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Singapore’s Food Safety Agency officials explore local food processing firms

Thu, 11 Apr 2024 00:00:00 +0000

A delegation from the Singapore Food Agency (SFA), the competent authority responsible for food safety and security in Singapore, visited Sri Lanka from the 25th to the 28th of March. The delegation was headed by Dr. Abdul Jalil Abdul Karder, Assistant Chief Executive Officer (Operations), along with two other officers from the Joint Operation Division of the SFA. The purpose of the visit was to conduct pre-inspections of slaughterhouses in Sri Lanka that have applied for licenses from the SFA in Singapore, with the objective of assessing the potential of Sri Lankan companies to be approved as sources of poultry products for Singapore.

Informative Webinar on available renewable energy projects in Kwazulu-Natal Province in South Africa

Tue, 02 Apr 2024 00:00:00 +0000

The Sri Lanka High Commission in Pretoria, South Africa, in collaboration with the Sri Lanka Export Development Board (EDB) and the Gauteng office of Trade and Investment Kwazulu-Natal, organized an informative webinar on “Available renewable energy projects in Kwazulu-Natal” for the Sri Lankan renewable energy companies on 26th March 2024.

Increase Service Exports in Education Sector: EDB to work with SLANSHEI & Education Advisory Committee

Fri, 29 Mar 2024 00:00:00 +0000

The Sri Lanka Association of Non-State Higher Education Institutes (SLANSHEI) held its Annual General Meeting on 22nd March 2024 at Waters Edge, Battaramulla.

UKTP Programme Empowers Sri Lanka's Organic Exports

Thu, 28 Mar 2024 00:00:00 +0000

The UK Trade Partnership Programme project in Sri Lanka, funded by the Government of the United Kingdom and implemented by the International Trade Centre (ITC), aims to promote exports by facilitating access to markets, providing technical advisory services to SMEs, and strengthening business support organizations.

Sri Lanka's Export Performance in February 2024

Mon, 25 Mar 2024 00:00:00 +0000

The merchandise export performance in February 2024 amounted to US$ 983.7 million, recorded a modest increase of 0.17 % compared to February 2023. Furthermore, export performance in February 2024 increased by 1.3% compared to the preceding month, January 2024.

Exploring Opportunities Under Sri Lanka Thailand Free Trade Agreement (SLTFTA)

Thu, 07 Mar 2024 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in collaboration with the Ministry of Industries and Department of Commerce organized a seminar on “Exploring Opportunities and Implications of the Sri Lanka-Thailand Free Trade Agreement" at the Auditorium of Postgraduate Institute of Management (PIM) on 29th February, 2024 for Sri Lankan exporters.

Sri Lanka's Export Performance in January 2024

Tue, 05 Mar 2024 00:00:00 +0000

The merchandise export performance in January 2024 amounted to US$ 970.7 million, recorded a 0.77 % decline compared to January 2023.

Sri Lanka Boat industry showcases capabilities in Dubai International Boat Show 2024

Mon, 04 Mar 2024 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) with the assistance of the Sri Lanka Embassy in UAE and the Sri Lanka Consulate General in Dubai made arrangements to organize Sri Lanka participation at 30th edition of the Dubai International Boat Show (DBIS) held from 28th February – 03rd March 2024 in Dubai, UAE.

Sri Lankan Apparels shine at Las Vegas

Tue, 20 Feb 2024 00:00:00 +0000

Considering Sri Lanka’s reputation for its manufacturing excellence with extensive operations in South Asia, the Sri Lanka Export Development Board (EDB) in collaboration with Sri Lanka Missions in the USA organized the Sri Lanka Country pavilion at “Sourcing at Magic Exhibition” in Las Vegas, USA, which was held recently with the participation of eleven (11) Sri Lankan companies.

IPC Hand Soldering Fundamental Course and Practical Workshop on ESD and Electronic Assembly

Mon, 19 Feb 2024 00:00:00 +0000

A Fundamental Course on Hand Soldering and a Practical Workshop on Electro Static Discharge (ESD) and Electronic Assembly was held on 13th February 2024 at the Department of Electronic & Telecommunication Engineering, University of Moratuwa, in association with IPC India, Sri Lanka Export Development Board (SLEDB), and Sri Lanka Electronic Manufacturers and Exporters Association (SLEMEA). This event was held for the second consecutive year.

Historic Agreements Strengthen Ties between Sri Lanka and Thailand

Wed, 14 Feb 2024 00:00:00 +0000

In Sri Lanka’s pursuit of transforming into a high-income country by 2048 involving trade negotiations with countries like Thailand, the Sri Lanka Thailand Free Trade Agreement (SLTFTA), was signed, during the visit of Thai Prime Minister Hon. Srettha Thavisin and his delegation of business dignitaries today (03/02/2024) at the Presidential Secretariat.

Sri Lanka's Apparel Industry Prepares for first ever Textile & Apparel Roadshow in the UK

Wed, 07 Feb 2024 00:00:00 +0000

The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Apparel Sourcing Association (SLASA), the Sri Lanka High Commission in the UK, and the Joint Apparel Association Forum (JAAF), is organizing the 'Sourced Sri Lanka – Textile & Apparel Roadshow' scheduled to take place June 2024 in London.

Sri Lanka's Export Performance in December 2023

Tue, 30 Jan 2024 00:00:00 +0000

Sri Lanka’s total exports reached US$ 14.94 Bn in 2023 including merchandise exports (US$ 11.85Bn) and estimated service exports (US$ 3.08 Bn). It is only a 0.39 % decline when compare to the value recorded in previous year (US$ 14.99 Bn). Estimated increase in service exports is around 63%.

EDB, Sri Lankan Universities and Associations Join Forces with to Strengthen Ornamental Fish Industry and Boost Exports

Fri, 19 Jan 2024 00:00:00 +0000

A collaborative effort led by the Export Development Board (EDB) alongside Sri Lankan Universities, The Tropical Ornamental Fish Association and Sri Lanka Ornamental Fish Farmers’ Association have organized a one-day workshop on 11th January 2024. The main aim of this workshop was to help improve the export potential of ornamental fish, support grassroots development, and enhance the abilities of exporters.

EDB, IFC Partnership Drives Ceylon Cinnamon Exports to Reach High Value Markets, Recognises Sri Lanka’s First Ever GI Certified Ceylon Cinnamon Growers, Processors and Exporters

Thu, 18 Jan 2024 00:00:00 +0000

Colombo, Sri Lanka, January 17, 2023—In an effort to better position and promote high quality exports of Ceylon Cinnamon, the International Finance Corporation (IFC) together with the Ministry of Plantation Industries and Sri Lanka Export Development Board (EDB) recognized the first batch of Geographical Indication (GI) certified Ceylon Cinnamon growers in the country.

JICA and the SLEDB have jointly initiated and implemented efforts to introduce Sri Lankan ICT companies to the Japanese market

Thu, 18 Jan 2024 00:00:00 +0000

In its continuous commitment to advancing the interests of exporters, the Export Development Board (EDB) stands out as the premier organization dedicated to the development and promotion of exports. As part of its dynamic approach to fostering global trade, EDB is actively engaged in identifying and cultivating potential markets for exporters worldwide.

Sri Lanka Commits to Fair Trade Collaboration: EDB and International Fair Trade Networks Sign a Cooperation Framework

Wed, 17 Jan 2024 00:00:00 +0000

In a Strategic move to promote International Fair Trade and foster global cooperation, Sri Lanka officially signed the Framework of Cooperation (FOC) with international fair trade networks in Colombo recently. The signing ceremony, attended by representatives from major fair trade and supporting organizations, took place at the Colombo Ramada Hotel.

Strengthening Economic Ties: “Export Bahrain” Explores Trade Expansion With Sri Lanka

Wed, 10 Jan 2024 00:00:00 +0000

Ms. Safa Sharif A. Khaliq, the Chief Executive Officer of “Export Bahrain” together with Ms.Zainab Matrook from Marketing & Promotions section of “Export Bahrain” met Dr. Kingsley Bernard, Chairman & Chief Executive Officer of Sri Lanka Export Development Board (EDB) on 08th January 2024. This official meeting was initiated by H.E H.M.G.R.R.K.Wijeratne Mendis, The Ambassador of Sri Lanka in Bahrain.

Sri Lanka's Export Performance in November 2023

Thu, 28 Dec 2023 00:00:00 +0000

Sri Lanka’s merchandise exports increased by 4.4% to US$ 968.8 Million in November 2023 compared to October 2023 as per the provisional data released by the Sri Lanka Customs.However, it is a 2.67 % decrease when compared to the value recorded in November 2022.

University of Moratuwa and EDB Collaborate to Drive Innovative Packaging Solutions for SMEs in International Markets

Thu, 07 Dec 2023 00:00:00 +0000

In a significant stride toward advancing Sri Lanka's presence in international markets, the Sri Lanka Export Development Board (EDB) has partnered with the Department of Integrated Design at the Faculty of Architecture, University of Moratuwa (UoM) to launch an Innovative Packaging program tailored for Small and Medium-sized Enterprises (SMEs). This collaborative effort, targeting SME companies, recently concluded with a showcase at the Design Code 2023 event, marking a pivotal moment for Sri Lankan exporters.

“EDB Women Led Exports” - Capacity Building Programme supported by IPD - Germany

Thu, 07 Dec 2023 00:00:00 +0000

The Sri Lanka Export Development Board (EDB), in association with the Import Promotion Desk (IPD), Germany, initiated a series of Capacity Building programmes for export-oriented Women Led Business in Sri Lanka. This initiation aims to foster a new set of women-led exporters to the nation’s economy.

Sri Lanka's Export Performance in October 2023

Tue, 05 Dec 2023 00:00:00 +0000

Sri Lanka’s merchandise exports decreased by 14.6 % to US$ 898.0 Million in October 2023 compared to October 2022 as per the provisional data released by the Sri Lanka Customs. Also, it is a 13.13 % decrease when compared to the value recorded in September 2023.

EDB's Innovative Export Marketing Planning and Market Pitching Programme Boosts Export Prospects for SMEs

Tue, 05 Dec 2023 00:00:00 +0000

Sri Lanka's Export Development Board (EDB) completed a comprehensive 6-week export coaching programme aimed at assisting small and medium-sized enterprises (SMEs) with an export potential, registered under EDB New Exporter Development Programme (NEDP) to develop their Export Marketing Plans as the 1st step in their journey towards becoming export-ready. New Exporter Development Programme implemented by the Sri Lanka Export Development Board is aimed at developing export potential of SMEs’ to enter export markets.

EDB successfully concluded the 25th Presidential Export Awards

Mon, 04 Dec 2023 00:00:00 +0000

The 25th Presidential Export Awards (PEA), organized by the Sri Lanka Export Development Board (EDB), was successfully held on November 23rd, 2023, under the patronage of Hon President Ranil Wickremesinghe at the Bandaranaike Memorial International Conference Hall (BMICH), Colombo, with the participation of a large number of exporters. The award winners were presented a prestigious PEA trophy and a certificate, and they have the privilege to use the “Award Logo” as a marketing tool for a three-year period.

Port City Colombo - Transforming South Asia’s Economic Landscape

Fri, 01 Dec 2023 00:00:00 +0000

Colombo Port City Special Economic Zone (SEZ) positioned as an extension of Colombo’s existing Central Business District is a 269 Ha land reclamation project in the heart of South Asia. This mega development is a testament to Sri Lanka's commitment to becoming a global economic hub. The SEZ designation brings a myriad of benefits, making it an attractive destination for businesses and investors alike.

EDB Develops NVQ & National Competency Standard for “Production Associate - Manual Soldering” with the Support of TVEC & NAITA

Thu, 16 Nov 2023 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) with the assistance of the Tertiary and Vocational Education Commission (TVEC) and NAITA has developed and released the "Production Associate - Manual Soldering” (NVQ Level 4) National Competency Standard for the betterment of the Electrical and Electronics sector in Sri Lanka. In addition, the EDB, TVEC and NAITA are in the process of developing several other National Competency Standards that are required for the sector.

People’s Bank partners with EDB as Platinum Sponsor for ‘Presidential Export Awards - 2023’

Tue, 31 Oct 2023 00:00:00 +0000

In a significant move underscoring their dedication to promoting excellence in exports, People's Bank has partnered with the Sri Lanka Export Development Board (EDB) as the Platinum Sponsor for the prestigious ‘Presidential Export Awards 2023.’ The collaboration was formally sealed when Mr. Sujeewa Rajapaksa, Chairman of People's Bank, symbolically presented the patronage cheque to Dr. Kingsley Bernard, Chairman/ CEO of Export Development Board, at the headquarters of People's Bank on the 27th of October 2023.

EDB Ornamental Fish Advisory Committee highlights obstacles impeding the industry

Thu, 26 Oct 2023 00:00:00 +0000

Sri Lanka's Ornamental Fish industry received a much-needed boost from the EDB Ornamental Advisory Committee meeting, which was held recently at the EDB. Chaired by Mr. Sathyendra Wijayapura, Chairman / Ornamental Fish Advisory Committee and attended by Dr. Kingsley Bernard, Chairman / Sri Lanka Export Development Board, prominent figures from the industry, including leaders from the Tropical Ornamental Fish Association, the gathering aimed to directly address the obstacles faced by the sector.

Boat & Marine Show 2023 Will Inaugurate On 27th October 2023 At Port City Marina

Wed, 25 Oct 2023 00:00:00 +0000

Boat & Marine Show 2023 organized by Chamber of Marine Industries of Sri Lanka (CMISL) and Sri Lanka Export Development Board (EDB) in association with Ministry of Industries, Tourism Promotion Bureau and other relevant stakeholders will be held from 27th - 29th October 2023 at the Port City Marina, Colombo.

Georgian business delegation explores enhanced trading links with Sri Lankan Agriculture Sector

Tue, 24 Oct 2023 00:00:00 +0000

Recently, a Georgian business delegation paid a visit to the Sri Lanka Export Development Board (EDB) to enhance trading opportunities with the Sri Lankan agricultural sector. EDB Chairman/CEO Dr. Kingsley Bernard welcomed the visiting delegation and extended his appreciation for visiting Sri Lanka to bolster commercial and business ties between the two countries.

Sri Lanka Embarks on a Revitalizing Journey for its National Export Strategy

Mon, 23 Oct 2023 00:00:00 +0000

In a significant move towards economic advancement, Sri Lanka has initiated the process of revitalizing its existing Export Strategic Plan (National Export Strategy 2018-2022). The endeavor, spearheaded by the Sri Lanka Export Development Board (EDB) in collaboration with the Ministry of Investment Promotion, has obtained technical support from the International Trade Center (ITC) based in Geneva. Mr. Charles Roberge, Senior Officer, Trade Strategy and competitiveness, ITC visited Sri Lanka from October 16th to October 18th on this purpose. During the visit, the ITC expert had the opportunity to meet the representatives of Associations, Chambers, Advisory Committees and policy makers of the Government.

EDB facilitates Pharmaceutical sector to enter into the East Asian Market

Wed, 11 Oct 2023 00:00:00 +0000

The pharmaceutical Sector has been identified as one of the promising and emerging sectors in Sri Lanka, not only to be developed as an import substitution industry but also as an export oriented industry which could earn and save foreign currency.

Sri Lanka's Export Performance in August 2023

Tue, 26 Sep 2023 00:00:00 +0000

Sri Lanka’s merchandise exports increased by 6.98 % to US$ 1,091.6 Million in August 2023 compared to July 2023 as per the provisional data released by the Sri Lanka Customs. However, it is a 10.91 % decrease when compared to the value recorded in August 2022.

Website of Sri Lanka’s control body for Organic Agriculture unveiled

Fri, 22 Sep 2023 00:00:00 +0000

Sri Lanka’s control body for organic agriculture - the National Organic Control Unit (NOCU), operating under the aegis of the Sri Lanka Export Development Board (EDB), has taken a significant step towards promoting and regulating Sri Lanka's organic agriculture sector with the launch of its official website - www.nocu.lk.

A Collaborative Vision to Revitalize Sri Lanka's Mineral-Based Industry

Tue, 19 Sep 2023 00:00:00 +0000

Export Development Board (EDB) has identified value added Mineral products sector as a potential sector to be developed and promoted in the international market. Sri Lanka possesses a wealth of industrial minerals that can be processed and transformed into value-added products. This value addition can create higher-value exports, generate more employment opportunities, and contribute to the country's economic growth.

Sri Lanka Explore More Opportunities At Bangkok Gem & Jewellery Fair In Thailand

Wed, 13 Sep 2023 00:00:00 +0000

Sri Lanka’s Gem & Jewellery sector has a vast potential to increase foreign exchange earnings to achieve the export targets and the sector is identified as one of the key foreign exchange earners in the country.

Strengthening Economic Bonds: Israel-Asia COC Explores Trade Expansion with Sri Lanka

Fri, 08 Sep 2023 00:00:00 +0000

Ms. Anat Bernstein-Reich, President of Israel - Asia Chamber of Commerce cum Chairperson / Israel - Sri Lanka Chamber of Commerce met Dr. Kingsley Bernard, Chairman of the Sri Lanka Export Development Board (EDB) on 28th August, 2023.

Sri Lanka's Export Performance in July 2023

Tue, 29 Aug 2023 00:00:00 +0000

Sri Lanka’s merchandise exports increased by 2.18 % to US$ 1,027.2 Million in July 2023 compared to June 2023 as per the provisional data released by the Sri Lanka Customs. However, it is a 11.79 % decrease when compared to the value recorded in July 2022.

Ceylon Cinnamon GI Association Holds Successful 1st Annual General Meeting

Fri, 18 Aug 2023 00:00:00 +0000

The Ceylon Cinnamon GI Association, a prominent advocate for preserving the authenticity and heritage of Ceylon Cinnamon, successfully convened its inaugural Annual General Meeting (AGM) on August 4th The event took place at the elegant Balmoral hall of The Kingsbury Hotel and was attended by a diverse assembly of over 200 participants representing various sectors of the cinnamon industry.

The National Packaging Center with the Packaging Design Display Unit (PDDU) will be activated for the development and promotion of the packaging industry.

Thu, 17 Aug 2023 00:00:00 +0000

The National Packaging Centre (NPC) has permanently been established in the Sri Lanka Export Development Board (EDB) premises to support the growth of the local manufacturing industry in Sri Lanka.

AGM of the Association for Ceylon Cinnamon Protected Geographical Indication

Tue, 08 Aug 2023 00:00:00 +0000

The EU Commission by the implementing regulation - (EU) 2022/144, has entered the name ‘Ceylon Cinnamon’ to the register of Protected Designations of Origin and Protected Geographical Indications (Ceylon Cinnamon PGI) with effect from 2nd February, 2022.

EDB celebrates 44th anniversary

Wed, 02 Aug 2023 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) conducted a commemorative ceremony on 2nd August at its head office premises in Colombo to mark its 44th anniversary under the patronage of EDB Chairman Dr. Kingsley Bernard.

EDB: Contributing towards Sri Lanka’s economic development for 44 years

Tue, 01 Aug 2023 00:00:00 +0000

The 1st of August, 2023, marks the 44th anniversary of the Sri Lanka Export Development Board (EDB). The EDB was established in 1979 with the objective of establishing a strong government-level institutional framework to develop and promote Sri Lanka’s exports in order to integrate with the global economy consequent to the adoption of liberal economic policies in 1977, and it has been at the vanguard in terms of promoting and developing exports in Sri Lanka for over four decades.

SLEDB presents its flagship statistical publication “Export Performance Indicators 2022”.

Fri, 28 Jul 2023 00:00:00 +0000

The latest edition provides statistical information related to Sri Lanka’s external trade and its contribution to major economic indicators such as trade balance, GDP, individual sectoral involvement, export regions per each product, their market growth and projected export forecast for the year 2022 and minimum five preceding years.

EDB emphasizes the dangers of foreign buyers entering Sri Lanka Gem Trade, illegally

Mon, 24 Jul 2023 00:00:00 +0000

The Export Development Board (EDB) Advisory Committee on Gems, Diamonds & Jewellery sector has emphasized the importance of making Sri Lankan Gem & Jewellery traders more competitive and simplifying policy measures during the 7th Advisory Committee Meeting held recently.

EDB and SIPPO organizes a Webinar Series on the Opportunities in the Swiss and European Markets for Sri Lanka’s Exporters.

Thu, 06 Jul 2023 00:00:00 +0000

Sri Lanka Export Development Board (EDB) in collaboration with the Swiss Import Promotion Programme (SIPPO) is organizing a webinar series on the opportunities available in the Swiss and European markets for Value Added Textiles, Fish & Seafood and Processed Food for the Sri Lanka’s exporters/ potential exporters.

High level Israel delegation and EDB discuss avenues to promote bilateral trade

Tue, 04 Jul 2023 00:00:00 +0000

An official delegation from Israel met the senior EDB officials on 29th June and had a fruitful discussion to explore avenues to promote trade and economic cooperation between Israel and Sri Lanka.

Sri Lankan Printing and Packaging firms explore opportunities at ProPak Asia 2023

Fri, 30 Jun 2023 00:00:00 +0000

The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Embassy in Thailand, facilitated the visit of six Sri Lankan companies to ProPak Asia 2023. The 6 member delegation

Sri Lanka's Export Performance in May 2023

Thu, 29 Jun 2023 00:00:00 +0000

Sri Lanka’s merchandise exports increased by 16.6 % to US$ 989.7 Million in May 2023 compared to April 2023. However, it is a 5.59 % decrease when compared to May 2022.

Applications are now open for 25th Presidential Export Awards

Tue, 27 Jun 2023 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) is pleased to announce that the 25th Presidential Export Awards (PEA) Ceremony will be held on Thursday, 23rd November 2023 at the Bandaranaike Memorial International Conference Hall (BMICH) under the patronage of the President of the Democratic Socialist Republic of Sri Lanka, Hon. Ranil Wickremesinghe.

EDB Open Day guides innovative entrepreneurs to enter export market

Fri, 16 Jun 2023 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) successfully organized the inaugural "EDB Open Day" program, aimed at providing guidance to innovative entrepreneurs and encourage their participation in the export sector. Held on 15th June at the EDB premises, the event garnered a tremendous response with over a thousand budding entrepreneurs from across the island in attendance. Notably, the program witnessed a significant participation of young individuals who were passionate in exploring opportunities in the export market.

EDB Boat and Ship Building Advisory Committee stress the importance of developing a strategy for Nautical Tourism industry

Thu, 01 Jun 2023 00:00:00 +0000

EDB Boat and Ship Building Advisory Committee emphasized the importance of developing a strategy for the nautical tourism industry in Sri Lanka as the country has a massive potential for nautical tourism considering the high marine diversity as well as the strategic location of the country during the 7th meeting of the Advisory Committee, which was held on 26th May.

EDB Open Day on 15th June 2023

Wed, 31 May 2023 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) is excited to announce the upcoming "EDB Open Day" event - a one-day program – which will take place on Thursday, 15th June, 2023, from 9:30 am to 4:30 pm at the EDB, No 42, Nawam Mawatha, Colombo 02. The event will provide a valuable platform for potential exporters, small and medium-scale entrepreneurs, Start-ups and innovative thinkers to explore the opportunities in the export field and know the services offered by the EDB.

Sri Lanka's Export Performance in April 2023

Fri, 26 May 2023 00:00:00 +0000

Sri Lanka’s merchandise exports decreased by 16.15 % to US$ 814.1 Million in April 2023 compared to April 2022. Moreover, it is a 0.5 % decrease when compared to April 2021.

IPC Industry Networking Event and Technical Workshop on Electronic Assembly

Thu, 25 May 2023 00:00:00 +0000

An Industry Networking Event and a Technical Workshop on Electronic Assembly were held on 25th May 2023 at the Department of Electronic & Telecommunication Engineering, University of Moratuwa, in association with the IPC India, Sri Lanka Export Development Board (EDB), and Sri Lanka Electronic Manufacturers and Exporters Association (SLEMEA).

Sri Lanka's Export Performance in March 2023

Thu, 04 May 2023 00:00:00 +0000

Sri Lanka’s merchandise exports decreased by 1.96 % to US$ 1,037.5 Million in March 2023 compared to March 2022. Moreover, it is a 5.14 % decrease when compared to March 2021. Less demand created for major products in major markets due to the current economic situation further continues.

The National Organic Certification Mark Made Public by the EDB

Tue, 02 May 2023 00:00:00 +0000

In an event held in Colombo on the 28th of April 2023, the Sri Lanka Export Development Board (EDB) made public the National Organic Certification Mark (NOCM) to increase consumers’ awareness on organic food production. The event was organized by the National Organic Control Unit (NOCU) of the EDB, in collaboration with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH in Sri Lanka, co-funded by the European Union (EU) and the German Federal Ministry for Economic Cooperation and Development (BMZ).

UNIDO, AHK Sri Lanka & EDB organized an awareness programme on GSCDDA

Thu, 27 Apr 2023 00:00:00 +0000

United Nations Industrial Development Organization (UNIDO) and the Delegation of German Industry and Commerce (AHK Sri Lanka) together with the Sri Lanka Export Development Board (EDB) organized an awareness program for Sri Lankan exporters in preparation for the forthcoming German Act on Corporate Due Diligence in Supply Chains that came into force in Germany from 1st January 2023. The initiative aimed to increase awareness regarding the new law in Germany, and outline the challenges and opportunities for Sri Lankan Export Industries.

New EDB Chief targets $ 31 bn exports by 2027

Fri, 21 Apr 2023 00:00:00 +0000

Export Development Board of Sri Lanka (EDB) new Chairman Dr. Kingsley Bernard yesterday revealed plans to achieve $ 31.3 billion target by 2027 thereby heralding much-needed dollar earnings to overcome the prolonged foreign exchange dearth and stabilise the economy.

Veteran Export Professional Dr. Kingsley Bernard assumes EDB Chairmanship

Mon, 03 Apr 2023 00:00:00 +0000

Veteran Export Professional Dr. Kingsley Bernard assumed Chairmanship of the Sri Lanka Export Development Board (EDB) on 3rd April 2023.

Gateway to Africa the market which is worth $3.4 trillion

Fri, 31 Mar 2023 00:00:00 +0000

The inaugural conference was convened on the 27th of March, sponsored by International Consultants, Chairman, Mr. Ranjiv Goonawardena, in collaboration with the Sri Lanka Export Development Board and the Sri Lankan High Commission in Pretoria.

EDB empowers women Led Businesses to succeed in the international market through Branding and Packaging

Mon, 27 Mar 2023 00:00:00 +0000

The Women Entrepreneurship Development Programme organized by the Sri Lanka Export Development Board (EDB) was focused on the theme "Branding through Packaging" to support women led businesses in Sri Lanka. The program aimed at enhancing their knowledge on product branding and packaging to help them to enter the international market. The EDB collaborated with Slick, a leading company in Sri Lanka packaging industry, to provide valuable insights and guidance to the participants from their expertise in Branding and Packaging. The program was organized to coincide with International Women's Day and is part of the EDB's efforts to support and empower women led businesses in Sri Lanka to enter the export market.

Sri Lanka's Export Performance in February 2023

Fri, 24 Mar 2023 00:00:00 +0000

Sri Lanka’s merchandise exports decreased by 8.06 % to US$ 1,005.2 Million in February 2023 compared to February 2022 as per the data released by the Sri Lanka Customs. However, it is a 5.62% increase when compared to February 2021.

UK government Delegation visits EDB

Tue, 21 Mar 2023 00:00:00 +0000

The official delegation from the Department for International Trade in the UK visited the Sri Lanka Export Development Board (EDB) on 16th March 2023 to discuss the opportunities for Sri Lanka’s export sector under Developing Countries Trading Scheme (DCTS) to be launched by the Government of UK. Ms. Sofie Kinsey, Trade Preferences Policy Manager for Sri Lanka, Mr. Fabian Hartwell, Overseas Trade Policy Advisor for South Asia, and Ms. Asanthi Fernando, Deputy Head of Trade & Investment at the British High Commission in Colombo participated in the discussions at the EDB with the objective of identifying potential export sectors for Sri Lanka to expand in the UK market utilizing the UK DCTS.

EDB conducts awareness seminar on “Facilitation of Agricultural Exporters under the TIEP Scheme”

Thu, 16 Mar 2023 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) recently conducted an awareness seminar on “Facilitation of agricultural exporters under the Temporary Import for Export Processing (TIEP) Scheme”with the participation of 85 export companies from the agricultural sector.

EDB fosters entrepreneurship of IT undergraduates with the Kickstart Weekend 2023

Tue, 14 Mar 2023 00:00:00 +0000

Sri Lanka is globally known as an emerging destination for IT and IT enabled services. ICT/BPM industry is in the front line of the export earning sectors in Sri Lanka and achieved this position in a shorter period of time when compared with other traditional export sectors. One of the reasons for this development is that Sri Lanka has an important resource than any other country – the talent.

Sri Lanka targets growing European market for Organic Food at BIOFACH 2023 in Germany

Tue, 07 Mar 2023 00:00:00 +0000

A delegation from Sri Lanka participated in the BIOFACH Trade Fair, the world’s largest annual organic food products trade show held from 14-17 February 2023 in Nuremberg, Germany. This annual trade fair held since 1990 attracts food industry professionals from across the world. This year, 2,765 exhibitors from 95 countries participated in the trade fair. The fair was also attended by 36,000 trade visitors from 135 countries. Germany is one of the largest organic food markets in the world and BIOFACH figures show that the organic sector recorded revenues of €15.3 billion for the German organic market in 2022. In Europe, Germany is the largest market for organic products as well as the largest organic producer. In addition, veganism is increasingly popular in Germany creating export opportunities for meat and dairy substitutes as well as breakfast foods.

Merchandize exports record one billion dollars in January 2023

Fri, 03 Mar 2023 00:00:00 +0000

Sri Lanka’s merchandise exports decreased by 8.98 % to US$ 1,001.9 Million in January 2023 compared to January 2022 as per the data released by the Sri Lanka Customs. However, it is a 6.97% increase when compared to January 2021

EDB signs MOU with Printcare Digital Solutions Pvt Ltd

Mon, 06 Feb 2023 00:00:00 +0000

The Sri Lanka Export Development Board (EDB), recently signed a Memorandum of Understanding (MOU) with Printcare Digital Solutions Pvt Ltd, one of Sri Lanka’s leading printing and packaging solutions providers.

EDB organized 2023 first ICT outward mission: Sri Lankan IT Innovations Fly High at Japan IT Week Osaka

Fri, 03 Feb 2023 00:00:00 +0000

Sri Lanka is well known for its technology enabled services. Despite being a small country in South Asia, the tech innovations of the country is chosen by many global clients as their technology partner or offshore service delivery destination. Along with the global reputation of being the “Island of Ingenuity” and with the enormous opportunities created by the brand image, Sri Lankan ICT/BPM companies are expanding their horizons in global marketplace.

EDB organizes B2B Meeting between Sri Lankan Exporters and Russian Business Delegates

Wed, 01 Feb 2023 00:00:00 +0000

A high-level business Delegation from the Sverdlovsk Regional Government of Russian Federation visited Sri Lanka for a three-day programme from 23rd to 26th January 2023. Mr. Vladimir Smirnov, Honorary Consul of Sri Lanka in Sverdlovsk Region led the Business delegation which included prominent business leaders from the Region.

Merchandize exports reached US$ 13 Bn in 2022

Tue, 31 Jan 2023 00:00:00 +0000

Earnings from the merchandise exports decreased by 9.7 % y-o-y to US$ 1,044 Mn in December 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the decrease in export earnings from Apparel & Textiles, Tea, Rubber based Products, and Coconut based Products, Food & Beverages, Spices & Essential Oils and Fisheries products.

EDB launches Export Performance Indicators 2021

Wed, 25 Jan 2023 00:00:00 +0000

Sri Lanka Export Development Board presents its flagship statistical publication “Export Performance Indicators 2021”. The latest edition provides statistical information related to Sri Lanka’s external trade and its contribution to major economic indicators such as trade balance, GDP and individual sectoral involvement for the year 2021 and five preceding years.

Switzerland extends cooperation for EDB to carry out Market Research

Thu, 22 Dec 2022 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) signed a memorandum of understanding with the Swiss Import Promotion Programme (SIPPO) which operates under the State Secretariat for Economic Affairs (SECO) of Switzerland on 22nd December 2022.

EDB launches Ceylon Cinnamon GI Control Plan Guidance books

Tue, 20 Dec 2022 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) ceremoniously launched Ceylon Cinnamon Geographical Indication (GI) Control Plan Guidance books at Ramada Hotel on 8th December. The financial assistance for the publication was provided by the International Finance Corporation (IFC) and the European Union (EU).

Sri Lankan participation at the Viet Nam Expo for the first time

Wed, 14 Dec 2022 00:00:00 +0000

Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in Vietnam arranged the first-ever participation of Sri Lankan businesses at the 20th edition of Viet Nam Expo, which was held from 1st to 3rd December 2022 at Sai Gon Exhibition & Convention Center (SECC) in Ho Chi Minh City.

EDB fosters next generation of exporters with Import Promotion Desk (IPD) - Germany assistance; provides linkages to buyers in Europe

Mon, 12 Dec 2022 00:00:00 +0000

The Sri Lanka Export Development Board (EDB), in association with the Import Promotion Desk (IPD), Germany, successfully concluded a series of initiatives that fostered a new set of exporters to the nation’s economy.

EDB wins Bronze at “CA Sri Lanka’s APFASL Best Annual Reports & Accounts Awards 2022”

Mon, 12 Dec 2022 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) won the bronze award under the statutory Board category during the Best Annual Report & Accounts Awards-2022, organized by the Association of Public Finance Accountants of Sri Lanka (APFASL), which is the public wing of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). This annual event recognizes and honours public sector institutions that demonstrate high-quality financial reporting.

Sri Lanka's Export Performance in October 2022

Tue, 29 Nov 2022 00:00:00 +0000

Earnings from the merchandise exports decreased by 8.18 % y-o-y to US$ 1,094.8 Mn in October 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the decrease in export earnings from Apparel & Textiles, Tea, Rubber based Products, Coconut based Products, Spices & Essential Oils and Fisheries sector. Further, the impact of global crisis also affecting to decrease export earnings of major products.

EDB, and Moratuwa University successfully complete workshop on Optomechanics and Introduction to Nondestructive testing methods

Wed, 23 Nov 2022 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in collaboration with the University of Moratuwa, the National Center for Non-Destructive Testing (NCNDT) - Sri Lanka Atomic Energy Board, and Foundry Development and Services Institute (FDSI) successfully completed the workshop on Opto-mechanics and Introduction to Non-destructive Testing Methods at NCNDT premises in Kelaniya on 26th October. The workshop was concluded successfully with the participation of over 50 technical personnel from some of the leading manufacturing and exporting companies in Sri Lanka.

FNF Sri Lanka together with AHK Sri Lanka co-organized the certification awarding for EDB officials trained on the new Act on Corporate Due Diligence in Supply Chains in Germany.

Tue, 22 Nov 2022 00:00:00 +0000

The Delegation of German Industry and Commerce (AHK) in Sri Lanka, and the Friedrich Naumann Foundation for Freedom (FNF) co-organized a capacity building program for officials of the Sri Lanka Export Development Board (EDB) in preparation for the forthcoming “German Act on Corporate Due Diligence in Supply Chains which will come into force in Germany from 1st January 2023. The objective of this is to train EDB officials function as multipliers to share the information on sustainable supply chains with the Sri Lankan SME’s, aiming at exporting to the German market.

Eleven Government Institutions collaborate to showcase services at the National Packaging Pavilion during the Profood, Propack and Ag-biz 2022 Fair

Mon, 21 Nov 2022 00:00:00 +0000

The Government under its Interim budget 2022 has identified Packaging for value addition and for minimizing postharvest losses as a priority and wanted the EDB to reactivate the National Packaging Centre to address the need for promoting the packaging Industry, especially the local packaging products of the SME sector in the country. The way forward was discussed at a meeting chaired by the Senior Additional Secretary to the President (Economic Affairs), held on 28th September 2022 at the Presidential Secretariat, to implement proposal Number 32 of the interim budget 2022 on promotion of local packaging products.

Sri Lankan Exporters Shine at World Largest Food Innovation Exhibition SIAL Paris 2022 in France

Tue, 15 Nov 2022 00:00:00 +0000

Sri Lanka Export Development Board (SLEDB) in collaboration with the Embassy of Sri Lanka in Paris successfully organized Sri Lanka participation at the SIAL Paris – 2022 exhibition held from 15th to 19th October 2022 in Parc Des Expositions- Paris Nord Villepinte in Paris.

Virtual Sri Lanka National Pavilion at the China International Import Expo (e-CIIE-2022)

Mon, 14 Nov 2022 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in collaboration with Sri Lanka Tourism Promotion Bureau, Board of Investment and Sri Lanka Tea Board has made arrangements to organize a virtual Sri Lanka Country Pavilion at the 5th China International Import Expo (CIIE).

EDB holds B2B meetings for the visiting delegation of Canada Sri Lanka Business Convention

Thu, 10 Nov 2022 00:00:00 +0000

Sri Lanka Export Development Board (EDB) in collaboration with the Canada Sri Lanka Business Convention and Ceylon Chamber of Commerce organized a business-to-business (B2B) meeting programme recently at the Cinnamon Grand Hotel, Colombo 02.

Sri Lanka and Maldives continue collaborations in the Construction Services sector

Fri, 04 Nov 2022 00:00:00 +0000

The Sri Lanka High Commission in Maldives and the Sri Lanka Export Development Board (EDB) jointly organized a virtual meeting for Sri Lankan Construction Services Companies to interact with the SME & Entrepreneur Federation of Maldives (SEFM), Maldives Contractors’ Association and to learn about the market entry possibilities, procedures and regulations applicable to foreign investments, including joint ventures in civil construction, MEP and Engineering services.

Sri Lanka takes part in China International Import and Export Fair 2022

Thu, 27 Oct 2022 00:00:00 +0000

China International Import and Export Fair, (Canton Fair) - 2022, organized as a hybrid event with the participation of companies all over the world, got underway on 15th October, 2022. The International Pavilion of the event is organized through an online platform due to the prevailing travel restrictions in China, and it consists 50 different sections under 16 categories.

EDB Explore Easy Shipping Facilities with MAERSK for SME Exporters in Sri Lanka

Wed, 26 Oct 2022 00:00:00 +0000

Sri Lanka Export Development Board (EDB) recently organized an online webinar in collaboration with MAERSK, a worldwide leading logistic company on easy online shipping methods available for SME exporters in Sri Lanka. The objective of the webinar was to provide information on numerous new opportunities available with exporters in the shipping industry.

Sri Lanka's Export Performance in September 2022

Tue, 25 Oct 2022 00:00:00 +0000

Earnings from the merchandise exports increased by 5.75 % y-o-y to US$ 1,093.98 Mn in September 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in export earnings from Apparel & Textiles, Tea, Gems & Jewellery, Electrical & Electronic Components and Spices & Essential Oils.

Foreign trade partner IPD celebrates 10th anniversary

Mon, 24 Oct 2022 00:00:00 +0000

The Import Promotion Desk (IPD) celebrates its 10th anniversary: Founded in 2012, IPD has been connecting small and medium-sized enterprises from selected developing and emerging countries with European importers. IPD is active in Sri Lanka since 2018. It supports local producers of natural ingredients who want to gain a foothold in the EU market. Since the start of the engagement in Sri Lanka, the IPD-Team has been working closely with partners from the Sri Lanka Export Development Board (EDB). Together they further develop the offer for export companies. IPD contributes its knowledge of the EU market and the demand side and supports the establishment of sustainable export promotion structures.

KOICA and DONG-EUI University conduct capacity development for EDB officers

Fri, 21 Oct 2022 00:00:00 +0000

Korea International Cooperation Agency (KOICA) successfully conducted a training programme in Capacity Development on Export Strategies, Market Survey, and Market Diversification at DONG-EUI University, South Korea, from 18th September to 30th September for twenty-three (23) working-level officers of the Sri Lanka Export Development Board (EDB).

Collaborating with Stakeholders to Improve and Increase Exports and Investments

Mon, 17 Oct 2022 00:00:00 +0000

Stressing the importance of providing a business conducive environment, “the government is focused and has given the highest recognition to exports and investments – to create employment, enhance foreign exchange earnings with economic and social benefits to our people”, the State Minister for Investment Promotion, Hon. Dilum Amunugama said, expressing his views at a meeting held with the Chairmen and representatives of EDB’s Advisory Committees on Thursday, October 14th, at the BOI Auditorium in Colombo.

The Chamber of Marine Industries of Sri Lanka holds its inaugural meeting

Fri, 14 Oct 2022 00:00:00 +0000

The inaugural meeting of the Chamber of Marine Industries of Sri Lanka was held at the Sri Lanka Export Development Board (EDB) recently (11th October) with the presence of Chairman, EDB and the representatives of the industries of boat and shipbuilding, nautical tourism, chartering, and the marine & offshore industry cluster.

Sri Lanka's Export Performance in August 2022

Tue, 27 Sep 2022 00:00:00 +0000

Earnings from the merchandise exports increased by 10.24 % y-o-y to US$ 1,213.7 Mn in August 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in earnings from export of Apparel & Textiles.

SL’s gem and jewellery industry recounts Queen Elizabeth II and her love for gemstones

Thu, 15 Sep 2022 00:00:00 +0000

Queen Elizabeth II was a true inspiration and stalwart member of the monarchy. As the longest reigning monarch, she has represented and led her country for 70 years, through various circumstances and has been an inspiration and guidance to the United Kingdom and Commonwealth Nations. Her towering strength, leadership and integrity have been a source of pride for people across the world. Queen Elizabeth II selflessly devoted her 70-year reign to public service as well as advocating many important issues.

Exporters urge product testing laboratories to pull up their socks

Thu, 08 Sep 2022 00:00:00 +0000

Sri Lanka’s leading food and organic product exporters urged the nation’s premier product testing laboratories to enhance their levels of efficiency and effectiveness to enable them to provide a superior service to their overseas customers. These sentiments were aired at a meeting organized by the Sri Lanka Export Development Board (EDB) on 30th August, 2022, to provide a platform for the exporters and product testing laboratories in the island to share their requirements and capacities with each other.

Sri Lanka's Export Performance in July 2022

Tue, 30 Aug 2022 00:00:00 +0000

Earnings from the merchandise exports increased by 2.25 % y-o-y to US$ 1,128.7 Mn in July 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in earnings from export of Apparel & Textiles.

EDB organises a webinar on opportunities in the Israeli Market

Fri, 19 Aug 2022 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) organized an informative webinar on “Opportunities in the Israeli Market” in collaboration with the Embassy of Sri Lanka in Israel together with the support of the Federation of Israeli Chambers of Commerce (FICC) and Israel – Sri Lanka Chamber of Commerce on 03rd August, 2022.

Sri Lankan Apparel Exporters at Magic Sourcing Exhibition at Las Vegas, USA

Wed, 17 Aug 2022 00:00:00 +0000

The USA market has become extremely viable for Sri Lanka as US buyers are looking to diversify their main supply source. USA is the major export market for Sri Lanka apparel, with an export earnings of US$ 2.12 Bn in 2021 and accounting for 39% of the total apparel exports to the world and 69% of the total product exports to USA from Sri Lanka.

EDB: Serving the Nation Steadfastly for 43 Years

Mon, 01 Aug 2022 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) which turned 43 years on the 1st of August is the premier state organization for the development and promotion of exports in Sri Lanka. The Board plays myriad roles in the export sector of the economy, as a policy advisor, monitor, promoter, facilitator and knowledge provider in carrying out its responsibilities of implementing strategies for achieving national export targets.

Sri Lanka's Export Performance in June 2022

Fri, 29 Jul 2022 00:00:00 +0000

Earnings from the merchandise exports increased by 20 % y-o-y to US$ 1,208.2 Mn in June 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in earnings from export of Apparel & Textiles, Rubber based products, Coconut based products, Food & Beverages and Seafood.

Ceylon Cinnamon GI status celebrated at BIOFACH 2022

Wed, 27 Jul 2022 00:00:00 +0000

Sri Lanka marked an important milestone in 2022, with the country receiving its first-ever Geographical Indication (GI) certification from the European Union (EU) Commission. The certification was a result of a decade-long endeavor led by the Sri Lanka Export Development (EDB) with the support of numerous public and private stakeholders.

Sri Lankan Organic Food Companies Shine at BIOFACH 2022

Tue, 26 Jul 2022 00:00:00 +0000

Organic food production and trade is evolving into a rapidly growing industry across the world. Prompted by a developing inclination for healthy life choices and awareness on the benefits of organic food, a greater number of global consumers are opting for organic products. In the midst of this competitive industry, Sri Lankan producers and manufacturers find themselves in lucrative circumstances.

EU, Germany and EDB offer technical support to organic agriculture producers and exporters in Lanka

Fri, 01 Jul 2022 00:00:00 +0000

Recognizing Sri Lanka’s potential in the organic agriculture sector and its’ importance for food security, the European Union (EU), the German Federal Ministry for Economic Cooperation and Development (BMZ) and the Export Development Board (EDB) have launched the Organic Agriculture Webinar Series: one-of-a-kind, accessible and educational video episodes that explore a variety of topics including organic certification, organic practices and successful organic farming methods across Sri Lanka. The series, facilitated by local and international experts, will support local producers, sellers and exporters who are looking to expand their businesses to meet demands of the local and European markets.

