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 delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) together with the Export Development Board (EDB) organised the first-ever Sri Lankan pavilion at the world’s leading boat exhibition ‘Boot Show’ in Dusseldorf, Germany.
Mr.Prabhash Subasinghe, the newly appointed Chairman of the Sri Lanka Export Development Board (EDB), met with the nation’s leading apparel exporters last Friday (17th) at the board premises.
The total value of merchandise exports of the country for first 11 months of 2019 was recorded at US$ 10.7 Bn according to the provisional statistics. This is a US$ 180 Mn increase in value and a 1.7% growth when compared to the similar period of the previous year.
Prabhash Subasinghe, Chairman & Chief Executive, EDB, met with the country’s leading exporters yesterday at the Board premises. Twenty-five exporters covering the country’s main export sectors attended this meeting.
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 wellness pavilion at the World Travel Market (WTM) 2019 was formally inaugurated with the ribbon-cutting and opening ceremony attended by H.E the High Commissioner of the Sri Lanka High Commission in UK, Sri Lanka Tourism Promotion Bureau, Sri Lanka Export Development Board and representatives from the participating companies of the Sri Lanka’s Wellness Tourism Industry.
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.