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Wellness webinar series enlightens stakeholders to the potential of the sector

2020-07-28

Wellness webinar series enlightens stakeholders to the potential of the sector

Bringing the best of Wellness Tourism to a domestic audience, the Sri Lanka Wellness Tourism Association (SLWTA) and the Export Development Board (EDB) concluded its third and final webinar of a tri-part series – Wellness: A New Paradigm in Sri Lankan Tourism, recently. Culminating with its final session on 10 July, a panel of high-profile industry experts comprising of Prof. Lal Chandrasena, GM, Nawaloka Hospitals; Dr. Lakith Peiris, MD, Hemas Hospitals; Dr. Shantha Godagama, President, UK Ayurvedic Medical Association; Dr. Palitha Serasinghe, Founder and Chairman of Setramed UK; Shalin Balasuriya, Co-Founder of SPA Ceylon; shared several exceptional insights, with Trevor Reckerman, Chairman, SLWTA summarising how Sri Lanka can position itself in the global wellness industry, through a well structured national action plan.

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EDB licenses ‘Ceylon Spices’ trademark to preserve originality

2020-07-27

EDB licenses ‘Ceylon Spices’ trademark to preserve originality

To strengthen quality and preserve originality, the Export Development Board (EDB) has kicked-off licencing of ‘Ceylon Spices’ trademark for qualifying producers, processors and exporters of cinnamon, pepper, clove, nutmeg and mace as well as cardamom.

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EDB’s pioneering initiatives to develop the Wellness Tourism industry

2020-07-22

EDB’s pioneering initiatives to develop the Wellness Tourism industry

Sri Lanka’s Wellness Tourism industry received a new impetus when the Sri Lanka Export Development Board (EDB) recognized Wellness Tourism as a thrust sector under the National Export Strategy (NES) 2018-22, as the island has natural and traditional endowments that can be used to develop a sustainable Wellness Tourism industry. Ever since then, the EDB has undertaken ground-breaking initiatives to make Wellness Tourism one of the top income earners of the country.

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EDB webinar on market opportunities in Germany and Europe for electronic and electrical exporters

2020-07-20

EDB webinar on market opportunities in Germany and Europe for electronic and electrical exporters

The Sri Lanka Export Development Board (EDB), with the assistance of the Embassy of Sri Lanka in Germany and the Ministry of Foreign Relations, organised a free webinar on 15 July, on matchmaking and market entry opportunities available for Sri Lankan electronic and electrical sector exporters.

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The bounce is back - Export Performance June 2020

2020-07-18

The bounce is back - Export Performance June 2020

Earnings from merchandise exports rebounded in June 2020 to US $ 906.02 Mn as per the Customs statistics, with the export sector progressively commencing actions following the relaxation of lockdown measures and the recovery of both domestic and global supply and demand chains to some extent.

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National Export Strategy for a prompt COVID-19 recovery

2020-07-17

National Export Strategy for a prompt COVID-19 recovery

The world economy is in partial paralysis. The COVID-19 ripple effect is more than just a recession, it’s causing a global economic shutdown. The virus that initially triggered a supply and demand shock in China spread throughout the world creating shocks that amplified the impact; not just in the flows of trade and tourists, but also in global financial markets...........

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Export Performance – March 2020

2020-04-29

Export Performance – March 2020

According to monthly exports statistics, merchandize export earnings have decreased by nearly 42% to US $ 646 Mn from US $ 1112 recorded in March 2019.

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Exports: A National Priority

2020-04-19

Exports: A National Priority

Following our statement last week, the EDB strengthens our clarion call to understand that exports are now our nation’s number one priority. As the COVID-19 crisis intensifies across the globe, we at the EDB have taken a strong stance and realized that it is the export sector that will get Sri Lanka through this crisis. During these times of unparalleled circumstances, we see a large impact on Sri Lanka’s foreign direct investment, our tourism sector and our country’s overall economic standing. Therefore, we ask other government agencies to recognize and support the export sector during this time. For all exporters, it is imperative to take immediate action. The foreign exchange that we bring in through the export sector is essential in our efforts to survive this crisis as a nation.

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A Clarion Call to Exporters; Commence All Exports!

2020-04-10

A Clarion Call to Exporters; Commence All Exports!

It’s a difficult moment for the world. We are fighting the coronavirus pandemic whilst our nation’s exporters have been facing challenging times for the past two months. The EDB requests that now more than ever, the time has come for us to prepare our businesses to stay up and running. As a nation, we are no stranger to disaster, having faced our fair share of adversity. We are confident that we will weather this storm and as we have done in the past, Sri Lanka will emerge stronger than ever and continue focusing on our main goal - recommencing exports, restoring them to their former level and increasing them.

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EDB cuts 2020 export target by $ 7.75 b on COVID-19 worries

2020-04-06

EDB cuts 2020 export target by $ 7.75 b on COVID-19 worries

Considering the unprecedented disruption to the global economy and trade due to the COVID-19 pandemic, the Export Development Board has revised its 2020 exports forecast by a hefty 42% to $10.75 billion.

