Sri Lanka's Apex Organisation for Export Promotion
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.
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.
The World Expo is one of the oldest and largest international events taking place every 5 years and lasting for 6 month where everyone can learn, innovate and create progress by sharing ideas and working together through a common theme. United Arab Emirates (UAE) has been selected as the host country for the forthcoming event to be held in year 2020. This World Expo will be held for a period of six months from 20th October 2020 to 10th April 2021 in Dubai under the theme “Connecting Minds, Creating the Future”. The World Expo in Dubai in 2020 will be the first to be held in the MENA & SA (Middle East and North Africa & South Asia Region.
The National Export Strategy (NES) is progressing in the right direction. It has six focused areas and is expected to provide the impetus for the export drive supporting economic growth, Chairperson of the Export Development Board (EDB), Indira Malwatte said.
Sri Lanka needs to make greater efforts to get into the US market using the United States Generalized System of Preferences (GSP) scheme as a tool while ensuring that buyers are aware of GSP, said Dr. Fredrik Leuhusen from the School of Management at the University of California, Los Angeles.
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.
The CIIE is China’s first import expo held at the national level, an innovation in the history of global trade. The first CIIE was held at the National Exhibition and Convention Centre (NECC) and organised by Ministry of Commerce of the People’s Republic of China and Shanghai Municipal People’s Government supported by the World Trade Organization and the United Nations Industrial Development Organisation and organised by the China International Import Expo Bureau and the National Exhibition and Convention Center (Shanghai) Co. Ltd.
Sri Lanka participated in the first China International Import Expo (CIIE) held in Shanghai from 5-10 November 2018.</p
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.
Following is the address by Minister Malik Samarawickrama at the Presidential Export Awardson 18 September
On the 18th of July 2018 at a press conference held at the OZO in Colombo, the Sri Lanka Gem & Jewelry Association announced the launch of the 28th edition of the FACETS International Gem & Jewelry Exhibition.
Being the Strategic Partner of the Sri Lanka Investment and Business Conclave 2018 organized by the Ceylon Chamber of Commerce (CCC) 2018 from 19th to 21st June 2018, the EDB collaborated with CCC in organizing foreign buyers delegation for the event considering the benefits that will accrue to the development of exports through establishment of trade links, creating investment opportunities into the export sectors and image building efforts of the country.
In a fresh bid to enhance exports to China and attract investment, industry professionals gathered for a discussion last week organised by the Sri Lanka-China Business Council (SLCBC) of the Ceylon Chamber of Commerce.
Sri Lanka’s Export Development Board (EDB) has drawn up a new entry strategy for the Chinese market to pre-identify products using an international consultancy firm/consultant, as most of Sri Lanka’s SMEs fail to complete export orders to China.
Sri Lanka has been well known as a high-quality cutting and polishing destination with competitive pricing and still maintains a reputation as one of the best cutting centres for service cutting in the world. Sri Lanka’s lapidary sector consists of cutting and polishing of diamonds and coloured gem stones and the industry plays a vital role in adding value to locally produced and imported gem stones. The value addition per carat in the calibrated stone industry is estimated to vary between 25-30% for imported stones and 40-100% for local stones.
The Gem & Jewellery Industry of Sri Lanka gears for the 28th edition of its premier exhibition, FACETS Sri Lanka 2018, which will be held from 30 August to 2 September at the BMICH.
The Sri Lanka Export Development Board under the directive of the Hon. Malik Samarawickrama, Minister of Development Strategies & International Trade arranged a successful inward delegation from Pakistan following the research done by EDB in 2017 on new opportunities in Pakistan, the 2nd largest economy in South Asia. This mission also focused on maximizing trade under the Pakistan Sri Lanka Free Trade Agreement (PSFTA) to achieve the export earnings of US$ 20 million in 2020.
Sri Lanka Export Development Board (EDB) and Sri Lanka Gem and Jewellery Association (SLGJA) in collaboration with Academy of Design (AOD) launched a One Year Diploma in Jewellery Designing............
The Export Development Board (EDB) organised Sri Lanka’s participation at the 14th China-ASEAN Expo (CAEXPO) in Nanning, China from 12-15 September in collaboration with the Sri Lanka Consulate in Guangzhou.
On a promotional visit to enhance Sri Lanka’s exports to Italian market under EU-GSP+ concessions and the investment potentials, Minister Sujeewa Senasinghe addressed Sri Lanka Business Forum organized by the Embassy of Sri Lanka in Italy, Sri Lanka Consulate in Milan and the EDB, in association with Associazione Italiana Commercio Esterocalled AICE in Milan. This forum was held at the auditorium of AICE on 17th of October where it was attended over 70 potential buyers, importers, investors and the chamber representatives in Milan. AICE in Milan, having more than 70 years of history, has been helping Italian and foreign companies to do mutual business in Italy.