Sri Lanka's Export Performance in May 2022

Mon, 27 Jun 2022 00:00:00 +0000

Earnings from the merchandise exports increased by 9.9 % y-o-y to US$ 980.2 Mn in May 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in earnings from export of Apparel & Textiles, Coconut based products and Electrical & Electronic Components.

Sri Lanka's Export Performance in April 2022

Mon, 23 May 2022 00:00:00 +0000

Earnings from the merchandise exports increased by 11.87% y-o-y to US$ 915.3 Mn in April 2022, the highest monthly value recorded for the month of April.

EDB awarded as the Runner-up at World Trade Promotion Awards 2022 for inclusive and sustainable trade

Fri, 20 May 2022 00:00:00 +0000

Demonstrating its competency and excellence internationally, the Sri Lanka Export Development Board (EDB) accomplished another valued achievement by becoming Runner-up at the World Trade Promotion Awards - 2022 under the category of Best initiative for inclusive and sustainable trade for its SME Export Coaching programme which was conducted in late 2021. The 2022 World Trade Promotion Awards were announced at the World Trade Promotion Organizations Conference and Awards in Accra, Ghana, on 17th May.

Exploring Construction, Engineering Services and Renewable Energy Business Opportunities in Mozambique

Thu, 19 May 2022 00:00:00 +0000

The Sri Lanka High Commission in South Africa, in collaboration with Sri Lanka Export Development Board (EDB) and the Mozambique Chamber of Commerce & Industry concluded a successful virtual meeting on May 10, 2022, regarding Construction, Engineering Services and Renewable Energy Project opportunities available in Mozambique for Sri Lankan companies.

Ceylon Cinnamon receives Geographical Indication certification from the European Union

Wed, 27 Apr 2022 00:00:00 +0000

Today (27-04-2022) the European Union (EU) handed over the Geographical Indication (GI) certification to Ceylon Cinnamon, Sri Lanka’s first GI-certified product. An official ceremony took place between the EU Delegation to Sri Lanka and the Sri Lanka Export Development Board (EDB).

EDB Organizes Marketplace Programme for Women Entrepreneurs

Thu, 31 Mar 2022 00:00:00 +0000

To celebrate the International Women’s Day – 2022, the Sri Lanka Export Development Board (EDB) organized an Export Marketplace Programme at Hector Kobbekaduwa Agrarian Research and Training Institute on 28th March, 2022.

Sri Lanka's Export Performance in February 2022

Tue, 29 Mar 2022 00:00:00 +0000

Sri Lanka’s merchandise exports increased by 9.91% to US$ 1,046 Million in February 2022 compared to February 2021 as per the data released by the Sri Lanka Customs. Further, it is a 5.8% increase when compared to February 2020.

EDB and Australia High Commission share ideas to promote SL Education sector

Tue, 15 Mar 2022 00:00:00 +0000

A discussion was held between the senior representatives of the Australia High Commission in Sri Lanka and the Sri Lanka Export Development Board (EDB) on 2nd March to share ideas and strategies to promote Sri Lanka’s education sector among international students.

Sri Lanka's Export Performance in January 2022

Thu, 24 Feb 2022 00:00:00 +0000

Sri Lanka’s merchandise exports increased by 13% to US$ 1,062.63 Million in January 2022 compared to January 2021 as per the data released by the Sri Lanka Customs. Further, it is a 5.7% increase when compared to January 2020.

Sri Lanka’s inaugural Protected Geographical Indication (PGI) for Ceylon Cinnamon - Everything you need to know

Wed, 23 Feb 2022 00:00:00 +0000

Ceylon Cinnamon was added in the register of protected designations of origin and Protected Geographical Indications (PGI) on 2nd February, 2022. The EU commission by the implementing regulation - (EU) 2022/144, entered a name ‘Ceylon Cinnamon’ in the register of protected designations of origin and protected geographical indications (Ceylon cinnamon (PGI).

Webinar on Sustainable Supply Chains and Due Diligence Laws in the Organic Agriculture Sector

Fri, 11 Feb 2022 00:00:00 +0000

As the final of the series of Agri Webinars organized by the Embassy of Sri Lanka in Germany together with the Export Development Board of Sri Lanka (EDB) and Import Promotion Desk of Germany (IPD), webinar on “Sustainable Supply Chains and Due Diligence Laws in the Organic Agriculture Sector” was held on 24 January 2022 with the participation of a large number of Sri Lankan Agri Exporters.

Meet with Sri Lankan Food and Beverages Exporters at GULFOOD 2022

Thu, 10 Feb 2022 00:00:00 +0000

The Gulf region has built a strong brand identity in the Food and Beverage space. UAE is blessed with a strategic location between East and West which makes its accessible to major emerging economies, linking shipping routes in Middle East, Asia, Europe and Africa. Gulfood Exhibition launched in 1987 and has currently become the World’s largest annual food and beverage trade show. The 2020 edition of the show has attracted more than 60,000 visitors & 2,500 exhibitors from 162 countries seeking business opportunities and exploring the latest F&B products and innovation. The 2021 event was held following social distancing & hygiene protocols as per the new normal conditions of the world due to COVID – 19 pandemic.

Sri Lanka and Nepal continue collaborations in the construction sector

Tue, 08 Feb 2022 00:00:00 +0000

The Sri Lanka Embassy in Nepal and the Export Development Board of Sri Lanka (EDB) jointly organized a virtual meeting for Sri Lankan Construction Companies to interact with the Nepal Ministry of Physical Infrastructure & Transport (MPIT) and learn about procedures and regulations applicable to foreign investors, including for joint ventures.

Sri Lanka achieves its first ever GI certification with Ceylon Cinnamon

Thu, 03 Feb 2022 00:00:00 +0000

Marking a moment of historical significance, Sri Lanka received its first ever Geographical Indication (GI) certification when the European Union (EU) Commission on 02nd February, 2022 granted GI status to Ceylon Cinnamon. The outcome was a result of a painstaking, decade-long, arduous endeavour led by the Sri Lanka Export Development (EDB) under the Ministry of Trade with the support of numerous public and private stakeholders.

EDB disburse financial assistance to potential and existing exporters

Wed, 02 Feb 2022 00:00:00 +0000

Trade Minister Hon Bandula Gunawardhana presented cheques and certificates to potential and existing exporters who were selected as beneficiaries under several EDB-led assistance schemes on 28th January, 2022, during a function held at JAIC Hilton hotel. The beneficiaries were chosen under the EDB assistance programmes on National Export Brand Development, New Exporter Development, and Market Access Support.

Import Promotion Desk inaugurates regional office in Colombo

Mon, 31 Jan 2022 00:00:00 +0000

Import Promotion Desk (IPD) intensifies its activities in Sri Lanka and amplifies its cooperation with their strategical partner EDB – the Export Development Board of Sri Lanka. The initiative, funded by the Federal German Ministry for Economic Cooperation and Development (BMZ), supports national organizations to further develop export promotion services and establish sustainable trade relations. At the opening ceremony of the IPD Hub in Sri Lanka, which was held on 27th January, 2022 in Colombo, the EDB and IPD reaffirm their commitment to their cooperation.

Sri Lanka's Export Performance for year 2021

Sat, 29 Jan 2022 00:00:00 +0000

Sri Lanka’s merchandise exports increased by 16.71% to US$ 1,125.69 Million in December 2021 compared to December 2020 as per the data released by the Sri Lanka Customs. In parallel, 12.48% increase recorded in December 2021 compared to December 2019.

Pre Biofach Trade Fair 2022 Work Shop

Fri, 28 Jan 2022 00:00:00 +0000

EDB in collaboration with Import Promotion Desk (IPD), Germany conducted an onsite training program on 25th January, 2025 for exporters who are going to participate for the Biofach trade fair 2022.

IPD hub in Sri Lanka: roadmap now set

Wed, 26 Jan 2022 00:00:00 +0000

In the autumn 2021, IPD took up residency in its office on the premises of the Sri Lanka Export Development Board (EDB) in Colombo. The IPD hub is now set to be officially opened on 27 January in a ceremony attended by Sri Lankan Minister of Trade Hon. Bandula Gunawardena, German Ambassador Holger Seubert and Gregor Wolf, Deputy Managing Director of the Federation of German Wholesale, Foreign Trade and Services (BGA).

Electronic and Electrical Sector breaks record with over US $ 422 mn export earnings in 2021

Tue, 25 Jan 2022 00:00:00 +0000

Electronic and Electrical Sector has recorded a 30% increase in its export earnings compared to $328mn recorded last year, despite COVID-pandemic challenges.

Leading German importer urges Sri Lankan agri-product exporters to practice superior packaging to capture European markets

Wed, 19 Jan 2022 00:00:00 +0000

Jan Paul Bethke, a leading German importer of Sri Lankan fruits and tea, urged Sri Lankan agri-product exporters to practice effective and superior packaging if they are to be successful in terms of capturing markets in Europe. “If you package your product well, include a QR code (incorporating extensive details such as the farmer who grew products), and convey a personalised story, customers in advanced markets such as Germany and Europe would develop an affinity with your products”, Bethke noted. He made these remarks at a forum organised by the Sri Lanka Export Development Board (EDB) on packaging and value addition strategies to enhance Sri Lanka’s agri-product exports to Germany on 12th January, 2022.

EDB wins Bronze at “CA Sri Lanka’s APFASL Best Annual Reports & Accounts Awards 2021”

Thu, 06 Jan 2022 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) won the bronze award under the statutory board category at the Best Annual Report & Accounts Awards - 2021, organized by the Association of Public Finance Accountants of Sri Lanka (APFASL), which is the public wing of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). This annual event recognizes and honours public sector institutions that demonstrate high-quality financial reporting. For 2021, the APFASL had received 97 applications from public sector institutions to compete for awards at the yearly event.

Rubber Product sector achieved 1 Bn Target in 2021

Fri, 24 Dec 2021 00:00:00 +0000

Sri Lanka’s export in 2021 from rubber product sector has achieved US$ 1 Bn income and the Sri Lanka Export Development Board (EDB) intends to increase it to US$ 3 Bn by 2025. It is imperative to produce superior-quality rubber products in order to achieve this target. The EDB expects that the proposed dedicated industrial zone in Horana for rubber-based manufacturing firms would soon become a reality.

Sri Lanka's Merchandise exports expected to surpass USD12 billion by the end of 2021

Thu, 23 Dec 2021 00:00:00 +0000

Sri Lanka’s merchandise exports increased by 55.11% to US$ 1,215.6 Million in November 2021 compared to November 2020 as per the data released by the Sri Lanka Customs. Exports maintained above one billion dollars for the fifth consecutive month in November this year.

Fair trade - Trading with a Human Touch!

Thu, 23 Dec 2021 00:00:00 +0000

Fair trade is an alternative to conventional trade which strives to support producers and workers across the world, to achieve sustainable and equitable trade relationships.

Brand “Ceylon Cinnamon” with “Born in Sri Lanka” tag promoted in Melbourne

Wed, 15 Dec 2021 00:00:00 +0000

“Born in Sri Lanka – Ceylon Cinnamon” was the title of a virtual event conducted last week in Melbourne, with the participation of a panel of experts and businessmen in the field, for the promotion of Ceylon Cinnamon in the Australian states of Victoria, South Australia and Tasmania. The purpose of the event was to reinvigorate the market enthusiasm for Ceylon Cinnamon in Australia by bringing forth the new information on various export products of Ceylon Cinnamon manufactured in Sri Lanka and the process of their export to Australia with special focus on the Australian regulations and market dynamics.

EDB Conducts Coaching Programme to Enable SMEs Access Export Market Under New Exporter Development Programme

Tue, 14 Dec 2021 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) – Regional Development division implemented an Export Coaching Programme as a pilot project for twenty-five (25) selected, export potential SMEs that are registered under the EDB – New Exporter Development Programme and assist them to develop capacities to enter the export market.

EDB confident of future prospects of export sector

Mon, 06 Dec 2021 00:00:00 +0000

As the country’s exports continue to recover from the COVID-19 pandemic, the Sri Lanka Export Development Board (EDB) remains confident of the future prospects of the country’s export sector, with its focus to break into premium markets.

EDB successfully concluded the 24th Presidential Export Awards Ceremony

Mon, 29 Nov 2021 00:00:00 +0000

Last year, the Export Development Board (EDB) could not hold the Presidential Export Awards for financial year 2019/2020 due to the outbreak of COVID-19 and therefore it was held as a combined awards scheme this year.

Sri Lanka’s merchandise exports continued its robust performance in October 2021, with a new high

Tue, 23 Nov 2021 00:00:00 +0000

Sri Lanka’s merchandise exports increased by 35.9% to US$ 1,160.62 Million in October 2021 compared to October 2020 as per the data released by the Sri Lanka Customs. Exports maintained above one billion for the fifth time this year.

EDB joins GEN Sri Lanka to celebrate Global Entrepreneurship Week

Fri, 12 Nov 2021 00:00:00 +0000

Every year Global Entrepreneurship Week is celebrated during the week of the second Monday in November to appreciate the contribution of entrepreneurs towards the well-being of societies across the world by the Global Entrepreneurship Network (GEN) – a worldwide platform of initiatives and programs that are designed to assist with the creation of a global entrepreneurial ecosystem.

EDB Assist Farmer Groups to Obtain Organic Certification to Facilitate Export Market Access

Thu, 11 Nov 2021 00:00:00 +0000

The demand for organic food products is continuously increasing due to the growing interest in markets such as EU, USA, Middle East, Japan, and China. Among the producing countries, Sri Lanka maintains a reputation as a reliable producer and supplier of organic agricultural products adhering to the internationally required organic standards such as “EU Organic”, “USDA”, “JAS” etc. Even during COVID-19 pandemic, Sri Lanka has received considerable amount of orders for organic food products such as tea, spices, coconut kernel products, jack fruit products, traditional rice, kithul treacle etc. As a result, increasing the supply base of organic food products to serve the foreign orders on time is necessary to bring more foreign currency to the country. Europe, USA, Canada, Japan, and Australia are the main markets for these products. Even though our farmers/processors follow organic agricultural and processing practices, the products will not be marketed as “organic” unless it is verified and certified by a third-party-accredited certification body.

Sri Lanka participates at 2021 China International Import Expo

Wed, 10 Nov 2021 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in China and the Sri Lanka Consulate General in Shanghai has made arrangements to organize Sri Lanka’s participation at the 4th China International Import Expo (CIIE),which is currently taking place at the National Exhibition and Convention Centre in Shanghai.

EDB creates a platform to develop bilateral trade between Sri Lanka and Bangladesh

Mon, 08 Nov 2021 00:00:00 +0000

A multi-party meeting on enhancing bilateral trade between Sri Lanka and Bangladesh was held at the Export Development Board (EDB) on 3rd November, 2021, under the patronage of the Hon. Minister of Trade, Dr. Bandula Gunawardena and High Commissioner of Bangladesh to Sri Lanka H.E Tareq Md Ariful Islam with the participation of companies that export products to Bangladesh.

24th Presidential Export Awards on 26 November

Thu, 04 Nov 2021 00:00:00 +0000

Sri Lanka Export Development Board (EDB) is planning to hold the 24th Presidential Export Awards Ceremony for the financial years 2019/20 and 2020/21 on 26th November 2021 at the Bandaranaike Memorial International Conference Hall (BMICH) under the patronage of His Excellency the President, Gotabaya Rajapaksa.

Sri Lanka participates in INTRAFOOD trade fair in Belgium

Wed, 03 Nov 2021 00:00:00 +0000

The Embassy of Sri Lanka in Belgium, together with the Export Development Board of Sri Lanka (EDB) promoted Ceylon tea, Sri Lanka spices and coconut-based products at the 8th edition of the INTRAFOOD trade fair in Kotrijk, Belgium on 27 to 28 October 2021.

Exports earns nearly one billion dollars in September 2021

Fri, 29 Oct 2021 00:00:00 +0000

Sri Lanka’s merchandize exports in September 2021 recorded US$ 995.8 Mn as per the data released by the Sri Lanka Customs.

Sri Lanka’s virtual boat show commences

Wed, 27 Oct 2021 00:00:00 +0000

Virtual Boat Show Sri Lanka 2021 commenced yesterday (25-10-2021) providing a single platform for all related business sectors involved directly and indirectly in the boat and shipbuilding industry and nautical tourism sector.

New Regulations on Exporter Registration (Food & Agriculture Products) In China

Wed, 13 Oct 2021 00:00:00 +0000

EDB has been informed by the Sri Lanka Embassy in China that New Regulation on Exporter Registration will be in effective from 1st January 2022 imposed by the General Administration of Custom of China (GACC) for all overseas food manufacturers.

Sri Lanka’s ICT/BPM Country Brand the “Island of Ingenuity” Promoted at the ICT Digital Week in Luxembourg

Tue, 28 Sep 2021 00:00:00 +0000

Sri Lanka’s ICT/BPM country Brand the “Island of Ingenuity” – IOI, was promoted at the Digital ICT Week in Luxembourg from 13th to 17th September 2021.

Sri Lanka’s Export Performance January - August 2021

Wed, 22 Sep 2021 00:00:00 +0000

Sri Lanka’s merchandize exports in August 2021 recorded an increase of 14.4 % to US$ 1,083.56 Mn as compared to US$ 947.2 Mn recorded in August 2020 as per the data released by the Sri Lanka Customs.

Sri Lankan Food & Beverage Products Promoted at Trade Events in South Korea

Thu, 16 Sep 2021 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in South Korea organized Sri Lanka product displays to promote the Food & Beverage sector in the Korean market. Sri Lankan food products were promoted in Korea Import Good Fair (KIGF) organized by Korea Importers Association (KOIMA) from 22nd to 24thJuly, 2021, at COEX, Seoul, and during the Seoul Food & Hotel Show (SFH) which was held at Korea International Exhibition Center (Kintex) from 27thto 30th July, 2021. Both events provided opportunities for Sri Lankan entrepreneurs to explore new business leads and strengthen the existing business networks.

A Conference to share information about, and opportunities in, the Buddhist Education Sector in Sri Lanka with prospective institutions in Viet Nam

Mon, 30 Aug 2021 00:00:00 +0000

The Embassy of Sri Lanka in Viet Nam and the Export Development Board of Sri Lanka (EDB) organized a virtual conference to share information about, and opportunities in, the Buddhist Education Sector in Sri Lanka with prospective institutions in Viet Nam, on the 25th of August 2021. The main purpose of holding the virtual conference was to promote Sri Lanka as the prime destination at which prospective Vietnamese Monks, Nuns and laymen may learn, practice and follow the Noble Doctrine of the Lord Buddha. The event was attended by more than 100 Vietnamese Monks, Nuns and laymen who are willing to further their studies in Sri Lanka.

24th Presidential Export Awards Ceremony to be held on 26th November 2021 at BMICH

Mon, 23 Aug 2021 00:00:00 +0000

Sri Lanka Export Development Board (EDB) is planning to hold the 24rh Presidential Export Awards Ceremony for the financial years 2019/20 and 2020/21 on 26th November 2021 at the Bandaranaike Memorial International Conference Hall (BMICH) under the patronage of His Excellency the President, Gotabaya Rajapaksa.

Sri Lanka’s Export Performance January - July 2021

Fri, 20 Aug 2021 00:00:00 +0000

Sri Lanka’s exports have surpassed the $ 1 billion mark in July after four months’ time period where the similar achievement was only recorded in March during this year.

Lankan Embassy in Germany holds webinar on ‘Finding a Market for Agri Products in EU

Fri, 20 Aug 2021 00:00:00 +0000

A webinar on ‘Finding a Market for Agri Products in EU’ with a special focus on organic markets, organised by the Embassy of Sri Lanka in Germany in collaboration with the Import Promotion Desk of Germany and Export Development Board of Sri Lanka was held on 29 July, with over 200 participants across large to SME Agri sector exporters.

Future success in exports driven on back of niche product strategy

Tue, 17 Aug 2021 00:00:00 +0000

EDB Chairman Suresh De Mel noted that Sri Lanka’s future success in exports would be driven on the back of a niche-product strategy. He noted multiple successes of export revenue generation companies and how they have successfully exploited niche markets.

EDB Chief raises concerns over shortage of containers for export shipments

Thu, 12 Aug 2021 00:00:00 +0000

The Export Development Board (EDB) raised concerns on the shortage of containers as a result of multiple global supply chain bottlenecks.

Govt. to boost boat building and related services

Wed, 11 Aug 2021 00:00:00 +0000

The Government yesterday (09-08-2021) said steps would be taken to pursue a national strategy to capitalise on prospects for boat building and related services, with specific proposals earmarked in the upcoming 2022 Budget.

EDB Collaborates with CCC and USAID supported PARTNER Activity to build capacity of Development Officers on regional export facilitation

Fri, 06 Aug 2021 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) is collaborating with The Ceylon Chamber of Commerce (CCC), and the United States Agency for International Development (USAID) supported Partnership for Accelerating Results in Trade, National Expenditure and Revenue (PARTNER) Activity to implement a capacity building programme for Development Officers attached to EDB.

Promotion of Sri Lanka’s exports in Fujian, China

Thu, 05 Aug 2021 00:00:00 +0000

The Sri Lanka Export Development Board in collaboration with The Consulate General of Sri Lanka in Guangzhou and the Department of Commerce of Fujian successfully organized the Fujian, China - Sri Lanka Economic & Trade Forum and Matchmaking event on 28th July 2021 via “video conference + web cast”.

EDB organizes stakeholder forum on organic agricultural exports

Thu, 29 Jul 2021 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in association with the Sri Lanka Accreditation Board (SLAB) under the guidance of the Ministry of Trade organized a stakeholder forum on organic agricultural exports, which was chaired by Trade Minister Hon Bandula Gunawardena, on 27th July at NSBM Green University.

EDB Develops A Vocational Education and Training (Vet) Plan for Sri Lanka’s Electrical & Electronics Industry

Wed, 28 Jul 2021 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) with the assistance of the Tertiary and Vocational Education Commission (TVEC) has prepared a Vocational Education Training Plan (VET Plan) for the Electrical and Electronics sector (EEC sector) in Sri Lanka to identify the skill gaps and training required to satisfy EEC sector needs to develop the Electrical and Electronics industry to support the national export drive. This was jointly funded by the EDB and the TVEC. The Sri Lanka Electronic Manufacturers and Exporters Association (SLEMEA) also extended their support in preparing this report.

Exploring market opportunities in India through Amazon.in

Wed, 21 Jul 2021 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) and Sri Lanka High Commission in New Delhi, India jointly organized an online briefing session with Amazon India (www.amazon.in) on 29th June, 2021, to explore the digital marketing opportunities available for the Sri Lankan exporters in the Indian market via the highly reputed e-commerce platform; amazon.in.

Sri Lanka’s Export Performance January - June 2021

Tue, 20 Jul 2021 00:00:00 +0000

As per the latest statistics released by the Sri Lanka Customs, the export sector performance has been able to maintain its upward trend in June 2021 with exports increasing by 9.41 % to US$ 978.2 Mn compared to June 2020. This upward trend was evident year-on-year for the last four months.

Sri Lanka gets boost to serve $ 15 b Chinese seafood market

Tue, 06 Jul 2021 00:00:00 +0000

Sri Lanka is bracing to re-enter the $ 15 billion Chinese seafood market following a resolution of issues connected to mandatory health certification.

Webinar on “EU Market Trends in Agri Products Sector” organized by Sri Lanka Embassy in Germany

Mon, 05 Jul 2021 00:00:00 +0000

A webinar on “EU Market Trends in Agri Products Sector” organized by the Embassy of Sri Lanka in Germany in collaboration with the Import Promotion Desk of Germany and Export Development Board of Sri Lanka was held on 30 June, 2021 with a view to educating Sri Lankan exporters on trends in the processed food, natural ingredients and fresh produce sectors, who wished to enter or expand in the German and wider EU market.

Sri Lanka’s Export Performance January - May 2021

Tue, 22 Jun 2021 00:00:00 +0000

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.

Bridging over 100 Sri Lankan ICT Companies with UAE Market

Mon, 21 Jun 2021 00:00:00 +0000

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.

Awareness webinar on exporting merchandise to Australia

Wed, 16 Jun 2021 00:00:00 +0000

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.

EDB Chief calls on export-oriented global firms to set up base in SL

Fri, 11 Jun 2021 00:00:00 +0000

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.

EDB Supports Farmers and Processors to obtain Sri Lanka Organic Certification

Fri, 28 May 2021 00:00:00 +0000

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 plans revision to 2021 export target

Mon, 24 May 2021 00:00:00 +0000

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 Singapore FTA to undergo 18 amendments

Sun, 23 May 2021 00:00:00 +0000

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 January - April 2021

Thu, 20 May 2021 00:00:00 +0000

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.

Webinar on prospects of Belarus Sri Lanka bilateral trade development

Wed, 19 May 2021 00:00:00 +0000

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 Kicks Off a New Series of B2B Meetings

Tue, 18 May 2021 00:00:00 +0000

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.

Exclusive Stall for ‘Sri Lankan Products’ at the SPAR Supermarket Outlet in Oman

Mon, 17 May 2021 00:00:00 +0000

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.

EDB supports exporters to continue operations during latest travel restrictions and lockdowns of certain areas in the country

Sat, 15 May 2021 00:00:00 +0000

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.

Webinar on “Accelerating Growth of Food Sector” Buyer –Seller Meet between Sri Lanka and Singapore

Thu, 06 May 2021 00:00:00 +0000

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.

Construction Industry Stakeholders of Sri Lanka and Nepal discuss areas to strengthen collaboration

Wed, 05 May 2021 00:00:00 +0000

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’s Export Performance January - March 2021

Wed, 28 Apr 2021 00:00:00 +0000

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.

B2B meeting to boost Sri Lankan exports of fruits and vegetables to Oman

Mon, 19 Apr 2021 00:00:00 +0000

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.

Regulatory framework to develop boat building industry presented to implementing agencies

Tue, 30 Mar 2021 00:00:00 +0000

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.

Developing Export Potential Women Entrepreneurs

Thu, 25 Mar 2021 00:00:00 +0000

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.

EDB Organizes Webinar on Market Opportunities in India for Sri Lankan Electronic and Electrical sector Exporters

Wed, 24 Mar 2021 00:00:00 +0000

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.

Continuous growth in exports in February 2021 amidst multiple challenges

Tue, 23 Mar 2021 00:00:00 +0000

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.

EDB and Sri Lanka Embassy Collaborated to Promote Targeted Products in Japan

Tue, 16 Mar 2021 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in Japan has taken steps to promote identified Sri Lankan export products with high potential in the Japanese market for the next 3 years.

EDB awareness programme targeting potential exporters in Hambantota district

Fri, 12 Mar 2021 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) launched the first stage of its New Exporter Development Programme – Activities for 2021 by conducting an awareness workshop for entrepreneurs in Hambantota district at Hambantota District Secretariat Auditorium on 10th March. The first awareness workshop was conducted for selected 40 small and medium-sized entrepreneurs in the district with the objective of developing new exporters and creating awareness on opportunities in the export market.

Sri Lanka Oman ICT/BPM sector collaboration mooted

Thu, 11 Mar 2021 00:00:00 +0000

The Sri Lanka Embassy in the Sultanate of Oman jointly with the Export Development Board of Sri Lanka (EDB) organised an introductory webinar on the ICT/BPM sector, in collaboration with Knowledge Oasis Muscat (KOM) with the view to connecting Sri Lankan and Omani ICT/BPM sector companies.

EDB Commemorates International Women’s Day by organizing Export Marketplace Programme for Women Entrepreneurs

Mon, 08 Mar 2021 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) organized an Export Marketplace (Product Pitching) programme coinciding with the International Women’s Day with the objective of enhancing the export market penetration ability of export-potential women entrepreneurs registered under “EDB Women Cell” on 8th March, 2021, at the Auditorium of Hector Kobbekaduwa Agrarian Research and Training Institute (HARTI).

Sri Lankas Earnings from Exports reached to US$ 908.07 Mn in January 2021

Mon, 08 Mar 2021 00:00:00 +0000

Hon. Bandula Gunawardana, Minister of Trade urged the whole stakeholders to actively engage in assisting all exporters of the country in every possible manner during this turbulent period enabling exporters to strengthen our economy.

Meet with Sri Lankan Food and Beverages Exporters at GULFOOD 2021

Wed, 17 Feb 2021 00:00:00 +0000

The Gulf region has built a strong brand identity in the Food and Beverage space. UAE is blessed with a strategic location between East and West which makes its accessible to major emerging economies, linking shipping routes in Middle East, Asia, Europe and Africa. Gulfood Exhibition launched in 1987 and has currently become the World’s largest annual food and beverage trade show. The 2020 edition of the show has attracted more than 93,000 visitors & 5,000 exhibitors from 180 plus countries seeking business opportunities and exploring the latest F&B products and innovation.

EDB Chief spells out measures to aim for $ 16 b goods and services exports in 2021

Tue, 16 Feb 2021 00:00:00 +0000

Sri Lanka Export Development Board (SLEDB) new Chairman Suresh de Mel this week expressed confidence of giving the best shot at realising a near $ 16 billion target for 2021 despite domestic and global challenges. This confidence stems from a plethora of new initiatives as well as fine-tuning existing endeavours to develop and boost exports.

EDB forecasts near $ 16 b total exports in 2021

Mon, 15 Feb 2021 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) is forecasting a performance of $ 15.68 billion in merchandise and service shipments in 2021.

2020 marks a successful year for Sri Lanka exports

Wed, 20 Jan 2021 00:00:00 +0000

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.

MRIA begins fish exports

Mon, 11 Jan 2021 00:00:00 +0000

The SkyUp Airlines PQ-555 outward flight to Ukraine carried 658.5kg fish and seafood from the Mattala Rajapaksa International Airport (MRIA) on January 8. This fish and seafood exports comprised edible Tuna, prawns and mullets.

Export Performance – November 2020

Thu, 24 Dec 2020 00:00:00 +0000

As per the Customs statistics, earnings from merchandise exports recorded a negative growth of 20.97% in November 2020 to US$ 747.58 Mn as compared to the value of US$ 978.80 Mn recorded in November 2019 due to the adverse impact of 2nd wave of Covid 19 pandemic within the country and globally. Reduction recorded in October exports due to the C19 outbreak in Sri Lanka which has had a direct impact on our manufacturing and export facilities also continued in November 2020.

EDB successfully completes capacity-development webinar series for exporters and SMEs in 2020

Thu, 24 Dec 2020 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) last week successfully completed its 30 th capacity-development webinar session to the exporter community and SMEs. Due to the current COVID-19 pandemic situation of the country, the EDB could not carry out its conventional capacity development programmes such as workshops and seminars, due to the health regulations imposed on people-gathering activities. As an alternative method, online sessions were conducted to enhance the capacity and knowledge of exporters and SMEs in Sri Lanka.

Embassy of Sri Lanka in Moscow conducts awareness webinar on Ceylon Cinnamon

Thu, 24 Dec 2020 00:00:00 +0000

The Embassy of Sri Lanka in the Russian Federation with the support of the Sri Lanka Export Development Board organised an awareness webinar and provided the essential unique information about Ceylon Cinnamon to the Russian Spices importers and wholesalers, highlighting the differences between the only true cinnamon in the world and other varieties of cinnamon presented today in the Russian market.

A Collaborative Virtual Workshop on Advanced Technology and Smart Manufacturing for The Rubber Product Industry

Tue, 22 Dec 2020 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) and Plastic and Rubber Institute of Sri Lanka (PRISL) organized a two (2)-day virtual workshop on advanced technology and smart manufacturing to upgrade the knowledge of the industry on technological advancements in the global rubber industry by obtaining the services of local and international technical experts on 18th & 19th December, 2020. This was the third such workshop organized as a follow up to the past workshops in 2018 and 2019 on product Innovation, technology and R&D for the Sri Lankan tyre manufacturing industry.

Newly appointed EDB Chairman Suresh de Mel assumes duties

Mon, 14 Dec 2020 00:00:00 +0000

Suresh de Mel, a well-known entrepreneur, assumed duties as the new Chairman of the Sri Lanka Export Development Board (EDB) yesterday (December 14). He succeeds the outgoing EDB Chairman Prabhash Subasinghe who ended his one-year tenure early this month.

Korean entrepreneur wins business rights for cable car project in Sri Lanka

Fri, 27 Nov 2020 00:00:00 +0000

A Korean entrepreneur has won the business rights to a cable car project in Sri Lanka’s Kandy home of the Temple of the Tooth Relic, which is one of the most sacred Buddhist sites in the world.

Webinar and Networking Session between Sri Lanka and Turkey to enhance bilateral trade, tourism and investment

Tue, 24 Nov 2020 00:00:00 +0000

Embassy of Sri Lanka in Turkey and the Sri Lanka Export Development Board (EDB) jointly organized a Webinar and Business Networking Session last week in collaboration with the Turkish Economic Relations Board (DEIK). More than 85 participants attended the webinar.

Highlights Of The Budget 2021 & Impact On The Export Sector

Thu, 19 Nov 2020 00:00:00 +0000

The export development board is pleased to see an export focused budget which will support strong export growth led by investment, value addition and maximizing our Sri Lankan natural resources, this is a pivotal change in Sri Lanka’s growth strategy which will be led by the exporters.

Sri Lanka to receive same benefits of EU GSP+ for UK from 2021

Sat, 14 Nov 2020 00:00:00 +0000

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.

Export Performance – October 2020

Fri, 13 Nov 2020 00:00:00 +0000

As per the Customs statistics, earnings from merchandise exports recorded a negative growth of 14.9% in October 2020 to US$ 831.72 Mn as compared to the value of US$ 977.3 Mn recorded in October 2019. This poor performance is due to the adverse impact of 2nd wave of Covid 19 pandemic within the country and globally.

EDB intensifies online export promotions

Wed, 11 Nov 2020 00:00:00 +0000

Due to the difficulties of organizing physical export promotion programmes during this pandemic situation, the Sri Lanka Export Development Board (EDB) in collaboration with Foreign Ministry and the Sri Lankan Missions overseas has initiated online sessions to enable foreign buyers and Sri Lankan exporters meet via virtual platforms with the objective of creating trade linkages between Sri Lanka and the rest of the world, as it is imperative to sustain the nation’s export promotional activities in spite of severe challenges caused by COVID-19.

Virtual access to the China Market for Sri Lanka Exporters enabled during CIIE 2020

Fri, 06 Nov 2020 00:00:00 +0000

A Memorandum of Understanding (MOU) was signed on 6th November 2020 between the Sri Lanka Export Development Board and COFCO Womai Investment Co., Ltd to establish an online National Exhibition Hall to promote Sri Lanka’s export products in the www.womai.com e-commerce platform as a parallel activity to the Sri Lanka’s participation at the 3rd China International Import Expo (CIIE) 2020. CIIE 2020 will be held from 5th to 10th of November at the National Convention Center, Shanghai, China with the intention to expand the access to the Chinese market.

EDB sounds alarm on resurgence of COVID in key markets

Thu, 05 Nov 2020 00:00:00 +0000

The Export Development Board (EDB), expressing its concern about the resurgence of COVID-19 in main markets, has called on the private sector to plan and prepare as it is threatening to impact trade once again.

Exports a billion dollars for the 3rd time in 2020 - Export Performance in September 2020

Tue, 13 Oct 2020 00:00:00 +0000

Sri Lanka’s merchandize exports have surpassed the $ 1 billion mark in September after July during this year. Export Development Board (EDB) Chairman Prabhash Subasinghe said, “I am extremely pleased to see $1 Billion of exports in September.

EDB targets over USD 13 b export income this year

Sun, 27 Sep 2020 00:00:00 +0000

The revised export target of the Export Development Board for 2020 is US$ 13.39 billion and of that we expect US$ 9.57 billion from merchandise exports and US$ 3.82 billion from services exports, EDB Chairman Prabhash Subasinghe said. He said the EDB has presented 11 project proposals for the 2021 Budget while continuing the National Export Strategy to develop a vibrant export industry.

Sri Lanka Export Development Board proposes export stimulus reward scheme for exporters

Fri, 25 Sep 2020 00:00:00 +0000

The commendable performance of Sri Lankan exporters and the resilience shown during an unprecedented COVID 19 pandemic is to be rewarded by the Sri Lanka Export Development Board, of the Ministry of Trade, through a proposed export stimulus Reward Scheme.

President led first Export Development Council kicks off new initiatives

Thu, 24 Sep 2020 00:00:00 +0000

The first meeting of the Export Development Council (EDC) was held yesterday under the patronage of President Gotabaya Rajapaksa, focused on resolving issues related to exports in tandem with the National Export Strategy (NES) to be a game-changer in the post-COVID-19 economic transformation of Sri Lanka.

E-commerce Readiness Assessment Report Sri Lanka launched

Tue, 22 Sep 2020 00:00:00 +0000

E-commerce Readiness Assessment Report Sri Lanka was launched by the Commonwealth Secretariat (COMSEC) in collaboration with the Sri Lanka Export Development Board (EDB). The report is the result of a request by the EDB in 2018 for technical assistance from COMSEC to conduct an e-readiness assessment for Sri Lanka and undertake capacity-building programmes on e-commerce for SMEs and women entrepreneurs. The project was funded by COMSEC through the Commonwealth Fund for Technical Cooperation (CFTC). The publication comes at a time when businesses in Sri Lanka were compelled to exploit e-commerce mechanisms in the wake of lockdowns and travel restrictions due to COVID-19.

GPV Lanka wins Gold Award at Taiki Akimoto 5S Awards

Sat, 19 Sep 2020 00:00:00 +0000

GPV Lanka (Pvt.) Ltd won the TAIKI AKIMOTO 5S Gold Award 2019 under the large category presented by Japanese Sri Lanka Technical and Cultural Association (JASTECA).

Exports a near billion dollars for the 3rd consecutive month in a row - Export Performance in August 2020

Mon, 14 Sep 2020 00:00:00 +0000

Sri Lanka’s exports during the month of August 2020 recorded a downfall of 19.2% to US$ 947.7 Mn as compared to the value of US$ 1,033.3 Mn recorded same month of last year.

The Road to Measuring Sri Lanka's Logistics Economic Footprint

Thu, 27 Aug 2020 00:00:00 +0000

Against a transformative and competitive regional backdrop, Sri Lanka aspires to become South Asia’s logistics hub. The leading impetus to this ambitious vision is Sri Lanka’s National Export Strategy (NES); and its prominence to the logistics industry. Directly employing roughly over 50,000 people industry-wide, the sector has an ambitious vision to grow from a traditional transshipment hub to a regional logistics center. Recognized as one of the fastest-growing transshipment hubs in the world, Sri Lanka offers a unique package of innovative multi-modal logistics services.

The V shape recovery of Exports further up in July

Fri, 14 Aug 2020 00:00:00 +0000

Sri Lanka’s exports have surpassed the $ 1 billion mark in July after six months time period where a similar achievement was only recorded in January during this year.

Webinar on Exploring the Pakistan Tea Market for Ceylon Tea

Wed, 12 Aug 2020 00:00:00 +0000

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;

Important China News

Tue, 11 Aug 2020 00:00:00 +0000

Summary Article prepared by Consulate General of Sri Lanka on Important China news in major Chinese newspapers from 17.06.2020 - 16.07.2020

New Director General Appointed to the Export Development Board

Sun, 09 Aug 2020 00:00:00 +0000

Miss. Chitranjali Dissanayake has been appointed as the Director General (DG) of Sri Lanka Export Development Board (EDB) with effect from 4th August 2020.

Wellness webinar series enlightens stakeholders to the potential of the sector

Tue, 28 Jul 2020 00:00:00 +0000

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.

EDB licenses ‘Ceylon Spices’ trademark to preserve originality

Mon, 27 Jul 2020 00:00:00 +0000

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.

EDB’s pioneering initiatives to develop the Wellness Tourism industry

Wed, 22 Jul 2020 00:00:00 +0000

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.

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

Mon, 20 Jul 2020 00:00:00 +0000

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.

The bounce is back - Export Performance June 2020

Sat, 18 Jul 2020 00:00:00 +0000

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.

National Export Strategy for a prompt COVID-19 recovery

Fri, 17 Jul 2020 00:00:00 +0000

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...........

Spa Ceylon crosses 100 stores globally

Thu, 09 Jul 2020 00:00:00 +0000

Spa Ceylon has reaffirmed its position as the world’s largest luxury Ayurveda chain, with their 100th store recently opening in Lisbon, Portugal, followed by the 101st in Warsaw, Poland and 102nd in Bratislava, Slovakia.

The New Paradigm in Sri Lanka Tourism: Exploring the untapped potential of Sri Lanka’s wellness sector

Tue, 07 Jul 2020 00:00:00 +0000

An esteemed panel of local and international experts from the wellness tourism industry have agreed that Sri Lanka has all the necessary attributes to become a leading global wellness player. The comments were made during the first session of a three-part webinar series, held on 3rd July, highlighting the untapped potential of Sri Lanka’s wellness tourism sector.

EDB steps up efforts to preserve Ceylon Cinnamon

Fri, 03 Jul 2020 00:00:00 +0000

The Export Development Board (EDB) is stepping up efforts to further preserve Ceylon Cinnamon, with plans to establish an Internal Control Mechanism.

EDB steps up support for organic exports

Thu, 02 Jul 2020 00:00:00 +0000

The Export Development Board (EDB) has stepped up its support for organic exports, initiating a funding scheme for growers and processors.

Despite COVID 19 pandemic Sri Lanka’s global image rose phenomenally

Tue, 23 Jun 2020 00:00:00 +0000

Sri Lanka Export Development Board’s Director of the Export Agriculture Division Malani Baddegamage in an interview with Daily News Finance yesterday, stressed that Sri Lanka’s global image rose phenomenally following the outbreak of COVID 19 as buyers were convinced with the manner that the Government controlled the spread of global pandemic.

Export Performance – May 2020

Mon, 22 Jun 2020 00:00:00 +0000

Merchandise exports for the month of May 2020 has bounced back to US$ 602 Mn, compared to the previous month of April which was only US $ 277 Mn according to the customs provisional statistics.

Expo 2020 Dubai postponed by a year

Tue, 09 Jun 2020 00:00:00 +0000

Expo 2020 Dubai is gearing up to help shape a post-pandemic world and create a better future for all after a two-thirds majority of Bureau International des Expositions (BIE) Member States voted in favour of postponing the next World Expo by one year. This global mega event will now run from 1 October 2021 to 31 March 2022.

Fast-tracking export resilience: Renewed thinking, renewed strategies

Wed, 03 Jun 2020 00:00:00 +0000

Exports play an important role in a country’s economy as they influence the level of growth, employment and balance of payments. For Sri Lanka, the focus on exports is now more important than ever, as the island nation looks to bring in foreign currency to boost the economy.

Export Performance – April 2020

Thu, 21 May 2020 00:00:00 +0000

According to Customs monthly provisional exports statistics, merchandize export earnings have recorded a historical decrease by nearly 64% to US $ 277.4 Mn from US $ 772.57 Mn documented in April 2019.

Sri Lanka’s IT-BPM industry: A beacon of resilience in the face of COVID-19

Tue, 19 May 2020 00:00:00 +0000

‘Drifting the curve’ is the SLASSCOM industry strategy for building momentum to come out of the ‘corner’ (current situation) stronger. When race car drivers approach a bend on the track, unlike ordinary drivers who slow down, they accelerate. This is known as ‘drifting the curve’. It’s all about how much momentum you have when you come out of the corner.

How Sri Lanka could thrive as an ideal higher education destination

Mon, 18 May 2020 00:00:00 +0000

With Sri Lanka being commended for its highly successful measures in containing the novel coronavirus which led to a global pandemic whilst many developed nations failed to do so, it is an ideal moment for the country to be positive and turn this crisis into an opportunity especially when it comes to higher education.

Export Performance – March 2020

Wed, 29 Apr 2020 00:00:00 +0000

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

Exports: A National Priority

Sun, 19 Apr 2020 00:00:00 +0000

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.

A Clarion Call to Exporters; Commence All Exports!

Fri, 10 Apr 2020 00:00:00 +0000

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.

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

Mon, 06 Apr 2020 00:00:00 +0000

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.

Relief to exporters to overcome covid-19 crisis

Mon, 30 Mar 2020 00:00:00 +0000

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.

Sri Lanka’s Export Performance in January - February 2020

Sun, 29 Mar 2020 00:00:00 +0000

Total merchandise exports for Jan & Feb 2020, was US$ 1,931 which resulted in a reduction of 3.6% compared to the same period in 2019.

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

Tue, 24 Mar 2020 00:00:00 +0000

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.

Sri Lanka Customs Offers a Window of Concession to Exporters During Corona Outbreak

Mon, 23 Mar 2020 00:00:00 +0000

Sri Lanka Customs has taken immediate steps to assist the exporters whose export of products have been delayed by the corona outbreak to export products that have been produced and prepared for exportation as well as goods that are essential and urgently required to be exported to respective countries.

Plant and Coir Exports to be Facilitated Despite the Corona Outbreak

Mon, 23 Mar 2020 00:00:00 +0000

The National Plant Quarantine Stations at the Seaport, Colombo and Bandaranaike International Airport (BIA) in Katunayake are open to accepting samples of plants and coir products for quarantine testing and issuing of certificatio.

Sri Lanka Single Country Exhibition in Jordan garners attention

Fri, 06 Mar 2020 00:00:00 +0000

The Embassy of Sri Lanka in partnership with the Sri Lanka Export Development Board organized a Familiarization tour of the Jordan market for a 13 member delegation of Sri Lankan entrepreneurs from 25 – 27 February to seek entry into the Jordanian market which has been hitherto largely untapped by Sri Lanka.

