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Exports grow 11.4% in first half of 2019

2019-07-24/ Source at: Daily FT

Exports grow 11.4% in first half of 2019

Despite global and local challenges, Sri Lanka’s merchandised and service exports have risen by 11.4% to $ 8.5 billion in the first half of this year, prompting the Government to attribute it to a series of development efforts and assure further support. Releasing the latest yet provisional data, Development Strategies and International Trade Minister Malik Samarawickrama said yesterday that export sector performance was commendable, though he admitted there is significant scope for higher value. “The 11.4% growth, despite the impact of the October 2018 undemocratic constitutional coup, and the Easter Sunday tragedy, as well as global challenges, is very satisfactory. For the first time, three months of first half of 2019 - January, March and June - have produced over $ 1 billion worth of merchandised exports. We had originally set an ambitious $ 20 billion target for 2019, but we may miss it and end up at around $ 18.5 billion, which will be still higher than the $ 16 billion achieved last year,” Samarawickrama said.

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EDB exporters’ forums provide relief to businesses

2019-07-12/ Source at: Daily FT

EDB exporters’ forums provide relief to businesses

The Sri Lanka Export Development Board (EDB) has been conducting the Exporters’ Forum since its inception from late 70s. The EDB has identified the need of a common platform to discuss and resolve the issues faced by the exporter community in Sri Lanka in order to facilitate exporters to overcome constraints arising from policy and operational issues created by various institutes that regulate, operate, and facilitate cross border trade. The EDB as the nation’s prime institute to facilitate export development created this mechanism to enable exporters to submit their issues to the highest levels of state institutions that cannot be reached easily by a trader. The unique feature of the Exporters’ Forum is the participation of the private sector and the public sector to resolve issues, with the political leadership represented by the relevant minister together with direct ministry-level interventions providing solutions to address those issues.

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Technology transfer program for ornamental fish sector from 26-28 June at NARA

2019-06-25/ http://www.ft.lk/business/Technology-transfer-program-for-ornamental-fish-sector-from-26-28-June-at-NARA/34-680636

Technology transfer program for ornamental fish sector from 26-28 June at NARA

The Export Development Board together with the National Aquatic Resources Research and Development Agency (NARA), National Aquaculture Development Authority (NAQDA), and the Live Tropical Fish Exporters Association will conduct a three-day technology transfer program from 26-28 June in order to make aware the ornamental fish breeders, producers and exporters about the new developments in the industry.

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23rd Presidential Export Awards Ceremony on 19 September

2019-06-19/ Source at: Daily FT

23rd Presidential Export Awards Ceremony on 19 September

The Sri Lanka Export Development Board (EDB) is planning to hold the 23rd Presidential Export Awards Ceremony under the patronage of President Maithripala Sirisena on 19 September at the BMICH

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UAE, Sri Lanka discuss Expo Dubai 2020

2019-05-17/ Source at: Daily FT

UAE, Sri Lanka discuss Expo Dubai 2020

Transforming Sri Lanka into the hub of the Indian Ocean, with a knowledge-based, highly competitive and social-market economyis the objective of the Vision 2025 policy document of the Government.Making the transistion to anexport, FDI and tourism orientedcountry is the only optionfor Sri Lanka to create better jobs for the youth of our country and to graduate to a higher income economy.

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Sri Lanka's Top Exporters & Investors are discussing the current status of the Country

2019-05-09

Sri Lanka's Top Exporters & Investors are discussing the current status of the Country

As per the instructions of the Hon. Malik Samarawickrama, Minister of Development Strategies and International Trade, Export Development Board organized a meeting with the key Exporters and Investors on Friday 03rd May 2019 at the 3rd Floor Auditorium to discuss the current situation of the country.

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National program to develop 2000 new exporters by the year 2020

2019-03-06/ http://www.ft.lk/business/National-program-to-develop-2000-new-exporters-by-the-year-2020/34-674061

National program to develop 2000 new exporters by the year 2020

The seventh seminar for the Vavuniya, Mullaitivu and Mannar District entrepreneurs on the national program of developing 2000 new exporters was held on 1 March at the Vavuniya district secretariat conference hall.

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Merchandise and service exports up 15% to $ 17 billion in 2018

2019-01-04/ Source at: Daily FT

Merchandise and service exports up 15% to $ 17 billion in 2018

Sri Lanka’s merchandise and service exports in 2018 are estimated to have hit an all-time high of $ 17 billion, up 15% from a year earlier prompting the Government to be confident of achieving the $20 billion milestone this year.

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EDB Presents 22nd Presidential Export Awards

2018-09-21

EDB Presents 22nd Presidential Export Awards

The 22nd Presidential Export Awards Ceremony was held to celebrate the outstanding achievements of the Exporters at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo, on September 18, 2018, under the patronage of His Excellency Maithripala Sirisena the President of Sri Lanka.

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Minister Malik Samarawickrama calls for more exports – the way forward for Sri Lanka

2018-09-20/ Source at: Daily FT

Minister Malik Samarawickrama calls for more exports – the way forward for Sri Lanka

Following is the address by Minister Malik Samarawickrama at the Presidential Export Awardson 18 September 

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Highlights of Sri Lanka-Singapore FTA which makes watershed in Sri Lankan economy

2018-02-06/ http://www.ft.lk/business/Highlights-of-Sri-Lanka-Singapore-FTA-which-makes-watershed--in-Sri-Lankan-economy/34-648827

Highlights of Sri Lanka-Singapore FTA which makes watershed in Sri Lankan economy

On 23 January, Sri Lanka marked a significant watershed in the development of its economy when it signed a Free Trade Agreement (FTA) with Singapore after 18 months of negotiations between the trade negotiation teams of both countries.

