The US$ 13.5 billion export target set for merchandise export sectors in early 2020 remains challenging, requiring not only strong efforts from local enterprises, but also the recovery of global demand amid complicated Covid-19 situation. Amid severe impacts of the Covid-19 pandemic, Sri Lanka’s merchandise exports remain at US$ 9.9 billion in 2020, which is a 104 % achievement from the revised forecast of US$ 9.5 billion.
Since the UK is the main market for Sri Lanka’s exports to the EU region and the second largest export market after the USA, it is important for Sri Lanka to receive the same tariff preferences it was enjoying prior to Brexit when trading with the UK in the post Brexit period.
A webinar was held between the Sri Lanka High Commission and some tea importers in Pakistan on the 14th of July 2020 to exploit the market for Sri Lanka. The following observations were emphasized during the webinar;
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.
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.
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.
The Sri Lanka Export Development Board (EDB) organised a business seminar recently with the objective of increasing awareness among Sri Lankan exporters on the Central European market and to create business linkages with the supermarkets, retailers and buying agents in Poland.
The Embassy of Sri Lanka in Brasília, under the Economic Diplomacy Program initiated by the Ministry of Foreign Affairs and with the patronage of the Department of Commerce, the Export Development Board, the Coconut Development Authority, and the Sri Lanka Tea Board, held a trade promotional program in the State of Minas Gerais from 15 to 17 October.
Sri Lanka yesterday launched the official website announcing the country’s participation in the six-month long Expo 2020 Dubai, anticipating a major boost to exports, tourism and investments while looking to enhance the country’s brand value and image globally.
Indira Malwatte, Chairperson & Chief Executive of EDB and the Commissioner General of Sri Lanka for Expo 2020 Dubai together with the private sector stakeholders; Secretary Generals of the National Chamber of Exporters and National Chamber of Commerce of Sri Lanka, Shiham Marikkar and Bandula Dissanayake and the Co- Chair Planning Sub Committee of Expo 2020 Dubai, Fazal Mushin met Ahmed Ali Ibrahim Al Mualla, the ambassador for UAE in Sri Lanka this week at the embassy premises to further strengthen Sri Lanka’s commitment in participation at Expo 2020 Dubai and to review the progress made so far.
Mahela Jayawardena and Kumar Sangakkara - two of the most iconic cricketers produced by the country has come on board as Sri Lanka’s Brand Ambassadors for Expo 2020 Dubai organized by the Sri Lanka Export Development Board (EDB) as a public private cooperation project .
In a bid to strengthen the bilateral trade relationship between Poland and Sri Lanka, LOT Polish Airlines will accompany a trade delegation to Colombo from Warsaw.
The 23rd Presidential Export Award Ceremony (PEA) organized by the Sri Lanka Export Development Board (EDB) was successfully held on 19th September 2019 under the patronage of His Excellency the President of Sri Lnaka at the Bandaranaike Memorial International Conference Hall (BMICH), Colombo with the participation of the large number of exporters. The award winners were presented a prestigious PEA Trophy and a Certificate & they have the privilege to use the “Award Logo” as a marketing tool for a 3 year period.
The 23rd Presidential Export Award Ceremony organized by the Sri Lanka Export Development Board (EDB) will be held on Thursday 19th September 2019 at the Bandaranaike Memorial International Conference Hall (BMICH) under the patronage of His Excellency the President of Democratic Socialist Republic of Sri Lanka.
Sri Lanka’s participation at Expo 2020 Dubai is set in a spectacular manner to ensure the strengthening of the country’s trade, tourism, and investments. The Sri Lanka Export Development Board plays a critical role, together with private and state organisations, to landmark Sri Lanka’s presence at this global event.
The Sri Lanka Export Development Board (EDB) is implementing a national programme to nurture 2000 new entrepreneurs to become exporters during the period 2017 - 2022 at regional level. The main objective of this programme is to encourage domestic enterprises to invest in export industries to achieve the overall export target of US $ 28 billion in 2022. Accordingly, the EDB has initiated integrated product and market development programmes for export potential SMEs, already registered with “2000 New Exporters Development Programme” to be developed as exporters in 2017-2022.
The Sri Lanka Export Development Board (EDB) in association with the National Research Council (NRC) held an awareness session on the NRC’s Public-Private Partnership (PPP) Programme on 29th July, 2019, at the EDB Auditorium targeting the exporter community. The aim of the session was to educate exporters about the modalities of the PPP programme.