Exporters must prepare for COVID-19 fallout: EDB chief

Thu, 05 Mar 2020 00:00:00 +0000

The Export Development Board (EDB) yesterday called on the private sector to plan and prepare for the novel coronavirus COVID-19 challenge, which has caused market and supply chain disruptions globally since February, and is threatening to impact trade.

Lanka needs popularize boating as a lifestyle

Thu, 05 Mar 2020 00:00:00 +0000

Sri Lanka needs to popularize boating as a lifestyle to create awareness on the boating activities among the relevant stakeholders and more importantly to increase revenue in a big way, Sri Lanka Export Development Board (EDB), Director General Jeevani Siriwardena said.

Business Networking Event and Market Familiarization Programme for the Sri Lankan Exporters in Egypt

Wed, 04 Mar 2020 00:00:00 +0000

Embassy of Sri Lanka in Egypt organized a business networking event, from 23 to 25 February 2020, with the participation of a 11-member delegation of Sri Lankan exporters, facilitated by the Sri Lanka Export Development Board, funded by the Ministry of Foreign Relations, under the Economic Diplomacy Programme. This event focused on promoting selected Sri Lankan products having a high demand in the Egypt markets namely; Ceylon Tea, Coconut Products, Rubber Products and Spices.

Export Performance - January 2020 - EDB

Wed, 04 Mar 2020 00:00:00 +0000

According to the latest customs provisional data the total exports from Sri Lanka in January 2020, recorded a marginal increase of 0.96% in comparison to the similar period of the previous year, due to the merchandise exports recording a drop of 7.41% and the projected growth of 26% of Service exports, The merchandise exports stood at US$ 961 Mn in January 2020, which is lesser than US$ 77 Mn, in January 2019. The figure for Service exports has not yet been released and the EDB has projected figures based on the past published records. It was revealed that only in the year 2019 the exports recorded over one billion in comparison to the figures of the last five years.

EDB Chairman predicts a bright future for Sri Lanka’s fruit and vegetable exports

Mon, 02 Mar 2020 00:00:00 +0000

Prabhash Subasinghe, Chairman - EDB, predicted a bright future for Sri Lanka’s fruit and vegetable exporters, as the new government under the guidance of HE President Gotabaya Rajapaksa has placed a great emphasis to develop agriculture via advanced technologies. Subasinghe encouraged the fruit and vegetable exporters to exploit the opportunities from the new government’s people-centric economic development policies to generate a higher export income. He made these remarks during a meeting with the industry leaders last week at the EDB.

EDB chief urges rubber exporters to achieve greater heights

Mon, 24 Feb 2020 00:00:00 +0000

Prabhash Subasinghe, Chairman, EDB, urged rubber industry leaders to strive towards achieving greater heights in exports during his maiden discussion with the industry representatives last Wednesday (19th February 2020) since assuming office.

EDB Establishes a Help Desk for Customers

Tue, 18 Feb 2020 00:00:00 +0000

The Export Development Board has taken an initiative to enhance the efficiency and effectiveness of EDB Services delivering satisfaction to all customers.

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

Mon, 17 Feb 2020 00:00:00 +0000

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.

What is Ayurveda?

Fri, 14 Feb 2020 00:00:00 +0000

In the last decade, there has been a seismic cultural shift towards natural medicines. And it seems more people than ever want to explore one of the most ancient and exotic of healing modalities – Ayurveda. Ayurvedic medicine is said to treat the body, mind and spirit of a person as a whole, and the basic principle is that you can fine tune your holistic health and happiness by balancing your three doshas, biological energies which govern all physical and mental processes, and provide an individual blueprint for health and fulfillment.

Automobile Component Manufacturing Industry to link to the Global Value Chain

Thu, 13 Feb 2020 00:00:00 +0000

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.

Export promotion efforts doubled by EDB in 2019

Thu, 13 Feb 2020 00:00:00 +0000

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.

EDB continues the marketing support for the Boat Building Sector

Wed, 12 Feb 2020 00:00:00 +0000

Sri Lanka has an advantage to become the hub for boat manufacturing in Asia Region due to its strategic location and availability of skills. The increasing demand for boats worldwide regional and local for fishing, industrial, commercial, and leisure purposes has opened up huge opportunities and new markets for Sri Lanka.

EDB Chief Pledges Assistance to Revive Tea Exports

Wed, 05 Feb 2020 00:00:00 +0000

Prabhash Subasinghe, Chairman of the EDB, pledged to take innovative measures to reinvigorate the sagging fortunes of the nation’s tea exports during the initial meeting he had with the tea industry stakeholders since assuming office last December.

EDB Chief wants export boom to be everyone’s priority

Fri, 31 Jan 2020 00:00:00 +0000

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.

EDB Chief Assures Support to Industry Heads to Develop Sri Lanka as South Asia’s Logistics Hub

Fri, 31 Jan 2020 00:00:00 +0000

Prabhash Subasinghe, Chairman EDB had a discussion with the leading public and private stakeholders of the country’s logistics sector last Tuesday (29th January) at the EDB as part of the series of initial meetings he had launched with the various industry sectors since assuming office.

EDB Chairman, leading IT/software firms discuss ways to boost exports

Mon, 27 Jan 2020 00:00:00 +0000

EDB Chairman Prabhash Subasinghe had a discussion with the leaders of the country’s top IT/BPO/Software companies last week as part of a series of initial meetings he had launched with the various export sectors of the nation since assuming office last month.

SOUTH ASIA’S FIRST ALL ELECTRIC SUPER CAR LEAVES SRI LANKA FOR GENEVA INTERNATIONAL MOTOR SHOW

Thu, 23 Jan 2020 00:00:00 +0000

Vega Innovations, a subsidiary of CodeGen International (Pvt) Ltd., creates history once again as the Vega EVX, Sri Lanka’s and South Asia’s first fully Electric Supercar is shipped out to Switzerland, to be unveiled at the 90th Geneva International Motor Show, 5-15 March 2020. The vehicle was shipped from the Colombo harbour on Sunday the 19th of January 2020 and will reach its destination in late February.

International exposure for Sri Lankan boat manufacturers at ‘Boot Show’ – Dusseldorf, Germany

Wed, 22 Jan 2020 00:00:00 +0000

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.

EDB Chairman meets country’s leading apparel exporters

Mon, 20 Jan 2020 00:00:00 +0000

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.

Measures to regulate wellness tourism sector in the pipeline

Sun, 19 Jan 2020 00:00:00 +0000

The Sri Lanka Export Development Board (EDB), is working to generate more revenue, particularly foreign exchange through ayurvedic services by catering to niche markets which are growing fast. An emphasis on this sector has been placed in the National Export Strategy (NES) where wellness tourism is a major component.

Merchandise exports top US$ 10.7 bn in first 11 months

Fri, 17 Jan 2020 00:00:00 +0000

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.

EDB's new Chairman meets leaders of top export sectors

Fri, 03 Jan 2020 00:00:00 +0000

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.

New Chairman and Chief Executive of the EDB assumes duties

Fri, 20 Dec 2019 00:00:00 +0000

Prabash Subasinghe, a well-known entrepreneur, assumed duties as the new Chairman of the Sri Lanka Export Development Board (EDB) yesterday (19th). He said that he was proud to be a Sri Lankan and intends to take every possible step to take Sri Lanka to the world. “I am quite honoured to take up this position because I have dedicated my entire life to take Sri Lanka to the world through my numerous business ventures. Now with this appointment, I get the opportunity to take the entire export sector of Sri Lanka to the world”, the newly appointed EDB Chairman remarked.

EDB’s role in promoting Ayurveda services

Tue, 17 Dec 2019 00:00:00 +0000

Sri Lanka Export Development Board (EDB), has identified the export value of the Sri Lankan Ayurveda services back in 2013 and facilitated the International Trade Centre (ITC) to carry out a Study on Sri Lankan Health Tourism industry.

Sri Lankan exporters get insights to GCC product standards

Thu, 12 Dec 2019 00:00:00 +0000

A workshop to educate Sri Lankan exporters on GCC product standards was held at the EDB Auditorium on 20 November with the participation of more than 100 stakeholders engaged in several sectors.

Sri Lankan Pavilion organized by the EDB at Anuga International Food Exhibition in Cologne, Germany

Wed, 11 Dec 2019 00:00:00 +0000

The Export Development Board (EDB) in collaboration with the Sri Lanka Consulate in Frankfurt facilitated participation of Sri Lankan exporters at Anuga 2019, one of the leading world food exhibitions held in Cologne Germany from 5th – 9th 2019.

Hambantota International Port reaches 1 million MT benchmark for 2019

Fri, 06 Dec 2019 00:00:00 +0000

The Hambantota International Port (HIP) had a busy week with six RORO ships calling at the port, discharging 18,288 vehicles from which 16,830 were for transshipment and 1,458 were for local agencies.

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

Tue, 03 Dec 2019 00:00:00 +0000

“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.

Sri Lankan firms secure fruitful results at China International Import Expo

Wed, 27 Nov 2019 00:00:00 +0000

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.

Lankan FinTech companies participate in Singapore Fintech Festival 2019

Tue, 19 Nov 2019 00:00:00 +0000

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.

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

Wed, 13 Nov 2019 00:00:00 +0000

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.

Programme for SME Craft Manufacturers Engaged in Giftware and Lifestyle Products in Philippines

Tue, 12 Nov 2019 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) is implementing a programme to develop 2000 entrepreneurs to become exporters by 2020 at regional level with the objective of encouraging domestic enterprises to invest in export industries to achieve the overall export target US $ 28 billion in 2022.

Trincomalee Port set to double capacity with night navigation and 24 hour operations

Mon, 11 Nov 2019 00:00:00 +0000

In keeping with Ports, Shipping and Southern Development Minister Sagala Ratnayaka’s promise to install night navigation at the Trincomalee Port before the end of this year, the Sri Lanka Ports Authority (SLPA) says it has successfully completed the project.

EDB to hold first ever Sri Lanka Participation at Productronica 2019 in Germany for the Electronics and Electrical Sector

Wed, 06 Nov 2019 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) is organizing a Sri Lanka pavilion at “PRODUCTRONICA 2019” from 12th – 15th November 2019 at MESSE MÜNCHEN, Germany with the assistance of Embassy of Sri Lanka in Germany and Consulate General of Sri Lanka in Frankfurt.

Sri Lanka Wellness Tourism Sector Participation at the “World Travel Market (WTM) London 2019”

Wed, 06 Nov 2019 00:00:00 +0000

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.

Sri Lanka’s Participation At The ETHIO-CON International Construction Exhibition

Wed, 06 Nov 2019 00:00:00 +0000

“It was indeed a pleasure to be a part of the Sri Lanka delegation of 16th Ethio-Con Construction Exhibition in Ethiopia and a great opportunity not only to expand the business globally but also to get to know the vast range of opportunities in Ethiopian market”, stated a Sri Lankan Delegate, APS Lanka at the recently concluded Ethio-Con Construciton Exhibition.

EDB promotes Sri Lanka in Central Europe under GSP Plus facility

Tue, 05 Nov 2019 00:00:00 +0000

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.

Sri Lanka wins Bronze Medal and Judges’ Award in Robotics Olympiad

Fri, 01 Nov 2019 00:00:00 +0000

Sri Lanka reached the semi-finals of the FIRST Global Challenge, an annual Robotics Olympiad that was held this year in Dubai from 25-27 October with 189 countries participating. The team also won the Judges’ Award for Technical Excellence for the best designed robot for the second year running.

EDB Organizes Exporter Marketplace

Fri, 01 Nov 2019 00:00:00 +0000

Under the Trade Information & Promotion strategy, EDB organized an Export Marketplace Programme for the Processed Food and Beverage sector, on Wednesday, 30th October 2019 at the EDB Auditorium with the objective of “Enhance the export market penetration ability of the selected SME entrepreneurs in processed food and beverage sector”

Sri Lankan Embassy takes part in Brazilian trade promotion event

Wed, 30 Oct 2019 00:00:00 +0000

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: A Proud Heritage of Craftsmanship’ at Manila FAME 2019

Wed, 30 Oct 2019 00:00:00 +0000

The Embassy of Sri Lanka in Manila, in cooperation with the Sri Lanka Export Development Board, participated at the Manila FAME 2019 from 17-19 October at the World Trade Centre, Pasay City, Philippines. The delegation comprised 14 members who represented the handicraft, home decor, and lifestyle industry of Sri Lanka.

Public-private collaboration to boost export sector

Tue, 29 Oct 2019 00:00:00 +0000

Involvement of the public and private sector in the development of the country’s economy has been the trend in the world for the past few decades. It is not possible to achieve any sector development by focusing interventions solely on the private or public sector. In fact, many of the challenges faced by the private sector can be overcome only in partnership with the public sector.

IKEA evaluates best firms to start sourcing from Sri Lanka

Tue, 29 Oct 2019 00:00:00 +0000

Swedish-founded global home furnishings and appliances giant IKEA is in the process of evaluating further business opportunities in Sri Lanka to commence trading in the coming months.

We wouldn’t be globally successful without Sri Lanka: IFS

Tue, 29 Oct 2019 00:00:00 +0000

Global enterprise applications company IFS with over $ 700 million in revenue said recently it wouldn’t have been successful without Sri Lanka where it relies heavily for development, product and customer support and innovation.

SLAMERP takes initiative to work towards dedicated rubber city

Mon, 28 Oct 2019 00:00:00 +0000

Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) has initiated discussions with Ministry of Development Strategies International Trade (MODSIT) along with Export Development Board (EDB) and the Board of Investment (BOI) to develop a dedicated rubber City/Zone. This action is part of the rubber masterplan that was launched in 2016/2017 to increase rubber exports.

EDB organises Sri Lanka pavilion at GITEX Technology Week

Wed, 23 Oct 2019 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) organised a Sri Lanka country pavilion at the GITEX Technology Week, held from 6-10 October.

CINEC shines at Presidential Export Awards

Mon, 21 Oct 2019 00:00:00 +0000

CINEC affirmed another milestone in the outstanding performance and academic excellence with the receipt of the Presidential Export Award in the Category of Education Services for the Year 2018 / 2019.

Sri Lanka plans big for 6 month long Expo 2020 Dubai

Fri, 18 Oct 2019 00:00:00 +0000

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.

Participation of Sri Lankan Companies at Supply Side West 2019 Exhibition

Thu, 17 Oct 2019 00:00:00 +0000

Supply Side West will be held on 17 & 18 October 2019 at EXPO hall, Mandalay Bay, 3950 S Las Vegas Blvd Las Vegas, NV 89119.

Sri Lanka discusses Expo 2020 participation with UAE envoy

Wed, 16 Oct 2019 00:00:00 +0000

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.

Iconic Sri Lankan Cricketers Mahela and Kumar - Sri Lanka’s Brand Ambassadors for Expo 2020 Dubai

Mon, 14 Oct 2019 00:00:00 +0000

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 .

EFL bags Best Exporter for Logistics Services at Presidential Export Awards 2018/19

Mon, 14 Oct 2019 00:00:00 +0000

Expolanka Freight Ltd. (EFL), a pioneer provider of global logistics, took home the award for Best Exporter of Logistics Services, at the Presidential Export Awards (PEA) 2018/19, held on 19 September at the BMICH.

Poland and Sri Lanka strengthen bilateral trade relationship

Sat, 12 Oct 2019 00:00:00 +0000

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.

Sri Lanka boat industry captures the Italian market

Thu, 10 Oct 2019 00:00:00 +0000

The boat and shipbuilding sector is identified as a focused sector in the National Export Strategy (NES) 2018-2020. This sector is a leading industry and an emerging export sector offering a wide variety of products and services to international markets.

Strategic action plan to boost wellness tourism

Tue, 08 Oct 2019 00:00:00 +0000

Wellness tourism in Sri Lanka will be boosted by a ground-breaking strategic action plan by the Export Development Board (EDB), which has partnered Australia’s Market Development Facility (MDF) for support.

CCI launches Sri Lanka Housing & Construction Exhibition 2020

Tue, 08 Oct 2019 00:00:00 +0000

The Chamber of Construction Industry Sri Lanka (CCI) held an iconic launch of the forthcoming Build Sri Lanka Housing and Construction International Expo 2020, scheduled from 22-24 May 2020.

Global Swedish giant IKEA resumes sourcing from Sri Lanka Nearly 70 firms keen to do business

Tue, 01 Oct 2019 00:00:00 +0000

IKEA, the Swedish-founded global home furnishings and appliances giant, has resumed sourcing from Sri Lanka with a planned increase in the number of products after a lapse of few years giving a big boost for the export sector.

BoardPAC successfully establishes footprint in Africa

Tue, 01 Oct 2019 00:00:00 +0000

As the most awarded board automation solution with a leading market share in Asia, BoardPAC, in its mission to be ranked number one globally, has firmly established its name in the African region.

Sri Lanka unveils ‘Ceylon Spice’ master brand

Thu, 26 Sep 2019 00:00:00 +0000

The ‘Ceylon Spice’ master brand was officially launched yesterday, as Sri Lanka’s latest national branding attempt for the spice sector, with Government aiming to achieve an export target of $ 880 million from the ‘Spices and Concentrates’ sector by 2022.

‘Ceylon Spices,’ national brand for spices, to be unveiled

Wed, 25 Sep 2019 00:00:00 +0000

The Export Development Board will launch Sri Lanka’s country-of-origin trade mark for the spices sector today (25th September, 2019) at JAIC Hilton, Colombo. The mark supports growers, processors and manufacturers by helping them clearly identify their products as Sri Lankan-made, and informs customers and consumers that all significant parts, produce, processing and products are of genuine Sri Lankan origin.

EDB successfully concluded the 23rd Presidential Export Awards Ceremony

Fri, 20 Sep 2019 00:00:00 +0000

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.

23rd Presidential Export Awards Ceremony on 19th September 2019

Thu, 19 Sep 2019 00:00:00 +0000

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.

Six Lankan garment manufacturers on show at Texworld Paris September edition

Thu, 19 Sep 2019 00:00:00 +0000

Texworld Paris, the undisputed leader when it comes to sourcing for fabrics, components, trimmings and materials for the clothing industry will showcase six Sri Lankan garment manufacturers at the September 2019 edition this week in Le Bourget, Paris.

Stakeholder Workshop Review of E-Commerce Readiness Assessment Report, Of Sri Lanka

Thu, 19 Sep 2019 00:00:00 +0000

Stakeholders from several government agencies and private sector representatives gathered for a two-day workshop to finalize the research report; “e-commerce readiness of Sri Lanka” which has been developed by the Commonwealth Secretariat (COMSEC), UK along with the Sri Lanka Export Development Board (EDB). The workshops were held on 10th and 11th September 2019 at EDB and it was carried out by Ms. Opeyemi Abebe, Trade advisor, COMSEC,UK and Mr. Abhishek Kumar, Senior Consultant, Grail consulting services, India.

EDB promotes women in exports

Wed, 18 Sep 2019 00:00:00 +0000

The EDB’s endeavour of promoting women in exports took a new turn when it established a dedicated Women-Entrepreneur Call in 2017. Over 800 women entrepreneurs across the country are registered with the Women-Entrepreneur Call of the EDB and either export directly or contribute to the supply chain of exports.

‘Production Process Improvement and Market Penetration Program’ in India

Wed, 18 Sep 2019 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Consulate in Mumbai, India organised a group of 11 potential SME entrepreneurs to participate in a ‘Production Process Improvement and Market Penetration Program’ coinciding with ‘Annapoorana – Anufood India 2019,’ India’s leading food and beverage trade show held in Mumbai from 28 August to 2 September.

Doors open for Sri Lankan construction companies in Africa

Sun, 08 Sep 2019 00:00:00 +0000

Sri Lankan construction companies participated at the 16th Ethio-Con International Construction Exhibition held in Addis Ababa, Ethiopia from 24-27 September, securing new business opportunities in the African continent.

Disrupt Asia 2019 returns with new focus on augmented living

Thu, 05 Sep 2019 00:00:00 +0000

Themed ‘Augmented Living,’ the Disrupt Asia 2019 conference organised by the Information and Communication Technology Agency of Sri Lanka (ICTA), is to be held on 12 October, creating a platform for startups to exhibit their innovations on a global scale.

EDB successfully conducts 20th Exporters’ Forum

Wed, 04 Sep 2019 00:00:00 +0000

Sri Lanka Export Development Board (EDB) successfully conducted the 20th Exporters’ Forum on 3 September, at the EDB Auditorium under the patronage of Deputy Minister of Development Strategies and International Trade Nalin Bandara.

FITIS to host API Asia Conference 2019 in October

Tue, 03 Sep 2019 00:00:00 +0000

Colombo will host the API Asia Conference 2019 for the first time in October, in an effort to help transform the ICT industry, and also fast track efforts in ensuring a digitally savvy Sri Lanka. The conference will be held on 2 October at Shangri-La Hotel, Colombo and is organised by the apex body of the ICT industry, Federation of Information Technology Industry Sri Lanka (FITIS).

Peter Kuruvita joins as the Guest Chef for Sri Lanka at Expo 2020 Dubai

Mon, 02 Sep 2019 00:00:00 +0000

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.

EDB holds buyer linkup program for handicrafts under One Village One Product concept in Kandy

Sun, 01 Sep 2019 00:00:00 +0000

With the guidance of Regional Development Division of Sri Lanka Export Development Board (SLEDB), the Central Provincial Office of the SLEDB organised and conducted two training and buyer link up programs for handicrafts under the One Village One Product (OVOP) concept with collaboration of Divisional Secretariat Office Panvila and M/s Peoples Lanka Ltd. on 14 May and 20 June at the Panvila DS Division in Kandy District.

EDB educates on ICT/BPM opportunities...

Sun, 01 Sep 2019 00:00:00 +0000

The Export Development Board (EDB), Ministry of Digital Infrastructure and Information Technology, ICTA together organized an interactive awareness session on August 19 with the objective of leveraging the experiences of the companies who have successfully embarked in the Japanese market and encourage more companies to start business rapport with Japan.

Benefits for IT/BPM sector professionals through SLASSCOM Privilege Loyalty Program

Sun, 01 Sep 2019 00:00:00 +0000

The Sri Lanka Association of Software and Service Companies (SLASSCOM) is partnering with CH17, the specialists in corporate loyalty management services to introduce an exclusive Privilege Card for professionals engaged in the IT/BPM industry.

FITIS’ Infotel 2019 in November

Thu, 29 Aug 2019 00:00:00 +0000

The Federation of Information Technology Industry Sri Lanka (FITIS), the apex body of the ICT industry, will host INFOTEL 2019, the national ICT exhibition, for the 27th consecutive year with the presence of Minister of Digital Infrastructure and Information Technology and INFOTEL Steering Committee 2019 Chairman Ajith P. Perera, at the Ministry of Digital Infrastructure and Information Technology.

EDB organized design & product development Programme for value added batik products under the one village one product concept – Kegalle district

Wed, 28 Aug 2019 00:00:00 +0000

The Central Provincial Office of the Sri Lanka Export Development Board (SLEDB) organized and conducted “Design & Product Development Programme” under the guidance of the Regional Development Division of SLEDB for Value added Batik under the One Village One Product concept with collaboration of the National Design Centre (NDC) Nattarampotha and District Secretariat, Kegalle on the 15th & 17th July 2019 at the District Secretariat Office, Kegalle successfully.

Expo 2020 Dubai: Sri Lanka plans to attract FDI

Sun, 25 Aug 2019 00:00:00 +0000

The government has allocated Rs. 580 million to promote Sri Lanka’s exports, tourism and investment opportunities at Expo 2020 Dubai, which is expected to draw over 25 million visitors.

Exports heading in the right direction - EDB

Sun, 25 Aug 2019 00:00:00 +0000

The country’s exports are heading in the right direction with apparel, coconut and coconut based products, recording an all time high in May, according to the data released by the Export Development Board (EDB) last week.

EDB Assisted SME Pavilion at the Profood/ Propack & Agbiz Exhibition - 2019

Fri, 23 Aug 2019 00:00:00 +0000

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.

EDB assisted SME Pavilion at Ayurveda Expo

Thu, 22 Aug 2019 00:00:00 +0000

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.

SLASSCOM and Norway sign 2-year agreement to collaborate on ICT development and entrepreneurship

Wed, 21 Aug 2019 00:00:00 +0000

The Sri Lanka Association of Software and Services Companies (SLASSCOM) and the Norwegian Ministry of Foreign Affairs entered into a two-year agreement to foster collaboration in the ICT industry. The newly-appointed Norwegian Ambassador to Sri Lanka Trine Jøranli Eskedal and SLASSCOM Chairman Ranil Rajapakse signed the agreement.

EDB completes conducting 87th course on Operational Aspects of International Trade

Fri, 16 Aug 2019 00:00:00 +0000

Sri Lanka Export Development Board (EDB) completes conducting the 87th course on Operational Aspects of International Trade with the participation of 45 executives, holding senior and middle-level positions in private and public sector organisations involved in international trade. The course duration was 10 days including a one-day study tour.

EDB Assists Export Oriented Small and Medium Scale Entrepreneurs at "Shilpa Sena" Science and Technology Exhibition

Fri, 16 Aug 2019 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) has launched a national program to nurture 2,000 new entrepreneurs to be exporters during the period 2017 - 2022, at regional level. The main objective of the program is to encourage domestic enterprises to invest in export industries to achieve the overall export target of US $ 28 billion in 2022. Simultaneously, new entrants have gained opportunities in local and international marketing experience. Accordingly 2000 non-exporter entrepreneurs are planned to be transformed into exporters through capacity, product and market development programmes.

EDB conducts an Awareness Session on NRC’s PPP Programme

Fri, 16 Aug 2019 00:00:00 +0000

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.

Four decades since ‘visionary’ Export Development Act

Tue, 13 Aug 2019 00:00:00 +0000

“This Act is truly visionary; I wish other countries had this in their export development framework!”, remarked a senior official of the Geneva-based International Trade Centre to me some months back. He was referring to the ‘Sri Lanka Export Development Act No. 40 of 1979’, which marks 40 years this month. He had found it to be an institutional arrangement that was far ahead of its time, and is still having relevance today – not just for Sri Lanka, but also for other developing countries. And he would know, having worked on export development strategies for over a dozen countries around the world.

It’s ‘full steam ahead’ for the industry : Boat and ship model testing facility to be set up

Sun, 11 Aug 2019 00:00:00 +0000

The country’s boat-building industry has an ambitious target of doubling its export revenue to reach US $ 250 million by 2022.

National Export Strategy: A year into implementation

Wed, 07 Aug 2019 00:00:00 +0000

Opening a new chapter in the exports playbook, the Government of Sri Lanka launched its flagship national agenda – The National Exports Strategy (NES) – in July 2018. The ambitions and outward looking agenda

Interbrand inspires new ‘Sri Lankan Made’ country-of-origin trademark

Wed, 07 Aug 2019 00:00:00 +0000

Interbrand, the world’s largest and most influential brand consultancy, has completed the development of Sri Lanka’s country-of-origin trademark for the spices sector. The trademark supports growers, processors and manufacturers by helping them to clearly identify their products as ‘Sri Lankan Made’ and informs customers and consumers that all significant parts, produce, processing and products are of genuine Sri Lankan origin.

Sri Lanka Electronic Manufacturers and Exporters Association holds AGM

Wed, 07 Aug 2019 00:00:00 +0000

Sri Lanka Electronic Manufacturers and Exporters Association (SLEMEA) hosted its 21st Annual General Meeting on 25 July at the Ramada Colombo.

Govt. helps biz map Indian entry

Tue, 06 Aug 2019 00:00:00 +0000

To help Sri Lankan companies eyeing the daunting Indian market, the International Trade and Development Strategies Ministry yesterday launched a new report to assist breaking into India, with Minister Malik Samarawickrama undertaking a visit to India this week to help local businesses find success across the Palk Strait.

Export Development Board Celebrates 40th Anniversary with Multi Religious Programme

Mon, 05 Aug 2019 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) celebrated its 40th anniversary with religious observances on 1st August 2019. The anniversary celebration consisted of a multi-religious event, an all-night pirith chanting and alms giving for 40 Buddhist monks. These merits were made at the head office of the EDB on August 1st, 2nd and 3rd.

Sri Lanka’s innovation and entrepreneurship strategy: An agenda to boost economic dynamism

Sun, 04 Aug 2019 00:00:00 +0000

Around the world, shifts in political economy, technology and the environment are contributing to increasingly turbulent conditions in which policymakers are having to respond to complex dynamics and new sources of uncertainty. Science, technology and innovation are often at the heart of these changes.

EDB Turns 40 : Contribution to the Economy of the Nation

Fri, 02 Aug 2019 00:00:00 +0000

The Sri Lanka Export Development Board [EDB] which turned 40 years on 1st August is the premier state organization for the development and promotion of exports. The Board plays myriad roles in the export sector of the economy, as a Policy Advisor, Monitor, Promoter, Facilitator and Knowledge Provider in carrying out its responsibilities of implementing strategies for achieving national export targets.

National Exports Strategy: ICTA partners MoDSIT to implement IT-BPM sector initiatives

Fri, 02 Aug 2019 00:00:00 +0000

The Sri Lanka National Exports Strategy (NES) has been swiftly moving its priority actions into implementation since its launch in July 2018.

Sri Lanka’s skilled workforce has shown its capability to perform in a stellar way, in spite of the challenges faced by the country

Thu, 01 Aug 2019 00:00:00 +0000

Sri Lanka’s skilled workforce was not affected by the recent events that occurred on Easter Sunday when several churches and hotels were attacked by terrorists. The workforce in the electronics industry showed a very high turnover according to leading investors in that sector.

Workshop on Tyre Compounding & Tyre Technology for Sri Lankan Tyre Manufacturing Industry

Mon, 29 Jul 2019 00:00:00 +0000

EDB in collaboration with the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) and Plastic and Rubber Institute of Sri Lanka (PRISL) organized a two day workshop in July 2018 on Product Innovation, Technology and R&D to upgrade the knowledge of the tyre manufacturers/exporters by obtaining the services of Technical Experts from India. The first collaborative tyre workshop was conducted successfully with the participation of over 100 technical personnel of leading tyre manufacturing & exporting companies in Sri Lanka.

Facets 2019 to promote local gem and jewellery industry with bigger and better show

Fri, 26 Jul 2019 00:00:00 +0000

In a bid to attract international dealers to Sri Lanka’s industry, the launch of the 29th edition of Facets International Gem and Jewellery Exhibition, which promises a ‘bigger and better’ show than ever before, was announced recently.

Nine Lankan firms showcase at Texworld/Apparel Sourcing USA and Home Textile Sourcing Expo

Thu, 25 Jul 2019 00:00:00 +0000

Nine Sri Lankan garment manufacturers participated at the summer 2019 editions of Texworld/Apparel Sourcing USA and Home Textile Sourcing Expo this week in the USA.

ICT Industry Skills Council steps up initiatives

Thu, 25 Jul 2019 00:00:00 +0000

In yet another significant step forward, the ICT Industry Skills Council (ICTISC) is planning to introduce significant impetus to the Information and Communication Technology (ICT) Skills Development in the country.

Exports grow 11.4% in first half of 2019

Wed, 24 Jul 2019 00:00:00 +0000

Despite global and local challenges, Sri Lanka’s merchandised and service exports have risen by 11.4% to $ 8.5 billion in the first half of this year, prompting the Government to attribute it to a series of development efforts and assure further support. Releasing the latest yet provisional data, Development Strategies and International Trade Minister Malik Samarawickrama said yesterday that export sector performance was commendable, though he admitted there is significant scope for higher value. “The 11.4% growth, despite the impact of the October 2018 undemocratic constitutional coup, and the Easter Sunday tragedy, as well as global challenges, is very satisfactory. For the first time, three months of first half of 2019 - January, March and June - have produced over $ 1 billion worth of merchandised exports. We had originally set an ambitious $ 20 billion target for 2019, but we may miss it and end up at around $ 18.5 billion, which will be still higher than the $ 16 billion achieved last year,” Samarawickrama said.

Sri Lanka looks for more partnerships with UAE

Tue, 23 Jul 2019 00:00:00 +0000

A delegation led by Hon. Nalin Bandara, Deputy Minister of Development Strategies & International Trade comprising officials from both the public and private sector visited United Arab Emirates (UAE) and met several important trade partners in the UAE. The delegation had very fruitful discussions with the Dubai Chamber of Commerce & Industry, Sharjah Chamber of Commerce & Industry as well as Al-Maya Group and the Lulu Supermarket International.

Sri Lanka, All set for Expo 2020 Dubai

Thu, 18 Jul 2019 00:00:00 +0000

Sri Lanka is now officially an approved participant at the World Expo 2020 Dubai as the Government of Sri Lanka signed the Official Participation Contract with the "Dubai Expo 2020 Bureau” on 08th July 2019. The high level delegation to the UAE for the Contract signing Ceremony was led by Hon. Nalin Bandara, Deputy Minister of Development Strategies & International Trade. Ms. Indira Malwatte, Chairperson & Chief Executive, Sri Lanka Export Development Board as the Commissioner General for Sri Lanka of Expo 2020 Dubai, signed the Official Participation Contract on behalf of Sri Lanka with Mr. Najeeb Mohammed Al-Ali, Executive Director of Dubai Expo 2020 Bureau in the presence of Hon. Nalin Bandara, Deputy Minister of Development Strategy and International Trade.

9 SL garment manufacturers to participate at Texworld/Apparel Sourcing, Home Textile Sourcing in US

Wed, 17 Jul 2019 00:00:00 +0000

A total of nine Sri Lankan garment manufacturers will participate at the summer 2019 edition of Texworld/Apparel Sourcing and Home Textiles Sourcing next week in the US.

Spa Ceylon wins 4 World Spa Awards in Russia

Wed, 17 Jul 2019 00:00:00 +0000

Spa Ceylon, the world’s largest Ayurveda wellness chain, was a major winner at the World Luxury Spa Awards 2019 in St. Petersburg, Russia, bagging four international awards.

EDB exporters’ forums provide relief to businesses

Fri, 12 Jul 2019 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) has been conducting the Exporters’ Forum since its inception from late 70s. The EDB has identified the need of a common platform to discuss and resolve the issues faced by the exporter community in Sri Lanka in order to facilitate exporters to overcome constraints arising from policy and operational issues created by various institutes that regulate, operate, and facilitate cross border trade. The EDB as the nation’s prime institute to facilitate export development created this mechanism to enable exporters to submit their issues to the highest levels of state institutions that cannot be reached easily by a trader. The unique feature of the Exporters’ Forum is the participation of the private sector and the public sector to resolve issues, with the political leadership represented by the relevant minister together with direct ministry-level interventions providing solutions to address those issues.

Sri Lankan pavilion to highlight cultural festivals

Thu, 11 Jul 2019 00:00:00 +0000

Travellers looking for a reason to plan their next holiday to Sri Lanka will find plenty of them at the Sri Lanka Pavilion at Expo 2020 Dubai, experts said at the UAE Sri Lanka Forum.

EDB Implements Capacity Building Programme for SME Jewellery Manufactures - Design, Product and Market Development

Wed, 10 Jul 2019 00:00:00 +0000

The SME Jewellery Manufacturers play an important role in the Gem & Jewellery sector. However their contribution to exports is minimal due to a number of reasons. The two major factors which hinder the progress of the SMEs are the lack of awareness on the benefits of using design as a differentiator in the international market and lack of designers who are capable of producing exquisite designs to attract the high end segment in the international market.

Sri Lanka FMCG products promoted in UAE

Tue, 09 Jul 2019 00:00:00 +0000

The Sri Lanka visiting delegation to Dubai for signing of Official Participation Contract of Expo 2020 Dubai has met with Mr. Kamal Vachani, Group Director of Al Maya Group, a main Super Market Chain in United Arab Emirates. The Sri Lanka delegation for the meeting was led by Ms. Indira Malwatte, Chairperson & Chief Executive of Sri Lanka Export Development Board. Mr. Chaitha Yattogoda, Consul General of Sri Lanka in Dubai was also present for the meeting together with other private and public sector delegates.

EDB held Training of Trainers (TOT) program for the Development Officers and Regional Officers

Mon, 08 Jul 2019 00:00:00 +0000

The EDB has organized a two day Seminar for Development Officers and Regional Officers of the EDB on 3rd and 4th July 2019 at the 3rd-floor auditorium of the EDB with the participation of 60 participants Under the National Export Strategy.

Sri Lanka pavilion at 22nd International Architectural and Design Exhibition in Milano

Mon, 08 Jul 2019 00:00:00 +0000

A Sri Lanka Pavilion is in display at the 22nd International Architecture and Design Exhibition which is being held at the Museum of Modern Art at Triennale di Milano, in Milan, Italy. The theme of the exhibition is ‘Broken Nature: Design Takes on Human Survival’.

Sri Lanka participates in 16th China International Small and Medium Enterprises Fair

Wed, 03 Jul 2019 00:00:00 +0000

Sri Lanka Export Development Board, in coordination with the Consulate General of Sri Lanka in Guangzhou, participated in the 16th China International Small and Medium Fair (CISMEF) from 24-27 June.

Implementation of key tasks under National Export Strategy

Mon, 01 Jul 2019 00:00:00 +0000

Sri Lanka is making a renewed attempt to leverage its geographic advantage in the East-West shipping route, this time as a boat builder and marine tourism destination under the National Export Strategy. The five-year plan formally launched in July 2018 identifies boat building and its related services as one of five key industries to expand Sri Lanka’s export basket and increase export earnings to $ 28 billion by 2022.

Technology transfer program for ornamental fish sector from 26-28 June at NARA

Tue, 25 Jun 2019 00:00:00 +0000

The Export Development Board together with the National Aquatic Resources Research and Development Agency (NARA), National Aquaculture Development Authority (NAQDA), and the Live Tropical Fish Exporters Association will conduct a three-day technology transfer program from 26-28 June in order to make aware the ornamental fish breeders, producers and exporters about the new developments in the industry.

Ceylon Cinnamon to be recognised as Geographical Indication (GI)

Thu, 20 Jun 2019 00:00:00 +0000

Sri Lanka is the leading exporter of true cinnamon to the world and holds almost 80% of the global pure cinnamon market. However, the exporters of Ceylon Cinnamon to the world market, particularly within the European Union (EU) and North American markets, are facing rising competition from substitutes such as Cassia and other varieties of cinnamon supplied by Madagascar and the Seychelles.

Collaborative workshop on tyre compounding and tyre technology in July

Thu, 20 Jun 2019 00:00:00 +0000

EDB in collaboration with the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) and Plastic and Rubber Institute of Sri Lanka (PRISL) will be organizing a two (2) day workshop on Tyre Compounding and Tyre Technology to upgrade the knowledge of the industry on technological advancements in the global tyre industry by obtaining the services of International Technical Experts from India on 25th &26th July 2019 at Hotel Taj Samudra, Colombo. This is the second such workshop to be organized as a follow up to the first workshop in 2018 on Product Innovation, Technology and R&D, for Sri Lankan Tyre Manufacturing Industry.

23rd Presidential Export Awards Ceremony on 19 September

Wed, 19 Jun 2019 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) is planning to hold the 23rd Presidential Export Awards Ceremony under the patronage of President Maithripala Sirisena on 19 September at the BMICH

Participation at Expo 2020 Dubai to boost Sri Lanka

Tue, 18 Jun 2019 00:00:00 +0000

The Expo 2020 Dubai is a global trade exposition showcasing strengths, capabilities and innovation of over 180 countries and set to host over 25 million visitors from across the globe. Set to be one of the largest events ever to be staged in the Arab world and the first of its kind across the Middle East, Africa and Asia, the World Expo is one of the longest standing and largest international events to take place in the world.

Technical exposure and capacity building programme for potential food & beverage entrepreneurs in Thailand

Mon, 17 Jun 2019 00:00:00 +0000

The Sri Lanka Export Development Board in collaboration with the Sri Lanka Embassy in Thailand organized a Technical Exposure and Capacity Building Programme for 12 SME, food & Beverage export potential entrepreneurs coinciding with “THAIFEX – World of Food Asia -2019”, Bangkok, Thailand from 27th May – 1st June 2019.

Tourism Bureau gears up for more promotions

Fri, 14 Jun 2019 00:00:00 +0000

Stakeholders of Sri Lanka tourism have recommenced promotional campaigns to boost the industry, nearly one-and-a-half months since the Easter Sunday attacks.

Global Wellness Tourism Market to Reach USD 1,062.83 Billion by 2025

Fri, 14 Jun 2019 00:00:00 +0000

The global wellness tourism market is expected to reach USD 1,062.83 billion by the end of 2025. The growing interests of the tourists towards the sectors such as health, travel, and foods are the factors driving the growth of the market over the forecast period. However, the rising number of tourist destinations in developing countries such as India and China have attracted more customers from the international market.

Workshop on Productivity Improvement for Rubber Small Holders successfully concluded

Tue, 11 Jun 2019 00:00:00 +0000

The first workshop on “Productivity Improvement for Rubber Small Holders through Adaptation of Modern Technology” was successfully concluded by EDB in collaboration with Ministry of Plantation Industries, RDD & RRI in Kegalle on 31st May 2019 for 40 selected small holder rubber farmers.

National Program to develop 2000 new exporters by the year 2020 Ratnapura District entrepreneurs awareness seminar and Technology exhibition

Mon, 10 Jun 2019 00:00:00 +0000

The Eighth seminar for the Ratnapura District entrepreneurs on the national program of developing 2000 New Exporters was held on June 07, 2019 at the Kethumathi Hotel, Ratnapura,

NES Progress reviewed with Core Team

Fri, 07 Jun 2019 00:00:00 +0000

The Export Development Board (EDB) Advisory Committees of the focus sectors of the National Export Strategy reported their sector progress, issues and targets for the year 2019 at the core team meeting chaired by Minister of Development Strategies and International Trade Malik Samarawickrama on 30 May at the Ministry.

Horizon Campus invests to build new facility to enable over 15,000 student capacity

Thu, 06 Jun 2019 00:00:00 +0000

Founded on principles of excellence, equality and opportunity for all, Horizon Campus today has become one of the country’s leading campuses, carving out a reputation as an academic powerhouse where a clear focus on excellence has secured national and international recognition by gaining approval from the University Grants Commission and the Ministry of Higher Education for their local and affiliated programs as well as being a member of the Association of Common Wealth Universities and the Asia Pacific Quality Network.

Port tariff hike deferred until December

Thu, 06 Jun 2019 00:00:00 +0000

The Sri Lanka Port Authority (SLPA) has deferred the proposed hike in port tariffs until December, to support the economy in the aftermath of Easter Sunday attacks, SLPA Chairman Kavan Ratnayaka told Mirror Business.

A Remarkable Position among Construction Exhibition

Wed, 05 Jun 2019 00:00:00 +0000

CONSTRUCTION EXPO 2019 will be the hub for all major players locally and internationally. It will provide a common platform for all industries that link with construction and will give the participants a chance to show case their products & services which cover all spheres related to the industry. It will be the meeting point for the Domestic and International products & technology suppliers to explore the potential in the Construction Industry in the South Asia Region.

Sri Lanka to host first-ever International Logistics Conference

Wed, 05 Jun 2019 00:00:00 +0000

The logistics industry is reshaping and evolving its role to facilitate a new order of global trade, e-commerce and to reach out to the 21st century consumer with flexibility and speed, modernising the global supply chains. For this reason, strategic distribution hubs connected by air and sea and proximity to markets and transportation hubs makes a location suitable for international logistics to provide services at minimal costs.

Drone delivery could transform healthcare

Wed, 05 Jun 2019 00:00:00 +0000

While Sri Lanka healthcare is renowned to be one of the best in the region, the recent Easter Sunday attacks highlighted a major gap in need of urgent attention – emergency delivery of lifesaving medicine to people in dire need of help. The unprecedented simultaneous bombings caused a shortage of blood, leaving hospitals scrambling to bring down blood from other areas of the country. While the country had enough blood to meet the emergency demand, it lacked an effective to move it from where it was to where it needed to be.

Aitken Spence Printing certified with world’s leading print facility validation

Mon, 03 Jun 2019 00:00:00 +0000

Market leader Aitken Spence Printing & Packaging Ltd. has again proved itself as a trendsetter in the industry by obtaining the G7 Master Facility Qualification-Colourspace, the highest level of the G7 compliance and the most stringent.

Productivity Improvement programs for rubber smallholders in Kegalle

Fri, 31 May 2019 00:00:00 +0000

EDB together with the Ministry of Plantation Industries, RDD and the RRI be organized a series of workshops to give small holder farmers the necessary awareness and knowledge on productivity improvement through adaptation of modern technology in the year 2019.

SL, India and Japan sign MoC to develop ECT

Wed, 29 May 2019 00:00:00 +0000

Sri Lanka, India and Japan yesterday signed a Memorandum of Cooperation (MoC) for the development of the long awaited East Container Terminal in the Colombo harbour.

Sri Lanka’s Ports and Logistics sectors at Transport Logistics Fair in Munich

Tue, 28 May 2019 00:00:00 +0000

Given Sri Lanka’s strategic geographic location along the main east-west sea route in the Indian Ocean, at the crossroads of the fastest growing region of the world with proximity to many emerging markets, the Country is ideally positioned as a very viable hub in the South Asian Region. Underscoring Sri Lanka’s attractiveness as a hub, the Port of Colombo is globally recognized among the top dozen ‘best connected’ container ports worldwide, with all major container shipping lines using it as the primary regional hub for transshipment to and from the sub-continent.

