Tunisia, the fifth phosphate producer in the world and a high end, high speed apparel supplier to European fashion world is showing a new opening for Lankan apparel supply chains. And Tunisia is agog over Sri Lanka’s growth rates. “We are almost taken up by your strong GDP growth rates that exceed 6%. I congratulate Sri Lanka for its spectacular growth.
hen you specially compare with the world economic growth rate, it’s such a leading rate” said Tarek Azouz, Ambassador of Tunisia to Sri Lanka on Wednesday (10).
Azouz was addressing Rishad Bathiudeen Minister of Industry & Commerce during his courtesy call on Minister Bathiudeen at EDB premises in Colombo. Also present along with Minister Bathiudeen were Anura Siriwardena Secretary, Ministry of Industry and Commerce and Bandula Egodage Chairman, Export Development Board and officials from the Department of Commerce.
“Today is an important day in Sri Lanka’s exports sector. We are appointing the Advisory Committees of Sri Lanka’s premier national exports organization, the EDB, and also launching the next international mega event in our exports calendar which is the ‘EXPO 2014” said Minister Bathiudeen, and added: “The global markets continue to show changing demand patterns, not only due to the recent global economic crisis but also as a result of long term fundamental changes in overall global consumption and shifting world market patterns. For example, 66% of the world market and population growth in the next century is expected to come from Africa."
Sri Lanka has to build capacity opportunities to be a processed food exporter, taking a cue from developments that occurred in East Asian nations such as Thailand and Vietnam, an Australia-based economist said.
Prema-chandra Athukorale, professor of economics at Australian National University said in Thailand 23 percent of non-oil exports were processed foods and in Vietnam it was 27 percent and in Sri Lanka only 5.0 percent.
He said global food habits were changing and there were opportunities for Asia food exporters.
The High Commission of Pakistan in Sri Lanka in association with the Trade Development Authority of Pakistan (TDAP), formally launched The EXPO Pakistan 2013- Opportunities Unlimited on 24 June, 2013 in Colombo.
Minister for Industries and Commerce of Sri Lanka, Rishad Bathiuddin graced the occasion as the Chief Guest and jointly inaugurated the event, with the High Commissioner of Pakistan, Maj Gen Qasim Qureshi (Retd).
Chairman Export Development Board of Sri Lanka, Bandula Egodage, representatives of the main chambers of Sri Lanka i.e. Ceylon Chambers, National Chambers of Industries, Federation of Chambers of Commerce, Women Chamber of Sri Lanka and the members of Sri Lanka-Pakistan Business Council, along with major business houses such as Aitkens Spence, Ceylon Biscuit Limited, Akbar brothers, Calico, CW Mackie, Haleys, Macksons, Eswaran Brothers, Packages Lanka, Hands Logistics and Tunip Lanka attended the ceremony.
Japan’s ITOCHU Corporation will help further strengthen Japan-Sri Lanka trade ties under which investments are to be for expanding the island’s banana and tuna fishing industries and greater export opportunities will be provided for products.
Kouhei Watanebe, Chairman , the Japan - Sri Lanka Business Co-operation Councial and advisor to ITOCHU corporation said this when he and the corporation’s representatives met Economic Development Minister Basil Rajapaksa at the ministry office on Tuesday June 25.
“In 2012, 26% of total food and beverages exports were processed foods, at $ 73.4 million.
Our overall processed food exports which stood at $ 67.1 million in 2010 rose to a strong $ 95 million in 2011,” said Minister of Industry and Commerce, Rishad Bathiudeen at the launch of the first International Food Safety and Compliance training sessions for Sri Lanka’s food exporters by Associate Professor of the Department of Food Science and Human Nutrition of the Washington State University, Food Scientist, Dr. Barbara Rasco, were held at the Ministry of Industry and Commerce.
The pioneering session was organised by the Sri Lanka Food Processors’ Association and the Ministry of Industry and Commerce with the Spice Council and VEGA-FEG. The sessions were held from June 11 to June 21.
For the first time in Sri Lanka’s exports history, on June 11, a renowned global food scientist began to extensively train Lankan food exporters on the much needed international regulatory compliance rules.
Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka said that processed food has grown to become a key component of Sri Lanka’s overall annual food exports. In 2012, 26% of total food and beverages exports were processed foods, at $ 73.4 Mn. Sri Lanka's overall processed food exports which stood at $ 67.1 Mn in 2010 rose to a strong $ 95 Mn in 2011 added the Minister.
For the first time in Sri Lanka’s exports history, a renowned global food scientist began on June 11 to extensively train Lankan food exporters on the much needed international regulatory compliance rules. And processed food has grown to become a key component of Sri Lanka’s overall annual food exports.
“In 2012, 26% of total food and beverages exports were processed foods, at $ 73.4 mn. Our overall processed food exports which stood at $ 67.1 mn in 2010 rose to a strong $ 95 mn in 2011,” said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on June 11 in Colombo. Minister Bathiudeen was addressing the launch event of fist International Food Safety and Compliance Training session by globally renowned Food Scientist Dr. Barbara Rasco, Associate Professor of the Department of Food Science & Human Nutrition of the Washington State University.
Senior Minister for International Monetary Co-operation Dr. Sarath Amunugama has proposed to make it mandatory for Sri Lanka's cinnamon exporters to adhere to the specifications for Sri Lanka standard for exporting of cinnamon.
The proposed measure is aimed at preventing the export of low quality cinnamon and enhancing the production of cinnamon in the country sustaining the livelihood of more than 350,000 families engaged in the industry, the government says.
As Sri Lanka experienced a 10.3 % industry surge in 2012, Sri Lanka’s historic industry growth rate appeared to exceed the growth rate of its own GDP.
“Lankan historic industry sector growth has surpassed even the national GDP growth rate-in that, the industry ‘value addition’ to the GDP in 2012, is 62 times to that of 1960 when CNCI began at only US $ 269 million. Our industrial exports too, increased by 28 %, in 2011,” said Rishad Bathiudeen, Minister of Industry and Commerce addressing the CNCI Achiever Awards 2013 launch event held at the Cinnamon Grand on May14 .
The Sri Lanka Export Development Board (EDB) with the assistance of the Sri Lanka High Commission in the UK proposes to organized a Sri Lanka pavilion for the first time at the International Food & Drink Exhibition held in the United Kingdom from 17th to 20th March 2013.
The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Consulate General in Dubai in UAE organized Sri Lanka pavilion at the Gulfood 2013 International Fair held on Dubai, UAE from 25th - 28th February 2013.
The Gulfood International Fair is one of the most established events in the world for buyers to source food & beverage products. The EDB has identified Gulfood Trade Fair held annually in UAE to promote Sri Lankan food and beverage products. It caters not only to the UAE but also to the Middle Eastern and African markets as a whole