Sri Lanka's Apex Organisation for Export Promotion
Sri Lanka’s export sector performance has been able to managed its growth momentum in May 2021 with the challenges of this pandemic. “We are happy to see that export levels are reaching fast to the pre-Covid 19 levels despite the continuous multiple challenges faced by our exporters with intermittent travel restrictions and local area isolations. Maximum efforts are be taken to secure the export orders in hand while attracting new orders to the country – the responsibility of the authorities are to facilitate the exporters in every possible way to keep them operating”, Chairman, EDB.
The Embassy of Sri Lanka in Abu Dhabi organized a webinar along with the Export Development Board (EDB) of Sri Lanka and the Consulate General of Sri Lanka in Dubai to bridge over 100 Sri Lankan ICT firms and professionals with the UAE market, to discover the brand new alternatives within the ICT trade on 11 June, 2021.
The Consulate General of Sri Lanka to Victoria, South Australia and Tasmania together with the Sri Lanka Export Development Board (EDB) and the Sri Lanka and Australia Chamber of Commerce (SLACC) organised a webinar titled – Exporting to Australia – What you need to know - on the 20th May, 2021. Kalum De Silva, President of SLACC, moderated the session. He is the founding national president of SLACC.
Export Development Board (EDB) Chairman Suresh de Mel yesterday presented six focused sectors that provide a plethora of opportunities for export-oriented global firms to set up bases in Sri Lanka.
The Sri Lanka Export Development Board (EDB) is implementing an assistance scheme to enable farmers and processors in Sri Lanka to obtain organic certification as per the Sri Lanka Organic Standard - SLS 1324:2018. The certificates will be issued by the certification institutes accredited for SLS 1324:2018 by the Sri Lanka Accreditation Board (SLAB).
EDB Chairman Suresh de Mel stated that the export target would certainly witness a revision due to the week-long travel restrictions that have come into effect and several areas being caught under the isolation. However, he said it is too premature to assess the impact or divulge the revised target. He noted that the revision is ‘absolutely necessary’.
Sri Lanka has identified 18 amendments to be made the controversial Sri Lanka-Singapore Free Trade Agreement (SLSFTA) and anticipates to conduct negotiations with Singapore, The Sunday Morning Business exclusively learns.
Sri Lanka’s export performance continued its upward momentum in the first three months of 2021. Due to the Covid-19 pandemic induced lockdown last year, exports were contracted by a record 64.63 per cent in April 2020. However in April this year, exports grew up by 183 per cent to US$ 798.9 Mn in comparison to the previous year.
Consequent to the official visit of the Ambassador of Sri Lanka in the Russian Federation and his delegation to the Republic of Belarus in December 2020, bilateral relations between Sri Lanka and Belarus has been intensifying in every field, particularly in trade and investment.
Sri Lanka High Commission in South Africa initiated a new series of B2B meetings in collaboration with the Department of Commerce and the Exports Development Board of Sri Lanka to find new opportunities for the Sri Lankan exporters in the new normal post-Covid situation.
Muscat: Ambassador of Sri Lanka to the Sultanate of Oman Ameer Ajwad opened an exclusive stall for ‘Sri Lankan Products’ at the SPAR supermarket outlet at Madinat Al Sultan Qaboos (MSQ) in Oman.
The Sri Lanka Export Development Board (EDB) has made arrangements to facilitate export-oriented industries based on the circulars issued by the Government Health Authorities to continue operations of their activities during lockdown of specific areas in the country and inter-provincial travel restrictions subject to stringent health regulations.
As an initiative of FYIstival South Asia Edition of Global Connect at the Singapore Business Federation (SBF), a webinar on “Accelerating Growth of Food Sector and a Buyer Seller Meet” was organised together with Enterprise Singapore and the Sri Lanka High Commission on 27th April 2021.
Sri Lanka Embassy in Nepal partnered with the Export Development Board of Sri Lanka (EDB) to connect construction industry stakeholders of the two countries in a webinar titled “Collaboration in the Construction Industry between Sri Lanka and Nepal " on Tuesday 04 May.
Sri Lanka surpassed $ 1 billion exports in March 2021 after a lapse of six months period. As per the Customs statistics, earnings from merchandise exports recorded double digit growth of 62.47% in March 2021 on y-o-y comparison – the March figure being US$ 1,066.1 Mn.
The Sri Lanka Embassy in Oman jointly with the Sri Lanka Export Development Board (EDB), recently organised a virtual B2B meeting between Carrefour Oman and eight prominent Sri Lankan fruits and vegetables exporter companies, to boost Sri Lankan exports of a variety of fruits and vegetables to the Carrefour Oman hypermarket chain, which has more than 12 outlets in the Sultanate of Oman.
The regulatory framework to develop Sri Lanka’s boat building industry was officially handed over to the implementing agencies under the patronage of Minister of Trade, Hon. Dr. Bandula Gunawardena on 29th March 2021 at the Trade Ministry.
The EDB’s effort in developing and promoting export potential Women Entrepreneurs took a new turn when it established the “EDB Women Entrepreneur Cell” in 2017, with the main objective of linking women and their associated businesses to commercially viable opportunities and value chains across the world, enabling economic and community development.
The Sri Lanka Export Development Board (EDB) in association with Sri Lanka High Commission in India organized a webinar to promote matchmaking and market-entry opportunities between Indian and Sri Lankan Electronic and Electrical manufactures with the assistance of All India Electronics Association (AIEA) on 17th March 2021. The online event was focused on achieving synergies between the Electronic and Electrical industries of both countries.
Sri Lanka’s export earnings registered a growth of 2.52% with US$ Mn 993.73 in February, compared to the previous year, maintaining the growth momentum recorded during the last five months as per the provisional statistics released by Sri Lanka Customs. This is the highest export figure recorded for the month of February during the last five-year period.