FACETS: Showcasing gems and jewellery to suit every taste

Tue, 28 May 2019 00:00:00 +0000

It’s that time of the year once again to announce the approach of the premier event of the gem and jewellery industry of Sri Lanka – the FACETS International Gem and Jewellery Exhibition. All are invited to visit the 29th edition of FACETS, which is scheduled to be held at the end of August at the BMICH.

How are we doing in e-government?

Mon, 27 May 2019 00:00:00 +0000

It is customary to assess some aspect of the performance of a country using a composite index such as the Ease of Doing Business Index or the Network Readiness Index. For government services, there is the e-Government Development Index (EGDI), issued every two years by the UN Department of Economic and Social Affairs.

Colombo Port container volumes up by 9.1% in April

Mon, 27 May 2019 00:00:00 +0000

The Colombo Port container volumes indicates an increase in the month of April 2019 by 9.1% compared to the same period last year.

From Iceland to China: Connecting a Global Fresh Fish Network

Sun, 26 May 2019 00:00:00 +0000

Connecting global markets has always been a core value proposition for Sri Lanka. For centuries the island nation has leveraged its strategic geopolitical positioning to connect the East and the West. Now, as traditional logistics models are disrupted by technological advancements, geographic location is gradually losing its relevance. Despite this, Sri Lanka looks set to continue being a vital piece of the global logistics puzzle through a transition from one core strength to another: a world class tech industry and strong affinity for disruptive digital innovation. The country’s robust talent pool and innovative culture has helped it be a part of global supply chains that would never traditionally cross Lankan shores. Nowhere is this better exemplified than in the case of 99X Technology and IceFresh.

Sri Lanka: The Digital Gateway to Asia

Sat, 25 May 2019 00:00:00 +0000

Sri Lanka's geo-strategic location has always made the country an ideal destination to those who wish to access emerging Asian markets. Global multinationals looking to enter large South Asian economies such as India, Pakistan, and Bangladesh have increasingly utilized Sri Lanka as a testing ground to gauge opportunities and utilize the territory as an innovative incubation hub for the region.

A Compelling Opportunity for Global Investors

Fri, 24 May 2019 00:00:00 +0000

Sri Lanka has built a reputation for churning out world-class solutions for multi-billion-dollar industries around the world. Availability and access to top engineering talent, creativity and resourcefulness, and a collaborative mentality to co-innovate solutions differentiate Sri Lanka from other locations.

SLANSHEI and SLASSCOM engage in strategic partnership to boost IT/BPM industry capacity

Fri, 24 May 2019 00:00:00 +0000

The Sri Lankan Association of Software and Services Companies (SLASSCOM) announces the signing of a strategic partnership with the Sri Lanka Association of Non-State Higher Education Institutes (SLANSHEI), the umbrella organisation formed through the initiation of seven leading private educational bodies addressing the needs of the non-state higher education sector in the country.

Sri Lanka participates at Seafood Expo Global 2019 Brussels

Thu, 23 May 2019 00:00:00 +0000

Sri Lankan seafood exporters participated at the 27th Seafood Expo Global/Seafood Processing Global at the Brussels Expo, the world’s largest trade fair in the fisheries sector, which was successfully held from 7-9 May in Brussels, Belgium.

“Raavana-1” 1st Sri Lankan Satellite to the Space

Thu, 23 May 2019 00:00:00 +0000

“Raavana 1”, Sri Lanka’s first satellite, a cube satellite designed and developed by a team of Sri Lankan engineers was successfully carried to International Space Station from NASA’s Wallops Flight Facility on Wallops Island, Virginia on February 18, 2019. “Raavana 1” will be deployed to 400km orbit in mid June 2019, and will be in operation from July 2019 onwards after establishing communication links with the ground station at Arthur C. Clarke Institute for Modern Technologies (ACCIMT). This was part of a landmark project of the Arthur C. Clarke Institute for Modern Technologies, functions under the purview of the Ministry of Science, Technology and Research. ACCIMT is a key public sector technology institute in Sri Lanka working in this unique field of Space Technology (or Space Engineering).

Messe Duesseldorf bullish on promoting industrial products of Sri Lanka

Wed, 22 May 2019 00:00:00 +0000

Reinforcing Germany’s support to Sri Lanka in need of the hour, world’s leading trade fair organiser Messe Duesseldorf GmbH announced plans to promote ‘Made in Sri Lanka’ as a quality brand and build the country’s industrial products in the international arena.

Accelerating Global Growth Through Sri Lankan Ingenuity

Tue, 21 May 2019 00:00:00 +0000

Sri Lanka is home to a rapidly growing ICT/ BPM industry that thrives on innovation, tech development, and high-end service standards. Rather than going on the path of competing with other developing countries for headcount based outsourced businesses, Sri Lanka focused on developing a niche and specialized talent base carving out a competitive position for high-end product & service development and knowledge services.

UAE, Sri Lanka discuss Expo Dubai 2020

Fri, 17 May 2019 00:00:00 +0000

Transforming Sri Lanka into the hub of the Indian Ocean, with a knowledge-based, highly competitive and social-market economyis the objective of the Vision 2025 policy document of the Government.Making the transistion to anexport, FDI and tourism orientedcountry is the only optionfor Sri Lanka to create better jobs for the youth of our country and to graduate to a higher income economy.

SLEDB’s Sri Lankan ICT/BPM delegation at Japan IT Week 2019

Wed, 15 May 2019 00:00:00 +0000

A top level Sri Lankan ICT/BPM delegation organised by the Export Development Board successfully participated at the Japan IT Week 2019 from 8 to 10 May.

Sri Lanka's Top Exporters & Investors are discussing the current status of the Country

Thu, 09 May 2019 00:00:00 +0000

As per the instructions of the Hon. Malik Samarawickrama, Minister of Development Strategies and International Trade, Export Development Board organized a meeting with the key Exporters and Investors on Friday 03rd May 2019 at the 3rd Floor Auditorium to discuss the current situation of the country.

NES market diversification business mission to Central Europe

Mon, 06 May 2019 00:00:00 +0000

Sri Lanka’s share in the global export market and the contribution of exports to the national GDP has been in decline whereas imports to the country is in the increase. Further exports are dependent on imported inputs therefore, it is noted that the gap between export and import has been continuously increasing.

Hambantota Int’l Port signs terminal service agreements with top players in shipping industry

Mon, 06 May 2019 00:00:00 +0000

Vehicle Carrier, Glovis Sun sailing under the Marshall Islands flag, helped the Hambantota International Port (HIP) to reach its highest discharge volumes to date, when 5,000 transshipment units were discharged in record time last month. The discharge operation was completed 22 hours prior to the expected time and the vessel was able to depart well before schedule the following day.

EFL 3PL looks towards Bots and RPA to stay ahead of the logistics game

Mon, 06 May 2019 00:00:00 +0000

Global logistics service provider, Expolanka Freight Ltd. (EFL), has announced that it has implemented its first wave of transformative Robotic Process Automation (RPA) across all its distribution centres and Freeport to support day-to-day operations, making it the first 3PL to have achieved this in Sri Lanka. Through this move to automate repetitive processes across its portfolio, the country’s most dynamic supply chain services vendor has further strengthened its position at the cutting edge of logistics innovation, adding even greater value to its business offering.

Sri Lanka participated in the Arabian Travel Market

Sun, 05 May 2019 00:00:00 +0000

Sri Lanka participated in the Arabian Travel Market (ATM 2019), the largest annual professional and official exhibition for the Tourism market in the Middle East last week.

“Tourism industry will regain lost ground”

Sun, 05 May 2019 00:00:00 +0000

The tourism industry which suffered economic losses due to the Easter Sunday attacks, looks forward to regain its lost position sooner than expected with the support of the Government.

Lanka Start-up Ecosystem investor forum in Sydney

Tue, 30 Apr 2019 00:00:00 +0000

Consulate General of Sri Lanka in Sydney along with BOV Capital, Colombo and Grant Thornton, Sydney organised an investor forum showcasing the Start-up Ecosystem in Sri Lanka on Wednesday 17 April. Over 50 entrepreneurs who are keen to understand and look at investment potential in the Lankan Start up Ecosystem participated in the investor forum and the business networking.

SLT and AsiaInfo International sign MoU

Sat, 27 Apr 2019 00:00:00 +0000

Sri Lanka Telecom (SLT), the national ICT solutions provider, entered into a partnership with AsiaInfo International Ltd., a leading IT solutions and service integrator in the global communications industry, to introduce digital products and solutions to the Sri Lankan market.

Nine Sri Lankan ICT/BPM Companies to Showcase Offerings and Accelerate Export Opportunities at Japan IT Week 2019

Thu, 25 Apr 2019 00:00:00 +0000

Japan IT Week is one of the world’s leading ICT/BPM-focused exhibitions and provides a myriad of opportunities for professionals, vendors, service providers and customers to meet exhibitors from across the world and develop profitable business relationships. Japan has a strong track record of innovation, making Japan IT Week the ideal platform for Sri Lankan companies to showcase their offerings, establish business relations and expand their footprint in the continent.

Detrimental effects of upward revision of SLPA Tariff – Country’s export targets could be badly hit!!!

Thu, 18 Apr 2019 00:00:00 +0000

Initiative of upward tariff revision by the SLPA has become a controversial matter raising many concerns of exporters/importers during tough times where Sri Lanka is trying to find their position back in the world map as a competitive exporter. However, the SLPA seems adamant to go-ahead with this implementation disregarding the concerns raised by the industry sources revealed. Though the players who are engaged in the international trade continuously insisted that, rates remain unchanged, it is unfortunate that the Authorities are still trying to act in favor of the upward revision.

South Asia’s First LIVE 5G Showcase Demonstrates Future of 5G

Fri, 12 Apr 2019 00:00:00 +0000

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, demonstrated industrial applications of 5G at their live 5G showcase at Dialog Iconic. The showcase was launched on the 2nd of April in the presence of Minister of Telecommunication, Foreign Employment and Sports, Harin Fernando, Minister of Digital Infrastructure and Information Technology, Ajith P. Perera and the High Commissioner of Malaysia to Sri Lanka Tan Yang Thai.

Oceanpick first in South Asia to earn BAP certification for offshore farming

Wed, 10 Apr 2019 00:00:00 +0000

Sustainable oceanic fish farm Oceanpick Ltd. has been awarded the Best Aquaculture Practices (BAP) certification, making Sri Lanka a pioneer in South Asia - and only the 34th country in the world - with a BAP-certified facility.

Sanken catapults Sri Lanka’s premium property market to international status

Wed, 10 Apr 2019 00:00:00 +0000

Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located on the Beira lakefront in Colombo 2, showcased its premium project at the SMART Investment & International Property Expo in Singapore, on 30 and 31 March.

Sri Lanka Export Development Board successfully concluded the 18th Exporters Forum

Thu, 04 Apr 2019 00:00:00 +0000

The 18th Exporters Forum Chaired by Hon. Nalin Bandara, Deputy Minister of Development Strategies and International Trade was held on 3rd April, 2019 at the EDB Auditorium.

EDB expertise on R&D and innovation start-ups to champion enterprise development

Wed, 03 Apr 2019 00:00:00 +0000

Sri Lanka Export Development Board (EDB) together with the Singapore Cooperation Enterprise (SCE) commenced a series of programmes comprising workshops, seminars, etc. to enhance the capacity of selected Government Officials focussing on improving exports through innovation, research and development.

BuildEx Maldives in August

Wed, 03 Apr 2019 00:00:00 +0000

The Maldives National Association of Construction Industry along with Lanka Exhibition & Conference Services Ltd. is proud to present Buildex Maldives 2019, to be held on 22, 23 and 24 August in Malé.

Promote Sri Lanka SME’s at the World’s Largest Food innovation Exhibition –SIAL France under the national pavilion organized by the EDB

Wed, 27 Mar 2019 00:00:00 +0000

The 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. Simultaneously new entrants have gained opportunities in the international marketing experience.

Huawei steps up commitment, growth potential in “innovation hub” SL

Tue, 19 Mar 2019 00:00:00 +0000

Global giant Huawei yesterday (18-03-2019) reiterated its commitment to Sri Lanka, a regional hub for innovation and core business segments delivering good growth with potential for more.

Artificial Intelligence: Making SL future-read

Tue, 19 Mar 2019 00:00:00 +0000

Microsoft and IDC announced via media release the results of a survey where more than 1,600 business leaders and over 1,580 workers across 15 markets in Asia Pacific were asked about the impact of artificial intelligence (AI) on society, business and the economy. The study involved 1,605 business leaders (strategic decision-makers of organisations with 250+ staff) and 1,585 workers (non-decision-makers with an understanding of AI) over a range of industries in 15 markets – namely, Australia, China, Hong Kong, Indonesia, India, Japan, Korea, Malaysia, New Zealand, Philippines, Sri Lanka, Taiwan, Thailand and Vietnam.

Sri Lanka Export Development Board rolls out Champion Builder Initiative to boost ICT/BPM Export Revenue Through Exponential Growth Opportunities

Mon, 18 Mar 2019 00:00:00 +0000

With the launch of Sri Lanka’s “National Export Strategy” (NES) in 2018, the Government of Sri Lanka (GoSL) along with the Sri Lanka Exports Development Board (EDB) is paving the way for the country to move towards an export-led economic strategy. The ICT/ BPM sector will be a cornerstone in this overall strategy as it aims to generate USD 5 billion in export revenue, while creating 200,000 jobs and 1,000 start-ups by 2022.

Development Technology and e-government will soon be a reality

Sat, 16 Mar 2019 00:00:00 +0000

Digital Infrastructure & Information Technology Minister, Ajith P. Perera, said development technology and e-government will soon be a reality in Parliament and government departments. The future will be that delays and excuses for inefficiency will no longer be tangible escape bungs that stifle progress.

Sri Lanka Participation at BioFach 2019 Nuremberg, Germany

Thu, 14 Mar 2019 00:00:00 +0000

The EDB has identified BioFach as one of the best places to promote Sri Lankan organic products to the EU region and other countries. EDB in collaboration with the Sri Lanka Consulate in Frankfurt, Germany organized a national pavilion in an area of 117 s.qm at hall no 02 which was reserved for international exhibitors and most of the EU buyers visited to this hall.

SLINTEC signs agreement with Dynawash to commercialise new dyeing technology

Wed, 13 Mar 2019 00:00:00 +0000

Sri Lanka Institute of Nanotechnology (SLINTEC) signed a research commercialisation agreement with Dynawash Ltd. on 31 January to introduce a new natural textile dyeing technology using biomass pigments.

Final workshop on National Port Master Plan

Mon, 11 Mar 2019 00:00:00 +0000

The final workshop on National Port Master Plan (NPMP) organised together with the Ministry of Ports, Shipping and Southern Development and the Sri Lanka Ports Authority (SLPA) was held last week at Hotel Kingsbury, Colombo with a large gathering of local and foreign professionals.

Italy’s Noberasco to invest in Sri Lankan fruit, vegetable businesses

Mon, 11 Mar 2019 00:00:00 +0000

Representatives of the Lanka Fruit and Vegetable Producers, Processors and Exporters Association and Noberasco sign a memorandum of understanding in February 2019, marking the start of a partnership

World Renowned French Tyre Manufacturer –Michelin Visits Sri Lanka

Thu, 07 Mar 2019 00:00:00 +0000

Mr. Eric Le Corre, Corporate Vice President Public Affairs, Michelin and Ms. Nandita Khurana ,Zone Head – Legal, Michelin met the Chairperson & Chief Executive at the EDB on 7th March 2019 to explore opportunities in the tyre sector. H.E. Eric Lavertu, Ambassador of France, Mr. Herve Sarnelli, Economic Counsellor, Mr. Prabhash Subasinghe, President, SLAMERP and Mr. Ananda Caldera, Member, EDB Advisory Committee were also present at the discussion.

International Education Expo 2019 held in Maldives

Thu, 07 Mar 2019 00:00:00 +0000

The Maldives International Education and Career Expo concluded on a grand scale on Saturday, March 2 at Dharubaaruge, Male’. The three-day event saw over 1,500 students and young adults visiting the exhibition. A total of 50 Institutes promoted various programs/courses at this event. Participated Institutes proudly encompassed not only from Sri Lanka but from India, Maldives, Thailand, Singapore, Malaysia, Germany and Switzerland which made this event a ‘top-notch’ scale exhibition and the largest event in the Maldives.

National program to develop 2000 new exporters by the year 2020

Wed, 06 Mar 2019 00:00:00 +0000

The seventh seminar for the Vavuniya, Mullaitivu and Mannar District entrepreneurs on the national program of developing 2000 new exporters was held on 1 March at the Vavuniya district secretariat conference hall.

Embassy of Sri Lanka in Brazil concludes trade and tourism promotional event in São Paulo

Wed, 06 Mar 2019 00:00:00 +0000

The Embassy of Sri Lanka in Brazil successfully organised a three-day trade and tourism promotional event in Sao Paulo, the commercial capital of Brazil, from 20 to 22 February. The event drew the interest of a large number of prominent Brazilian importers, trade consultants, officials of trade associations, travel journalists and travel trade industries based in Sao Paulo.

EDB Promotes Women Entrepreneurs

Tue, 05 Mar 2019 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) is implementing a number of programmes in commemorating the International Women Day in 2019.

Regional Print Excellence Awards 2019

Mon, 04 Mar 2019 00:00:00 +0000

The Regional Print Excellence Awards 2019 is one of the highly anticipated event in a biennial calendar of Sri Lanka Printing Industry. The event is focused on felicitating and recognizing printers outside Colombo, identifying their contribution to improve the standards of the industry by way of Quality and Creativity, meeting stringent industry standards and continuously reflecting high benchmarks the industry.

Logistics Strategy of the National Export Strategy (NES)

Fri, 01 Mar 2019 00:00:00 +0000

A meeting was convened recently by the Hon. Malik Samarawickarama, Minister of Development Strategies & International Trade (MoDSIT), to discuss the progress of the Logistics Strategy of the National Export Strategy. Mr. S T Kodikara, Secretary of MoDSIT, Mr. J M Thilakaratne Banda, Addl. Secretary of Ministry of Transport & Civil Aviation (MoTCA), Mr. Dhammika Ranatunga, Chairman – Airport & Aviation Services Ltd (AASL), Mrs. Indira Malwatte, Chairperson & CE of Sri Lanka Export Development Board(EDB), Mr. Upali de Zoysa, Addl. Managing Director of Sri Lanka Ports Authority(SLPA) participated at the meeting along with the officials from the Ministry of Ports & Shipping and Southern Development. The Minister commended the participants on their commitment to the national endeavor to implement the Logistics Sector Strategy of NES.

Sri Lanka, An Emerging Electrical and Electronics Sector

Fri, 01 Mar 2019 00:00:00 +0000

The Electrical and Electronics Industry in Sri Lanka has grown over the past 40 years into a key industrial manufacturing sector, contributing towards the country’s economic growth

Over 60 Lankan companies participate in Gulf Food 2019

Thu, 28 Feb 2019 00:00:00 +0000

Over sixty Food and Beverage exporting companies from Sri Lanka successfully participated in the 24th edition of Gulf Food 2019 trade exhibition which is considered as the world's biggest Food & Drink event held annually.The exhibition was held at Dubai World Trade Centre in Dubai, UAE during 17th to 21st February from 11.00am to 7.00 pm daily.The opportunity was effectively utilized for the promotion of Ceylon Tea and food related exports from Sri Lanka to the UAE and Gulf region as well as other global markets.

Sri Lanka’s participation at the EXPO 2020 DUBAI - 20th October 2020 to 10th April 2021 in Dubai, United Arab Emirates

Wed, 27 Feb 2019 00:00:00 +0000

The World Expo is one of the oldest and largest international events taking place every 5 years and lasting for 6 month where everyone can learn, innovate and create progress by sharing ideas and working together through a common theme. United Arab Emirates (UAE) has been selected as the host country for the forthcoming event to be held in year 2020. This World Expo will be held for a period of six months from 20th October 2020 to 10th April 2021 in Dubai under the theme “Connecting Minds, Creating the Future”. The World Expo in Dubai in 2020 will be the first to be held in the MENA & SA (Middle East and North Africa & South Asia Region.

Colombo to become a smart port in 18 months

Tue, 26 Feb 2019 00:00:00 +0000

A full-scale IT infrastructure drive is currently underway to transform Colombo — Sri Lanka’s busiest port — into a ‘smart port,’ Ports, Shipping and Southern Development Minister Sagala Ratnayaka has announced. “Transforming Colombo into a ‘smart port’is a timely need,” the Minister said, adding that Rs. 929 million had been allocated for the project, which has been included in the Asian Development Bank-supported master plan for Sri Lanka’s port development. Ratnayaka said Colombo’s transformation into a smart port would ensure the development of a collaborative approach that would make the port smart in terms of flow, situation or customer management.

International and local IT trailblazers to steer FITIS National CXO Forum 2019

Tue, 26 Feb 2019 00:00:00 +0000

Federation of Information Technology Industry Sri Lanka (FITIS) has joined hands with the Taiwan External Trade Development Council (TAITRA) also known as the Taipei World Trade Centre (TWTC) to promote Computex 2019.

EDB nurtures North Central Province entrepreneurs

Mon, 25 Feb 2019 00:00:00 +0000

The sixth seminar for the North Central Province entrepreneurs on the national program of developing 2000 New Exporters was held on February 22, 2019 at The Golden Mango Resort, Anuradhapura

Government to inculcate Entrepreneurship for Young People in Northern Region with the Assistance of the Government of India.

Fri, 22 Feb 2019 00:00:00 +0000

Government in collaboration with the private sector is in the process of setting up an operation of a Business Center for Incubators and Accelerators in the Northern region in order to develop Enterprises in the Technology Sector by youth in the Northern region.

EDB Hosts Workshop & Industry Visit for Regional ICT/BPM Start –Ups to Groom Them in to Industry Leaders

Thu, 21 Feb 2019 00:00:00 +0000

From the series of ICT/BPM Weeks conducted by Sri Lanka Export Development Board in Kandy, Jaffna, Kurunegala, Marata followed by the roaring success of all events, EDB hosts a follow up program crafted with half-day workshop and an industry visit on 29th of January 2019 at Hatch Works (Pvt) Ltd. in the association with SLASSCOM. The main objectives of this event were to make awareness on how to do a winning pitch to market the business, how the operations happen in incubations centers and the available opportunities in the ICT sector for the Regional ICT companies.

Sri Lankan National Export Strategy Drives 5 Billion Dollar ICT/BPM Industry

Thu, 21 Feb 2019 00:00:00 +0000

The Government of Sri Lanka (GoSL) and the Sri Lanka Exports Development Board (SLEDB) are working to uplift and transform the country’s Information & Communications Technology (ICT) and Business Process Management (BPM) sector as part of its recently launched National Export Strategy (NES).

FITIS and TAITRA to promote Computex 2019 Trade Show in Taiwan

Mon, 18 Feb 2019 00:00:00 +0000

EDB to showcase Ceylon Spices in international market

Sun, 17 Feb 2019 00:00:00 +0000

The National Export Strategy (NES) is progressing in the right direction. It has six focused areas and is expected to provide the impetus for the export drive supporting economic growth, Chairperson of the Export Development Board (EDB), Indira Malwatte said.

SLPA wins second consecutive GPF Ports Authority of the Year 2019 award

Fri, 15 Feb 2019 00:00:00 +0000

Sri Lanka Ports Authority (SLPA) won the Ports Authority of the Year 2019 Award by the Global Ports Forum (GPF) for the second consecutive year at the GPF awards ceremony 2019 followed by the conference forum held at the Hyatt Regency Dubai Deira, in the United Arab Emirates on 20 February.

Minister assures to fast track maritime development plans

Fri, 15 Feb 2019 00:00:00 +0000

Ports, Shipping and Southern Development Minister Sagala Ratnayaka yesterday assured that all maritime development plans will be accelerated, while outlining some of the key projects in progress.

Meet with Sri Lankan Food & Beverage Exporters at Gulfood 2019

Tue, 12 Feb 2019 00:00:00 +0000

UAE is blessed with a strategic location between the East and West, which makes it accessible to major emerging economies, linking shipping routes and facilitating goods' transportation between the various regions in Middle East, Asia, Europe and Africa. Understanding the preciousness of the location, the business community has launched GULFOOD Food & Beverage exhibition in 1987 in Dubai and the exhibition has grown to promote F&B trade between more than 180 countries annually. In 2018 Gulfood set records with 97,000 visitors attending and over 5000 companies from over 185 different countries exhibiting their products.

EDB mulls export expansion in US market

Tue, 12 Feb 2019 00:00:00 +0000

Sri Lanka needs to make greater efforts to get into the US market using the United States Generalized System of Preferences (GSP) scheme as a tool while ensuring that buyers are aware of GSP, said Dr. Fredrik Leuhusen from the School of Management at the University of California, Los Angeles.

Sri Lanka’s First Participation At The “Arab Health 2019”

Mon, 11 Feb 2019 00:00:00 +0000

Sri Lankan Wellness Tourism sector delegation has successfully concluded the participation at Arab Health Exhibition & Congress from 28-31 January 2019 by generating average 100-120 initial business contacts and out of which 75 are potential conversions. All the companies have had successful business contacts with the Travel Agents and other relevant organizations. Most of the Arab Clients have requested short holiday packages average for three four days which will be cost effective and companies are in the process of designing the packages to the identified clients. Delegation has showcased the best offerings of the Sri Lanka Wellness Tourism sector to the Arab clients & most of the travel agents and it was revealed that there is a huge potential for Sri Lanka to promote Wellness Tourism.

Enterprising Sri Lankan exporters showcase at Ambiente 2019

Mon, 11 Feb 2019 00:00:00 +0000

Most of the Sri Lankan firms participating at the world’s largest consumer goods fair Ambiente 2019 in Frankfurt, Germany, expressed confidence over prospects to win more orders.

Capital TRUST Holdings Limited Sri Lanka recognised amongst ‘Asia’s Greatest Brands 2018’

Mon, 11 Feb 2019 00:00:00 +0000

Capital TRUST Holdings Limited has received the ‘Asia’s Greatest Brands 2018’Award in the ‘Diversified’ category. Further, Tushan Wickramasinghe, Chairman/CEO, Capital TRUST Holdings Limited has received the ‘Asia’s Greatest Leaders 2018’ Award.

Sri Lanka launches first grade-wide Smart Classroom

Fri, 08 Feb 2019 00:00:00 +0000

Following the success of the first and the only tab-based Smart Classroom in Sri Lanka, the Ministry of Economic Reforms and Public Distribution, together with the Ministry of Education and CodeGen International Ltd., introduced the first grade-wide deployment of Smart Classrooms at the Sri Jayawardenapura Kotte Boys School on 7 January.

New Sri Lanka shipping policy sees lower dependence on Indian cargo

Tue, 05 Feb 2019 00:00:00 +0000

Sri Lanka’s new national policy for its maritime and logistics sectors foresees reduced dependence on Indian container transshipment cargo, Colombo port’s main business for years, given changes in shipping services and emerging competition from other ports.

Govt to launch seven pilot projects for agriculture development

Fri, 01 Feb 2019 00:00:00 +0000

The Ministry of Development Strategies and International Trade along with the Export Development Board (EDB) will implement seven pilot projects for the development of agriculture for exports this month.

SLASSCOM to host first-ever RPA Hackathon and Conference

Fri, 01 Feb 2019 00:00:00 +0000

The Sri Lanka Association of Software and Services Companies (SLASSCOM) will host the first-ever Robotic Process Automation (RPA) Conference and Hackathon Awards on 13 February at the Galle Face Hotel. Organised by the SLASSCOM Business Process Management (BPM) Forum, this event has already seen many companies submitting entries for the virtual hackathon.

Sri Lankan - based solar power company with facilitation of Embassy in Bahrain, invests $ 10 m

Wed, 30 Jan 2019 00:00:00 +0000

Sri Lankan based JLanka International, a leading solar and renewal energy technology solutions provider in South Asia, has been chosen by the Government of the Kingdom of Bahrain to commission the Sustainable Energy Unit (SEU) under the stewardship and guidance of Minister of Electricity and Water of Bahrain to install solar PV systems on over 500 Government and state-owned buildings in Bahrain including schools, universities, corporates and hospitals, among others. This is particularly significant since the total value of investment would be in excess of $ 10 million.

Awareness seminar for Sabaragamuwa Province entrepreneurs

Tue, 29 Jan 2019 00:00:00 +0000

The fifth seminar for the Sabaragamuwa Province entrepreneurs on the national program of developing 2,000 exporters was held on 28 January at The Factory Ambanpitiya, Kegalle.

Hatch Colombo marks centre of gravity for all things start-up

Mon, 28 Jan 2019 00:00:00 +0000

Sri Lanka’s largest co-working office space and business incubator, Hatch, was launched amidst much anticipation on Thursday, 24 January 2019. A panel discussion comprising of Sri Lanka’s leaders in business and social change marked the first of the action-packed, three-day event – staying true to the space’s objective of developing and sustaining the local entrepreneurial ecosystem, with the larger goal of developing a resilient economy.

ICTA launches National Spatial Data Infrastructure

Sun, 27 Jan 2019 00:00:00 +0000

The National Spatial Data Infrastructure (NSDI), a most awaited platform for Geo Spatial Information in Sri Lanka, was launched by the Information and Communication Technology Agency of Sri Lanka (ICTA) at Trace Expert City recently.

EDB Chairperson reappointed

Fri, 25 Jan 2019 00:00:00 +0000

Export Development Board Chairperson Indira Malwatte has been reappointed by President Maithripala Sirisena.

The Footwear and Leather Fair 2019 kicks off at BMICH

Thu, 24 Jan 2019 00:00:00 +0000

Industry and Commerce, Resettlement of Protracted Displaced Persons and Co-operative Development Minister Rishad Bathiudeen will ceremoniously declare open the Footwear and Leather Fair 2019 at the Sirimavo Bandaranaike Memorial Exhibition Centre, BMICH premises, Colombo, at 10 am on Friday, 25 January, in the presence of the distinguished gathering, which will include participants from India, China, Pakistan and Singapore.

LSE’s Sri Lankan trade-matching technology for cryptocurrency exchange

Thu, 24 Jan 2019 00:00:00 +0000

London Stock Exchange (LSE) group said its trade-matching technology developed by its Sri Lankan unit has been chosen for AAX, a new cryptocurrency digital exchange platform being launched by Hong Kong-based fintech firm ATOM Group.

EDB seeks green light from Quarantine Authorities in China

Mon, 21 Jan 2019 00:00:00 +0000

Sri Lanka Export Development Board (EDB) has made a formal request to the Quarantine Authorities of China for obtaining quarantine clearance for in a bid to support Sri Lankan Agri-entrepreneurs in gaining new ground in China’s organic market.

BoardPAC wins big with 6 Stevie accolades at 2018 International Business Awards

Mon, 21 Jan 2019 00:00:00 +0000

BoardPAC, globally recognised as a leading provider of revolutionary paperless board-meeting automation solutions captured a record six Stevie accolades at the 15th International Business Awards (IBA) 2018 held recently.

Eight Sri Lankan garment manufacturers to participate in Texworld – Apparel Sourcing USA in July

Thu, 17 Jan 2019 00:00:00 +0000

Following an exciting summer edition of Texworld – Apparel Sourcing USA in July 2018, Sri Lanka Chamber of Garment Exporters is organising its first Sri Lankan Pavilion with the representation of eight companies at the first edition of the fair from 21 to 23 January, at Javits Convention Center.

ICT/BPM LANDSCAPE IN SRI LANKA

Wed, 16 Jan 2019 00:00:00 +0000

Sri Lanka, despite its size is fast becoming an emerging destination for contemporary development. Famed for its traditional exports like Pure Ceylon Tea, Apparel and praised as a tourist hotspot, this island nation is now emerging as one of the top tech destinations in the world. The country has proved the strength of a dynamic force in the business world today, playing a dominant role advancing technology and driving innovation across the world.

Sripalie recognised at CIDA 2018 Awards

Wed, 16 Jan 2019 00:00:00 +0000

Sripalie Contractors Ltd. is the proud recipient of a Merit Award at the National Construction Excellence Awards 2018, presented by the Construction Industry Development Authority (CIDA) for the year 2018. The award was given to Sripalie Contractors for the construction of the Apartment Buildings for Prime Homes Ltd. at Thalawathugoda.

Finding Sri Lanka’s Own Brand of Wellness

Thu, 10 Jan 2019 00:00:00 +0000

With the concept of wellness becoming a buzzword in the world, the tourism industry has capitalized on its potential by offering travel experiences that have health and well-being as a core component. International travellers are increasingly considering wellness when planning their holiday itinerary. With trips being organized based on concepts such as physical, psychological and spiritual wellbeing, healthy food and spa treatments.

Exporters hail Govt.’s commitment to bolster trade

Mon, 07 Jan 2019 00:00:00 +0000

Exporters last week hailed the Government’s commitment towards encouraging new champions to international trade and facilitation to ensure Sri Lanka reaches its targets by end of this year whilst urging immediate action over some of the concerns.

Merchandise and service exports up 15% to $ 17 billion in 2018

Fri, 04 Jan 2019 00:00:00 +0000

Sri Lanka’s merchandise and service exports in 2018 are estimated to have hit an all-time high of $ 17 billion, up 15% from a year earlier prompting the Government to be confident of achieving the $20 billion milestone this year.

Port of Colombo handles record-breaking seven millionth TEU

Tue, 01 Jan 2019 00:00:00 +0000

Marking a major milestone, the Port of Colombo handled its seven millionth TEU yesterday, 31 December. A special function was held at the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA) to celebrate the handling of the seven million mark. The function was attended by Minister of Ports, Shipping and Southern Development Sagala Rathnayake and Ministry of Ports, Shipping and Southern Development Secretary and Sri Lanka Ports Authority (SLPA) Chairman Dr. Parakrama Dissanayake.

Enhancing Capabilities of the Footwear Industry to Maximize benefits under International Trading Arrangements

Thu, 27 Dec 2018 00:00:00 +0000

The Footwear and Leather sector has been identified as a potential sector by way of creating employment opportunities and earning and saving foreign exchange earnings. Since the local market is limited, exports are essential for the sustainability of the industry. This industry clearly has a significant potential for being a key contributor to the economy of the country, if empowered by appropriate support and guidance. At Present the footwear and Leather industry and its supporting industries including marketing chain employs around 250,000 people directly and indirectly. Sri Lanka’s exports of this sector was US$ 131.38 million and exports to EU was US$ 38.52 million in 2017.

CICT to enhance Colombo Port’s deep water capacity by March 2019

Fri, 14 Dec 2018 00:00:00 +0000

Colombo International Container Terminals (CICT) yesterday announced a significant equipment addition that will enhance the terminal’s deep water capacity and make Colombo one of the few ports in Asia capable of handling vessels of 22,000 + TEUs. The Company said the enhancement encompasses the addition of two new mega Quay Gantry Cranes (QGCs), six new Rubber-tyred Gantry Cranes (RTGs) and 12 Prime Movers, and is planned for completion by March 2019. CICT’s existing QGCs are the biggest gantry cranes in the Indian Subcontinent region, and the addition of two even larger twin-lift QGCs from Zhenhua Port Machinery Company (ZPMC), a global leader in quayside container cranes, will further strengthen the Port of Colombo’s hub status, the Company said.

Sri Lanka to tap all energy sources for power generation

Thu, 13 Dec 2018 00:00:00 +0000

Sri Lanka is working towards deriving maximum power generation from all spectrums of energy sources while minimizing the environmental impact it will cause. “It is important to tap all the power resources to generate the necessary supply and we are considerate of the environmental impact in doing so. Therefore, measures will be taken to mitigate the impact on the environment,” While the government is keen on working towards 100 percent electrification of households in the country, it has provided electricity to all the households requesting power.

EDB held an ornamental plant production program for export

Thu, 06 Dec 2018 00:00:00 +0000

Sri Lanka Export Development Board in collaboration with National Plant Quarantine Service (NPQS), Department of National Botanic Gardens (DNBG) and Sri Lanka floriculture industry experts organized a full day workshop on production of ornamental plants. The workshop was held on 4th December 2018 at the EDB auditorium.

EDB organized an Inward Buyer Delegation from Japan

Wed, 05 Dec 2018 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in Japan organized an Inward Buyer Delegation from Japan, from 3rd to 5th December 2018 with the objective of developing business linkages between Sri Lankan companies and the Japanese buyers as well as to increase awareness among Sri Lankan exporters on the Japanese market.

Technical transfer program for coir-based manufacturers in North Western and Southern provinces

Mon, 03 Dec 2018 00:00:00 +0000

The EDB’s Regional Development Division successfully concluded a Technical transfer program for coir-based manufacturers in the North Western Province (NWP) & Southern Province (SP) from 19-29 November under the ‘2000 Exporters Development Program’.

Sri Lanka wins big at APICTA 2018

Fri, 30 Nov 2018 00:00:00 +0000

At the recently held APICTA 2018, Sri Lanka won 3 Gold Awards and was also able to secure 7 Merit awards. In addition to that, Sri Lanka also emerged as the third highest achiever in the awards tally at APICTA 2018 as well. APICTA or the Asia Pacific Information Communication and Technology Alliance is an association of national ICT organizations representing their respective economies.

NOCU organized an awareness workshop an Organic Farming for International Markets Prospects

Fri, 30 Nov 2018 00:00:00 +0000

NOCU organized an awareness workshop for the stakeholders engaged in organic agriculture related activities to educate them on the role of NOCU and international market prospects for organic agriculture products. Workshop was held on 29th November 2018 at the EDB 3rd Floor Auditorium. This workshop was organized for Growers/Farmers, Processors, Traders, Exporters, Importers Other organic related entrepreneurs etc.

EDB workshop on ornamental plant production program for export

Mon, 26 Nov 2018 00:00:00 +0000

Sri Lanka Export Development Board, in collaboration with National Plant Quarantine Service (NPQS), Department of National Botanic Gardens (DNBG), and Sri Lanka floriculture industry experts, will organise a full day workshop on the production of ornamental plants. The workshop will be held on 4th December at the EDB auditorium.

Successful participation of Sri Lanka at first China International Import Expo in Shanghai

Fri, 23 Nov 2018 00:00:00 +0000

The CIIE is China’s first import expo held at the national level, an innovation in the history of global trade. The first CIIE was held at the National Exhibition and Convention Centre (NECC) and organised by Ministry of Commerce of the People’s Republic of China and Shanghai Municipal People’s Government supported by the World Trade Organization and the United Nations Industrial Development Organisation and organised by the China International Import Expo Bureau and the National Exhibition and Convention Center (Shanghai) Co. Ltd.

Sri Lankan construction companies seek business opportunities in Ethiopia

Fri, 23 Nov 2018 00:00:00 +0000

A delegation from Major Constructors of Sri Lanka (MCSL) representing Sanken Overseas Ltd., Saw Engineering Ltd., Vee Power Ltd. and ELS Construction Ltd., had a business promotion mission in Ethiopia during the first week of November.

EDB organising Inward Buyer Delegation from Japan

Wed, 21 Nov 2018 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in Japan is organising an Inward Buyer Delegation from Japan, from 3-5 December with the objective of developing business linkages between Sri Lankan companies and the Japanese buyers and to increase awareness among Sri Lankan exporters on the Japanese market.

Maldives International Education and Career Expo in February

Tue, 20 Nov 2018 00:00:00 +0000

Maldivian students are increasingly turning towards Sri Lanka as a home away from home for their diverse educational needs. The students of today are very focused and wise in their choice of careers and seek out new avenues and options for education and career development on a regular basis. Increasingly Maldivian students are favouring Sri Lanka to further their education.

Sri Lanka participates in China International Import Expo

Fri, 16 Nov 2018 00:00:00 +0000

Sri Lanka participated in the first China International Import Expo (CIIE) held in Shanghai from 5-10 November 2018.

Promotion of Sri Lanka Food & Beverages Products at the ‘World’s Largest Food innovation Exhibition’ -SIAL France under the national pavilion organized by the EDB

Fri, 16 Nov 2018 00:00:00 +0000

The Salon International de l'Agroalimentaire (SIAL) one of the largest food innovation exhibitions in the world dedicated for agri-food industry, food retail and institutional & commercial catering was held in Paris, France from 21st to 25th October 2018 with the participation of 7200 exhibitors from 110 countries representing 85% of international exhibitors and 160,000 trade visitors from 194 countries.

SRI LANKA'S STRENGTH ON GREEN CONSTRUCTION

Tue, 13 Nov 2018 00:00:00 +0000

Construction is an industry that has a significant impact on environment, economic and social development. The need for greater environmental consideration in the context of sustainable development has been accepted by many governments, businesses, organizations and individuals. ........

Export Development Board organized a Tech Pavilion for INFOTEL - 2018

Mon, 05 Nov 2018 00:00:00 +0000

INFOTEL 2018, the biggest and most prestigious Information and Communication Technology (ICT) exhibition in Sri Lanka and the whole of South Asia organized by FITIS (Federation of Information Technology Industry Sri Lanka), was held from 02nd to 04th November, at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo for the 17th consecutive year. INFOTEL 2018, themed “Towards a Digital Economy”, is aligned with the national priorities of enhancing the digital infrastructure of the country for facilitating a digitally empowered ecosystem while improving the Citizens’ engagement in a digital society. Throughout the three days, thousands of local and foreign visitors were taken part in the exhibition.

EDB, Sri Lanka Consulate in Mumbai, organize Programme for SMEs

Fri, 02 Nov 2018 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in collaboration with the Consulate General of Sri Lanka in Mumbai, India organized a Production Process Improvement and Market Penetration Programme for 10 export ready SMEs identified under 2000 New Exporters Development Programme, coinciding with “Annapoorana – World of Food India 2018” from September 26 – October 2, 2018 in Mumbai, India.

EDB organized the seminar to promote Wellness Tourism

Thu, 01 Nov 2018 00:00:00 +0000

The EDB organized a seminar with Ms.Stella Photi, Founder & Managing Director of Wellbeing Escapes, London, on 31st of October from 9.00 am to 12.00 pm at the EDB. She is a renowned Wellness tourism expert on Wellbeing travel involved in many wellness tourism projects around the world and a much sought after guest speaker in international wellness forums.

Boat Show & Boating Festival Sri Lanka 2018 kicks off

Fri, 26 Oct 2018 00:00:00 +0000

The Boat Show & Boating Festival Sri Lanka 2018 is organised by the Boat Building Technology Improvement Institute (BTI) and Sri Lanka Export Development Board (EDB), in association with the Ministry of Development Strategies and International Trade, the Ministry of Ports and Shipping, and Sri Lanka Ports Authority at Galle Yacht Marina, Port of Galle from 26–28 October.

The EDB ties up with leading Travel Company in UK to promote Sri Lankan Wellness Tourism industry

Fri, 26 Oct 2018 00:00:00 +0000

The Sri Lanka Export Development Board (EDB), as the apex organization for promoting exports, has identified the Health/Wellness Tourism sector as a key focus sector in terms of foreign exchange earnings and as a key sector in the National Export Strategy (NES). There is a clear synergy between global trends and Sri Lanka’s traditional health approaches. The country has natural and traditional endowments that can be used to foster a sustainable wellness tourism value chain that is deeply rooted in local communities and traditions. The growing interest in and demand for wellness services is a favorable global trend for the development of this industry in Sri Lanka. Many countries and destinations are defining themselves as wellness tourism destinations but most do not have Sri Lanka’s rich cultural and wellness lifestyle based heritage. The Average spending of a wellness traveler is around US$ 250 which is far beyond the spending of a general tourist or backpackers.

Sri Lanka recognised as ‘Excellent Overseas Delegation’ at 15th CISMEF Trade Fair, Guangzhou

Thu, 25 Oct 2018 00:00:00 +0000

Sri Lanka was well represented at the 15th International Small and Medium Enterprises Fair (CISMEF), held from 10-13 October at the Poly World Trade Centre in Guangzhou, by a 30-member delegation of Small and Medium Enterprises organised by the Sri Lanka Export Development Board, with the active facilitation of the Consulate General of Sri Lanka in Guangzhou.

Govt introduces B2C direct transaction under E-commerce

Tue, 23 Oct 2018 00:00:00 +0000

The Ministry of Finance and Mass Media as envisaged in the Budget-2018 by the Minister Mangala Samaraweera has established a regulatory framework enabling Sri Lankan companies to initiate Business to Consumer (B2C) direct E-Commerce transactions with overseas customers.

US-China trade war gives local exporters new partnership chances: EDB

Mon, 22 Oct 2018 00:00:00 +0000

Sri Lanka’s exporters have the opportunity to exploit the tariff war between the US and China to attract new foreign partners, the Export Development Board (EDB) said, noting that the environment for exports remained positive with 60% of the total export targets for 2018 being achieved in the first nine months.

EDB chief confident of meeting export targets

Sun, 21 Oct 2018 00:00:00 +0000

The Export Development Board (EDB) is confident of achieving the export target of US$ 17. 5 billion by the end this year and the $ 20 billion by 2020, said EDB Chairperson Indira Malwatte on the sidelines of the 16th Exporter’s Forum held at the EDB auditorium last week.

Sri Lanka Export Development Board holds 16th Exporters’ Forum

Tue, 16 Oct 2018 00:00:00 +0000

The 16th Exporters Forum chaired by International Trade State Minister Sujeewa Senasinghe was held on 16/10/2018 at the Export Development Board auditorium.

