 officials and entrepreneurs from that province visited the BOI with the purpose of exploring avenues for trade and investment.
The delegation was welcomed by Upul Jayasuriya BOI Chairman and Duminda Ariyasinghe Director General Indira Malwatte, Chairperson of the Export Development Board was also present. BOI had organized a roundtable conference where the high powered delegation from China met senior officials of the BOI and Export Development Board.