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Sri Lanka breeds Arowana (lucky fish) successfully in Polonnaruwa.

2017-12-12

Sri Lanka breeds Arowana (lucky fish) successfully in Polonnaruwa.

For the first time in Sri Lanka, successful captive breeding of Asian arowana (Scleropages formosus) has been recorded in the Polonnaruwa district recently. The species is considered as a high valued ornamental fish in the international market and the local market as well.

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EDB participates in Intergovernmental Group of Experts on E-Commerce and the Digital Economy

2017-10-30/ http://www.ft.lk/it-telecom-tech/EDB-participates-in-Intergovernmental-Group-of-Experts-on-E-Commerce-and-the-Digital-Economy/50-642443

EDB participates in Intergovernmental Group of Experts on E-Commerce and the Digital Economy

Information and communications technologies (ICTs) are playing an increasingly important role in the implementation of the digitalisation of economic activities and trade which can support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalisation and growth of micro, small and medium-sized enterprises, including through access to ICT-enabled financial services.

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World Export Development Forum 2017 kicks off in Hungary today

2017-10-25/ http://www.ft.lk/top-story/World-Export-Development-Forum-kicks-off-in-Hungary-today/26-642182

World Export Development Forum 2017 kicks off in Hungary today

The 2017 edition of the annual World Export Development Forum (WEDF) kicks off today in Budapest, Hungary under the theme ‘Trade – A Force for Good: Include, Innovate, Integrate’.

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EDB RENEWS PARTNERSHIP WITH PUM NETHERLANDS UNDER A LETTER OF UNDERSTANDING (LOU) TO ASSIST EXPORT ORIENTED SME ENTERPRISES

2017-09-08

EDB RENEWS PARTNERSHIP WITH PUM NETHERLANDS UNDER A LETTER OF UNDERSTANDING (LOU) TO ASSIST EXPORT ORIENTED SME ENTERPRISES

The EDB entered into a Letter of Understanding (LoU) with the PUM Netherlands Senior Experts with a view to supporting particularly export oriented Small and Medium Enterprises (SMEs) by obtaining services of PUM experts from mainly Europe in the areas of technology transfer, process improvement, product development, capacity building and training needs.

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Int'l conference on Fisheries, Aquaculture exhibition from August 25 - 26

2015-08-14

Int'l conference on Fisheries, Aquaculture exhibition from August 25 - 26

The second edition of international conference on Fisheries and Aquaculture exhibition 2015 organized by the International Institute of Knowledge Management will be held from August 25 - 26, 2015 at Hotel Galadari.

The conference is co-hosted by World Aquaculture Society, National Aquatic Resources Research and Development Agency and Export Development Board.

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Sri Lanka’s O-Fish surging further upstream

2015-06-04

Sri Lanka’s O-Fish surging further upstream

Sri Lanka’s ornamental fish sector is basking in the glow of international spotlight having bagged many top awards for its diversity-and O-Fish sector is one of highest return on investment sectors, as revealed on 03 June in Colombo.

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Ornamental fish featuring notably in 14 percent export growth

2014-11-10

Ornamental fish featuring notably in 14 percent export growth

Sri Lanka has earned USD 7.34 billion from exports up to August this year, recording a positive growth of 14 per cent when compared to the corresponding period in 2013, said Sri Lanka Export Development Board Chairman cum Chief Executive Officer Bandula Egodage.

Addressing a gathering at the First International Ornamental Fish Trade Conference in Colombo yesterday he said despite many constraints and challenges faced by local exports domestically and internationally, the willingness shown by them to sustain continuous growth was commendable.

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Sri Lanka to double income from ornamental fish exports by 2016

2014-04-10

Sri Lanka to double income from ornamental fish exports by 2016

Sri Lanka has earned over Rs 1.2 billion last year from exporting ornamental fish and measures will be taken to double this income by 2016, the Fisheries and Aquatic Resources Development Ministry says.

Sri Lanka's ornamental fish production had produced over 46,000 metric tons in 2009 and this amount has increased to nearly 70,000 metric tons last year, placing Sri Lanka in the third place in exporting ornamental fishes, according to the Ministry.

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Sri Lanka exports 2% of world’s ornamental fish supply

Sri Lanka exports 2% of world’s ornamental fish supply

Minister of Industry and Commerce of Sri Lanka Rishad Bathiudeen yesterday revealed that Sri Lanka have more than 2% share of the global ornamental fish market which is around US$ 340 million. “We are also now recognised as one of the best ornamental fish suppliers to the international market.”

Bathiudeen was addressing the press briefing held at the Export Development Board (EDB) to announce Sri Lanka’s strong achievements at the AQUARAMA 2013 event in Singapore.

More than 300 competitors from 10 countries, submitting 1,350 entries, were taking part in the highly competitive AQUARAMA 2013 international ornamental fishery event held in Singapore from 28 May to 2 June.

Seventeen Sri Lankan firms, facilitated and sponsored by EDB, competing in the event won 30 awards, which was symbolically re-awarded by Minister Bathiudeen with his praise, yesterday.

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