Export Development Board Creates Opportunities for Sri Lankan Exporters to enter US Market

Mon, 15 Oct 2018 00:00:00 +0000

Over the last several months, the Export Development Board has developed a relationship with UCLA Anderson School of Management’s Global Access Program (GAP) with a view to strengthening Sri Lanka’s exports to the United States. The Export Development Board has worked closely with GAP Executive Director Dr. Fredrik Leuhusen, in addition to seeking external reference from agencies in New Zealand and Finland who have been among the most frequent GAP clients.

Indian project giant NTC Logistics starts operations in Sri Lanka

Sat, 13 Oct 2018 00:00:00 +0000

One of the largest project logistics companies in India, NTC Logistics started their operations in Sri Lanka last week with a joint venture partner Eagle Logistics.

JCT transhipment volumes increase by 23.3%

Fri, 12 Oct 2018 00:00:00 +0000

The State-owned Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA) witnessed the highest growth of 23.3% in transhipment container throughput for the first nine months (from January to September) in 2018, as against the corresponding period in 2017. During the first nine months of 2018, the transhipment volume handled by Jaya Container Terminal (JCT) reached 1,445,424 TEUs, compared to 1,172,542 TEUs handled for the same period in 2017.

Import Promotion Desk of Germany to partner EDB

Fri, 05 Oct 2018 00:00:00 +0000

The Chairperson and Chief Executive, EDB Indira Malwatte together with the Sri Lanka Embassy in Germany had extremely fruitful discussions with officers from Import Promotion Desk (IPD), the German initiatives for import promotion of selected countries.

EDB organizes Technical Training Program in Malaysia

Thu, 04 Oct 2018 00:00:00 +0000

The EDB with the assistance of Sri Lanka High Commission in Malaysia organized a Technical Training Program for the latex rubber product sectors at the Academy of Hevea Malaysia of Malaysian Rubber Board recently, for twelve technical representatives of leading companies engaged in manufacturing and exporting latex rubber products.

EFL wins Highest Foreign Exchange Earner for logistics services at Presidential Export Awards

Sat, 29 Sep 2018 00:00:00 +0000

Leading global logistics provider Expolanka Freight (Pvt) Ltd (EFL) won the award for Highest Foreign Exchange Earner - Logistics Services at the recently held Presidential Export Awards 2017/2018.

EDB Presents 22nd Presidential Export Awards

Fri, 21 Sep 2018 00:00:00 +0000

The 22nd Presidential Export Awards Ceremony was held to celebrate the outstanding achievements of the Exporters at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo, on September 18, 2018, under the patronage of His Excellency Maithripala Sirisena the President of Sri Lanka.

Minister Malik Samarawickrama calls for more exports – the way forward for Sri Lanka

Thu, 20 Sep 2018 00:00:00 +0000

Following is the address by Minister Malik Samarawickrama at the Presidential Export Awardson 18 September

8 Lankan firms under EDB banner at Texworld/Apparel Sourcing Paris

Tue, 18 Sep 2018 00:00:00 +0000

Eight Sri Lankan companies are taking part under the Export Development Board (EDB) banner at Texworld/Apparel Sourcing Paris which commenced 17/09/2018 and will conclude on 20-09-2018.

Polish push for local boat building industry

Sun, 09 Sep 2018 00:00:00 +0000

In keeping with the government’s aim of developing Sri Lanka’s boat building industry as one of the six sectors of the economic drive, stakeholders are looking at a strategic approach to fuel its growth.

NES IMPLEMENTATION COMMENCES

Thu, 06 Sep 2018 00:00:00 +0000

The National Export Strategy (NES) has started sailing in the high waves after obtaining the Cabinet approval and the launch with all the stakeholders of the NES. The NES, a flagship development project spearheaded by the Development Strategies and International Trade Ministry and Sri Lanka Export Development Board (EDB), together with the public-private partnership, commenced its implementation.

EDB relaunches ‘1000 start-up’ project to support IT/BPM industry to reach US $ 5bn export target

Tue, 28 Aug 2018 00:00:00 +0000

The Export Development Board (EDB) on 27-08-2018 announced the relaunch of the ‘1000 start-up’ initiative, an effort taken towards diversifying Sri Lanka’s export basket and market.

EDB to Develop 2000 Exporters Awareness Program for Entrepreneurs in North Western Province

Mon, 20 Aug 2018 00:00:00 +0000

Sri Lanka Export Development Board (SLEDB) organized a one day seminar to educate the entrepreneurs of the North Western Province on the national program of developing the 2000 new Exporters for the North Western Province entrepreneurs on August 17, 2018 at Hotel Blue Sky, Kurunegala.

Sri Lanka Association of Printers Regional Seminar – Gampaha

Mon, 20 Aug 2018 00:00:00 +0000

Sri Lanka Association of Printers (SLAP) regularly organizes regional seminars in outstation cities targeting the printers in the category of Small and Medium Enterprisesas well as the prospective youth who are interested in starting their career in printing industry. The regional seminar of the 3rdquarter of the year organized by Sri Lanka Association of Printers (SLAP) was held on Saturday, 18th August 2018, at “Saketha MeduraHotel”, Gampaha. The seminar was a huge success and over 60 printersin medium and small enterprise categories, in Gampaha district and over 50 youth who were interested in joining the printing industry attended seminar.

Sri Lanka Export Development Board holds 15th Exporters’ Forum

Tue, 14 Aug 2018 00:00:00 +0000

The 15th Exporters’ Forum chaired by State Minister of International Trade Sujeewa Senasinghe was held on Tuesday 14 August at the EDB Auditorium.

Sri Lankan electronics and electrical sector seeking opportunities in Malaysia and Singapore

Fri, 10 Aug 2018 00:00:00 +0000

Sri Lankan companies have gained more than 28 business leads, about 15 business alliances, joint venture opportunities coupled with market exposure, and studying new trends in technology and innovation by participating in the exposure visit cum business matchmaking programs to Malaysia and Singapore for the electronics and electrical sector organised by Sri Lanka Export Development Board (EDB) in collaboration with High Commissions of Sri Lanka in Malaysia and Singapore from 16-21 July.

Sri Lanka on course for US$ 17.5 bn export target for 2018

Wed, 08 Aug 2018 00:00:00 +0000

Sri Lanka is on course to reach the 2018 export target of US$ 17.5 billion set up by the government, said Chairperson, Export Development Board, Indira Malwatte.

Professional and Career Women Awards 2018 EDB Chairperson recognised for top award in the State and Government Sector

Tue, 07 Aug 2018 00:00:00 +0000

When public sector officials are hardly recognized for their contribution to the national development, particularly management of public organizations and meeting set goals; Women in Management (WIM) in partnership with International Finance Corporation (IFC) a member of the World Bank Group has recognized and awarded the top State and Government Category Award to Mrs. Indira Malwatte, Chirperson & Chief Executive of the Sri Lanka Export Development Board (EDB) for her outstanding contribution in reorganizing the Export Development Board to meet the new challenges and adopting a model of private-public sector partnership in developing and promoting exports and her 40 years of commitment in the export sector.

My biggest problem today is insufficiency of waste material

Mon, 06 Aug 2018 00:00:00 +0000

Sagara Ranga Liyanage, Managing Director of Earth Bond Creations, a company earning foreign exchange by turning waste into finished products, in a country where waste management has become a social issue.

SLAMERP organises rubber testing workshop with Rubber Research Institute, Export Development Board

Wed, 01 Aug 2018 00:00:00 +0000

The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) represents the manufacturers and exporters of rubber products in Sri Lanka, an industry with a history of over 100 years in exporting sophisticated rubber products to international markets.

EDB organises seminar and matchmaking program on Canadian market in Colombo

Thu, 26 Jul 2018 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) organised a seminar and matchmaking program with the services of two Canadian marketing experts. The objective of the program is to increase awareness among Sri Lankan exporters on the Canadian market and to develop business linkages between Sri Lankan companies and buyers in Canada for increasing exports to Canada.

Workshop on product innovation, technology and R&D for SL tyre manufacturing industry

Thu, 26 Jul 2018 00:00:00 +0000

The EDB in collaboration with the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) and Plastic and Rubber Institute of Sri Lanka (PRISL) organised a two-day workshop from 13 to 14 July on product innovation, technology and R&D to upgrade the knowledge of the tyre manufacturers/exporters by obtaining the services of international technical experts.

INTERNATIONAL TRADE SCENARIO

Tue, 24 Jul 2018 00:00:00 +0000

The EDB organized a one hour Panel discussion with Madam Arancha Gonzalez - Executive Director/International Trade Centre, Geneva on “Which Way are Trade Winds Blowing? – Current and Future International Trade Scenario” on Friday 20th July 2018 from 9.00 am to 10.00 am at the Lotus Room at Bandaranaike Memorial International Conference Hall (BMICH) for around 200 participants from the public & private sector stakeholders.

Govt. launches landmark five year National Export Strategy

Fri, 20 Jul 2018 00:00:00 +0000

Opening a new chapter to link local exports to global value chains, Prime Minister Ranil Wickremesinghe yesterday launched the National Export Strategy (NES) as the latest Government effort to boost foreign exchange earnings and employment.

PM to launch 5 year National Export Strategy

Thu, 19 Jul 2018 00:00:00 +0000

The much-awaited five-year National Export Strategy (NES) that lays emphasis on diversification of exports through strengthening of emerging sectors to chart the next export growth cycle of Sri Lanka will be unveiled under the patronage of Prime Minister Ranil Wickremesinghe today (19-07-2018) at a ceremony at the Temple Trees, Colombo.

28th Edition of FACETS - celebrating Sri Lanka’s most sparkling resources

Wed, 18 Jul 2018 00:00:00 +0000

On the 18th of July 2018 at a press conference held at the OZO in Colombo, the Sri Lanka Gem & Jewelry Association announced the launch of the 28th edition of the FACETS International Gem & Jewelry Exhibition.

Tripartite MOU signed between BOI, EDB and Business France

Fri, 13 Jul 2018 00:00:00 +0000

A Memorandum of Understanding was signed between the Board of Investment of Sri Lanka, the Export Development Board of Sri Lanka and Business France today. (13 July 2018)

Export revenue expected to boost as National Export Strategy receives cabinet nod

Tue, 10 Jul 2018 00:00:00 +0000

The NES is a comprehensive and carefully structured five-year strategy aimed at increasing exports and generating enhanced revenue for Sri Lanka’s SMEs and exporters. The implementation of this endeavour will witness the increasing of Sri Lanka’s export revenue to USD$ 28 billion by 2022.

SLANSHEI Contribution to Non-State Higher Education Sector

Sun, 01 Jul 2018 00:00:00 +0000

Sri Lanka Association of Non- State Higher Education Institutes (SLANSHEI) is an umbrella organization formed in the year 2016 through the initiation of seven leading private institutes working for a common set of goals aimed at addressing the needs of the non-state higher education sector in the country. The seven founding members comprised of Sri Lanka Institute of Information Technology ( SLIIT), Colombo International Nautical and Engineering College ( CINEC), Horizon Campus (HC), Asian Pacific Institute of Information Technology ( APIIT), Chartered Accountants of Sri Lanka (CA Sri Lanka), Aquinas and South Asian Institute of Technology and Management (SAITM). Apart from these institutes, Saegis, KIU and Gateway Graduate School have currently gained its full membership.

EDB, Sri Lanka Embassy in Thailand organize Technical Exposure, Capacity Building Programme

Fri, 29 Jun 2018 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in Thailand organized a Technical Exposure and Capacity Building Programme for 13 export ready SMEs identified under 2000 New Exporters Development Programme including Women Entrepreneurs, coinciding with the “THAIFEX - World of Food Asia-2018” from May 28 to June 2, 2018 in Thailand.

The Sri Lanka Export Development Board holds the 14th Exporters' Forum

Mon, 25 Jun 2018 00:00:00 +0000

The 14th Exporters’ Forum Chaired by Hon.Sujeewa Senasinghe’State Minister of International Trade was held on Friday 22nd June, 2018 at the EDB Auditorium.

Ecoeye Lanka Proprietor Nalin Herath endeavouring to win the world

Mon, 25 Jun 2018 00:00:00 +0000

There is an old saying, “Behind Every Successful Man, There is a Woman.” That is a proven truth in the Sri Lankan society. Nalin Herath, the proprietor of Ecoeye Lanka (Pvt) Ltd., is a man of courage.

Sri Lanka finds prospects to trade with Malaysia

Fri, 22 Jun 2018 00:00:00 +0000

Being the Strategic Partner of the Sri Lanka Investment and Business Conclave 2018 organized by the Ceylon Chamber of Commerce (CCC) 2018 from 19th to 21st June 2018, the EDB collaborated with CCC in organizing foreign buyers delegation for the event considering the benefits that will accrue to the development of exports through establishment of trade links, creating investment opportunities into the export sectors and image building efforts of the country.

Boosting Sri Lanka-China trade and investment

Wed, 20 Jun 2018 00:00:00 +0000

In a fresh bid to enhance exports to China and attract investment, industry professionals gathered for a discussion last week organised by the Sri Lanka-China Business Council (SLCBC) of the Ceylon Chamber of Commerce.

EDB says National Export Strategy ready for Cabinet approval

Tue, 19 Jun 2018 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) yesterday said the National Export Strategy (NES) it has designed in collaboration with the export sector stakeholders is ready to be presented to the Cabinet of Ministers for approval.

Sri Lankan boating industry to reach $ 100 mn in 2018

Mon, 18 Jun 2018 00:00:00 +0000

Sri Lanka’s footprint in global boats and shipping sector may be smaller, but Lankan exports in it continue to surge in strong numbers. As a result Sri Lanka is ambitiously positioning for $ 200 million boats and shipping exports by 2022.

Exports to China gets major boost

Mon, 11 Jun 2018 00:00:00 +0000

Sri Lanka’s Export Development Board (EDB) has drawn up a new entry strategy for the Chinese market to pre-identify products using an international consultancy firm/consultant, as most of Sri Lanka’s SMEs fail to complete export orders to China.

EDB opens provincial office in Jaffna

Wed, 06 Jun 2018 00:00:00 +0000

The Export Development Board (EDB), the apex body for exports in the country, will launch its provincial office in Jaffna tomorrow in a bid to encourage domestic enterprises to invest in export industries and facilitate regional entrepreneurs to explore new business opportunities.

EDB adds wellness tourism to export basket from this year

Wed, 06 Jun 2018 00:00:00 +0000

The Export Development Board (EDB) announced that ‘wellness tourism’ would be added to the export basket from this year onwards, setting an initial $ 2 million target for the sector.

EDB eyes $17.4b export revenue

Tue, 05 Jun 2018 00:00:00 +0000

Notwithstanding the global trade decline and sanctions, Sri Lanka has set an ambitious export earning target of $17.4 billion by the end of this year, with 29% of the total target being achieved in the first four months.

22nd Presidential Export Awards on 18 September

Tue, 05 Jun 2018 00:00:00 +0000

The 22nd Presidential Export Awards organised by Sri Lanka Export Development Board (EDB) will be held on 18 September under the patronage of President Maithripala Sirisena at the Bandaranaike Memorial International Conference Hall (BMICH).

Govt. facilitates lapidarists to promote gem cutting services for jewellery and watch industry

Wed, 30 May 2018 00:00:00 +0000

Sri Lanka has been well known as a high-quality cutting and polishing destination with competitive pricing and still maintains a reputation as one of the best cutting centres for service cutting in the world. Sri Lanka’s lapidary sector consists of cutting and polishing of diamonds and coloured gem stones and the industry plays a vital role in adding value to locally produced and imported gem stones. The value addition per carat in the calibrated stone industry is estimated to vary between 25-30% for imported stones and 40-100% for local stones.

EDB discusses National Export Strategy with top Harvard economist

Wed, 23 May 2018 00:00:00 +0000

Officials of the Sri Lanka Export Development Board (EDB) discussed the forthcoming National Export Strategy (NES) and other key initiatives of the agency with top Harvard economist Prof. Ricardo Hausmann last week (16 May).

FACETS to glitter in September

Wed, 23 May 2018 00:00:00 +0000

The Gem & Jewellery Industry of Sri Lanka gears for the 28th edition of its premier exhibition, FACETS Sri Lanka 2018, which will be held from 30 August to 2 September at the BMICH.

Sri Lanka Investment and Business Conclave 2018 in June

Tue, 22 May 2018 00:00:00 +0000

The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, Ministry of Finance, Ministry of Industry and Commerce, Board of Investment of Sri Lanka, Department of Commerce and the Sri Lanka Export Development Board will be organising Sri Lanka Investment and Business Conclave 2018 from 19 to 21 June for the third consecutive year at the Cinnamon Grand Colombo, Sri Lanka.

Food Safety and Standard Authority India to recognise Sri Lankan Food Labs

Mon, 21 May 2018 00:00:00 +0000

Sri Lanka Export Development Board (EDB) is in the process of developing new export diversification strategies to increase the share of exports by effective utilisation of provisions under the Free Trade Agreement (FTA) signed between Sri Lanka and India.

EDB awareness program for Southern Province entrepreneurs to establish 2000 exporters by 2020

Wed, 16 May 2018 00:00:00 +0000

Sri Lanka Export Development Board organised an awareness program for the entrepreneurs of the Southern Province on the national program to establish 2,000 new exporters. The program was held at the Sanaya Hotel, Matara on Friday, 11 May.

A concerted effort for Sri Lanka to expand trade in Pakistan – Visiting Pakistan Delegation -26th & 27th April 2018

Fri, 04 May 2018 00:00:00 +0000

The Sri Lanka Export Development Board under the directive of the Hon. Malik Samarawickrama, Minister of Development Strategies & International Trade arranged a successful inward delegation from Pakistan following the research done by EDB in 2017 on new opportunities in Pakistan, the 2nd largest economy in South Asia. This mission also focused on maximizing trade under the Pakistan Sri Lanka Free Trade Agreement (PSFTA) to achieve the export earnings of US$ 20 million in 2020.

Sri Lanka’s ICT/BPM brand ‘Island of Ingenuity’ debuts in London

Thu, 19 Apr 2018 00:00:00 +0000

The national brand for the Sri Lanka ICT/BPM sector was launched in London on 18-04-2018

Ceylon Cinnamon, Ceylon Tea to be recognised as Geographical Indications in Sri Lanka

Tue, 03 Apr 2018 00:00:00 +0000

Sri Lanka is the leading exporter of true cinnamon to the world and holds 80% of the world market share for true cinnamon.....

Printing in the spotlight at SLECC

Sat, 17 Mar 2018 00:00:00 +0000

The Sri Lanka Printers Exhibition organised by the Sri Lanka Association of Printers (SLAP) was inaugurated yesterday at the Sri Lanka Exhibition and Convention Centre (SLECC) under the patronage of Minister of Special Assignments Dr. Sarath Amunugama and SLAP Chairman Chandralal Jayawardana. Commercial Bank Chairman Dharmma Dheerasinghe, EDB Chairperson and Chief Executive Indira Malwatte and SLAP President Ranjith Fernando were also present as Chief Guests. The exhibition focuses on materials made with advanced technology needed for printing of newspapers

EDB teams with international expert Dr. Franz Linser to foster medical and wellness tourism sector

Fri, 16 Mar 2018 00:00:00 +0000

The EDB organised a wellness tourism seminar with Dr. Franz Linser, international wellness tourism expert from Austria on 27 February at the EDB. Around 70 participants from the Ayurveda resorts, Spa centers, Private hospitals, travel companies and tourism consultants participated this seminar along with some government officials overlook this sector.

Thai Week Seminar in Sri Lanka promotes greater bilateral trade and investment

Wed, 14 Mar 2018 00:00:00 +0000

The Thai Week last week held a special seminar themed ‘Sri Lanka-Thailand Strategic Partnership in the making: Perspectives on trade, investment and development opportunities’ inviting an expert group of panellists to share their views and insights.

“Why be an employee without being a generator of employment” ?

Wed, 14 Mar 2018 00:00:00 +0000

Samantha Mirando, who did not take up the state position due to him after being graduated and became successful in the entrepreneurship field.

Thailand Week Trade Fair opens investment and development opportunities for Sri Lanka

Sat, 10 Mar 2018 00:00:00 +0000

The Thailand Week Trade Fair kicked off 09-03-2018, opening many investment and development opportunities for Sri Lanka. The second edition is taking place at the BMICH and will go on till 11-03-2018.

Australian High Commissioner calls for gender equality, empowerment in Sri Lanka

Fri, 09 Mar 2018 00:00:00 +0000

As Sri Lanka posts one of the lowest female workforce participation rates of any comparable country, Australian High Commissioner to Sri Lanka Bryce Hutchesson yesterday called on all stakeholders to promote gender equality and empowerment to unleash the potential of women in business

Global wellness tourism expert Dr. Linser to meet Lankan industry at EDB seminar

Tue, 27 Feb 2018 00:00:00 +0000

The Sri Lanka Exports Development Board (EDB) has invited Linser Hospitality Austria Managing Director Dr. Franz Linser, who is an internationally renowned wellness tourism expert, to conduct a seminar and consultancy session to the Sri Lankan Wellness Tourism service sector.

ExIm & Logistics Challenge Trophy launched

Mon, 26 Feb 2018 00:00:00 +0000

The Shippers’ Academy Colombo (SAC) in association with the Sri Lanka Export Development Board (EDB) has launched a new corporate quiz for the ExIm & Logistics Trophy for the first time.

EDB holds a Seminar for the Electronics and Electrical Sector Exporters and Potential Exporters

Thu, 22 Feb 2018 00:00:00 +0000

The Export Development Board (EDB) organised a seminar for the electronics and electrical sector exporters and potential exporters in Sri Lanka to make them aware on the recent developments of the industry and the market linkages and trade and tariff concessions in identified regional markets. About 35 participants from the electronics and electrical sector attended this seminar held at the EDB.

Success story of an unsuccessful 200 attempts to can king coconut water

Mon, 19 Feb 2018 00:00:00 +0000

Hela Coco Inventor Hareendra Mahakumara endeavouring to establish a local brand among international soft drink brands said he was unsuccessful 200 times in his attempts to can king coconut water.

Island of Ingenuity national brand for ICT/BPM launched

Fri, 16 Feb 2018 00:00:00 +0000

Sri Lanka’s latest national branding attempt for the ICT/BPM sector ‘IOI - Island of Ingenuity’ was officially launched yesterday, with the Government assuring a Rs. 300 million investment to create a global centre of excellence in high-end product engineering, IP creation and Knowledge Process Outsourcing (KPO).

SLEMEA - SLEDB Business Conference 2018 for electronics and electrical sector

Thu, 15 Feb 2018 00:00:00 +0000

Sri Lanka Electronics Manufacturers and Exporters Association (SLEMEA), in collaboration with Sri Lanka Export Development Board (SLEDB) recently organised a business conference for the Sri Lankan electronics and electrical industry to highlight the importance of the sector in the export market. The conference was held at the EDB and drew around 70 participants.

EDB’s ICT/BPM sector national brand launch

Wed, 14 Feb 2018 00:00:00 +0000

The official brand launch of the Sri Lanka ICT/BPM sector, organized by the Sri Lanka Export Development Board (EDB) with Asian Development Bank (ADB) using technical assistance funding from the Japan Fund, will be held at the Lotus Conference Room, BMICH, on 15-02-2018.

EDB, SLGJA partner to attract innovative jewellery design talent

Thu, 08 Feb 2018 00:00:00 +0000

Sri Lanka Export Development Board (EDB) and Sri Lanka Gem and Jewellery Association (SLGJA) in collaboration with Academy of Design (AOD) launched a One Year Diploma in Jewellery Designing............

Rattan Craft to intensify handicraft exports

Thu, 08 Feb 2018 00:00:00 +0000

Sri Lanka is a fertile ground for handicraft artisans. It is no secret that the creations of their hands are invincible in the world...........

Highlights of Sri Lanka-Singapore FTA which makes watershed in Sri Lankan economy

Tue, 06 Feb 2018 00:00:00 +0000

On 23 January, Sri Lanka marked a significant watershed in the development of its economy when it signed a Free Trade Agreement (FTA) with Singapore after 18 months of negotiations between the trade negotiation teams of both countries.

UK delegation visits EDB

Thu, 01 Feb 2018 00:00:00 +0000

A group of UK Parliamentarians headed by MP Ranil Jayawardena visited EDB recently and discussed the current trade scenario as well as the future potential......

Federation of Malaysian Manufacturers trade delegation visit to EDB

Tue, 30 Jan 2018 00:00:00 +0000

At the request by the Sri Lanka High Commission in Malaysia the EDB met the trade delegation from Federation of Malaysian Manufacturers (FMM) on 23 January 2018 at EDB....

Lanka Rubber Global Consortium debuts to boost exports

Thu, 18 Jan 2018 00:00:00 +0000

A unique Lanka Rubber Global Consortium was launched yesterday (17-01-2018) to boost the industry’s exports under a groundbreaking multi-stakeholder initiative.

Significant growth in exports in Jan-Nov 2017

Thu, 18 Jan 2018 00:00:00 +0000

Exports continued to record growth momentum for eight of 11 months of 2017 compared to 2016, the Exports Development Board (EDB) said yesterday(17-01-2018).

International fashion industry expert Donald Potard from Parson’s University in Paris visits Sri Lanka

Wed, 10 Jan 2018 00:00:00 +0000

In line with the Export Development Board’s (EDB) efforts to promote the fashion design sector, EDB gave the opportunity for three Sri Lankan designers to promote their designs..........

Iranian delegates visited to EDB

Mon, 08 Jan 2018 00:00:00 +0000

A four-member Iranian delegation visited the Sri Lanka Export Development Board (EDB) to discuss the potential for re-exportation of dehydrated grapes to the Middle Eastern market.......

Nagano Employers’ Association visits EDB to Enhance Trade Relations between Sri Lanka and Japan

Thu, 04 Jan 2018 00:00:00 +0000

A delegation from Nagano Employers’ Association in Nagano Prefecture, Japan visited Sri Lanka Export Development Board (EDB) with the objective of increasing awareness on Sri Lankan key export products and services...........

Collaborating To Compete: A new dawn to the Sri Lankan Rubber sector entities! – EDB/ADB Initiative

Mon, 25 Dec 2017 00:00:00 +0000

Sri Lanka Export Development Board (EDB) having collaborated with Asian Development Bank carried out a study to identify issues being encountered by companies in their value chains pertaining to few identified sectors in Sri Lanka such as Rubber,.....

More Benefits to SMEs through Implementation of HNB - EDB Small and Medium Scale Export Credit Scheme

Thu, 21 Dec 2017 00:00:00 +0000

Hatton National Bank (HNB) in collaboration with the Sri Lanka Export Development Board (EDB) has introduced a new export credit scheme for the benefit of small and medium-scale exporters in Sri Lanka.

Sri Lankan exporters strengthen their value proposition at EDB’s first Export Marketplace

Thu, 21 Dec 2017 00:00:00 +0000

Sri Lankan exporters, service providers, and buyers engaged in a full day pilot export marketplace organized by Sri Lanka Export Development Board, Dilmah Conservation and the World Bank Group. Three companies were awarded prizes of US$ 5000 each to strengthen their export value proposition.

Sri Lanka breeds Arowana (lucky fish) successfully in Polonnaruwa.

Tue, 12 Dec 2017 00:00:00 +0000

For the first time in Sri Lanka, successful captive breeding of Asian arowana (Scleropages formosus) has been recorded in the Polonnaruwa district recently. The species is considered as a high valued ornamental fish in the international market and the local market as well.

EDB promotes global value chain linking automobile component manufacturing sector with Thailand

Tue, 12 Dec 2017 00:00:00 +0000

The global trading environment is changing rapidly with global production networks and global value chains. The developments are a result of product fragmentation; cross boarder dispersion of component 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.

Turkey’s DeriDesen interested in starting production in Sri Lanka

Fri, 08 Dec 2017 00:00:00 +0000

Istanbul-based Turkish label manufacturer DeriDesen has expressed interest in starting a production plant in Sri Lanka.

Strong uptick in exports and FDIs, latest 2017 data shows

Fri, 08 Dec 2017 00:00:00 +0000

As Sri Lanka’s pro-growth reforms gather pace, amidst an improving external economic environment, exports and Foreign Direct Investments (FDI) have shown substantial increases this year compared to last year, the Development Strategy and International Trade Ministry said.

Exploring new opportunities under Pakistan-SL FTA at Expo Pakistan

Tue, 05 Dec 2017 00:00:00 +0000

The Trade Development Authority functioning under the purview of Ministry of Commerce of Pakistan organised the 10th Expo Pakistan from 7 to 9 November at Karachi Expo Centre, Pakistan.

Export Development Board (EDB) held the 12th Exporters’ Forum

Wed, 22 Nov 2017 00:00:00 +0000

The Ministry of Development Strategies and International Trade in collaboration with the Export Development Board (EDB) organized the 12th Exporters Forum at the EDB Auditorium on 21th November 2017.

Stakeholders conclude consultative meetings on National Export Strategy

Thu, 16 Nov 2017 00:00:00 +0000

The Export Development Board (EDB) together with the Development Strategies and International Trade Ministry and International Trade Centre (ITC) held the final consultative meeting of the National Export Strategy (NES) with its line ministries and private sector stakeholders to chart the next export growth cycle of the country in Colombo yesterday.

National Export Strategy for Sri Lanka: Prerequisite for economic development

Tue, 14 Nov 2017 00:00:00 +0000

Sri Lanka’s economy needs to transform itself to ensure that the nation’s aspirations to reach higher middle income status by the year 2020 are met and achieved. This transformation can take place by introducing innovative and radical changes to Sri Lanka’s current economic development model.

EDB organises Sri Lanka Pavilion at 14th China-ASEAN Expo, Nanning, China

Tue, 31 Oct 2017 00:00:00 +0000

The Export Development Board (EDB) organised Sri Lanka’s participation at the 14th China-ASEAN Expo (CAEXPO) in Nanning, China from 12-15 September in collaboration with the Sri Lanka Consulate in Guangzhou.

State Minister of International Trade Sujeewa Senasinghe addressed GSP+ Sri Lanka Business Forum in Milan

Tue, 31 Oct 2017 00:00:00 +0000

On a promotional visit to enhance Sri Lanka’s exports to Italian market under EU-GSP+ concessions and the investment potentials, Minister Sujeewa Senasinghe addressed Sri Lanka Business Forum organized by the Embassy of Sri Lanka in Italy, Sri Lanka Consulate in Milan and the EDB, in association with Associazione Italiana Commercio Esterocalled AICE in Milan. This forum was held at the auditorium of AICE on 17th of October where it was attended over 70 potential buyers, importers, investors and the chamber representatives in Milan. AICE in Milan, having more than 70 years of history, has been helping Italian and foreign companies to do mutual business in Italy.

EDB participates in Intergovernmental Group of Experts on E-Commerce and the Digital Economy

Mon, 30 Oct 2017 00:00:00 +0000

Information and communications technologies (ICTs) are playing an increasingly important role in the implementation of the digitalisation of economic activities and trade which can support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalisation and growth of micro, small and medium-sized enterprises, including through access to ICT-enabled financial services.

Large Lankan private sector delegation at WEDF in Budapest

Sat, 28 Oct 2017 00:00:00 +0000

Central Europe’s first ever World Export Development Forum (WEDF) in Hungary this week has drawn a large Sri Lankan private sector delegation put together by the Export Development Board.

Stronger Sri Lanka-Hungary ties in the offing

Fri, 27 Oct 2017 00:00:00 +0000

Sri Lanka and Hungary this week renewed their commitment to boost bilateral ties, with the two countries entering into an economic cooperation agreement later this year.

Sri Lanka for open trade and investment, Minister Malik Samarawickrama tells WEDF 2017 opening

Thu, 26 Oct 2017 00:00:00 +0000

Development Strategies and International Trade Minister Malik Samarawickrama speaks at the first plenary of the World Export Development Forum in Budapest yesterday (25-10-2017)

World Export Development Forum 2017 kicks off in Hungary today

Wed, 25 Oct 2017 00:00:00 +0000

The 2017 edition of the annual World Export Development Forum (WEDF) kicks off today in Budapest, Hungary under the theme ‘Trade – A Force for Good: Include, Innovate, Integrate’.

Sri Lanka Export Development Board (SLEDB) and Hong Kong Trade Development Council (HKTDC) Organized a Seminar for Sri Lanka’s Businesses and Entrepreneurs

Mon, 16 Oct 2017 00:00:00 +0000

The Hong Kong Trade Development Council (HKTDC) and Sri Lanka Export Development Board (EDB) jointly organized a Business Seminar on "Explore Business Opportunities through Hong Kong" on Friday, 29th September, 2017 at Galle Face Hotel, Sri Lanka.

EDB organized a seminar for Women Entrepreneurs in Monaragala.

Thu, 12 Oct 2017 00:00:00 +0000

The EDB organized a seminar for Women Entrepreneurs on Thursday, 21st September 2017 in District Secretariat, Monaragala with the objective of development of women entrepreneurs to enter to the international market.

Korea Importers Association delegation looks for Lankan products, partners

Mon, 02 Oct 2017 00:00:00 +0000

A 15-member delegation led by Myoung-jin Shin, Chairman and CEO of the Korea Importers Association (KOIMA), visited Sri Lanka earlier this month on the invitation of the Sri Lanka Embassy in South Korea and the Sri Lanka Export Development Board (EDB) to explore business and investment opportunities in diverse areas.

ZONTA RECOGNISES TOP PUBLIC SECTOR OFFICIAL FOR MANAGEMENT AWARD

Thu, 21 Sep 2017 00:00:00 +0000

When public sector officials are hardly recognized for their contribution to the national development particularly management of public organizations and meeting set goals, Zonta has recognized to award the Woman of Achievement on Management to Mrs. Indira Malwatte, Chirperson & Chief Executive of the Sri Lanka Export Development Board (EDB) for her outstanding contribution in reorganizing the Export Development Board to meet the new challenges and adopting a model of private-public sector partnership in developing and promoting exports and her 40 years of commitment in the export sector.

EDB RENEWS PARTNERSHIP WITH PUM NETHERLANDS UNDER A LETTER OF UNDERSTANDING (LOU) TO ASSIST EXPORT ORIENTED SME ENTERPRISES

Fri, 08 Sep 2017 00:00:00 +0000

The EDB entered into a Letter of Understanding (LoU) with the PUM Netherlands Senior Experts with a view to supporting particularly export oriented Small and Medium Enterprises (SMEs) by obtaining services of PUM experts from mainly Europe in the areas of technology transfer, process improvement, product development, capacity building and training needs.

HNB, EDB launch breakthrough new SME Export Credit facility

Thu, 07 Sep 2017 00:00:00 +0000

Sri Lanka’s most innovative bank, HNB PLC working in close collaboration with the Export Development Board of Sri Lanka (EDB) announced the launch of HNB SME Export Credit, a pioneering new facility specially designed to meet the requirements and aspirations of Sri Lanka’s burgeoning Small and Medium Enterprise (SME) sector.

EDB Seminar on “Current and Future Technology Trends”

Wed, 06 Sep 2017 00:00:00 +0000

The Sri Lanka Export Development Board has organized a seminar on “Current and Future Technology Trends” for the Sri Lankan IOT, ICT, and Electronics and Electrical Sector exporters and potential exporters to increase the awareness on current and future technology trends in the world.

EDB promotes ‘Digital Doors to Trade’

Tue, 29 Aug 2017 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) organised a half day seminar on ‘Digital Doors to Trade’ for Sri Lankan exporters to create awareness on Business to Business (B2B) and Business to Consumer (B2C) digital trade platforms. The seminar was held recently at the EDB Auditorium with the participation more than 125 people.

Hon. State Minister hails the Turkish Investors

Mon, 21 Aug 2017 00:00:00 +0000

On the invitation by the Embassy of the Republic of Turkey in Sri Lanka a Ministerial Delegation led by the Hon. Sujeewa Senasinghe, State Minister of International Trade together with the representatives from Board of Investment (BOI), Joint Apparel Association Forum (JAAF) and Sri Lanka Export Development Board (EDB) are currently in Turkey attending meetings related to trade and investment promotions. The delegation will also attend the 86th Izmir International Fair opening ceremony and seminar program.

EDB promotes Sri Lankan education services in Nepal

Fri, 04 Aug 2017 00:00:00 +0000

The EDB facilitated the Sri Lankan educational services exports sector to participate in the 11th ECAN Education Fair which was held in Nepal from 20-23 July, providing information, coordination and financial assistance under the EDB Market Development Assistance Program.

EDB organises seminar for women entrepreneurs in Vavuniya

Tue, 01 Aug 2017 00:00:00 +0000

EDB organised a seminar for women entrepreneurs on Thursday, 20 July in District Secretariat, Vavuniya with the objective of developing women entrepreneurs to enter to the international market.

EDB introduces manufacturing excellence to rubber and plastic export-oriented industry

Tue, 25 Jul 2017 00:00:00 +0000

The rubber products industry is a key industry contributing 6.9 % to total exports (2016). Sri Lanka produces a wide variety of rubber products and the major markets are the US, Germany, Belgium, Italy, Canada, the UK and Brazil.

Travel goods from Sri Lanka to receive duty free entry to US

Mon, 24 Jul 2017 00:00:00 +0000

Export of travel-related products from Sri Lanka will enjoy duty free entry to the United States following a decision by the US administration to approve the inclusion of travel goods from all GSP beneficiary countries, including Sri Lanka, in the expanded US GSP scheme on July 1, 2017.

EDB organized the Entrepót Traders Forum

Fri, 21 Jul 2017 00:00:00 +0000

The EDB conducted a Forum on Entrepót Trade with the participation of a large number of traders/exporters and others engaged in the Entrepót trade. Sri Lanka Logistics & Freight Forwarders’ Association (SLFFA), Sri Lanka Shippers’ Council (SLSC), Shippers Academy Colombo and several public sector institutions relevant to the trade including Sri Lanka Customs, Ports Authority and BOI collaborated with EDB in organizing the Entrepót Traders’ Forum held at EDB Auditorium on 13th July 2017.

EDB Chief says international brands keen to set up facilities in SL

Fri, 21 Jul 2017 00:00:00 +0000

With the help of foreign missions, the Export Development Board (EDB) confirmed that its collective effort has enabled it to knock on the doors of some well-known international brands that are keen on shifting their production facilities to Sri Lanka.

Export Development Board (EDB) held the 11th Exporters’ Forum

Thu, 20 Jul 2017 00:00:00 +0000

The Ministry of Development Strategies and International Trade in collaboration with the Export Development Board (EDB) organized the 11th Exporters Forum at the EDB Auditorium on 18th July 2017.

The Director General (EDB) awarded Silver Category for Leadership excellence in State and Government

Mon, 17 Jul 2017 00:00:00 +0000

Women in Management in partnership with IFC, presented the “Top 50 Professional & Career Women – Sri Lanka 2017” on 14th July 2017 at the TAJ Samudra with a theme of “Beyond Parity – Developing Tomorrow’s Leaders”, to celebrate the achievements of remarkable women who inspire those around them through their astounding achievements in their careers, businesses and everyday lives.

EDB organises Technical Training and Exposure Programme for rubber products sector

Thu, 13 Jul 2017 00:00:00 +0000

The EDB, with the assistance of the Sri Lanka High Commission in UK, organised a Technical Training and Exposure Programme for the Rubber Products Sector, at Tun Abdul Razake Research Center (TARRC), UK from June 13 to 16, for eleven representatives (technically qualified) from leading companies manufacturing and exporting rubber products including an officer from the Rubber Research Institute in Sri Lanka.

Export Opportunities in Pakistan

Wed, 05 Jul 2017 00:00:00 +0000

The EDB organized a seminar on “Export opportunities in the Pakistan Market” with the objective of increasing awareness of the market opportunities available in the Pakistan market for Sri Lankan products.

Oman hypermarkets ready for Sri Lankan exports

Tue, 27 Jun 2017 00:00:00 +0000

Delegates comprising seven sourcing directors who represent five companies in Oman on the initiation of the EDB and in coordination with the Sri Lanka Embassy in Oman most of whom own Hypermarket chains had B2B meetings with 45 Sri Lankan exporters ......

EDB seminar on renewed opportunities for entrepreneurs to enter EU market

Fri, 16 Jun 2017 00:00:00 +0000

The EDB organised a seminar in association with the Export Product Associations on ‘Renewed Opportunities in EU Market’ with the objective of making the Sri Lankan export community aware of the opportunities under the EU GSP+ concessions when exporting to European Region.

EDB promotes Made in Sri Lanka at SIAL Canada

Mon, 12 Jun 2017 00:00:00 +0000

The Export Development Board (EDB) organised Sri Lanka’s participation at the ‘SIAL Canada 2017’ from 2-4 May in Toronto Canada in collaboration with the Sri Lanka Consulate in Toronto and the Trade Facilitation Office (TFO) Canada.

Development of women entrepreneurs to enter international market

Fri, 02 Jun 2017 00:00:00 +0000

The Sri Lanka Export Development Board organised a half day seminar on the theme ‘Development of Women Entrepreneurs to the International Market’ at the EDB Auditorium, Colombo 02, on 25 May with the objective of creating awareness among women entrepreneurs on business opportunities in the international market, as part of the overall program for developing 2,000 new exporters by 2020.

EDB promoting exports of ICT services

Wed, 03 May 2017 00:00:00 +0000

Sri Lanka Export Development Board of Sri Lanka (EDB) with the assistance of Sri Lanka Embassy in Japan External Trade Organization (JETRO), Japan Information Technology Services Industry Association (JISA) is organising a seminar on Sri Lanka IT in Tokyo on 9 May and participating at Japan IT Week 2017 from 10-12 May at Tokyo big sight, Japan.

Development Strategies Ministry and EDB conduct symposium on ‘NES’

Wed, 12 Apr 2017 00:00:00 +0000

The Ministry of Development Strategies and International Trade and the Sri Lanka Export Development Board (EDB) conducted the first national symposium for Sri Lanka’s National Export Strategy (NES) with more than 150 public and private sector representatives to plan the next export growth cycle of the country.

National exports strategy key to development agenda

Tue, 11 Apr 2017 00:00:00 +0000

Following is the message by Minister of Development Strategies and International Trade Malik Samarawickrama, delivered to mark Sri Lanka’s First National Export Strategy Symposium held at the Temple Trees.

EDB hosts program in Northern Region to assist entrepreneurs

Mon, 27 Mar 2017 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) under the direction of the Ministry of Development Strategies and International Trade launched the first in a series of awareness programmes under the National Programme of Development of 2000 exporters by the year 2020 in Jaffna....

EDB to Groom 2,000 Entrepreneurs

Mon, 20 Mar 2017 00:00:00 +0000

The Export Development Board (EDB), the apex body for exports in the country, has embarked on a program to groom 2,000 entrepreneurs to enter the global export market which will result in many trickle down benefits to the economy.

EDB impetus for product, tech upgrade for the export sector

Tue, 10 Jan 2017 00:00:00 +0000

The export sector of Sri Lanka which contributes nearly 20% to the country’s GDP, plays a vital role in achieving the development objectives of the government in terms of, employment generation poverty alleviation and enhancing foreign exchange earnings.The Government is pursuing an outward looking economic policy and is taking measures to integrate with the rest of the world to connect and compete to reach wider market access through deepening the existing FTAs with India and Pakistan, working on new trade agreements with Asian economies like China and Singapore and possible preferential trade agreements with Thailand, Malaysia and Turkey. All the above and the restoration of GSP+ in the year 2017 and initiatives to boost trade with USA will open up new opportunities for the export sector.

EDB unveils ‘Info Point’ kiosk to enhance productivity

Mon, 09 Jan 2017 00:00:00 +0000

The Export Development Board (EDB) last week launched a self-service information kiosk, EDB Info Point, to facilitate walk-in visitors to promptly obtain information of its services.The use of the EDB Info Point will help exporters, potential exporters and the general public who visit EDB to obtain information about intended services such as product exports, market trends and trade statistics and to find a relevant contact point to acquire their requirements in an effective and efficient manner.

To Coincide with H.E. the president's visit EDB facilitated B2B and product display at Sri Lanka Business forum in Malaysia

Mon, 02 Jan 2017 00:00:00 +0000

The EDB facilitated Sri Lankan leading exporters to have fruitful discussions with Malaysian counterparts during the Business Forum themed “Mutual Business Opportunities between Sri Lanka & Malaysia” which was held on the 15th of December, 2016 at the Intercontinental Hotel in Kuala Lumpur with the participation of more than 300 top businessmen from Malaysia. A Sri Lankan product display was organized during the Business Forum showcasing high quality exportable products viz Ceylon Tea, Virgin Coconut oil, Cashew, Confectionery products, Gems & jewellery, Porcelain Tableware and Handicrafts.

EDB drives Sri Lanka’s ICT sector to penetrate Japanese market.

Mon, 26 Dec 2016 00:00:00 +0000

EDB continues the Sri Lanka participation at Japan IT Week 2017 ‍from 10th -12th May at Tokyo big sight, Japan. Sri Lanka pavilion which will locate in Software and Apps Development Expo (SODEC) could be a launching pad for Sri Lankan ICT companies to enter Japan market.Japan IT Week http://www.japan-it.jp/en/ ] is truly Japan's largest ICT trade show where you can find any kinds of latest IC T technologies/solutions. A great number of information systems manager, management executives, sales managers, system integrators and managers from IT system division will visit Japan IT Week to conduct business face to face with exhibitors.