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Relief to exporters to overcome covid-19 crisis

2020-03-30

Relief to exporters to overcome covid-19 crisis

The Central Bank on 27th March 2020 announced a series of wide-ranging financial concessions to alleviate the hardships businesses are facing owing to the impact of Covid-19. The concessions are applicable to the entire gamut of organisations ranging from large corporate to self-employed individuals, and particularly to export-related enterprises. The Sri Lanka Export Development Board (EDB) took the initiative in bringing the severity of the crisis situation the business community, particularly the export sector, is facing and the dire need to give relief, to the notice of the Central Bank and other key Government stakeholders.

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EDB Chief calls on Govt. to extend financial moratorium to all exporters

2020-03-24

EDB Chief calls on Govt. to extend financial moratorium to all exporters

The Government should extend the financial moratorium to all exporters, as merchandise exports will be the first to bounce back after the COVID-19 crisis is controlled, a top official said.

“The moratorium on loans and interests that the Government has introduced to the apparel, tourism, IT and SME sectors should be extended to all exporters. Merchandise exports will be the first to recover and help the economy,” Export Development Board (EDB) Chairman Prabhash Subasinghe told Daily FT.

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EDB Continues to Promote Sri Lanka ICT/BPM Products in Japan in 2020.

2020-02-17

EDB Continues to Promote Sri Lanka ICT/BPM Products in Japan in 2020.

If you looking for an opportunity to find business partners such as Cannon, Fujithsu, Hithachi in the Lucrative Japanese market? Or are you thinking on how to invade into the Japanese Market. If so, never to miss this opportunity. EDB is calling for the applications from the companies with the cutting edge technologies to join it’s delegation to Japan IT Week 2020 from 8th -10th April 2020.

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Automobile Component Manufacturing Industry to link to the Global Value Chain

2020-02-13

Automobile Component Manufacturing Industry to link to the Global Value Chain

The global trading environment is evolving rapidly with numerous developments in global production networks and global value chains. These developments are a result of product fragmentation; cross boarder dispersion of components and production/assembly. Each country specializes in a particular stage of production sequence and trades the value added components which ultimately results in the final product.

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Export promotion efforts doubled by EDB in 2019

2020-02-13

Export promotion efforts doubled by EDB in 2019

Sri Lanka doubled its export promotion efforts last year in comparison to 2018, enabling the private sector, especially the small and medium segment, to succeed amidst growing competition and other challenges.

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EDB Chief wants export boom to be everyone’s priority

2020-01-31

EDB Chief wants export boom to be everyone’s priority

Export Development Board (EDB) Chairman Prabhash Subasinghe yesterday urged that boosting exports must be everyone’s priority, as the key agency set an ambitious yet achievable target of $ 18.5 billion this year, up by 15% from 2019. EDB revealed that as per provisional data, last year Sri Lanka’s total merchandise and service exports amounted to $ 16.14 billion up by 1.44% from 2018. The composition was merchandise exports were $ 11.9 billion, up 0.13% and service exports were $ 4.2 billion, up by 5.3% from 2018. EDB originally targeted $ 18.5 billion exports for 2019, and the estimated performance reflects achievement of 87% of the goal.

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Sri Lankan Electronics and Electrical Sector Excels at Productronica 2019 in Germany

2019-12-03

Sri Lankan Electronics and Electrical Sector Excels at Productronica 2019 in Germany

“Participation of an international exhibition/fair of this magnitude can undoubtedly give us lot of exposure in terms of new leads, competitors & collaboration possibilities” said, Mr. Sumedha Rubasinghe, Founder, CEO – of Entgra (Pvt) Ltd.

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Sri Lankan firms secure fruitful results at China International Import Expo

2019-11-27

Sri Lankan firms secure fruitful results at China International Import Expo

The Export Development Board (EDB), in collaboration with the Sri Lanka Consulate General in Shanghai, facilitated Sri Lanka’s participation in the second China International Import Expo (CIIE) held in Shanghai, China from 5-10 November.

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Lankan FinTech companies participate in Singapore Fintech Festival 2019

2019-11-19

Lankan FinTech companies participate in Singapore Fintech Festival 2019

Funded by the Economic Diplomacy Program of the Ministry of Foreign Affairs, 12 Sri Lankan FinTech companies participated in the Singapore Fintech Festival (SFF) 2019 following a successful project proposal submitted by the Sri Lanka High Commission in Singapore. This is the first occasion that Sri Lanka participated at the Festival.

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Sri Lanka’s first ever participation at Grocery Innovation Canada (GIC) 2019

2019-11-13

Sri Lanka’s first ever participation at Grocery Innovation Canada (GIC) 2019

Sri Lanka Export Development Board organized an Export Promotional Mission to Toronto in Canada from 20 to 23 October 2019 in collaboration with the Sri Lanka Consulate in Toronto. The Ministry of Foreign Affairs of Sri Lanka partnered under the Economic Diplomacy Program (EDP) which enabled to organize Sri Lanka Pavilion at GIC in successful manner.

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