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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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Sri Lanka looks for more partnerships with UAE

2019-07-23

Sri Lanka looks for more partnerships with UAE

A delegation led by Hon. Nalin Bandara, Deputy Minister of Development Strategies & International Trade comprising officials from both the public and private sector visited United Arab Emirates (UAE) and met several important trade partners in the UAE. The delegation had very fruitful discussions with the Dubai Chamber of Commerce & Industry, Sharjah Chamber of Commerce & Industry as well as Al-Maya Group and the Lulu Supermarket International.

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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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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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National Program to develop 2000 new exporters by the year 2020 Ratnapura District entrepreneurs awareness seminar and Technology exhibition

2019-06-10

National Program to develop 2000 new exporters by the year 2020 Ratnapura District entrepreneurs awareness seminar and Technology exhibition

The Eighth seminar for the Ratnapura District entrepreneurs on the national program of developing 2000 New Exporters was held on June 07, 2019 at the Kethumathi Hotel, Ratnapura,

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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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Sri Lanka’s participation at the EXPO 2020 DUBAI - 20th October 2020 to 10th April 2021 in Dubai, United Arab Emirates

2019-02-27

Sri Lanka’s participation at the EXPO 2020 DUBAI - 20th October 2020 to 10th April 2021 in Dubai, United Arab Emirates

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.

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EDB mulls export expansion in US market

2019-02-12/ http://www.dailynews.lk/2019/02/12/business/177217/edb-mulls-export-expansion-us-market

EDB mulls export expansion in US market

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.

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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 organized an Inward Buyer Delegation from Japan

2018-12-05

EDB organized an Inward Buyer Delegation from Japan

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in Japan organized an Inward Buyer Delegation from Japan, from 3rd to 5th December 2018 with the objective of developing business linkages between Sri Lankan companies and the Japanese buyers as well as to increase awareness among Sri Lankan exporters on the Japanese market.

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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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My biggest problem today is insufficiency of waste material

2018-08-06

My biggest problem today is insufficiency of waste material

Sagara Ranga Liyanage, Managing Director of Earth Bond Creations, a company earning foreign exchange by turning waste into finished products, in a country where waste management has become a social issue.

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EDB awareness program for Southern Province entrepreneurs to establish 2000 exporters by 2020

2018-05-16/ http://www.ft.lk/business/EDB-awareness-program-for-Southern-Province-entrepreneurs-to-establish-2-000-exporters-by-2020/34-655151

EDB awareness program for Southern Province entrepreneurs to establish 2000 exporters by 2020

Sri Lanka Export Development Board organised an awareness program for the entrepreneurs of the Southern Province on the national program to establish 2,000 new exporters. The program was held at the Sanaya Hotel, Matara on Friday, 11 May.

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Thailand Week Trade Fair opens investment and development opportunities for Sri Lanka

2018-03-10/ http://www.ft.lk/front-page/Thailand-Week-Trade-Fair-opens-investment-and-development-opportunities-for-Sri-Lanka/44-651006

Thailand Week Trade Fair opens investment and development opportunities for Sri Lanka

The Thailand Week Trade Fair kicked off 09-03-2018, opening many investment and development opportunities for Sri Lanka. The second edition is taking place at the BMICH and will go on till 11-03-2018.

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Rattan Craft to intensify handicraft exports

2018-02-08/ http://dailynews.lk/2018/02/08/business/142213/rattan-craft-intensify-handicraft-exports

Rattan Craft to intensify handicraft exports

Sri Lanka is a fertile ground for handicraft artisans.  It is no secret that the creations of their hands are invincible in the world...........

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State Minister of International Trade Sujeewa Senasinghe addressed GSP+ Sri Lanka Business Forum in Milan

2017-10-31

State Minister of International Trade Sujeewa Senasinghe addressed GSP+ Sri Lanka Business Forum in Milan

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.

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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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Large Lankan private sector delegation at WEDF in Budapest

2017-10-28/ http://www.ft.lk/front-page/Large-Lankan-private-sector-delegation-at-WEDF-in-Budapest/44-642324

Large Lankan private sector delegation at WEDF in Budapest

Central Europe’s first ever World Export Development Forum (WEDF) in Hungary this week has drawn a large Sri Lankan private sector delegation put together by the Export Development Board.

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