Amendments to Food Act on the Cards

Mon, 26 Dec 2016 00:00:00 +0000

Steps will be taken to amend the Food Act to suit the present times and also support the food processing industry which has enormous potential, State Minister of International Trade Sujeewa Senasinghe told the 10th Exporters Forum at the Export Development Board (EDB) recently. The Minister was responding to issues raised by meat processors with regard to the excessive time taken to test the quality of food before processing for exports. He said it is time to amend the Food Act which is around 30 years old. The time taken to complete the tests and then process food is too long. It should be done within 10 days as in other countries. “A meeting comprising stakeholders of the food processing industry and quality certifying institutions will be held shortly to solve the issue,” the Minister said.

Govt. plans to ban cinnamon imports

Mon, 19 Dec 2016 00:00:00 +0000

The Government is preparing to revamp entreport schemes for re-exporting key spices from Sri Lanka including pepper, cloves, nutmeg and mace to protect Sri Lanka’s reputation for quality while banning cinnamon imports. The proposal spearheaded by the Primary Industries Ministry has already received Cabinet approval and aims to put in place several fresh policies to ensure that spices re-exported from Colombo port are not diluted or incorrectly labelled as originating from Sri Lanka.

EU, UN launch Rs. 1 billion project to boost SL trade

Wed, 16 Nov 2016 00:00:00 +0000

The Sri Lankan Government has joined forces with the European Union in embarking on a four-year, 8 million Euro (Rs. 1.3 billion) project, geared towards increasing Sri Lanka’s trade competitiveness in regional and European markets. The project will be implemented by the International Trade Centre (ITC) and United Nations Industrial Development Organisation (UNIDO) in collaboration with the Sri Lankan Department of Commerce.Meanwhile, a steering committee co-chaired by the Ministry of Policy Planning and Economic Affairs and the Delegation of the European Union will provide overall direction to the project. Competent national level agencies and apex business entities will also support work-plan development and implementation of activities.

EDB joins hands with JEDB to promote export oriented commercial agriculture

Wed, 16 Nov 2016 00:00:00 +0000

Sri Lanka Export Development Board (EDB) and the Janatha Estates Development Board (JEDB) has brought together synergies and resources of both organisations for attracting local investors to set up Commercial Agriculture Projects in underutilised and unutilised lands available in JEDB Estates. The private sector, particularly the export community hails this initiative in the backdrop of declining country’s exports.

BOI roundtable conference for officials and entrepreneurs from China

Sun, 13 Nov 2016 00:00:00 +0000

A delegation from China led by Sui Zhong Cheng, Vice Governor of Jilin Province consisting of 33 officials and entrepreneurs from that province visited the BOI with the purpose of exploring avenues for trade and investment. The delegation was welcomed by Upul Jayasuriya BOI Chairman and Duminda Ariyasinghe Director General Indira Malwatte, Chairperson of the Export Development Board was also present. BOI had organized a roundtable conference where the high powered delegation from China met senior officials of the BOI and Export Development Board.

Jeevani new DG at EDB

Mon, 03 Oct 2016 00:00:00 +0000

Jeevani Siriwardena has been appointed the new Director General of the Sri Lanka Export Development Board (EDB).She joined EDB as a Management Trainee in 1984. She counts over 20 years of experience at EDB in Product Management and over 10 years in the Market Development Divisions of EDB.She handled the product and market development activities of the apparel export sector during its early growth phase and also led the development activities of the other industrial and agricultural product sectors.Siriwardena has led several overseas marketing missions involving the private sector while also being a part of a number of presidential business delegations. She has extensive foreign market exposure, including in countries such as the US, Europe, South Africa, Japan, China and India. She also served as the Officer in Charge of the EDB-initiated Sri Lanka Trade Centre in Chennai for 15 months.For a span of two years she worked as a visiting lecturer at the University of Colombo, prior to joining EDB.She obtained a Bachelor of Commerce Special Degree (second class) in 1982 and a Master’s in Business Studies (Merit) from the University of Colombo. She is also an Associate Member of the Chartered Institute of Marketing, UK.Siriwardena had her primary education in Matara where her father served as the AGA and then entered University from Visakha Vidyalaya, Colombo where she obtained colours for tennis and won the national junior and juvenile silver medal for badminton. At Colombo University she got colours for tennis, badminton and table tennis and captained the men’s and women’s tennis team of the University of Colombo in 1982, winning the Inter-University Challenge Trophy.

Punjab performs well to improve entrepreneurship

Wed, 28 Sep 2016 00:00:00 +0000

Chairperson, CEO Export Development Board (EDB), Sri Lanka, Ms Indira Malwatte says Punjab is performing well in improving entrepreneurship through technology in Pakistan. She was addressing a meeting held at Arfa Tower during her visit to Punjab IT Board (PITB) on Tuesday. Chairman PITB, Dr Umar Saif gave a detailed presentation to her on Plan9 and other most flourishing ICT projects and explained how ICT ventures had viably improved methods of governance in Punjab.

Minister samarawickrama meets with wedf organizers and sponsors to discuss progress one month ahead of conference

Wed, 21 Sep 2016 00:00:00 +0000

Minister of Development Strategies and International Trade, The Honourable Malik Samarawickrama together with the Chairperson and Chief Executive of the Sri Lanka Export Development Board (EDB) Mrs. Indira Malwatte met with the organizing committee and sub committee members, as well as sponsors and partners for a progress review meeting of the World Export Development Forum (WEDF) 2016.“This is one of the biggest events the new Government has undertaken,” Minister Samarawickrama stated, “And we are well on track to making it an exceptional global conference.” As of the date of this meeting, the conference had 361 registered foreign participants, and 282 registered local participants, a number that is rapidly growing, with more registrations expected within the one-month countdown for the event.

Special exhibition to showcase best of Sri Lankan products at WEDF 2016

Thu, 01 Sep 2016 00:00:00 +0000

Close to 40 of the most elite brands in Sri Lanka will be displaying the best of local products at a special exhibition that will coincide with the World Export Development Forum (WEDF) 2016. With the global summit scheduled to be held in Sri Lanka on 12 and 13 October this year, Sri Lankan enterprises such as Brandix Apparel Ltd., MAS Holdings, Akbar Brothers, Ceylon Tea Services, Camso Loadstar, Virtusa, 99X Technology, Gem Paradise and H.D. De Silva & Sons are ready to demonstrate their capabilities on a global platform.

Sri Lanka participates for first time in prestigious New York Trade Fair

Thu, 25 Aug 2016 00:00:00 +0000

The Sri Lanka pavilion at the ‘Artisan Resource at NY NOW 2016’ trade fair was declared open by Dr. Rohan Perera, Ambassador and Permanent Representative of Sri Lanka to the United Nations, New York on 21 August at the Jacob Javits Center, New York. Seven Sri Lankan companies participated at the Trade Fair through the Sri Lanka Exports Development Board where they were able to display giftware and lifestyle products manufactured in Sri Lanka.

World Export Development Forum 2016 to tackle pressing topics in regional and global trade

Mon, 22 Aug 2016 00:00:00 +0000

The 16th edition of the World Export Development Forum (WEDF) will see global business leaders, policy makers and heads of trade discuss issues ranging from transitioning trade environments, transparency and traceability to business strategies and trade policies across the world. The Sri Lanka Export Development Board (SLEDB) together with the International Trade Centre (ITC) announced the finalised agenda of the two-day conference themed ‘Trade for Success: Connect, Compete, Change’, scheduled to be held on 12 and 13 October.

Govt. is revitalising Sri Lanka’s export competitiveness: Malik

Thu, 11 Aug 2016 00:00:00 +0000

Development Strategies and International Trade Minister Malik Samarawickrama on Tuesday declared that the Government was revitalising Sri Lanka’s export competitiveness with a host of far-reaching initiatives.He offered this outlook during his presentation at the Presidential Export Awards ceremony. Following are excerpts.It is my pleasure to be here this afternoon and to address you at this Presidential Awards ceremony. Let me also thank His Excellency Maithripala Sirisena our President, who will be with us shortly, in spite of his very busy schedule. This clearly confirms His Excellency’s commitment to assisting and encouraging our exporters.

High-profile-list-of-international-speakers-to-take-the-stage-at-WEDF-2016

Mon, 08 Aug 2016 00:00:00 +0000

President Maithripala Sirisena and Minister of Development and International Trade Malik Samarawickrama will lead the line-up of high-profile speakers including policy makers, trade experts, trade analysts and global business leaders, set to speak at the World Export Development Forum (WEDF), scheduled to be held on 12 and 13 October in Colombo, Sri Lanka.The International Trade Centre (ITC) together with the Ministry of Development Strategies and International Trade of Sri Lanka, through the Sri Lanka Export Development Board (EDB), organises the global summit. ITC Executive Director Arancha Gonzalez will also take the stage on the opening day of the event together with the President of Sri Lanka, to start off the two-day event.

EDB’s 20th Presidential Export Awards on 9 August

Thu, 04 Aug 2016 00:00:00 +0000

The 20th Presidential Export Awards Ceremony organised by the Sri Lanka Export Development Board (EDB) will be held under the patronage of President Maithripala Sirisena on 9 August commencing at 3 p.m. at the Bandaranaike Memorial International Conference Hall (BMICH).The Presidential Export Awards (PEA) initiated by EDB in 1981 is the most prestigious award for exports in Sri Lanka and is presented to exporters who have made a significant contribution to Sri Lanka’s exports.This year’s ceremony will recognise and salute the exporters for their excellence in the years 2014 and 2015 and the awards symbolise the national recognition of the exporters, particularly in non-traditional products and services.

FACETS International Gem and Jewellery Show in September

Wed, 03 Aug 2016 00:00:00 +0000

The Sri Lanka Gem and Jewellery Association announced the approach of the 26th edition of ‘FACETS’ Sri Lanka’s foremost annual International Gem and Jewelry Show.Established in 1991 with the patronage of the state and private sectors, the show has become the pinnacle event in the industry calendar. To be held at the BMICH from September 1-4.FACETS will be held under the patronage of President Maithripala Sirisena who will grace the event.

Sri Lanka Plast 2016 exhibition kicks off on Friday

Wed, 03 Aug 2016 00:00:00 +0000

Sri Lanka Plast 2016, the main exhibition with focus on plastics processing and Rubexpo focused on manufacturing of rubber related products and services is scheduled to take place from 5 to 7 August at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo. This would be the third edition of the event taking place in Sri Lanka which is organised by Enterprising Fairs (India) Ltd. The event will be organised together with The Plastics and Rubber Institute of Sri Lanka (PRISL) and supported by Ministry of Industry and Commerce Sri Lanka, Export Development Board (EDB), Industrial Development Board (IDB) and the Rubber Research Institute of Sri Lanka.

Sri Lanka promotes pharmaceutical exports

Sun, 31 Jul 2016 00:00:00 +0000

Pharmaceutical exports from Sri Lanka in the future are expected to surpass earnings of tea export revenue, reports sundaytimes.lk. This was revealed at a media briefing convened in connection with the launching of a Pharmaceutical Manufacturing project at the the Koggala Export Processing Zone.The largest state of the art Pharmaceutical Manufacturing plant will be set up at the Koggala Export Processing Zone with an investment of US Dollars 30 million to dispense quality drugs to needy Sri Lankans at an affordable price and for export purposes.

Swedish trade delegation adds to growing momentum ahead of WEDF 2016

Mon, 25 Jul 2016 00:00:00 +0000

Strengthening the gathering momentum ahead of the World Export Development Forum (WEDF) 2016, to be held in Colombo, Sri Lanka on the 12th and 13th of October, a trade delegation representing Sweden has confirmed their participation. The two-day summit heralded to be an unprecedented benchmark for the export industry of the country, is organised collaboratively by the Export Development Board of Sri Lanka (EDB) and the International Trade Centre (ITC).Participation of the Swedish delegation was confirmed at a meeting between Secretary General Leif Ivan Ohlson of the Sweden-Sri Lanka Business Council headquartered in Stockholm, with EDBChairperson Indira Malwatte, held last week.

Top local corporates partnering with EDB to stage World Export Development Forum 2016

Mon, 18 Jul 2016 00:00:00 +0000

Sujeewa Senasinghe, State Minister of International Trade together with Anura de Silva, State Secretary of the State Ministry of International Trade and Indira Malwatte, chairperson and Chief Executive of the Sri Lanka Export Development Board (EDB), welcomed on-board key sponsors and partners of the World Export Development Forum (WEDF) 2016 at a press conference held at the EDB recently. Fazal Mushin – WEDF 2016 co-chairman also present for the proceedings.DFCC Bank PLC - Exclusive Banking Partner for the event, and Brandix- Exclusive Apparel Partner representing Sri Lanka’s apparel sector, handed over the sponsorship pledges to State Minister Senasinghe. Both organizations are Platinum Sponsors of the event.

EDB Chairperson Indira Malwatte 1st Sri Lankan woman to receive WIFTS lifetime achievement award

Tue, 05 Jul 2016 00:00:00 +0000

WIFTS Foundation International Visionary Awards 2016 was held at the Millennium Hotel in London UK among a distinguished gathering of international women achievers on 2 July. The Women’s International Film and Television Showcase (WIFTS) is an organisation dedicated to bringing women together from all walks of life through the art form of film and television, business, the humanities and the environment.The 2016 WIFTS Lifetime Award for Business and Economics was awarded to Indira Malwatte who holds the key post of Chairperson and Chief Executive of the Sri Lanka Export Development Board (EDB), a vital role in the world business stage. Indira has committed nearly 40 years of her life to export development and promotions both in the state and private sector locally and internationally, with many achievements to her career. The Government of Sri Lanka, considering her unique talents and hands-on experience in the state and private sectors, appointed her as the first female to hold EDB’s top position and to lead Sri Lanka’s export drive in very challenging times.

Govt. engages diplomatic corps to make World Export Development Forum a bigger success

Thu, 30 Jun 2016 00:00:00 +0000

The Ministry of Foreign Affairs hosted the diplomatic community consisting of commercial counsellors and honorary consuls of foreign missions to Sri Lanka for a briefing on the World Export Development Forum (WEDF) 2016 to be held in Colombo on 12-13 October. The meeting was led by Deputy Minister of Foreign Affairs Harsha De Silva, State Minister of International Trade Sujeewa Senasinghe and Sri Lanka Export Development Board (SLEDB) Chairperson and Chief Executive Indira Malwatte.

Sri Lanka earns over Rs. 11 billion in 2015 from exports of locally manufactured boats

Tue, 28 Jun 2016 00:00:00 +0000

Sri Lanka's Minister of Fisheries and Aquatic Resources Development Mahinda Amaraweera says the locally manufactured boats currently has a high demand in the international market.According to the Minister, during the past years, Sri Lanka has earned a massive amount of foreign exchange from exportation of boats and vessels. In 2014, Sri Lanka earned Rs. 11.48 billion and Rs. 11.2 billion in 2015 from the vessel exports.

Large Section Of Tourists Beach-Based

Sun, 26 Jun 2016 00:00:00 +0000

With a large section of Sri Lanka’s tourism being beach-based, the industry in the island nation requires pleasure sail boats and boats for sea excursions for whale/dolphin watching, leisure fishing, snorkelling, scuba diving, etc. This was highlighted at a session held last week to announce the Boat Show & Fisheries Exhibition Sri Lanka 2016 scheduled to take place from October 13 to 15 at the Dickowita Fishery Harbour, Colombo.It was also noted that Sri Lanka has a coastal shore-line of 1,340kms and a large inland water mass consisting of lagoons, lakes, reservoirs etc. There are 13 major fishery harbours, 15 anchorages and 1,053 landing sites on the coastal belt. However, the full potential of the ocean is yet to be utilized and ideal water front lands for development of marinas and boat yards are available around the island.

World Export Development Forum creates opportunity for PPP’s

Tue, 07 Jun 2016 00:00:00 +0000

With the recent launch of the WEDF 2016 to be held in Sri Lanka in October, the EDB has taken a bold step towards creating a true sense of the word of Public, Private Partnership.Several leading professionals who have been invited from national chambers and product associations to steer various “action groups” have been appointed to head six different Committees tasked to map strategies and plan all aspects of arrangements to successfully hold the 2 day conclave which is the 16th edition of the WEDF.

Registration & Authorization of foreign slaughterhouse and Manufactures of other animal products under Saudi Food and Drug Authority

Tue, 31 May 2016 00:00:00 +0000

The Royal Embassy of Saudi Arabia to the Democratic Socialist Republic of Sri Lanka presents its compliments to the Ministry of Foreign Affairs of the Democratic Socialist Republic of Sri Lanka and has the honour to inform the esteemed Ministry that the Saudi Food and Drug Authority (SFDA) has started to register and authorize Foreign Slaughterhouses, Manufactures of meat, poultry and fish products as well as the Production Facilities of all kind of other Food items which interested to exports their products to the Kingdom of Saudi Arabia.

Poland keen on more trade links with Lanka

Wed, 25 May 2016 00:00:00 +0000

The Export Development Board discussed B2B arrangements for the Polish trade delegation to Sri Lanka attending the World Export Development Forum in October 2016The discussion centered on the Polish participation at the World Export Forum to be held in Colombo in October this year. The Ambassador said that he is very keen on bringing down a large delegation for the event and to organise an objective driven B2B meeting programme for the delegation.Sri Lanka is well known as a tourist destination and for its quality tea she said.He also emphasised the need for engagement in other prospective areas. Poland is keen to look in to both trade and investment prospectives the Ambassador said.

Legalization fees of export documents will be charged by the Sri Lankan Rupees

Fri, 20 May 2016 00:00:00 +0000

The Embassy of Republic of Iraq in Colombo presents its compliments to the Ministry of Foriegn Affairs of the Democratic Socialistic Republic of Sri Lanka, and has the honour to refer to the Embassy Note No. 12/01/2016 dated 25th January 2016, regarding the legalization fees of export documents charge by the Embassy.The Embassy wishes to inform the esteemed Ministry that the legalization fees of export documents will be charged by Sri Lanka Rupees with effect from 16th May 2016.The Embassy of Republic of Iraq in Colombo avails itself of this opportunity to renew to the Ministry of Foriegn Affairs of the democrotic Socialistic Republic of Sri Lanka the assurances of its highest consideration.

Sri Lanka slashes tax on raw rubber exports

Wed, 18 May 2016 00:00:00 +0000

The Sri Lankan government will slash a cess on raw rubber exports to Rs4 a kilo from Rs15 to help cultivators get better prices by increasing competition between shippers and the domestic industry, a spokesman said. Media Minister Gayantha Karunatillake said about 80 percent of natural rubber grown in the island is consumed by domestic industrialists and the rest exported.

Sri Lanka, Germany ties get significant boost

Tue, 17 May 2016 00:00:00 +0000

Sri Lanka’s efforts to liberalise its economy and encouraging of a solid basis to establish close business to business (B2B) contacts are crucial to countries looking to expand investment opportunities, believes Uwe Beckmayer, State Secretary at the Federal Ministry for Economic Affairs and Energy, Germany.“Sri Lanka now has a very stable Government which envisages on new economic base of good governance with reliable conditions to make new businesses, which is very important to attract investments to the country,” he said addressing the Business forum and B2B meeting held with the German business delegation hosted by the Export Development Board (EDB) of Sri Lanka yesterday.

High-level delegation here from German Federal Ministry for Economic Affairs and Energy

Thu, 12 May 2016 00:00:00 +0000

Uwe Beckmeyer, Parliamentary State Secretary at the German Federal Ministry for Economic Affairs and Energy, will visit Sri Lanka from 15-17 May accompanied by a large business delegation. This is a follow-up to the visit of President Maithripala Sirisena to Berlin in February this year. The growing political and business relations between Germany and Sri Lanka, prompted an official visit by Beckmeyer, thus showcasing Sri Lanka’s potential with Europe’s largest economy.

Cinnamon Training Academy becomes the new twig of Ceylon Cinnamon

Tue, 10 May 2016 00:00:00 +0000

As the number one exporter of Ceylon Cinnamon in the global market, Sri Lanka’s cinnamon industry holds immense importance for the national economy. The industry plays a valuable role not only in boosting export earnings, but also in enhancing the rural economy. The cinnamon industry generates revenue and employment for 400,000 workers, mainly comprising of smallholders and cinnamon processors or peelers.

SL Navy exports 9 Patrol Craft to Nigeria

Sat, 07 May 2016 00:00:00 +0000

Sri Lanka navy yesterday sold 9 small patrol craft, indigenously built by the Inshore Patrol Craft Project of the Navy established at Welisara, to the Nigerian Government. The deal is a milestone in the annals of the Sri Lanka Navy as this is the very first transaction, where the Navy involved internationally earning foreign exchange to the country.

Kandy IT/BPM Week 2016 in June

Fri, 06 May 2016 00:00:00 +0000

n a move to create a much-needed IT/BPM capacity, the Industry is advocating the creation of regional cities and bring about inclusive growth in the country. Kandy IT/BPM Week is one such initiative, which will be held from10th to 12th of June 2016, organized by SLASSCOM, supported by the Export Development Board (EDB), Information and Communication Technology Agency of Sri Lanka (ICTA) and the Ministry of Education (MOE).

Sri Lanka to host World Export Development Forum 2016

Fri, 06 May 2016 00:00:00 +0000

The World Export Development Forum (WEDF), the flagship event of the Geneva-based International Trade Centre (ITC) will be held in Colombo, on 12-13 October 2016. The announcement was made yesterday by Minister of Development Strategies and international Trade Maiik Samarawickrama. ITC Executive Director Arancha Gonzalez and Export Development Board Chairperson lndira Malwatte. Previous editions of WEDF have been held in Doha, Qatar (2015), Kigali, Rwanda (2014), Jakarta, Indonesia (2012), Istanbul, Turkey (2011) and Chongqing, China (2010).

A ‘silver lining’ to a threatened industry Offshore Fish Farming in Trincomalee

Thu, 28 Apr 2016 00:00:00 +0000

If a dark cloud at present hangs over the dwindling local fisheries resources, Oceanpick (Pvt) Ltd has created a silver lining amid that general gloom, by developing Sri Lanka’s and South Asia’s first ever responsible, commercial scale oceanic farm for Finfish.The Company unveiled its ‘Round Island’, oceanic fish farming brand on Monday at Eagles’ Golf Links, China Bay, Trincomalee marking Sri Lanka's bold entry into aquaculture farming in the open seas.

Daily FT-MTI forum challenges Sri Lanka exports to think radical and quantum

Mon, 18 Apr 2016 00:00:00 +0000

The Daily FT-MTI Thought Leadership Forum on Sri Lanka exports, titled ‘Sri Lanka’s Export Challenges,’ confronted the brutal reality of reasons behind Sri Lanka’s stagnant export growth, while evaluating its future with radical strategic options. The well-attended forum saw a large number of industry leaders, exporters and investors. The forum featured a key presentation by MTI CEO Hilmy Cader on ‘Sri Lanka Exports — Confront Reality. Think Strategic. Or?’ which was highly commended by all stakeholders.

Cinnamon training academy opens in Kosgoda

Thu, 07 Apr 2016 00:00:00 +0000

A purpose-built cinnamon training academy was inaugurated in Kosgoda on Tuesday to serve as a catalyst for heightened competitiveness in Sri Lanka's cinnamon sector at a global level.A result of a unique public-private partnership between United Nations Industrial Development Organization (UNIDO) and World Trade Organization (WTO) Standard Trade Development Facility (STDF) project in cooperation with The Spice Council (TSC) of Sri Lanka.

EDB Chief calls for collective approach to revive exports

Fri, 01 Apr 2016 00:00:00 +0000

Sri Lanka has been known all over the world for its tea, rubber, coconut and as of late for its apparel and information communication technology (ICT). But due to the grim global situation and increased competitor activity, the country’s export sector has moved towards a negative growth trajectory. While the dampened growth in Sri Lanka’s key export markets and competition are not the only causes for the lag, the challenges on the ground have contributed significantly to the dip. With the new regime taking over and promising better economic prosperity, the business community is yet to witness a revival. Mirror Business sat down with Export Development Board (EDB) Chairperson Indira Malwatte for an in-depth discussion on the strategies conceptualised to drive the export sector forward. The newly appointed chief gave a comprehensive view on the current situation, efforts taken and the challenges ahead in making Lankan exports the prime foreign exchange earner for the nation.

Sri Lanka tea exports increase

Mon, 28 Mar 2016 00:00:00 +0000

Sri Lanka tea exports showed a marginal increase in February according to Ceylon Tea Brokers PLC review.Country wise analysis of exports shows that the Iraq has emerged as the largest export destination from Sri Lanka followed by Russia & Iran. More importantly cumulative exports to Turkey have dropped by 3.05 Mn/Kg (-50.06%) as against the same period last year.

Globally tomatoes are growing on Sri Lankan growing media

Thu, 24 Mar 2016 00:00:00 +0000

The Japan farming industry has been changing, especially in the Tohoku region since the 2011 Great East Japan Earthquake and Tsunami. A trend towards less or no chemicals, protecting the environment, and creating the freshest flavors means working with technology while still incorporating a human touch. Tomato Land Iwaki does this with their massive greenhouses, and they are more than willing to give a you a peek--and a taste--inside.The bueaty of it that all tomato plants are grown on coir slaps import excualisvly from Sri Lanka. The Sri Lankan company by the name of Riococo exports more than 300,000 coir slabs and over one million seed raising coir starter blocks to the company.

EU fisheries ban: Top Lankan team to visit Brussels

Fri, 18 Mar 2016 00:00:00 +0000

Amidst exporters’ praise on government’s continued efforts to resolve the EU fishery ban, a top team of officials from Sri Lanka is now scheduled to depart for Brussels for decisive talks on the ban.The Lankan team shall include members from the Prime Ministerial Task Force on the EU Fishery ban.“A top Lankan delegation on the EU Fishery ban is scheduled to leave for Brussels on 30 March” revealed the Chairman of Seafood Exporters Association of Sri Lanka (SEASL) and Managing Director of Global Sea Foods, Prabhash Subasinghe on 17 March at EDB.

First multilateral biz delegation to arrive in Colombo is from C’wealth

Thu, 10 Mar 2016 00:00:00 +0000

The first ever multilateral biz delegation to arrive in Sri Lanka is marshalled by the Commonwealth of Nations-and the nine-member pioneering team from the Commonwealth Businesswomen’s Network (CBN) that ar n women owned businesses. “This is the first time such a multilateral trade mission has come to Sri Lanka.The C’wealth takes great pleasure in its pioneering endeavor to Sri Lanka and similar future missions to other C’wealth members are in offing” revealed Commonwealth Businesswomen’s Network (CBN) Executive Director Arif Zaman on 08 March in Colombo.

Exporters Forum sees over 37 firms voicing issues

Wed, 02 Mar 2016 00:00:00 +0000

No less than 37 firms are voicing their issues at the eighth Exporters Forum that opened on 29 February.The session, is presided by the State Minister of International Trade Sujeewa Senasinghe. The Exporters’ Forum is a multi-stakeholder platform to assist Lankan exporters. At the previous 7th Forum concluded successfully last November, 72 issues were taken up and 47 were resolved. Several policy related issues of seventh Forum are now being attended to. There has been significant progress in VAT and Quartz related issues that were raised in the seventh Forum.

Ebay targets more export sellers from Sri Lanka as volumes grow

Thu, 18 Feb 2016 00:00:00 +0000

Ebay said it had tied up with Sri Lanka's HelloCorp to bring in new sellers, as retail export sales form the island have started to grow, despite the lack of remittance services such as Paypal."We see a very huge opportunity for Sri Lanka in the cross border business," Latif Nathani, a Vice President at Ebay said.There were already 3,000 sellers in Sri Lanka offering around 9000 items for sale, he said.Top exports from Sri Lanka included gemstones, healthcare and natural remedies, handicrafts and men's clothing.

International footwear and leather exhibition from Feb 5-7EDB, Rishad join forces for Lanka exports’ next big hit

Mon, 08 Feb 2016 00:00:00 +0000

A top Cabinet Minister and Sri Lanka’s apex exports facilitator EDB joined forces on 05 February to create Sri Lanka exports’ next big win-and the bulk of Lankan footwear and leather exports are footwear, rather than leather.“It is a great pleasure to see this series of exhibitions initiated by the Ministry of Industry and Commerce in 2007, has today grown to an international level exhibition thanks to the commitment of my Ministry officials, the Exports Development Board, the IDB, and the footwear and leather sector of Sri Lanka” said Minister of Industry and Commerce Rishad Bathiudeen on 05 February in Colombo.

International footwear and leather exhibition from Feb 5-7

Mon, 01 Feb 2016 00:00:00 +0000

Local footwear and leather manufacturers need to be linked to global markets. This series of exhibitions is the best platform for the Lankan F&L sector to enter competitive global markets, said Addl. Director General, Development, EDB, Jeevani Siriwardena at the pre-event briefing on the International Footwear and Leather Expo.

No foreign items in Colombo's int’l Footwear & Leather show

Thu, 28 Jan 2016 00:00:00 +0000

In a new step to enhance the global reputation of Lankan Footwear & Leather (F&L) sector, Sri Lanka’s apex export facilitator EDB locked the presence of any imported F&L items at the forthcoming international Footwear and Leather (F&L) show to be held in Colombo in February, thereby greatly re-assuring the prospective Lankan F&L exhibitors. Meanwhile, the international reception for the ongoing Colombo F&L series is such that prospective buyers from four countries already confirmed their arrival to EDB.

Sri Lanka’s Rebirth

Mon, 25 Jan 2016 00:00:00 +0000

Sri Lanka has been deservedly praised for the progress it has made since the end of the war against the separatist Tamil Tigers in 2009. The economy has grown at an average annual rate of 6.7%, and education and health statistics are impressive.All developing countries face myriad challenges, but this is especially the case for a country that has suffered an intense 30-year civil war. The government will need to set priorities; but success will require a comprehensive approach.

Ceylon Tea exporters in for better times

Fri, 22 Jan 2016 00:00:00 +0000

Sri Lankan tea exporters received much needed encouragement and Ministerial level assurance to resolve their travails –and with the involvement of a broad range of stakeholders in future. At a special meeting with the exporters at EDB held recently, State Minister of International Trade Sujeewa Senasinghe came forward to assist the tea exporters to resolve their pressing issues and to hold direct consultations with them on a regular basis. Interestingly, the idea of leveraging foreign made teas to strategically enhance Sri Lanka’s tea export goals and sustain its tea hub reputation came under in-depth discussion -with upbeat responses from exporters. Among the firms joining the discussion were Akbar Bros, George Steuart Teas Pvt Ltd, Jafferjee Bros Exports Ltd, and Imperial Tea.

EDB-SLINTEC to enhance research & development access to Lankan exporters

Thu, 14 Jan 2016 00:00:00 +0000

The Export Development Board (EDB) signed a memorandum of understanding with the Sri Lanka Institute of Nanotechnology (SLINTEC) on 12th January, 2016 with the view to enhance research and development access to Sri Lanka’s exporters.

EASL felicitates new EDB Chairman, hands over ‘Export Strategy Document’

Fri, 08 Jan 2016 00:00:00 +0000

The Exporters Association of Sri Lanka, an affiliate of the Ceylon Chamber of Commerce, recently presented a strategy document to Indira Malwatte, Chairperson of the Export Development Board, outlining the issues faced by the exporters.The document was handed over during a felicitation ceremony held by the EASL to Indira Malwatte, who was recently appointed as the new Chairperson of the EDB.

Two IT parks for Pallekele and Achchuveli on the cards

Mon, 04 Jan 2016 00:00:00 +0000

Sri Lanka would set two IT parks in Pallekele Export Processing Zone and the Achchuveli Industrial Zone Jaffna said Minister of Development Strategies and International Trade Malik Samarawickrama.Speaking to employees of the Board of Investment(BOI), Department of Mahapola Trust, Department of Import and Exports and Export Development Board (EDB) last Friday he said that in addition new economic zones would be set up in Hambantota, Kuliyapitiya, Kilinochchi, Meerigama, Trincomalee and Avissawella. The existing zones in Kandy (Pallekele) and Mirigama would be redeveloped.

EDB help for construction firms to expand overseas

Thu, 17 Dec 2015 00:00:00 +0000

Sri Lanka Exports Development Board (EDB) will step up efforts to facilitate local construction companies to expand their services in Myanmar, EDB Chairperson and CEO Indira Malwatte said.Under this initiative, the government hopes to employ more Sri Lankan engineers, quantity surveyors, graduates and others in the overseas construction services sector.

President vows fullest support to boost exporters

Thu, 17 Dec 2015 00:00:00 +0000

Putting a personal touch on efforts to bolster Sri Lanka’s exports President Maithripala Sirisena yesterday reaffirmed his stance to assist exporters assuring that his Government would leave no stone unturned in supporting foreign exchange earners.Attending the Presidential Exports Awards held for the 21st time, following a four year hiatus. President Sirisena pointed out that encouragement is a must as foreign reserves in the country are drying up due to decreasing exports. He termed this downtrend a “point of national urgency.”

Akbar Brothers extends lead as top tea exporter

Thu, 17 Dec 2015 00:00:00 +0000

The pre-eminent standing of Akbar Brothers in the Sri Lankan Tea Industry has once again been affirmed and recognised with sweeping accolades at the Presidential Exports Awards.Akbar Brothers bagged seven highly-coveted awards at the ceremony held on 16 December, presided over by President Maithripala Sirisena. The company was adjudged the Best Tea Sector Exporter for the years 2010, 2011, 2012 and 2013. In addition, it won the exalted Best Sri Lanka Overall Exporter (All Sectors) for 2010 and the Best Sri Lankan Brand Exporter (All Sectors) for 2012 and 2013. Most impressively, Akbar Brothers had the singular honour of being the only tea company that has qualified for the Presidential Export Awards.

Lankan exports facilitation opens wider

Mon, 30 Nov 2015 00:00:00 +0000

Sri Lanka’s apex platform to solve exporters’ issues, the Exporters’ Forum, wrapped its seventh session successfully on 27 November with a significant change to the ongoing interaction process; the Lankan exporters may no longer need to agonise till the next forum announcement to find solutions. “You don’t have to wait for this once in three months’ forum but you can now contact us anytime. As we move towards one stop shop solutions, EDB will be restructured and will be made as attractive as possible to exporters,” announced Lankan State Minister of International Trade Sujeewa Senasinghe.

‘Sri Lanka ICT exports $ 5 b by 2020’: EDB

Mon, 23 Nov 2015 00:00:00 +0000

Invigorated by Sri Lanka’s ICT exports surge, the country’s apex export facilitator EDB announced a new ICT/BPO exports target and a mere few hours’ B2B sessions between Lankan and Asia-Pacific ICT firms facilitated by EDB reported a whopping marathon of one-to-one business meet jamboree-right here in Colombo. “Let us try to forge ahead with solid business to business meetings today that will materialise to effective commercial activity. That is how all of us in our region can help each other,” stressed EDB Chairperson and CEO Indira Malwatte on 20 November.

Sri Lankan electronic exports at $343 mn

Sun, 08 Nov 2015 00:00:00 +0000

Sri Lanka’s fledgling R&D innovation and start up cluster has hit big time in its maiden funding round and several hi-tech start ups, having crossed their R&D experiments barrier are now poised to commercialise their innovations anytime.“The government’s vision is to transform Sri Lanka into a strategically important global economic centre. Increasing the share of hi-tech exports is essential to face the intense competition in the global market” stressed Himali Jinadasa, Acting Director General, Export Development Board, (EDB).

Falling exports due to global downturn: EDB Chairperson

Fri, 06 Nov 2015 00:00:00 +0000

Sri Lanka’s present exports lull is due to many reasons but chiefly a throwback from the global market fall-and achieving national export targets is not a journey of a sole institution but requires a collaborative, cross-sectoral push, as stressed by the new Chairperson of Exports Development Board on 05 November. “Exports are coming down due to various reasons, but chiefly since the global markets have come down-it’s not EDB alone. The Council of Ministers was a beautiful mechanism” announced Indira Malwatte (new Chairperson of EDB) on 05 November.

EDB’s performance pilot triumphs with Lankan packaging breakthrough

Wed, 04 Nov 2015 00:00:00 +0000

EDB’s first Lankan packaging pilot project is a hit and has opened the door for the entry of the ‘performance packaging’ trend to the local manufacturing sector for the first time. The new tech not only helps cost savings, but can boost sales revenue by 10-15%. “With hands-on experience in perishable exports, I know the importance of packaging for exports sector. We thank PUM Netherlands for extending support to EDB and the Lankan packaging sector,” said EDB Chairperson Indira Malwatte on 30 October.

Sri Lanka shines at Anuga International Trade Fair in Cologne

Fri, 30 Oct 2015 00:00:00 +0000

The 33rd Edition of the Anuga International 2015, the biggest General Food and Beverages Exhibition of the world was held in Cologne, Germany from October 10-14, 2015. 7063 companies from 108 nations exhibited their products to the 160,000 trade visitors from 192 Nations.

Indira Malwatte appointed as new Head of EDB

Fri, 30 Oct 2015 00:00:00 +0000

Indira Malwatte took office as the first woman to lead the Export Development Board (EDB) yesterday. “I am very confident of making a positive contribution to the export effort of our country,” newly-appointed EDB Chairperson Malwatte said.

EDB upheaval!

Fri, 23 Oct 2015 00:00:00 +0000

Giving a sudden boost to Sri Lanka’s national exports push, the country’s apex export facilitator, the Export Development Board (EDB) has been directed to perform as a private sector entity henceforth to realise the country’s export reforms.This makes the EDB itself a top reform target and formulation of sub sector level export targets with greatly increased export value addition is now on the cards.

EDB moves to stamp Brand Sri Lanka in global batik map

Fri, 16 Oct 2015 00:00:00 +0000

Sri Lanka’s apex export facilitator EDB stepped up its efforts to stamp ‘Brand Sri Lanka’ in the global batik map – and linking with top institutional stakeholders, EDB is directly accessing the SMEs of the country in this new initiative, as announced on 8 October in Colombo.

Sri Lanka to apply for GSP Plus end of this year: Harsha

Tue, 06 Oct 2015 00:00:00 +0000

Deputy Foreign Minister Dr. Harsha de Silva said that the government would be forwarding the formal application to regain the GSP Plus preferential trade facility from the European Union (EU) by the end of this year in the backdrop of recent international developments. “After the resolution in Geneva passed, we wrote to the EU. Before the end of the year, we will be making the formal application, and hopefully by middle next year we will be able to bring in GSP Plus,” he said.

EDB joins Lanka’s innovation giant to push hi-tech exports, R&D

Fri, 02 Oct 2015 00:00:00 +0000

As Sri Lanka’s ranking surged in the latest Global Innovation Index, two apex Lankan state institutions are joining forces for the first time to boost the country’s hi-tech and innovation exports to the next level – and first ever hi tech R&D and Innovation Forum for Lankan CEOs is now on the cards, as revealed on 30 September in Colombo. “We welcome COSTI’s collaborative interest to partner with EDB. It is time we join forces to help our hi-tech exports to the next level,” said EDB Chairman and CEO Bandula Egodage.Chairman Egodage was in discussions with the three-member team from the Coordinating Secretariat for Science, Technology and Innovation (COSTI) of Sri Lanka. The 2013 established COSTI is the apex Lankan body coordinating and monitoring science, tech and innovation in the country while promoting value addition and commercialisation of them in line with the National Science Technology and Innovation (STI) Strategy of Sri Lanka. Visiting COSTI team consisted of COSTI Chairperson and CEO Prof. Sirimali Fernando, Project Director Prof. Ajith de Alwis and Program Director Shehan Ratnavale. Joining the discussion were EDB DG-Actg Himali Jinadasa and other top officials and sector directors of EDB.

Great Expectations

Sun, 06 Sep 2015 00:00:00 +0000

Chairman of FACETS Sri Lanka Juzar Adamaly said that the next goal of FACETS Sri Lanka is to establish Colombo as the Gem and Jewellery Hub of Asia. He made this remark while officially declaring the opening of 25th ‘FACETS Sri Lanka’ International Gem and Jewellery Exhibition in BMICH.

Over 150 exhibitors at Facets 2015 today

Thu, 03 Sep 2015 00:00:00 +0000

FACETS Sri Lanka 2015, the annual international gem and jewellery show, will be the flagship event of the sector.More than 150 exhibitors will showcase their products from today till Sunday at the Sirimavo Bandaranaike Memorial Exhibition Centre. . “It is over a 10,000 foot fall this year throughout the four days of the exhibition. A large number of buyers from China have confirmed while over 100 international buyer delegation are expected to attend the show from China, India, Dubai, Singapore, Thailand, Hong Kong, USA, Russia, Norway and Germany,” one of the top gem and jewellery exhibitors Zam Gems Managing Director Ahsan Refai told the Daily News business.

Harsha says SL needs economic reforms

Wed, 26 Aug 2015 00:00:00 +0000

Sri Lanka will seriously consider economic reforms during next five years to make its production of goods and services “the most efficient and competitive” in this part of the world, MP Dr. Harsha de Silva said.

Sri Lanka inks three MoUs with Hong Kong, Thailand and Korea

Tue, 25 Aug 2015 00:00:00 +0000

Sri Lanka has signed three memoranda of understanding with Hong Kong, Thailand and Korea yesterday to boost regional trade.Sri Lanka-Hong Kong’s HKTDC, Sri Lanka-Korea’s KOTRA and Sri Lanka-Thailand’s DITP were the three MoUs signed yesterday.

Three int’l MoUs at first Colombo ATPF tomorrow

Mon, 24 Aug 2015 00:00:00 +0000

The first ever series of international MoUs to blossom under Sri Lanka’s new consensual government are scheduled to go live tomorrow 23 August in Colombo-and the historic pacts are centred around none other than Sri Lanka’s global trade. “Sri Lanka EDB is proud to host the 28th CEO meeting of the Asian Trade Promotion Forum (ATPF) in Colombo. ATPF has honoured Sri Lanka by bringing this series to Colombo for the first time in its history” said Bandula Egodage (Chairman & CEO of EDB) on 21 August.

EDB clinches Asia's Best Employer Brand glory

Fri, 21 Aug 2015 00:00:00 +0000

Sri Lanka's apex export facilitator EDB has clinched a top global talent award and has also emerged as a pioneer Lankan public institution to win the coveted accolade, as revealed on 16 August."The EDB has won Asia's Best Employer Brand Awards 2015 as recognition for the valuable contribution made by it to be the Most Sought After Employer. I am pleased to say that we won this award having competed with 33 countries," said Bandula Egodage, Chairman and CEO-EDB.

Int'l conference on Fisheries, Aquaculture exhibition from August 25 - 26

Fri, 14 Aug 2015 00:00:00 +0000

The second edition of international conference on Fisheries and Aquaculture exhibition 2015 organized by the International Institute of Knowledge Management will be held from August 25 - 26, 2015 at Hotel Galadari.The conference is co-hosted by World Aquaculture Society, National Aquatic Resources Research and Development Agency and Export Development Board.

Sri Lanka coco peat sector in first int’l breakthrough

Thu, 06 Aug 2015 00:00:00 +0000

Sri Lanka’s historic coconut based exports received a new lease of life on 4 August as a top Japanese coop-federation – also considered as a leading agro association in the world – started directly partnering with apex export entity, the EDB to strengthen the surging sector. The Lankan coconut sector is getting another international breakthrough with the first ever Lankan coco peat delegation scheduled to leave for Japan this October, facilitated by EDB. “We welcome Japan Zen-Noh’s assistance. It is time to focus on value added coco peat and other coconut based exports,” stressed EDB Chairman and CEO Bandula Egodage on 4 August in Colombo. Egodage was addressing the visiting four-member delegation from Japan Zen-Noh (Japanese National Federation of Agricultural Cooperative Associations) who arrived to begin their Lankan partnership through coco-peat export product support – in that the visiting team has commenced their technical consultancy to develop coco peat products in Sri Lanka to identify constraints in production of coco peat, obtain technical consultancy to overcome problems, create awareness of Lankan coco peat industry to Japanese buyers, introduce Sri Lanka to Japan as a capable and reliable supplier of coco peat and promote Sri Lankan coco peat in Japan through Zen-Noh.

Over 10,000 buyers expected at Facets 2015

Thu, 09 Jul 2015 00:00:00 +0000

Sri Lanka’s largest gem and jewellery Facets 2015 will pave the way for local gem and jewellery dealers to showcase their products for international markets. This will also enable small players in the industry to enter into the international arena. “We are expecting over a 10,000 participants this year throughout the four days of the exhibition. A large number of buyers from China have confirmed whilst over 100 international buyer delegation are expected to attend the show from several countries, Chairman Facets Sri Lanka Juzar Adamaly to the media conference held at Cinnamon Grand hotel. The event will be hosted by the National Gem and Jewellery Authority (NGJA) and the SME pavilion from the Sri Lanka Export Development Board (EDB)

‘Well documented scientific evidence vital for Ayurveda industry boom’: Rajitha

Sat, 04 Jul 2015 00:00:00 +0000

Minister of Health and Indigenous Medicine, Rajitha Senaratne, stressed the need for proper documentation and scientific evidence to exist within the practice of native alternative medicine in order for it to be shipped to international markets.

Sri Lanka joins China's Asian Infrastructure Investment Bank

Fri, 03 Jul 2015 00:00:00 +0000

Just as Sri Lanka vies for China’s booming export market, imports from China-and Sri Lanka is an ‘important location’ in China’s strategic Silk Road Economic Belt project and China’s new “World Bank”, as revealed by Xiong Yan (Director-Yunnan Daily Press Group International Communication Center) on 02 July in Colombo..”Sri Lanka is an important link in China’s $40 Bn Silk Road Economic Belt, which is a mutually beneficial project for both Sri Lanka and China. We also are pleased of Sri Lanka joining the Asian Infrastructure Investment Bank (AIIB) this June” he further said.

Lankan firms upbeat at China South Asia Expo

Mon, 15 Jun 2015 00:00:00 +0000

Private sector firms participating in the Sri Lanka Pavilion at the five-day China South Asia Expo in Kunming are upbeat of prospects. They expressed their confidence to reach more Chinese investors and buyers in a greater way through the event being held at Kunming Dianchi International Convention & Exhibition Centre. This year the Sri Lanka Pavilion has over 120 companies as well as five Government institutions and the participation is facilitated by the Sri Lanka Export Development Board.

EDB & JAAF showcase Lankan apparels to Latin America

Fri, 12 Jun 2015 00:00:00 +0000

As Sri Lankan annual apparel exports closed in on the crucial $5 Bn mark, South America’s largest apparel market was given a preview of Lankan fashion when the Brazil International Apparel Sourcing Show 2015 (BIAS 2015) opened in Sao Paulo on 27 May.

Over 30,000 visits SL pavilion at Expo Milano

Tue, 09 Jun 2015 00:00:00 +0000

Sri Lanka investing just 0.5 million dollars on the stall that was given at gratis by the Italian Government on the request of Sri Lankan Prime Minister Ranil Wickremesinghe. The country pavilions such as Nepal, Malaysia and Thailand that has spent 20 million dollars has attracted over a 30,000 visitors in the first month of visibility, said the Pavilion Director, Dammika Jayawardena from Milano, Italy.

Sri Lanka’s O-Fish surging further upstream

Thu, 04 Jun 2015 00:00:00 +0000

Sri Lanka’s ornamental fish sector is basking in the glow of international spotlight having bagged many top awards for its diversity-and O-Fish sector is one of highest return on investment sectors, as revealed on 03 June in Colombo.

Gem and jewellery exports to surge

Sun, 31 May 2015 00:00:00 +0000

Sri Lanka's gem and jewellery export revenue will surge this year following the enormous exposure the country received at the International Coloured Gemstone Association (ICA) Congress held recently in Sri Lanka, Chairman, Facets Sri Lanka, Juzar Adamaly said on the sidelines of the 16th Congress at the Cinnamon Grand recently. He said a large number of buyers and dealers across the world at the Congress were highly impressed with the country and the range of exquisite products it offers to the global market. It is premature to put a figure but certainly export revenue will spike within a month or two.

Expo Milano 2015: Global Endorsement for Sri Lanka

Mon, 25 May 2015 00:00:00 +0000

In the back drop of the 1.3 million dollar deal wrapped by Sri Lanka Tourism in the launch month of Expo 2015, Sri Lanka Export Development Board took the high ground in month two to announce a global endorsement to Sri Lanka backed by two power bases in global trade which gives perspective to Expo 2015 for Sri Lanka's 75 billion dollar economy growing at a seven percent GDP growth said commissioner General Expo- Sri Lanka Rohantha Athukorala.

Switzerland assures support

Fri, 15 May 2015 00:00:00 +0000

I am very much impressed by the democratic process of Sri Lanka displayed after January 8. It's a unique event and a very good start and passing of the 19th Amendment, shows the spirit of reform is very much alive in Sri Lanka. We, the Swiss, would like to support this Lankan reform spirit," said Swiss Ambassador to Sri Lanka Heinz Walker-Nederkoorn on May 13, in Colombo. Swiss Ambassador Nederkoorn was addressing the first ever Swiss - Sri Lanka Round table Business Discussion held at the EDB on May 13.

SL export earnings increase

Mon, 11 May 2015 00:00:00 +0000

Earnings from exports increased by 5.8 per cent, year-on-year, to US dollars 891 million in February 2015, led by industrial products, particularly textiles and garments. Earnings from industrial exports, which represent about 77 per cent of total exports, improved mainly due to increase in exports of textiles and garments followed by petroleum products, and gems, diamonds and jewellery.

Indian Trade Fair 2015 opens at SLECC

Fri, 08 May 2015 00:00:00 +0000

The ninth Indian Trade Fair was opened on Thursday (07) at the Sri Lanka Exhibition and Convention Centre, under the patronage of the Acting High Commissioner for India in Sri Lanka Arindam Bagchi and Deputy Minister of Industry and Commerce Champika Premadasa.

EDB clinches global foundry giant’s nod to boost Lankan industry nucleus

Tue, 28 Apr 2015 00:00:00 +0000

Sri Lanka’s metal manufacturing and exports have clinched a sudden breakthrough, thanks to a global foundry giant whose historic roots extend back to 1930s Birmingham. The adoption of international best practices can increase revenues of overall Lankan foundry sector by a substantial 30%. “Despite many constraints, our light engineering sector has been bringing increased export revenues to Sri Lanka. A study has been done and it pointed to tech and skill gaps prevalent in the industry – and fixing them are crucial,” said EDB Director General Sujatha Weerakoone on 24 April at the Industrial Park, Ekala.

Chairmen unite to power brand Sri Lanka on a ROI model

Mon, 27 Apr 2015 00:00:00 +0000

For the first time in the recent history of Sri Lanka top four Chairman of the public sector driving brand Sri Lanka in the global arena met in unison to power the country at World Expo 2015- which is termed globally as the most visited and watched event next to the Olympics.

Sri Lanka to participate in Expo Milano 2015 in Italy

Thu, 26 Mar 2015 00:00:00 +0000

Sri Lanka government will participate in the universal exposition "World Expo 2015". "Expo Milano 2015" World Trade Fair that will be held from 1st May to 31 October 2015, at World Avenue and Biodiversity Park in Milan, Italy with the objective of promoting Trade and Tourism. The participation consist of Sri Lanka Export Development Board, Sri Lanka Tea Board, National Gem & Jewellery Authority, National Crafts Council, Department of Commerce together with Sri Lanka Tourism under the auspicious of Ministry of Industry and Commerce.

Sri Lanka’s gem industry eyes recovery

Wed, 11 Feb 2015 00:00:00 +0000

A $1bn revenue target is spearheading Sri Lanka’s efforts to solidify its place as a key source market for gemstones and jewellery, although flat global sales of luxury goods, coupled with labour shortages, risk hindering the country’s efforts.Sri Lanka is home to 70 of the world’s 200 varieties of coloured stones, including its best-known export, the Ceylon sapphire. Estimates suggest that 80-90% of the country’s rock formations could hold gem deposits.

The desiccated coconut industry – glimpses of the past, present & future

Mon, 22 Dec 2014 00:00:00 +0000

Desiccated coconut (D/C), a basic by-product of coconut with limited technological input has been a foreign exchange earner for the country for a long period of time. There had been the usual ups and downs or changes in demand patterns for D/C over the years but the international market situation is certainly looking up currently for D/C exports. In addition prices obtainable for the product too are promising which augers well for foreign exchange earnings from this product.

Lankan ICTs first entry to Slush 2015

Wed, 17 Dec 2014 00:00:00 +0000

In a major renewal of its economic cooperation with Sri Lanka, World’s ICT innovation leader has announced that it is ready to form a joint Business Council with Sri Lanka for the first time, as revealed on dEC.04-and Lankan ICT start-ups have received a breakthrough invitation to showcase themselves at one of world’s top-tier start-up events in 2015. “It is time that we establish a Finland-Sri Lanka Business Council for B2B activities. Such a mechanism will kick-start the process. We are also looking forward to see SME level Sri Lankan ICT BPM and business start-ups at the 2015 ‘Slush’ event in Helsinki” said an upbeat Matti Anttonen, Finnish Deputy Minister of External Economic Relations & Finnish Under-Secretary of State on dEC.04 in Colombo.

Jan-Oct exports surge to $ 9 b

Wed, 10 Dec 2014 00:00:00 +0000

Sri Lanka’s January-October YoY exports have surged by almost 9% while an export product that recently faced volatile EU markets showed a promising turnaround, as revealed yesterday. “For the month of October 2014 alone our provisional exports were at $ 900 m and this is only merchandise exports without taking into account of service exports such as ICT,” said EDB Chairman/CEO Bandula Egodage, commenting on the provisional top-line export data presented to him by EDB Directors at a progress review session held at the EDB yesterday.

‘Lanka IT sector to hit $1B mark next year’-EDB

Fri, 05 Dec 2014 00:00:00 +0000

Sri Lanka’s surging IT and BPO exports would hit the critical dollar one billion mark as early as next year, surpassing previous expectations! And London Stock Exchange and HSBC have praised the Lankan IT sector ‘with joy’, as revealed on 05 December in Jaffna. And the pioneering Northern IT Exports forum by EDB & ICTA was packed with enthusiastic regional IT industry. “We earned $719 Mn from ICT exports, and our projection for 2014 is $820 Mn. At this rate, we expect to hit dollar one billion mark very soon-as early as 2015. We have seen 123% growth in IT sector over the last five years. London Stock Exchange and HSBC also praised the Lankan IT sector with joy” said Saman Maldeni (Director, Export Services of SLEDB) on 05 December in Jaffna.

EDB to host international delegation at SLDF 2014

Fri, 05 Dec 2014 00:00:00 +0000

Lanka Design Festival (SLDF) 2014, which is backed by local industries and the Government, is scheduled to kick off over the next few days. The main objective of the festival is to promote design driven exports as a major economic sector for the country. For this reason, SLDF is supported by Sri Lanka’s apex institute for driving exports, the Sri Lanka Export Development Board (EDB).

Over US$ 1b gems to China by 2016

Fri, 05 Dec 2014 00:00:00 +0000

Sri Lanka could bridge the trade imbalance with China to a greater extent and also increase the US$ one billion overall export target in 2016, if the local gem/precious stone exports were encouraged and developed. At present there is a huge trade gap in favor of China, Director Marketing and Export -National Gem and Jewellery Authority, Rohan Perera said. "We are now looking at increasing gem export to China being the biggest buyer in the recent past. Since, China being a prosperous country in the world the demand for super luxury items like gems has increased considerably," Perera told the Daily News Business.

20 IT SMEs in EDB’s first Jaffna Export Forum today

Fri, 05 Dec 2014 00:00:00 +0000

Sri Lanka’s apex export facilitator EDB’s first IT event in Jaffna has been boosted by an influx of Jaffna based operators and would be ICT entrepreneurs on 4 December and the event also packs in-depth industry presentations from no less than seven top Lankan IT firms. “Almost 20 SME IT operators in Jaffna region have registered for 5 December’s IT/BPM Export Forum in Jaffna. Another 30 prospective IT entrepreneurs from Jaffna who are looking to set-up, too have joined making it a total of 50 players,” said SLASSCOM Vice Chairman Mano Sekaram on 4 December in Colombo.

Visegrád Four to synergise Lanka's FTAs to penetrate South Asia

Thu, 04 Dec 2014 00:00:00 +0000

dustrial economy billed as the Tetra Tiger due to its high growth, has revealed for the first time that it wants to synergise Lanka's historic FTAs to penetrate South Asia, and it is also readying for new bilateral efforts of high capacity across the board-in Lanka's wheat production, energy and even defence. "Our aim is to make Sri Lanka our business and investment platform to South Asia. There are many Slovakian manufacturers ready to invest here, produce and export to South Asian markets using your FTAs with India and Pakistan," said Peter Burian, State Secretary of the Ministry of Foreign and European Affairs of the Slovak Republic recently.

New dimension in Lankan fashion and apparel to debut at SLDF 2014

Tue, 02 Dec 2014 00:00:00 +0000

Sri Lanka Design Festival’s 2014 fashion edition is taking shape with a preview into Sri Lanka’s brand-led future in fashion. Taking a giant step forward from the country’s longstanding reputation as a sustainable and technologically advanced manufacturing destination, Sri Lanka is about to forge its reputation as a fashion industry with its own brands. Sri Lanka Design Festival is the platform for this major step for Sri Lanka, and its sixth successful fashion edition is scheduled to unfold this week.

Vietnam calls for FTA

Tue, 02 Dec 2014 00:00:00 +0000

Stepping up its trade cooperation with Sri Lanka, Vietnam said that it was working towards establishing a groundbreaking FTA with Sri Lanka. In view of this, Sri Lanka has promptly appointed its first-ever trade officer to Vietnam, the world’s fifth largest apparel exporter which is ready to partner with Sri Lanka’s own apparel industry. “There is huge unrealised trade potential between both countries that we need to explore. Trade need not be mostly the exchange of rice and tea between both countries. Therefore, while in Colombo, I will take up the task of promoting an FTA with Sri Lanka,” said Vietnam’s new ambassador to Sri Lanka, Phan Kieu Thu on 27 November in Colombo.

Russia shows green light on fish import from SL

Wed, 26 Nov 2014 00:00:00 +0000

Russia has granted approval to import fish and fish products to the Russian Federation from Sri Lanka, 2014, the External Affairs Ministry said. The Ministry said the Federal Service of Veterinary Surveillance under the Ministry of Agriculture of the Russian Federation granted approval to import fish and fish products to the Russian Federation as a result of the untiring efforts of the Sri Lankan Government through its Embassy in Russia.

EDB secures links with world’s largest textile retailer ZARA

Wed, 26 Nov 2014 00:00:00 +0000

For the first time in Sri Lanka’s apparel history, the Export Development Board has directly linked top Lankan apparel suppliers with the world’s largest textile retailer, Spain’s ZARA and is stepping up its support for apparel market diversification. “Though the Lankan apparel sector caters to many international brands, we have still not been able to manufacture to Zara brand, the world largest fashion retailer. This successful effort directly linked our apparels to Zara for the first time,” said Chitranjali Dissanayake (Director-Industrial Products of SLEDB).

EDB in global apparel breakthrough

Wed, 26 Nov 2014 00:00:00 +0000

For the first time in Sri Lanka’s apparel history, the EDB, Sri Lanka’s apex export facilitator, has directly linked top Lankan apparel suppliers with the world’s largest textile retailer, Spain’s ZARA on 29 October. The facilitator, the Sri Lanka Export Development Board (EDB), is stepping up its support for apparel market diversification. “Though the Lankan apparel sector caters to many international brands, such as Victoria’s Secret, Gap, Nike, Tommy Hilfiger and Marks & Spencer, we still haven’t been able to manufacture for the Zara brand, the world’s largest fashion retailer. This successful effort directly linked our apparels to Zara for the first time,” said EDB Director – Industrial Products Chitranjali Dissanayake recently.

Taiwan textile fair opens in Colombo

Tue, 25 Nov 2014 00:00:00 +0000

The Taiwan textile industry is the acknowledged world leader in research, development and manufacturing of fabric and garment accessories. The highly successful Taiwan Textile Fairs brings together leading suppliers of textiles and related products from Taiwan, one of the world’s largest apparel textiles exporting countries to Sri Lanka, at the Taiwan Textiles Fairs in South Asia 2014. The fairs will showcase innovative and high performance functional textiles for apparel, bags, shoes, rainwear, etc. to Sri Lankan manufacturers. The fair will be held on 24 and 25 November at the Grand Crystal Ballroom of the Taj Samudra Hotel.

EDB hits China gold with first mainland MoU

Tue, 25 Nov 2014 00:00:00 +0000

Sri Lankan exports broke fresh ground on 20 November, as a pioneering MoU between the country’s apex exports facilitator EDB and China was entered into in Colombo. With the commencement of FTA talks, bilateral relations have also further deepened. “During President Xi Jinping’s recent visit to Sri Lanka this September, he and President Mahinda Rajapaksa reached consensus to deepen the strategic partnership and joint construction of 21 Century Maritime Silk Road. Now the countries have officially started the bilateral FTA negotiations and we believe that the bilateral cooperation would be further deepened in future,” said Zhang Hua, Vice President of CCPIT Guangdong Sub Committee.

How to develop Sri Lanka’s wood-based industry

Mon, 24 Nov 2014 00:00:00 +0000

A conference and workshop under the theme “Wood Based Industry – Way Forward’ organized by the Wood Based Industrialist Association of Sri Lanka (WBIA), will be held at the Export Development Board (EDB) Auditoriumon on November 28. Channa Wijesekera, President of the Wood Based Industrialist Association of Sri Lanka, is expected to outline the problems facing the wood based industry in this article. He explains why this important industry has not developed over the years and proposes a series of solutions to remedy the situation. When analyzing the development of t he various industries in Sri Lanka, the timber and ti mber related industry indicates a comparative downward trend or slow progress in comparison with the other industries.

Canada for more trade with SL

Wed, 19 Nov 2014 00:00:00 +0000

The Jaffna International Trade Fair (JITF), the most comprehensive and ‘looked forward to’ exhibition in the North will be held for the sixth consecutive year in the heart of Jaffna from the January 23-25, 2015. The exhibition which was the first of its kind to be held in the Northern region of the country has throughout the years been renowned as the best and most potent platform for the meeting of investors, businesses and the masses in the region.

Jaffna Int’l Trade Fair during Jan 23-25, 2015

Wed, 19 Nov 2014 00:00:00 +0000

Kenya-Sri Lanka Joint Economic Cooperation talks a success

Tue, 18 Nov 2014 00:00:00 +0000

Kenya, the newest entrant to Africa’s top 10 list, called for renewed trade with Sri Lanka and in a display of its commitment towards this end requested three trade pacts with Sri Lanka in one go by 2015. “We are looking forward to more trade interaction and expecting a delegation to Nairobi from Sri Lanka next year. By the time of your visit to Nairobi we are looking forward to conclude current discussions on three agreements being discussed and to sign them,” said Amb. Nelson Ndirangu Ogn (Director, Economic Affairs and International Trade of Kenyan Ministry of Foreign Affairs, Nairobi) on 12 November in Colombo.

Sri Lanka's export trade sector grows 11.1%

Sun, 16 Nov 2014 00:00:00 +0000

Sri Lanka's Export Trade sector recorded a relatively a higher growth of 11.1 per cent in second quarter 2014, when compared to the slower growth of 1.2 per cent recorded in the second quarter of 2013, Department of Census and Statistics said in its Quarterly Estimates of Gross Domestic Product report released recently. According to the Balance of Payment statistics of Central Bank of Sri Lanka, export earnings increased to Rs343,058 million in the second quarter of 2014, from Rs291,274 million in the second quarter 2013, indicating a growth of 17.8 per cent, said the Census and Statistics Department.

Bangladesh announces speedier trade pact in the offing

Thu, 13 Nov 2014 00:00:00 +0000

As bilateral trade with Bangladesh showed a strong rise, the country has signalled that it has now started moving towards the historic trade pact with Sri Lanka, as revealed yesterday in Colombo, and Bangladesh wants the agreement to be signed fast. “At my final meeting with Prime Minister Sheikh Hasina just before my departure to Colombo, she advised me to focus strongly on trade during my new tenure in Sri Lanka. I am pleased to inform you that the trade agreement under discussion between both countries at present will come to a successful end,” announced the newly-appointed Bangladeshi High Commissioner to Sri Lanka Tarik Ashan yesterday.

Ornamental fish featuring notably in 14 percent export growth

Mon, 10 Nov 2014 00:00:00 +0000

Sri Lanka has earned USD 7.34 billion from exports up to August this year, recording a positive growth of 14 per cent when compared to the corresponding period in 2013, said Sri Lanka Export Development Board Chairman cum Chief Executive Officer Bandula Egodage. Addressing a gathering at the First International Ornamental Fish Trade Conference in Colombo yesterday he said despite many constraints and challenges faced by local exports domestically and internationally, the willingness shown by them to sustain continuous growth was commendable.

Rubber industry can grow bigger than garments

Mon, 10 Nov 2014 00:00:00 +0000

The rubber industry in Sri Lanka has the potential to grow bigger than the garment industry. “Unfortunately, foreign investors have not seen the possibility of this factor,” says Global Rubber Industries Ltd (GRI) Managing Director Prabhash Subasinghe. According to GRI, a leading industrial solid tyre manufacturer based in Sri Lanka; supplying solid tyres to Original Equipment (OE) manufacturers and replacement markets in more than 45 countries worldwide since 2001; Sri Lanka is the world’s largest producer of high-quality solid tyres, dominating about 60% of the global market.

Trade renewal in offing with largest Nepali biz visit in a decade

Mon, 03 Nov 2014 00:00:00 +0000

As Lanka-Nepal trade leaped by threefold and showed new signs of revival, the biggest Nepali business delegation to Sri Lanka after almost a decade concluded their visit successfully on 2 November and also gave an unprecedented opening for the country’s artisans to enter two of the highly profitable craft markets in the region through Nepal and Sri Lanka’s creative artisans have been invited to November’s International Fair in Kathmandu. “Sri Lanka and Nepal have historic relations and now is the time to go to the next step; towards stronger bilateral trade. The main reason we are coming to Sri Lanka is that you have very good gem processing technology – also we need your natural precious stones,” announced Trade and Export Promotion Center (TEPC) Member of Board of Directors and the leader of the visiting Nepali delegation Bikash R. Dhakwa on 29 October in Colombo.

Sri Lanka attends ICC Conference on Global Economic recovery in Dhaka

Fri, 31 Oct 2014 00:00:00 +0000

The Export Development Board of Sri Lanka led a trade delegation from Sri Lanka to participate at the International Chamber of Commerce Conference on Global Economic Recovery which was held in Dhaka on 25-26th October 2014. On the sidelines of the Conference, nine Sri Lankan companies included in the delegation participated in two Business Match-Making sessions with the members of the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) and the Dhaka Chamber of Commerce and Industry (DCCI) at two events on 27th October. The participating companies represented printed packaging products, garment and textile accessories, IT and education, food processing and electric cable sectors. The delegation also met with the senior officials of the Board of Investment of Bangladesh and Bangladesh Garment Manufacturers and Exporters Association.

Two Lankans clinch global rubber glory

Thu, 30 Oct 2014 00:00:00 +0000

Two Sri Lankans won GRC Wickham awards at the Global Rubber Conference 2014 (GRC) held at the Cinnamon Grand Hotel on 28 October. “At the next Global Rubber Conference, the knowledge received at today’s sessions should be reflected and evaluated. In such a background it is important for us to continuously review developments in all the closely related aspects and industries including the global economy and currencies as well,” said Industry and Commerce Minister Rishad Bathiudeen said while speaking at the conference.

Global Rubber Conference 2014 kicks off in Colombo

Wed, 29 Oct 2014 00:00:00 +0000

The local rubber industry received much emphasis yesterday with the Global Rubber Conference (GRC) 2014 kicking off in Colombo. The four-day event, which started on 27 October, is taking place for the fourth consecutive year. The GRC is recognised to be one of the world’s leading conferences on natural rubber and NR-based products and is held on an annual basis rotating in different rubber-producing countries. Organised by the Sri Lanka Export Development Board (SLEDB) and Confexhub with the support from the Ministry of Plantation Industries and the Ministry of Industry and Commerce, the event saw about 250 delegates from over 25 countries come together to discuss and get updated on the pertinent issues affecting the global rubber industry.

Sri Lanka has an impressive record in planting, production & export of rubber – President

Tue, 28 Oct 2014 00:00:00 +0000

Sri Lanka has an impressive record in the planting, production and export of rubber which is today the third largest sector to the country’s economy, said President Mahinda Rajapaksa. Rubber is an important part of the country’s plantation sector and its contribution to agro-industry provides gainful employment to more than 300,000 persons making it a mainstay in the socio-economic aspects of the country, he added. Sri Lankan Rubber and Rubber products have today earned worthy recognition for good quality and reliability in the international market, he stated.

Lanka’s top global FDI partner in yet another $ 1 b rollout

Tue, 28 Oct 2014 00:00:00 +0000

Sri Lanka’s largest global FDI partner Malaysia is mulling a new wave of incremental FDI totalling $ 1 b with an emphasis on SMEs. It will become one of the largest-ever Private Public Partnership (PPP) ventures in Sri Lankan SMEs and the entry of biggest SME financier in Malaysia to Sri Lanka is the first step in their South Asian leap. “We are thinking of another $ 1 billion portfolio in Sri Lanka in addition to the current investment portfolio here by EXIM Bank of Malaysia. SMEs are the priority sector in this new $ 1 b rollout while other sectors are also being mapped,” said Syed Zed Al Qudsy, President of SME Factors, Jalan, Malaysia on 15 October, addressing Minister of Industry and Commerce Rishad Bathiudeen at the EDB Building in Colombo.

Jaffna IT Week to take IT/BPM sector north

Sat, 25 Oct 2014 00:00:00 +0000

The National IT/BPM Chamber, Sri Lanka Association for Software and Services Companies (SLASSCOM), in an effort to promote inclusive growth and reconciliation, will stage the Jaffna IT Week from 3-6 December at a number of venues across the region. The Jaffna IT Week will comprise the Future Careers Program on 3 and 4 December at the Vembadi Girls’ High School, an IT/BPM Export Forum staged at the Tilko City Hotel on 5 December and the Jaffna IT Conference, which will be held at the Kailasapathy Auditorium of the University of Jaffna on 6 December

Sri Lanka represented at the largest SME Fair in the Asia Pacific region in Guangzhou

Tue, 21 Oct 2014 00:00:00 +0000

Sri Lanka participated for the first time at the 11th edition of the China International SME Fair (CISMEF) in Guangzhou from 11 to 14 October 2014. The Sri Lanka Pavilion was jointly organized by the Consulate General of Sri Lanka in Guangzhou and the Sri Lanka Export Development Board and had strong representation from business leaders of the SME sector, showcasing premium products from thrust export sectors such as gems and jewellery, tea and spices, handicrafts, handlooms and ayurvedic products. Mrs. Sujatha Weerakoon, Director General of the Sri Lanka Export Development Board, speaking at the opening of the Sri Lanka Pavilion pointed out that the Government’s numerous trade facilitation initiatives and President Xi Jinping’s recent State Visit to Sri Lanka have created new opportunities for even closer cooperation between Sri Lanka and China, particularly in trade and urged Sri Lanka companies present to maximize the opportunity to enter the attractive Chinese market.

First-ever on-water Boat Show a success

Sat, 18 Oct 2014 00:00:00 +0000

Colombo’s latest international boat show, which featured an on-water boat display for the first time, concluded successfully after a three-day run on 12 October. “We have been talking about five hubs. Today there are two major milestones taking place at this event – the promotion of the maritime hub as well as our tourism,” said EDB Chairman and CEO Bandula Egodage, addressing the inauguration event of Boatshow 2014 on 10 October at Dickowita Harbour, Wattala.

Sri Lankan ICT companies at GITEX 2014 in Dubai

Thu, 16 Oct 2014 00:00:00 +0000

Six Sri Lankan ICT companies, Brandix I3 Ltd., hSenid Software International, Microimage Ltd., Negete Ltd., Pyxle Ltd. and AP Lanka Ltd. are exhibiting their software products and services at ‘GITEX Technology Week’ from 12 to 16 October at the Dubai World Trade Centre. The Sri Lanka Export Development Board (EDB) organised the country pavilion in coordination with the Sri Lanka Consulate General in Dubai.

US-SL trade talks conclude in Colombo

Thu, 16 Oct 2014 00:00:00 +0000

Talks under the Sri Lanka and US Trade and Investment Framework Agreement (TIFA) concluded yesterday in Colombo, reiterating the commitment to foster greater bilateral economic engagement. “The US-Sri Lanka Trade and Investment Framework Agreement (TIFA) is the premier dialogue for managing bilateral trade and investment relationship between both countries. This relationship amounts to $ 3 b” said Michael Delaney, the visiting Assistant United States Trade Representative for Central and South Asia yesterday in Colombo. Delaney, who is leading a 10-member official delegation to Sri Lanka, was addressing the 11th Joint Council Meeting (JCM) under the US-Sri Lanka Trade and Investment Framework Agreement (TIFA) at the Taj Samudra, Colombo.

56% of export target achieved : Minister Rishad

Wed, 08 Oct 2014 00:00:00 +0000

With latest January-August export totals, Sri Lanka has clinched 56% of annual export target for 2014 while the spice sector has returned, as revealed on 3 October. Meanwhile, the spice industry is full of praise for the Government for the assistance lent to the sector’s development. “By end of this August we have already achieved 56% of our annual national export target for year 2013. Thanks to you, the committed spice and other product exporters, we are able to move towards our overall $ 20 b target now,” said Minister of Industry and Commerce Rishad Bathiudeen on 3 October in Colombo. Bathiudeen was addressing the 11th Annual General Meeting of The Spice Council (TSC) at the Taj Samudra Hotel. Also present on the occasion were Minister of Minor Export Crop Promotion Reginald Cooray, DoC DG R.D.S. Kumararatne,EDB DG Sujatha Weerakoone , The Spice Council Chairman Nanda Kohona, founder Chairman of the Spice Council of Sri Lanka Sarada De Silva, top officials of EDB and many leading members of Sri Lanka’s spice industry.

Boat Show 2014 to take centre stage in October

Mon, 06 Oct 2014 00:00:00 +0000

South Asia’s premier boat show and fisheries exhibition, ‘Boat Show 2014’ organized by Boat Building Technology Improvement Institute (BTI), Sri Lanka Export Development Board and Lanka Exhibition and Conference Services will take centre stage from October 10-12, 2014 at the Dickowita Fisheries Harbour under the theme ‘Promotion of Leisure Boating in Sri Lanka’. The main objective of the event is to attract buyers from all corners of the globe, while positioning Sri Lanka as the hub for the industry in South Asia and to develop a forum between buyers and sellers to facilitate industry growth.

Matching global construction standards vital for country’s progress: Minister Rishad Bathiudeen

Sat, 04 Oct 2014 00:00:00 +0000

Sri Lanka’s surging construction sector is not only an indicator of economic health, but also an integrator of an important economic layer, meaning that following international standards in the construction sector could help the country’s ‘Hub Status’ journey, Industry and Commerce Minister Rishad Bathiudeen said yesterday. “The construction sector claims only 7.3% of our GDP. However, the sector is much more important than these numbers would indicate. There is a strong SME presence in this sub-sector,” the minister expressed. Minister Bathiudeen was addressing the inauguration ceremony of the International Exhibition on Windows and Doors, Aluminium Extrusion, Roofing and Façade, Glass and the 2nd International Exhibition on Sri Lanka Wood at BMICH.

Russia opens seafood market for Lankans

Fri, 03 Oct 2014 00:00:00 +0000

Sri Lankan seafood exporters have been invited by Russia to export to the country giving a major boost to the industry. Russia's Ambassador to Sri Lanka Alexendra Karchava speaking at the Russia Sri Lanka Business Council AGM and a meeting with Sri Lankan seafood exporters said in current political and economic context, Russia is seeking to diversify its food items market and reorient it from European countries by reaching towards new suppliers in new regions, particularly, in Asia.

Top corporates in Lanka’s first industrial energy push

Mon, 29 Sep 2014 00:00:00 +0000

Several top Lankan manufacturing firms have been enlisted in the first ever industrial energy initiative as announced on 25 September. As a result of the success, a second manufacturing energy initiative is now being mulled. And, Ceylon Electricity Board is slowly ‘getting off’ from expensive oil powered generation! Minister of Industry and Commerce of Sri Lanka Rishad Bathiudeen (third from left) inaugurates 12th POWER Sri Lanka 2014 International Expo at Sri Lanka Exhibition and Conventions Centre, Colombo joined by (from left): CEMS Sri Lanka CEO Sarwar, Central Engineering Consultancy Bureau Chairman Nihal Rupasinghe, CEMS Global Asia Pacific Group CEO S.S. Sarwar, EDB Chairman & CEO Bandula Egodage and Ceylon Electricity Board Vice Chairman Professor Kapila Perera on 25 September

Jan-August exports up by 14%’-Rishad

Fri, 26 Sep 2014 00:00:00 +0000

Sri Lanka’s January-August exports have surged by a strong 14%, as announced on 25 September. And more than 110 exporters and Chamber reps have thronged the fifth national Exporters’ Forum in Colombo. “I am pleased to say that according to the latest provisional data by EDB , January to August 2014 exports have increased by a strong 14.03% to $ 7.34 Bn. As committed exporters, it is your valuable efforts that can help us, to move our target, of $ 20 Billion exports, by 2020, under the committed vision, of HE the President Mahinda Rajapaksa” said a satisfied Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 25 September.

Sri Lanka showcases SME drive at UN’s Export Forum

Thu, 25 Sep 2014 00:00:00 +0000

A well-known Sri Lankan tea brand received the keen attention of global export experts at the UN’s latest 2014 World Export Development Forum in Rwanda, while the role of Sri Lanka’s apex export body, the EDB, in enhancing SME exports was also revealed to global experts. “Several Lankan brands play an important part in Sri Lanka’s exports success. Some Lankan brands have been able to compete against larger brands from multinational companies,” said EDB Chairman and CEO Bandula Egodage , taking part in the World Export Development Forum (WEDF) on 16 September in Kigali, Rwanda.

Sri Lankan Agricultural Delegation visit Israel

Tue, 23 Sep 2014 00:00:00 +0000

SLEDB organized a technical exposure and awareness programme in Israel from 10-15 September 2014, for a group of growers of the Sri Lanka Protected Agriculture Entrepreneurs Association in the Central province, to provide training & awareness on intensive cultivation methods of fresh fruits & vegetables , other protected agriculture systems, efficient management of water resources & soil, open field irrigation methods, post harvest handling, export packaging and marketing. The programme was conducted with the assistance of the Honorary Consulate of the Israel, The Sri Lankan Embassy in Israel, MASHAV (Israel's Agency for International Development Cooperation) and CINADCO (Center for International Agricultural Development Cooperation) which is functioning under the Department of Agriculture & Rural Development in Israel.

Ceylon Chamber, EDB to lead business mission to Indonesia in October

Tue, 23 Sep 2014 00:00:00 +0000

The Ceylon Chamber of Commerce together with the Export Development Board of Sri Lanka is making arrangements to lead a business delegation to Indonesia, to explore trade, investment and tourism opportunities in that country. The Joint Business Promotion Mission to Indonesia will take place from 7 to 11 October, which coincides with the Sri Lanka – Indonesia Joint Economic Commission meeting to be held in Jakarta.

Sri Lanka looks to dress more Brazilians

Mon, 22 Sep 2014 00:00:00 +0000

Sri Lanka’s apparel sector is looking to dress more Brazilians as the first ever industry delegation kicks off a promotional tour today to tap potential in the giant South American market. In an effort to expand the buyer base for Lankan apparels, the Export Development Board (EDB) and the Joint Apparel Association Forum (JAAF) together with the Sri Lanka Embassy in Brazil has organised the six day promotional program from 22 to 27 September.

Sri Lanka starts work on global consumer compliance

Sun, 21 Sep 2014 00:00:00 +0000

Sri Lanka has begun compliance work on the global consumer end of its exports basket on 18 September. And no less than two top experts from Geneva’s WTO are in town to facilitate the pioneering effort. “Today, more countries around the world continue to reduce their border tariffs, either unilaterally or through an increasing number of free trade agreements, called as RTAs-Regional Trade Agreements. Non-tariff barriers such as SPS and TBT measures have begun to create a significant impact on international trade. Unfortunately, most of these measures appear to be highly complex and increasingly challenging” said Anura Siriwardene (Secretary, Ministry of Industry and Commerce) on 18 September in Colombo.

Footwear Exports Double

Sun, 21 Sep 2014 00:00:00 +0000

Sri Lankan manufactured Footwear exports have doubled during the year 2013, compared 2012, a new study conducted by the Ceylon Chamber has revealed. According to the study titled ‘Footwear Exports and Imports of Sri Lanka – Statistical Analysis’, which covers the periods of 2006 to 2013, Australia and Italy ranks as the main export markets for Sri Lankan footwear.

EDB calls for full Lankan exporter registration

Fri, 19 Sep 2014 00:00:00 +0000

Sujatha Weerakoone (DG-EDB) addresses "How to Export Quality Fruit and Vegetable to the EU Region" session held at the EDB auditorium recently. Sri Lanka's apex export entity has issued a clarion call to the country's exporter community to register with it and enlist in its surging database on 16 September. "Some non-registered exporters, unaware of procedures have brought a bad reputation for Sri Lanka. It is time all Lankan exporters register with EDB" voiced a keen Sujatha Weerakoone (DG-EDB) on 16 September in Colombo.

The need for exporters to register with the EDB stressed

Wed, 17 Sep 2014 00:00:00 +0000

Sri Lanka's apex export entity – EDB, yesterday claimed that some non-registered exporters with no knowledge of procedures have brought a bad reputation for Sri Lanka. EDB pointed out that, the European Commission Director General of Health and Consumers had recently informed the National Plant Quarantine Services of Sri Lanka that some consignments of fresh fruits and vegetables (only) exported to EU and Switzerland were contaminated with pests, and that of 350 fresh fruits and vegetables (only) consignments that entered the EU from 2011 to date, 292 were contaminated with pests.

Sri Lanka-China FTA deal during Chinese President’s visit next month

Tue, 16 Sep 2014 00:00:00 +0000

Sri Lanka will be launching its Free Trade Agreement (FTA) with China making the biggest leap forward in relations between the two countries in more than 60 years, during Chinese President Xi Jinping’s state visit to the island next month, official sources revealed. Mr. Xi will be accompanied by a 150-member top level delegation including senior officials, billionaire businessmen industrialists and investors. The Chinese leader will become the first President to visit Sri Lanka since former leader Li Xiannian in 1986. His visit assumes significance in strengthening ties between the two countries, with China investing heavily in the island nation, the sources said. The joint feasibility study on the FTA has been finalised and negotiations on formulating the agreement including the negative list are underway between officials of the departments of commerce between the two countries, a senior government official told Business Times.

EDB starts first ever medical tourism push

Mon, 15 Sep 2014 00:00:00 +0000

“Professional service exports present a tremendous opportunity and can speed up government’s ‘$20B exports by 2020’ goal. Medical Tourism is one of the most promising sub-sectors in this. We are ready to work with any and all stakeholders to get this off the ground” said Director General, EDB, Sujatha Weerakoone addressing the kick-off session of EDB's 2015-20 National Masterplan Initiative on Medical Tourism held at EDB last week. The pioneering session saw top reps from Hemas Hospitals, Asiri Group of Hospitals, Lanka Hospitals, Durdans Hospital, Nawaloka Hospitals PLC, the Health Ministry as well as M.K.S.K Maldeniya (ICT Sector Director-EDB) joining the session. The private sector reps also represent Sri Lanka’s Private Hospital Association (PHA).

FACETS 24th edition ends on a high note

Sat, 13 Sep 2014 00:00:00 +0000

The 24th edition of FACETS Sri Lanka 2014, the international gem and jewellery exhibition organised by the Sri Lanka Gem and Jewellery Association (SLGJA) ended in a high note. The event was very successful with over 150 stall holders including individual exhibitor pavilions from The National Gem and Jewellery Authority (NGJA) and an SME pavilion from the Export Development Board (EDB). In addition, over 100 international buyer delegations attended the expo, across China, India, Myanmar, Dubai, Singapore, Thailand, Hong Kong, USA, Russia and Germany. Stall holders from Singapore, Dubai, Myanmar, China and India also participated at the event.

EDB in new push for Japanese IT market

Sat, 13 Sep 2014 00:00:00 +0000

As Sri Lanka’s IT exports topped $ 719 m, a business journalist from world’s fourth largest selling newspaper was taken by surprise by the country’s inroads into one of the most demanding niche software markets in the world. “I am really surprised by your ability in our platforms. This is news!” exclaimed Yuichi Kiriyama, business journalist of Japanese language Mainichi Shimbun, the world’s fourth largest selling newspaper. Yuichi was addressing a special gathering of the software interest group for the Japanese market held on 5 September in Colombo facilitated by the EDB.

First ever business delegation from Finland due in December

Wed, 10 Sep 2014 00:00:00 +0000

LThe first-ever high level trade and business delegation to Sri Lanka from the world’s ICT leader is now mulled for early December. “I have been able to encourage my Government to renew trade cooperation with Sri Lanka. I have been highly encouraged by the rapid development seen in Sri Lanka. The first-ever Finnish business and investment delegation is now being scheduled for the first week of December 2014,” announced Finland’s Roving Ambassador for Bhutan, Maldives, Pakistan and Sri Lanka Rauli Suikkanen on 4 September in Colombo. Suikkanen was addressing Minister of Industry and Commerce Rishad Bathiudeen during a courtesy call on Bathiudeen. Also present was EDB Chairman and CEO Bandula Egodage .

Sri Lanka's bilateral trade with Israel surges 178% since trade pact in 2007

Mon, 08 Sep 2014 00:00:00 +0000

Sri Lanka's bilateral trade with Israel has surged by 178% since a trade pact signed in 2007, signaling even closer B2B links between the two countries, a press release issued by the Ministry of Industry and Commerce said. "We have a history of bilateral trade and business cooperation with the State of Israel. This time we took about 40 leading businessmen to Israel from Sri Lanka and completed a successful Business Forum", Sarath Wijesinghe, Sri Lanka's Ambassador in Israel said Friday at a business review meeting in Colombo.

Spice exports up 40% in 2013

Sun, 07 Sep 2014 00:00:00 +0000

Sri Lanka's spice exports rose 40 percent to $329 million in 2013 from $ 236 million in 2012. Spice export revenue was US$ 115 million in 2009,The Export Development Board (EDB)statistics revealed. As Sri Lanka's spice exports leaped by 40%, a new program was launched by the EDB last week to boost exports of the perennial crop. Meanwhile, a leading packaging consultant said that the Sri Lankan export packaging sector is now maturing with more ‘high barrier package’ visibility. “The key factor is how to market our spices. Our spices are traditionally exported in bulk form. Sri Lanka now encourages value added exports and discourages raw exports.

Lanka vying for $3B rubber sector

Sun, 07 Sep 2014 00:00:00 +0000

As the first ever Global Rubber Confab to be held in Sri Lanka is announced on 28 August, the country positioned its historic rubber industry to be a $ 3B sector. And a top global rubber body voiced that rubber prices would recover ‘before very long’. “We are now aiming at an ambitious $3B rubber industry in the coming decade. To arrive at this $3B in a viable manner, it is essential for us to support our rubber farmers. I believe it is time for a long term development plan for this sector. The 2013 rubber exports of $960 Mn is a 100% increase compared to rubber exports five years ago” said a keen Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 29 August in Colombo.

Lanka-China FTA electrifies $8B global apparel giant to action

Sat, 06 Sep 2014 00:00:00 +0000

The forthcoming Lanka-China FTA has electrified no less than a $8B global apparel giant who is also the world’s largest shirt maker. “We are very excited about the forthcoming Lanka-China FTA; having duty free market access to China is very important for us as an apparel sourcing firm and the benefits are great. This is even more important for us since we have considerable income from Asia-30% of our turnover from Calvin Klein brand alone originates from Asia!” said Mark Green, the Executive Vice President of Global Supply Chain of New York’s PVH Corporation on 14 August in Colombo.

‘Our trade future looks good!’: Seychelles

Wed, 03 Sep 2014 00:00:00 +0000

Enhanced trade cooperation cemented by a new Joint Trade Committee will open Sri Lanka’s anticipated trade volumes with Africa said Seychelles on 27 August. Lankan exports to Africa’s top blue economy as well as transit passenger volumes to Colombo is now on the increase as a result of recent air connectivity. “The prospective Joint Trade Committee between Sri Lanka and Seychelles will be Sri Lanka’s platform for accessing the huge African market. Almost all the issues regarding quarantine of certain exports have now been resolved and all requirements met! As a result we are now receiving loads of more Lankan fresh fruits and vegetables than before,” said an upbeat Minister for Finance, Trade and Investment of Seychelles Pierre Laporte in Colombo.

EDB tackles value addition and packaging for spices

Wed, 03 Sep 2014 00:00:00 +0000

Spice exports have recorded a 40% increase, with the key challenge being how to market Sri Lanka’s products to gain better returns, an official said yesterday.Sri Lanka’s total spice exports in 2013 stood at $ 329 million, rising by 40% from 2012’s $ 236 million. Last year’s spice exports revenue were also a leap of more than 100% from 2009’s $ 115 million, Export Development Board Chairman Bandula Egodage told companies at the first national packaging awareness seminar.

Record number of SMEs to participate in FACETS Sri Lanka 2014

Mon, 01 Sep 2014 00:00:00 +0000

Over 50 small and medium enterprises will take part in FACETS Sri Lanka 2014, the international gem and jewellery exhibition, according to the organising committee. Organised by the Sri Lanka Gem and Jewellery Association (SLGJA), this year’s event held for its 24th year, will be held from 4-7 September at the Sirimavo Bandaranaike Memorial Exhibition Centre.

Govt. keen to triple rubber industry to $3b

Sun, 31 Aug 2014 00:00:00 +0000

Sri Lanka has garnered more than $4.6 Mn orders at the recently concluded Kunming Int’l Fair in China-and this too is only from the initial overview of Kunming outcomes rather than any in-depth totals. “I am pleased of the performance of the delegation of 119 companies and businesses that I led to Kunming. I commend EDB for this successful facilitation effort” said a satisfied Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 31 July in Colombo.

Rubber Industry Facing Great Challenges

Sun, 31 Aug 2014 00:00:00 +0000

The rubber industry is facing great challenges from an increasingly competitive global market, said Dr Abdul Aziz, Secretary General of International Rubber Research and Development Board (IRRDB) and also the Chairman of Confexhub Malaysia on Thursday in Colombo. Announcing the Global Rubber Conference to be held in Sri Lanka in October, he said that in the past few years, many other commodities had surpassed the rubber industry and therefore, it was imperative for the rubber industry to gear up and meet those challenges. The 4th Global Rubber Conference (GRC 2014), one of the world’s leading conferences on rubber sector, is to be held in Colombo from October 27 to 30.

World Export Development Forum 2014 to be held in Africa for the first time

Sun, 31 Aug 2014 00:00:00 +0000

The World Export Development Forum (WEDF), a flagship event of the International Trade Centre (ITC), is bringing its 14th edition to Africa, with a dedicated focus on entrepreneurs. Dedicated to supporting trade-led inclusive and sustainable development, the forum will be held in Africa for the first time, and is slated to take place in Kigali, Rwanda on 16-17 September, under the theme SMEs: Creating jobs through trade. Besides, participants at the 14th World Export Development Forum (WEDF) will have the opportunity to hear expert views from entrepreneurs, policymakers and representatives of trade support institutions on how both new technology and traditional sectors can help promote growth.

Lankan biz throng first Seychelles forum in Colombo

Wed, 27 Aug 2014 00:00:00 +0000

No less than 130 reps from 125 Lankan firms thronged the first bilateral B2B call between Sri Lanka and Seychelles biz ever to be held in Colombo on 27 August. “Today’s event can be a stepping stone for more bilateral trade between both countries, which is an urgent need at this moment. The total bilateral trade has been low at only $3.7 Mn. Today’s initiative therefore is a major step in this direction” said Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 27 August in Colombo.

High level ‘Nam push for Lanka investments

Mon, 25 Aug 2014 00:00:00 +0000

The Government of Vietnam, while unravelling Lankan investment volumes within its borders, signalled on 22 August of its own investment push towards Sri Lanka-and coming from its high levels. “Already 10 Sri Lankan investment projects are in Vietnam. Vietnam investors and businesses too are eager to go out of the country and invest. I hope the Government of Sri Lanka would create an enabling environment for Vietnamese business and investors” said a keen Pham Binh Minh (the Vietnamese Deputy Prime Minister who is also the Minister of Foreign Affairs of Vietnam) on 21 August in Hanoi.

Historic Lanka-Vietnam trade link established in Hanoi

Fri, 22 Aug 2014 00:00:00 +0000

The first ever Sri Lanka Vietnam official trade mechanism went live in Hanoi on 21 August. And the new mechanism, according to the Vietnamese side, is the practical way for bigger trade cooperation in the form of an Agreement. “Today’s new beginning will open many new opportunities for both countries. I am fully convinced that setting up of a Joint Working Group (JWG) or Joint Trade Sub Committee, would lay a concrete foundation to enhance the existing bilateral trade and economic relations new heights. My Ministry would closely monitor the progress” said n Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) at the Head Quarters of Ministry of Industry and Trade of Vietnam, Hanoi on 21 August.

Lanka export acceleration push begins

Wed, 20 Aug 2014 00:00:00 +0000

Exports, the lifeline of Sri Lankan economy, are a national priority. The urgency of the exports accelerating strategy is such that it could kick-start even before its full design cycle is over. Meanwhile, brand Sri Lanka packs hidden potentials that could be leveraged for national export growth.

First hand Syrian account reveals Lanka a destination beyond Gulf

Mon, 18 Aug 2014 00:00:00 +0000

For the first time, Syrian investors' view on trading and investing in Sri Lanka has been revealed in a first-hand account on 13 August in Colombo. And the cash rich Syrians want to set up active projects first, rather than sending a stream of hot funds. “As countries, Gulf economies are richer than Syria but when it comes to individual countries’ private capital volumes, everyone knows that Syrians are way ahead and much more liquid than private capital in Gulf region. The main issue now is that the Syrian industrial community is on the lookout for an investment hub due to the current unrest in Syria. There are a few keen big investors who are studying Sri Lanka closely” said an upbeat Dr Mhd. Moussallam Al Droubi (CEO of Al Droubi Group and the Hon Consul of Sri Lanka in Damascus, Syria) on 13 August in Colombo.

Finished rubber goods export up

Sun, 17 Aug 2014 00:00:00 +0000

In 2013, Sri Lanka's natural rubber sheet exports stood at US $71.6 million, while the export of finished rubber goods stood at US $ 887 million, compared to US $ 856 million in 2012, an increase of 4%, said Industry and Commerce Minister Rishard Bathiudeen at the inauguration of the second edition of Sri Lanka PLAST and the first edition of RUBEXPO at the BMICH last week. “Our plastic exports stand at US $60.11 million compared to US $ 57 million in 2012, an increase of 5%. We encourage value addition for rubber exports. These two sectors have been identified as thrust industries and are expected to contribute significantly to national economic growth and help meet our planned 7.8% GDP target this year,” he said.“Our company exports rubber products and slippers to India in fairly large quantities.

India has the most balanced trade with Sri Lanka: Sinha

Fri, 15 Aug 2014 00:00:00 +0000

When it comes to global trade parities of the world’s 10th largest economy, the most balanced trade it conducts is with Sri Lanka, India claimed yesterday. “India has the most balanced trade with Sri Lanka among its major trade partners. Both sides are involved in continuing discussions to take economic engagement to the next level,” said Indian High Commi-ssioner in Sri Lanka Y.K. Sinha yesterday. Sinha was addressing the singular inauguration event of two expos on 14 August – the second edition of Sri Lanka Plast and the first edition of RUBEXPO at the BMICH. Also taking part were Minister of Economic Development Basil Rajapaksa, Minister of Industry and Commerce Rishad Bathiudeen, Ministry of Industry and Commerce Secretary Anura Siriwardene, EDB CEO Bandula Egodage and EDB DG Sujatha Weerakoone.

Lanka in first mutual recognition agreement trade call with biggest global supplier

Wed, 13 Aug 2014 00:00:00 +0000

As bilateral free trade leaped by a huge 40%, Sri Lanka’s biggest supplier in the world nodded in agreement on 7 August that a wider and consistent trade harmonisation push could remove existing barriers in one go -and amplify bilateral business. “Sri Lankan businesses that invested in India have done very well. I agree with you that a wider Mutual Recognition Agreement will be useful to increase bilateral trade. I also agree that the lack of unified market standards across various states in India could be an issue for Lankan exporters,” said a keen Arindam Bagchi (Deputy High Commissioner of India to Sri Lanka) on 7 August in Colombo. Deputy High Commissioner Bagchi was addressing Minister of Industry and Commerce of Sri Lanka Rishad Bathiudeen on 7 August during the first courtesy call he made on Minister Bathiudeen. Deputy High Commissioner Bagchi previously served in such stations as Beirut, New York, Spain and was finally functioning as the Director of Indian Prime Minister’s Office (PMO) before he arrived in Colombo. Joining Minister Bathiudeen on 7 August were Department of Commerce of Sri Lanka DG R.D.S. Kumararatne and EDB Chairman/CEO Bandula Egodage.

Exhibitions will put Sri Lanka on the map swiftly: Swaminathan

Wed, 13 Aug 2014 00:00:00 +0000

Plastics and Rubber Institute of Sri Lanka (PRISL), together with Enterprising Fair India will conduct the 2nd edition of SRILANKA PLAST – a Plastics Expo and the 1st Edition of RUBEXPO – a Rubber Expo on 14, 15 and 16 August 2014 at BMICH, Colombo. Below are the excerpts of an interview conducted with Enterprising Fairs India Ltd Managing Director B. Swaminathan in light of the exhibition.

Top Asia-Pac fishery man prepping Colombo for rare int’l confab

Wed, 13 Aug 2014 00:00:00 +0000

Sri Lanka will feature a rare international confab this November –and many top global fishery experts and exporters will gather together in one place for the first time in South Asia, as announced on 12 August. “First ever International Ornamental Fish Conference to be held in Sri Lanka is taking place this November with EDB’s support. We thank Malaysia based INFOFISH for affording this opportunity to Sri Lanka” said an upbeat Bandula Egodage (Chairman/CEO-EDB) on 12 August at EDB. Chairman Egodage was meeting Dr Abdul Basir Kunhimohammed (Director General- INFOFISH) on 12 August at EDB. Visiting INFOFISH DG Dr Kunhimohammed is currently in Colombo to hold preparatory meetings with Lankan stakeholders for the first ever INFOFISH Global Conference to be held in Sri Lanka titled “Sri Lankan International Ornamental Fish Conference” scheduled on 10-11 November at Kingsbury Hotel, Colombo.

Korean Push for First Ever Lanka Regional Apparel Training

Mon, 11 Aug 2014 00:00:00 +0000

As apparel revenues topped $2.4 Bn in ’14 1H, in a new development, Korea has extended its support to enhance industry capacity in North-and Sri Lanka’s crucial apparel industry training efforts have now expanded to regions for the first time. “We are receiving today’s apparel technical support thanks to Korea International Cooperation Agency (KOICA) and the Government of Korea. Thanks to KOICA, our apparel training efforts have entered the regions” said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka and Vanni MP on Sunday (04) in Mannar..

World’s first official true cinnamon pass now live

Mon, 11 Aug 2014 00:00:00 +0000

In its efforts to expand the global reach of its historic spice, Sri Lanka has begun equipping its exporters with international licensing as insisted by global market hotspots. As a result, the historic assemblage of Lankan exporter firms officially sanctioned to use the internationally accredited ‘Pure Ceylon Cinnamon Global Certification’ was born in Colombo last week. “During the last five years, Pure Ceylon Cinnamon exports have shown an increasing trend due to surging demand for it in global markets. The other good news is that the EDB has completed registration of this trade mark in the key markets of USA, EU, Peru and Colombia,” said Minister of Industry and Commerce Rishad Bathiudeen.

Trade talks for first TA with surging ‘Nam on the cards

Fri, 08 Aug 2014 00:00:00 +0000

As YoY bilateral trade jumped by a huge 88%, possibility of a first ever official trade agreement with one of the most discerning Asian suppliers to Sri Lanka has edged closer to reality on 07 August. “Our record exports today at $130 Bn was strongly supported by the seven FTAs that we entered into. An FTA with Sri Lanka can boost bilateral trade specially for Sri Lankan exporters. We should consider at least a Preferential Trade Agreement (PTA)” said an upbeat (HE) Ton Sinh Thanh (the outgoing Ambassador Plenipotentiary & Extraordinary of Viet Nam to Sri Lanka) on 07 June in Colombo. Ambassador Thanh was addressing Rishad Bathiudeen (Minister of industry and Commerce of Sri Lanka) on 07 August in Colombo during his farewell courtesy call on Minister Bathiudeen. Ambassador Thanh, who served a successful three year stint in Colombo is scheduled for New Delhi next. Joining Minister Bathiudeen on 07 August were RDS Kumararatne (DG-Department of Commerce) and Bandula Egodage (Chairman/CEO-EDB).

Geographical Indication for Ceylon cinnamon soon

Mon, 04 Aug 2014 00:00:00 +0000

In response to a longstanding cry by the spices and allied exporters, action is now underway to obtain the Geographical Indication (GI) for Ceylon cinnamon and other allied products of which the geographical origin and its possessed qualities will be identified with a unique sign in the international market place. Among other local authorities, the World Trade Organization (WTO), one of the protectors of GIs at international level has already agreed to assist Sri Lanka in providing technical support and a common front for commodities has expressed its willingness to fund the project. “The ministry and the National Intellectual Property office of Sri Lanka are directly involved with this operation with the Export Development Board (EDB) with the assistance of Spices and Allied Products Producers’ and Traders’ Association (SAPPTA),” said the Industry and Commerce Ministry Secretary Anura Siriwardena addressing SAPPTA’s 30th annual general meeting.

PRISL Enterprising Fairs CEO Forum for plastics and rubber industry ends on high note

Mon, 04 Aug 2014 00:00:00 +0000

PRISL (The Plastics & Rubber Institute of Sri Lanka) together with Enterprising Fairs India Ltd (EFIPL) organised a CEO Forum on at The Kingsbury Hotel on 1 August, to encourage the plastics and rubber industries to take ‘exports’ as a growth strategy. Experts from the Government, EDB and India addressed this elite forum. The event saw over a 100 business leaders local and international, from the plastics and rubber industries, and they were able to gain valuable insights on industry best practices, through case studies from India and the present and future plans of the export market for Sri Lanka. The eminent panel of speakers consisted of Export Development Board (EDB) Chairman and Chief Executive Bandula Egodage, Ministry of Finance and Planning Director General – Fiscal Policy Mahinda Siriwardane and Central Institute of Plastics and Engineering Technology (CIPET) Chief Manager S. Illangovan.

IT/BPM export projections at $850 mln for 2014 – report

Sun, 03 Aug 2014 00:00:00 +0000

Local IT and business process management (BPM) exports have grown “significantly” from US$213 million in 2007 to an estimated $720 million in 2013 and a projected $850 million in 2014; according to the recently issued “Sri Lankan IT-BPM Industry Review 2014″ report, which was commissioned by private sector body SLASSCOM, and prepared by PriceWaterhouseCoopers Sri Lanka. Further, the report also added that “(total) employment grew from 33,700 in 2007 to an estimated 75,100 employees in 2013, and the number of companies in the industry grew from 170 in 2007 to over 220 in 2013″. At the same time, the report also projects employment for 2014 as reaching 82,850.

Sri Lanka exports record highest first half earnings this year

Sat, 02 Aug 2014 00:00:00 +0000

Sri Lanka's exports sector has recorded the highest first half earnings witnessed in five years for the January - June half of 2014. Sri Lanka's January - June 2014 provisional exports has recorded the highest 1H earnings since 2010, registering US$ 5.41 billion. This is an increase of 45% from the 1H earnings of 2010 which stood at US$ 3.74 billion.

Kunming ’14 rakes in $4.6M for Lankan biz

Fri, 01 Aug 2014 00:00:00 +0000

Sri Lanka identifies key investment projects for Commonwealth Business Forum participants

Fri, 01 Aug 2014 00:00:00 +0000

Sri Lanka has identified several key areas for investment opportunities to offer to the attendants of the Commonwealth Business Forum (CBF) that will coincide with the Commonwealth Heads of Governments Meeting (CHOGM) scheduled to be held in Sri Lanka from 15th to 17th November, 2013. The Commonwealth Business Forum will be held from 12th to 14th November at the Hotel Cinnamon Grand in Colombo. The Forum, organized by the Commonwealth Business Council(CBC) in collaboration with the Sri Lankan government, is seen as a great opportunity for Sri Lanka to enlighten the world about the investment potentials in the island.

Indo-Lanka bilateral trade tops $ 4bn

Fri, 01 Aug 2014 00:00:00 +0000

With bilateral trade crossing $ 4 billion, a new chapter has opened in Indo-Lanka trade ties with the first ever Joint Task Force (JTF) coming into play. Strong signs of greater Indian market access for Lankan exporters and prompt resolution of trade barriers for them are the other developments in this new turn. “We are working to boost bilateral trade to $ 10 billion and as trade ties have improved greatly, the new understanding reached between both countries is a good sign for our bilateral trade future,” said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on June 25 in Colombo.

Lanka exports clinch hat trick win in first half

Wed, 30 Jul 2014 00:00:00 +0000

Sri Lanka’s exports sector has clinched a triple win for 2014 1st half (January-June) –a first time event. “Latest reports are good news for our $20B goal therefore we should commend our committed exporters for this achievement” said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka onMonday (28) in Colombo. Minister Bathiudeen was responding to Bandula Egodage, Chairman/CE-EDB who briefed him of the latest provisional export revenues.

Japan positive on FTA, wants economic regime strengthened

Wed, 30 Jul 2014 00:00:00 +0000

As Sri Lanka-Japan bilateral trade jumped $890 Mn and edged to $ 900 Mn mark, a keen Japan signalled towards a Lanka-Japan FTA for the first time-albeit with a qualifier. “In terms of country risk and future potential, I believe Sri Lanka is quite promising. We consider that FTA and EPAs as very useful means to promote trade. Mere conclusion of FTAs alone is not sufficient for better trade however. What is important is to develop a very robust foundation here” said a confident Kazuyoshi Akaba, the visiting Japanese Senior Vice Minister of Economy, Trade & Industry (METI) on 28 July in Colombo. Japanese Minister Akaba was responding to Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 28 July during his bilateral session with the Sri Lankan team led by Minister Bathiudeen at Ministry of Industry and Commerce, Colombo 3.

“Sri Lanka will be in the next five emerging countries”: French Ambassador

Wed, 23 Jul 2014 00:00:00 +0000

A session on ‘Bilateral Trade between Sri Lanka and France’ organised by the National Chamber of Commerce was held with the participation of Ambassador of France Jean Paul Monchau, as a Special Guest Speaker and assisted by Commercial Counsellor of the Trade Section of the Embassy Jean Louis POLI, at the Chamber, last week. Additionally Government senior officials- Director General Commerce, Director General, Export Development Board and Board of Investment graced the occasion.

Sri Lanka Plast and Rubexpo launch in August

Mon, 21 Jul 2014 00:00:00 +0000

Enterprising Fairs India Limited, a B2B exhibition company from India, has collaborated with the Plastics and Rubber Institute of Sri Lanka (PRISL), to conduct their second edition of Sri Lanka Plast – a Plastics Expo and the first edition of Rubexpo – a Rubber Expo on 14, 15 and 16 August 2014 at BMICH, Colombo. The Ministry of Industry and Commerce (MOIC), Export Development Board (EDB), Industrial Development Board (IDB), Rubber Research Institute of Sri Lanka (RRISL) and Central Institute of Plastics and Engineering Technology, a government body of India (CIPET) have also extended their support to these B2B exhibitions.

Lankan boats get international exposure

Sun, 20 Jul 2014 00:00:00 +0000

Sri Lanka's boatbuilding capability for international markets will be further showcased when the Boat Show and Fisheries Exhibition 2014 will be held at the Dickowita Fisheries Harbour from 10-12 October. Also coinciding with this event will be the International Council of Marine Industry Associations (ICOMIA) regional parley, which will be held at the Pegasus Reef Hotel, also from 10-12 October. Both events will be hosted by the Sri Lanka Export Development Board (SLEDB) in collaboration with the Boat Building Technology Improvement Institute (BTI) and the Building A Future (BAF) Foundation.

Boat Show 2014 to attract major buyers to Dickowita

Wed, 16 Jul 2014 00:00:00 +0000

South Asia’s premier boat show and fisheries exhibition, ‘Boat Show 2014’ organized by Boat Building Technology Improvement Institute (BTI), Sri Lanka Export Development Board and Lanka Exhibition and Conference Services will take centre stage from October10 to12 at the Dickowita Fishery Harbour. The theme of the event is ‘Promotion of Leisure Boating in Sri Lanka’. The main objective of the event is to attract buyers from all corners of the globe, while positioning Sri Lanka as the hub for the industry in South Asia and to develop a forum between buyers and sellers to facilitate industry growth. The main feature of this year’s event will be the meeting of the International Marina Group of the ICOMIA, concentrating on the promotion of marina development and the development of leisure boating tourism.

‘France’s economic power to weld with Sri Lanka’s rapid growth’

Tue, 15 Jul 2014 00:00:00 +0000

‘Preparations for CHOGM. Colombo was a busy hive of activity. We were wondering if infrastructure for that event could be completed. It was done. No problem. It was a substantial undertaking of deft organization; of things falling into place. Of every little detail being observed and the main event worked off with clinical attention to detail, said Ambassador of France to Sri Lanka Jean-Paul Monchau recently, talking to the business community and the press at the National Chamber of Commerce auditorium.

EDB enters WTO global benchmark

Mon, 14 Jul 2014 00:00:00 +0000

For the first time, the Export Development Board has entered WTO, UNCTAD, ITCs benchmark of global export agencies and finished among the top ten. EDB has come to the sixth spot among 30 national trade promotion organisations across the world, benchmarked by the International Trade Centre under WTO and UNCTAD. EDB's score in 2012 study is above average and the next level to move is 80% "High level TPO Performance" category and then, finally to 100% -what we call "world class". "EDB has done quite well in International Trade Centre's 2012 Lanka EDB benchmarking test. EDB has come to sixth spot among 30 national trade promotion organisations across the world, benchmarked by us-the International Trade Centre under WTO and UNCTAD" said Geneva based Martin Labbe (Senior Officer, Trade Support Institutions Strengthening, International Trade Centre, Switzerland) in Colombo addressing the inaugural session of the four day "Performance Improvement Roadmap for Sri Lanka's EDB by ITC" at the EDB Auditorium, Colombo.

Cinnamon could fight Parkinson’s

Sun, 13 Jul 2014 00:00:00 +0000

Cinnamon could be a secret weapon in the battle against Parkinson’s disease. Scientists have found that the spice is the source of a chemical that can protect the brain. Our liver converts cinnamon into sodium benzoate, an approved drug used in the treatment for neural disorders. In a study of mice at Rush University Medical Centre in Chicago, a team of researchers found that the chemical then enters the brain, stops the loss of proteins that help protect cells, protects neurons and improves motor functions.

Rapid growth in IT/BPM revenue

Sun, 13 Jul 2014 00:00:00 +0000

SLASSCOM says untapped potential lies outside Fortune 500 firms Sri Lanka has witnessed a brisk growth in export revenue in the field of Information Technology and Business Process Management (IT/BPM) with revenue for 2013 estimated to have increased to US$ 720 million from US$ 605 million in 2012 and projected to rise to US $850 million by end this year. According to a recent industry report by the Sri Lanka Association of Software and Service Companies (SLASSCOM), the primary IT/BPO business association in Sri Lanka, the industry has shown an impressive revenue growth trend of about 238% since year 2007 whilst total employment grew from 33,700 in 2007 to an estimated 75,100 employees in 2013, and the number of companies in the industry grew from 170 in 2007 to over 220 in 2013.

UAE lifts ban on Sri Lanka's export of chicken, eggs

Fri, 11 Jul 2014 00:00:00 +0000

The UAE government announced the lifting of the ban on Sri Lanka's export of chicken and eggs to the UAE market with immediate effect. UAE had previously imposed a blanket ban on Asian countries including Sri Lanka, covering the export of chicken meat and eggs due to Notifiable Avian Influenza (NAI). Sri Lanka made a presentation to the Animal and Agricultural Affairs of the UAE Water and Environment Ministry to lift the ban as Sri Lanka is now free of Avian Influenza. Industry and Commerce Ministry Commerce Department officials took up the matter through the Sri Lanka Consulate General in Dubai and submitted the documents with the support of the Department of Animal Production and Health, Peradeniya and the Industry stakeholders to UAE authorities to prove that Sri Lanka is now free of Avian Influenza.

Colombo hosts historic Lanka-Belarus trade talks

Fri, 11 Jul 2014 00:00:00 +0000

The first-ever Sri Lanka-Belarus official trade talks commenced in Colombo yesterday amidst avowed assertions from both sides towards forging sustainable trade links while making inroads to the huge ‘New Asian’ and upcoming Eurasian Union markets. The first Colombo talks have now paved the way for a prospective future visit of the President of Belarus to Sri Lanka. “I am pleased to note that Belarus is Sri Lanka’s first gateway to the promising EEU new single market. Our Free Trade Agreements with Pakistan and India have opened gateways to a South Asian market of 1.2 billion. Equally important is Sri Lanka’s forthcoming FTA with China. Therefore, we invite you to partner with Sri Lanka and take advantage of the new Asian opportunity,” said Minister of Industry and Commerce Rishad Bathiudeen on 9 July in Colombo.

First ever Lanka-Belarus bilateral trade meeting begins today

Wed, 09 Jul 2014 00:00:00 +0000

First ever bilateral trade meet between Sri Lanka and a key member of upcoming Eurasian Economic Union (EEU) starts tomorrow 09 July in Colombo. “Our newest trade effort with Balarus strengthens the historic relations and more importantly, gives us direct access to the world’s newest single economic market” said Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) onTuesday (08). Minister Bathiudeen was in discussions with his officials on the first ever Sri Lanka-Belarus Joint Commission on Trade and Economic Cooperation to be held in Colombo on 9-10 July with the participation of Valentin B. Rybakov, Deputy Minister of Foreign Affairs, Belarus. Deputy Minister Rybakov arrived in Sri Lanka Tuesday (08) leading a 20 member strong official delegation of the Government of Belarus, for this historic trade meeting.

Sri Lanka biz forum in Israel a success

Mon, 07 Jul 2014 00:00:00 +0000

A successful business forum from Sri Lanka consisting of 40 business leaders led by Deputy Minister of External Affairs, Sri Lanka Neomal Perera, who himself is a business leader completed a successful forum interacting with business leaders, L.R. Group, Sri Lanka-Asia Chamber of Commerce and the community on various aspects including tourism, hi-tech, water, energy, medical, apparel, employment, agriculture, greenhouse cultivation, dairy, fish, flowers, diamonds, gems, jewellery, rubber, education and other topics suggested by prospective delegates.

Sri Lanka takes first step aiming $20B Export target by 2020

Mon, 07 Jul 2014 00:00:00 +0000

Sri Lanka in a bid to achieve its $ 20 B export target by 2020, handed over on July 01, the task of producing an initial way forward blueprint by August to an international consultancy firm. “Today we are launching the first step of EDB’s Strategic Plan creation which aims to achieve $ 20 Bn by 2020. Hilmy’s enormous experience and expertise will definitely enhance the total process of EDB in a positive way” said Bandula Egodage (Chairman/CEO, EDB) addressing the session on July 01.. He further said, " We also thank VEGA USAID for the contribution towards this initiative. We all know that our national target is $ 20 Bn by 2020 but there is a big mismatch-our current export strategic plan ends in 2015 and there is a strategy gap from 2015-2020; We are launching today’s initiative to bridge this gap and draw the plan till 2020 to complete this in a professional and a focused way.”

Hashemite Kingdom renews trade, wants to re-activate JC right away

Wed, 02 Jul 2014 00:00:00 +0000

The Hashemite Kingdom wants to renew its trade with Sri Lanka-with no less than a Joint Commission meet at its end. “Let us now get really practical. It is time to activate 2007 Agreement and start vigorous bilateral trade. We are open to all suggestions from Sri Lanka” said a keen Ambassador Hassan Al Jawarneh (Delhi based Ambassador of Hashemite Kingdom of Jordan to Sri Lanka) on 01 July in Colombo.

‘Lanka handlooms special’-Int’l Design Expert

Tue, 01 Jul 2014 00:00:00 +0000

Just as the US demand for Lankan handlooms surged, an international design expert called on 30 June the country to further strengthen its design and promotion capacities-and Sri Lanka’s handloom designs continue to have a special identity. “Sri Lanka has been known for its handloom textiles. Sri Lanka, rather than moving into fast fashion handloom cycles, can elevate its special handlooms brand by building competence and international promotion efforts” said Jennifer Shellard (Visiting Lecturer, Woven Textile Department of London’s University of Creative Arts) on 30 June in Colombo.

UK expert to inaugurate handloom design program

Mon, 30 Jun 2014 00:00:00 +0000

A programme on ‘Design Development for Sri Lanka’s Handlooms’ will take place at the Export Development Board auditorium today, June 30 at 9.30am. It will be inaugurated by International Design Expert Ms Jennifer Shellard of the United Kingdom. Sri Lanka's handloom textile industry is centuries old, the 6th century BC according to Mahavansa, when Prince Vijaya from India landed at Manthota (Mannar) in Sri Lanka. History records that when he found Kuveni, whom he eventually married, she was spinning yarn. And that tradition continues to the present era as weaving handloom textiles.

EDB Starts Work On Latest Global Market Fair Trade Call

Wed, 25 Jun 2014 00:00:00 +0000

As Fairtrade becomes the latest sales driver in international markets, Sri Lanka has stepped up its efforts to meet the new standard. A promising Lankan export niche has become the successful testing ground for Sri Lanka’s entry into global Fairtrade certification regime – and the EDB, which leads the initiative, has received encouraging feedback from many – including a global consultant on Fairtrade. “I am impressed of Sri Lanka’s craft makers and exporters. Their products are of high quality,” said a satisfied Paul Myers, the visiting USAID/VEGA Fairtrade Expert on 19 June at EDB, Colombo.

AWARENESS SEMINAR/WORKSHOP ON FRUITS & VEGETABLES FOR THE EXPORT MARKET-NCP

Wed, 25 Jun 2014 00:00:00 +0000

The North Western Provincial office of the Sri Lanka Export Development Board, successfully conducted the awareness seminar/workshop on fruits & vegetables for the export market on 24th March 2014 in Anuradhapura with the participation of 115 fruits & vegetable farmers in North Central Province. The programme was organized by NWP-EDB with the assistance of Department of Agriculture, National Plant Quarantine Service and Lanka Fruits & Vegetable Producers, Processors & Exporters Association. The main objective of conducting this seminar was to increase the capacity of Fruits & Vegetable farmers in the North Central Province by way of enhancing Technical/Market awareness and facilitating linkages between farmers and exporters in order to develop consolidated supply base of quality fruits & vegetables for exports from Regions.

Sri Lanka Shines at 2nd China-South Asia Expo in Kunming

Tue, 24 Jun 2014 00:00:00 +0000

The Sri Lanka Export Development Board (SLEDB) in collaboration with the Embassy of Sri Lanka in Beijing organised the Sri Lanka Pavilion at the 2nd China-South Asia Expo in Kunming, China from 6 to 10 June with the participation of 135 Sri Lankan companies, displaying and promoting Sri Lankan product sectors such as gems and jewellery, tea, batik, handicraft, coir products, Ayurvedic products and giftware. Minister of Industry and Commerce Rishad Bathiudeen ceremonially opened the Sri Lanka Pavilion at the expo and delivered the keynote address at the 9th China-South Asia Business Forum held on the sidelines of the 2nd China-South Asia Expo.

Dutch Push For Lanka’s Hi-tech Exports

Mon, 23 Jun 2014 00:00:00 +0000

Sri Lanka is leveraging ICT exports to achieve its $20 B goal of 2020. And a new support initiative by the Netherlands is set to elevate Lankan software exporters to latest tech developments. “The government is highly focused on ICT sector as a forex earner and export driver. We cannot ignore ICT if we are to achieve any progress” said Bandula Egodage (Chairman/CEO of EDB) on 19 June in Colombo. Chairman Egodage was addressing the two day-hands on interactive session “Website Enhancement and Online Marketing ITO/BPO” organised by the EDB for Sri Lankan software manufacturing and export firms. The first ever such hands-on initiative moved by EDB was facilitated by Netherlands’ CBI (Centre for the Promotion of Imports from developing countries)-an agency of the Ministry of Foreign Affairs of the Netherlands. Joost vander Kooij and Onno Roukens, the two CBI professional consultants who specially arrived from the Netherlands to train the companies in the session helped the more than 25 Lankan participants of the session on a one-to-one basis. Among the ICT giants taking part were John Keells Computer Services, hSenid Business Solutions, 99X Technologies, Cyber Concepts, SewEasy, E-Nowave, InfoMate, Calcey Technologies, Pyxle, Allion Technologies, Dinota Information Technologies, Sanje, i-Context Content Convergence, Four Corners, Akio Information Technologies, Data Management Systems, Lanka Communication Services, E Marketing Eye, and Perfect Business Solution Services.

Export Earnings Increase in April, Rupee Stable

Mon, 23 Jun 2014 00:00:00 +0000

Sri Lanka’s external sector strengthened further in April 2014, with continued foreign currency inflows in the form of earnings from exports, tourism, workers’ remittances, as well as inflows to the financial account, the Central Bank said on Friday. The trade deficit continued to narrow during the first four months of 2014 as a result of healthy growth in exports. The contraction of the trade deficit and higher inflows to services and income accounts contributed to reducing the current account deficit. These developments, together with inflows to the financial account have resulted in a higher surplus in the BOP by end April 2014, compared to the corresponding period of 2013,the Bank said.

Sri Lanka's Fish Export Up By 20% in 2014 1Q

Thu, 19 Jun 2014 00:00:00 +0000

Fish and fishery product sector plays an important role in Sri Lanka’s Social and economic life. The Sector contributes about 2.7% to country’s GDP.End of the civil unrest detained three decades in the country, fisheries sector has a significant scope to increase the level of contribution through exploiting high seas for tuna fishing & value addition. Sri Lanka’s main fishery export products include tuna, fresh chilled and frozen form, shrimps & prawns, crabs and lobsters.Other than the above shark fins, fish maws, beche-de-mer, cuttle fish & squid, sprats are also exports mostly to the Asian markets. United Kingdom is the main market for Sri Lankan tuna followed by France, Italy, Netherlands, Germany etc.

SL Apparel Industry in a Global Context and Future Fortunes

Tue, 17 Jun 2014 00:00:00 +0000

The Sri Lankan apparel trade today is well renowned around the world to be the most cutting-edge and innovative when it comes to apparel manufacturing. With a very long history of manufacturing in the island and throughout the challenges which this industry has faced to this day, the garment manufacturing stands much stronger than it has been ever before where the exports from this industry within a year increased by 11 percent (which was the biggest increase annually in 2013 compared with initial years) and by end November 2013 the exports earnings from this industry in Sri Lanka stood at US $2.876 billion, which is a substantial amount of foreign exchange bought into the country by a single industry.

EDB PAVILION AT FACETS SRI LANKA 2014

Tue, 03 Jun 2014 00:00:00 +0000

An ideal opportunity for SMEs The Sri Lanka Export Development Board (EDB) will be organizing a special pavilion at FACETS SRI LANKA – International Gem & Jewellery Show 2014 to be held at the Sirimavo Bandaranaike Memorial Exhibition Center from 04th to 07th September 2014. Objective The objective of organizing this special pavilion is to give an opportunity for the SME Gem & Jewellery manufacturers to showcase their products and make use of the event as a platform for them to enter into the international market.

Rise in coconut product exports

Tue, 03 Jun 2014 00:00:00 +0000

Sri Lanka’s coconut related exports increased by 86 percent during the first quarter of this year compared to 2011, Coconut Development and Janatha Estate Development Ministry sources said yesterday. The Coconut Development and Janatha Estate Development Ministry was established in 2011 as a new Cabinet ministry. According to ministry statistics, during the first quarter of this year, Sri Lanka earned over Rs. 5,090 million from coconut related products, an 88 percent increase from the same period in 2011. In the first quarter of 2011 it was Rs. 2,115 million. It increased annually and the total coconut related products export revenue in 2013 stood at Rs. 44,952 million. Sri Lanka exports 35 coconut related products to 135 countries.

Pakistan likely to expand FTA trade with Sri Lanka

Mon, 02 Jun 2014 00:00:00 +0000

Pakistan, Sri Lanka’s second largest trade partner in the region, has indicated interest in expanding its free trade agreement (FTA) trade with the island, creating growth in bilateral trade, which already exceeds the US $ 460 million mark, according to Sri Lanka’s trade ministry. In a statement the ministry said that Pakistan’s High Commissioner Qasim Qureshi had indicated that his country looks forward to expand FTA trade by reducing sensitive items, thereby creating more opportunities for Lankan exporters.

Lanka rides $60Bn global FOSS wave to help exporters, aiming cost advantage

Sat, 31 May 2014 00:00:00 +0000

Sri Lanka has a favourable ‘per container cost to export’ rate of only $ 595. After reporting $1.07 Bn record exports in March, the country is now mulling a new high tech initiative to help exporters to lower this rate for added competitive advantage-while eager Lankan exporters are already testing to avail themselves to a portion of $60Bn global savings from Free and Open Source Software (FOSS).

‘Even our SMEs suffered in global recession’-Rishad

Mon, 26 May 2014 00:00:00 +0000

SMEs claim 70% of Sri Lankan enterprises and 23% of national employment. Our banking sector still looks the other way when it comes to our SMEs as they are worried about recovering credit from SMEs. This is despite our Central Bank’s efforts to keep lending rates at low levels. I urge our banking sector to link with Sri Lanka’s SMEs much closer and become a direct stakeholder in our national development. Do not avoid this risk. It is in such risks that great rewards and profits are found said Minister Bathiudeen and added: “In this background, I highly commend, the recent announcement by International Finance Corporation (IFC) office in Colombo to assist our SMEs with their valuable funding of $ 125 million. Minister Bathiudeen was addressing the inauguration event of SMIDEX held recently by the Industrial Development Board under Ministry of Traditional Industries & Small Enterprises at BMICH, Colombo. According to the IDB, SMIDEX has been introduced by the IDB to mark its 45th year anniversary. SMIDEX is yet another national event showcasing the SMEs with special attention to technology, machinery, raw materials, business development and other services.

Lankan delegation to explore new opportunities in post-revolution Tunisia at TIF 2014

Sat, 24 May 2014 00:00:00 +0000

Hon. Rishad Bathiudeen, Minister of Industry and Commerce will attend the Tunisia Investment Forum (TIF) 2014 along with a Sri Lankan business delegation on June 12 and 13 at El Mouradi Gammarth Hotel, Tunis. The forum takes place just six months after Tunisia’s adoption of a new constitution. Under the theme, ‘New Tunisia: New Democracy, New Opportunities,’ TIF 2014 will showcase the impact of democratic progress on the country’s economic and social environment. The forum is expected to present a more transparent and conducive investment destination to the international business community, highlighting investment prospects and growth generating projects, a news release issued in connection with the forum said.

First Lanka-Belarus JEC, biz delegations in July amidst renewed trade

Fri, 23 May 2014 00:00:00 +0000

As Sri Lanka’s trade with the virgin Eurasian market Belarus clocked $ 14 Mn, the gateway to the 170 Mn strong custom union wants to renew trade and business immediately -as early as in July. “With your assistance, we want to prepare fruitful projects with Sri Lanka. We propose a Joint Economic Commission with Sri Lanka as early as July 2014 to be held in Colombo, if possible. We also can formulate the first Belarus Business delegation to Colombo during this event as per your interest” said a keen Vitaly Prima (the New Delhi based Ambassador of Belarus to Sri Lanka) on 22 May in Colombo.

Japanese smiling on Lanka Ayurveda

Mon, 19 May 2014 00:00:00 +0000

Sri Lanka’s Ayurveda healthcare is garnering the attention of high end tourist market. “Lately, the Japanese travel sector has shown stronger interest in Sri Lanka’s Ayurveda tourism. Last week a Japanese Member of Parliament touring Sri Lanka also has expressed of Japan’s interest in Sri Lanka’s Ayurvedic care for Japanese medical tourists” revealed an upbeat Rishad Bathiudeen (Minister of Industry and Commerce) on 16 May.

Algeria interested to buy Sri Lankan tea, fruits and vegetable juices

Wed, 14 May 2014 00:00:00 +0000

Algeria is inviting Sri Lankan businesses to export tea, fruit and vegetable juices and many other products to that country, the Ceylon Chamber of Commerce announced. This invitation was made by Echarif Mohammed-Hacene, Ambassador for Algeria in Sri Lanka and India, when he visited the Ceylon Chamber of Commerce, accompanied by Consul General for Algeria in Sri Lanka, Mukthar Marikkar. He held a meeting with CEO/Secretary General of the Ceylon Chamber of Commerce Harin Malwatte, while Lilakshi De Mel, Senior Assistant Secretary General of the Chamber, was also present. During the meeting, the ambassador said, Sri Lanka can exports items such as, tea, fruits and vegetable juices, textiles, garments specially semi-finished traditional garments for women and spices. Ambassador Echarif says, the Algerian consumers prefer to drink blended tea with mint and sugar and also would like to purchase tea in consumer bags.

Apparel exports up by 20% to $ 1,257 m

Mon, 12 May 2014 00:00:00 +0000

Sri Lanka's first quarter exports registered a positive growth of 16%, while monthly exports for March jumped by as much as 27%. "This is encouraging for our efforts towards $ 20 bn export goal by 2020 as envisioned by President Mahinda Rajapaksa," said Rishad Bathiudeen, Minister of Industry and Commerce on May 9 in Colombo. Accordingly, this year's first quarter provisional exports totalled $ 2.80 bn while the comparative 2013 first quarter total exports stood at $ 2.36 bn, showing a 15.7% Q-on-Q growth.

SL to place its export products on top e-commerce portal

Sun, 11 May 2014 00:00:00 +0000

As Lanka's exports to Japan topped $ 223 Mn mark, Sri Lanka is mulling a strategic, fast-track entry to one of the most coveted online markets in the world-Japan. "Japan is the second biggest retail market in the world. Japanese are also heavy internet users with a large e-commerce base. Using a top Japanese online giant like Rakuten could give Lankan exporters a wide-coverage and a low cost entry to this promising market" said Sujatha Weerakoone (DG-EDB) on 02 May at EDB premises. DG Weerakoone was addressing the EDB organized event "Japan's Rakuten Platform for Sri Lankan Products" held for Lankan exporters on 02 May at EDB. The session consisted of a special in-depth presentation by Japan's Kanagawa based Takashi Yoshino (Principal, Y and F Associates LLC) who, in a his presentation, shoed in-depth of the pros and cons, and how to create an online strategy for Lankan exporters to Japan. Eager representatives from more than 40 Lankan export firms were present at the session.

Sri Lanka at annual European Seafood exposition in Belgium

Sun, 11 May 2014 00:00:00 +0000

Sri Lanka Export Development Board in collaboration with the Sri Lanka Embassy in Belgium organized the Sri Lanka’s participation at 22nd Annual European Seafood Exposition held in Belgium from May 6-8. Over 1,690 exhibiting companies attracted more than 25,800 buyers and suppliers for the event. This year’s exposition marks the 22nd edition of Seafood Expo Global, and the 16th edition of Seafood Processing Global. The exposition is considered a unique opportunity for the global seafood industry to come together and make valuable business connections.

Lanka closely monitoring EU's trade policy - Rishad

Thu, 08 May 2014 00:00:00 +0000

As trade between Sri Lanka and its top global partner EU edged to $ 5 Bn mark, Sri Lanka for the first time revealed its levels of attention to the EU trade dynamics on 07 May. And Europe has commended Sri Lanka's exports value addition efforts as "remarkable." “Sri Lanka closely monitors the developments in the EU trade policy as it could have significant impact on Sri Lanka’s exports, both directly and indirectly. For example, the recent cross cumulation facility provided for SAARC and ASEAN Regional Groups, would help Sri Lanka to source inputs of ASEAN countries, and be eligible for GSP concessions” said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on 07 May.

Sri Lanka's textile & garment exports grow 6.6% in Feb'14

Tue, 06 May 2014 00:00:00 +0000

Sri Lanka’s earnings from exports of textiles and garments grew by 6.6 percent to US$ 396.2 million in February 2014, compared to earnings of $371.6 million recorded in same month last year, according to a press release on ‘External Sector Performance – February 2014’ issued by the Economics Research Department of the Central Bank of Sri Lanka. The statement reflected two key trends in Sri Lanka’s textile and garment trade—an increase in apparel exports to non-traditional markets and a higher local value addition in the clothing industry.

Africa’s Switzerland hunting for Sri Lanka trade for the first time

Tue, 06 May 2014 00:00:00 +0000

The only country in the world to be entirely surrounded by another country and also called as Africa’s Switzerland, signaled on 25 April for the first time that it is now ready to initiate multi-faceted bilateral ties with Sri Lanka. “We can begin our bilateral trade with Ceylon Tea exports to Lesotho. Then we can proceed to agriculture cooperation” said an upbeat Bothata Tsikoane, the New Delhi based High Commissioner of Lesotho for Sri Lanka on 25 April in Colombo. Bothata Tsikoane was addressing Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 25 April at EDB in Colombo during his first courtesy call made on Minister Bathiudeen.

Sri Lanka: Trade deficit narrows, export earnings rise

Mon, 05 May 2014 00:00:00 +0000

The external sector further strengthened in February 2014 with the trade deficit continuing to narrow as a result of an increase in earnings from exports and a decline in expenditure on imports. Inflows on account of workers' remittances and earnings from tourism recorded an increase during the month contributing to the substantial reduction in the current account deficit. These developments together with continued inflows to the financial account resulted in a surplus in the Balance of Payments (BOP) upto February 2014, the Central Bank said yesterday.

Lesotho to begin economic ties with tea, rice imports

Mon, 05 May 2014 00:00:00 +0000

The only country in the world to be surrounded by another country and also described as Africa’s Switzerland, is now to initiate multi-faceted bilateral ties with Sri Lanka. “We can begin our bilateral trade with Ceylon Tea exports to Lesotho. Then we can proceed to agriculture cooperation” said an upbeat Bothata Tsikoane, the New Delhi based High Commissioner of Lesotho for Sri Lanka. The Lesotho envoy made these observations while meeting Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on 25 April at the Export Development Board offices in Colombo during his first courtesy call made on Minister Bathiudeen.

Sri Lanka exports up 5.4-pct in February, imports fall

Mon, 05 May 2014 00:00:00 +0000

Sri Lanka's exports rose 5.4 percent in February 2014 from a year earlier, with apparel exports up 6.6 percent, while imports fell amid weak credit growth, official data showed. In the first two months of the year exports were up 13.9 percent to 1,739 million US dollars, the Central Bank said. Agricultural exports rose 15.3 percent to 201.2 million US dollars with tea up 11.7 percent to 115.6 million US dollars.

Fadna Cinnamon Tea gets certification of Pure Ceylon Cinnamon

Mon, 05 May 2014 00:00:00 +0000

The Fadna Cinnamon Tea, produced and distributed by Food and Nature Company was recently awarded the Pure Ceylon Cinnamon Quality certificate by Sri Lanka Export Development Board. This certification which is awarded only for highest quality export products is granted on the recommendation of a committee of experts appoined by the SLEDB. Here Minister of Industries and Commerce Rishard Bathiudeen awards the certificate to the Marketing Manager of the Food and Nature Company, Udara Mangala at a ceremony at the SLEDB

Sri Lanka, Bahrain launch business forum

Wed, 30 Apr 2014 00:00:00 +0000

Sri Lanka and Bahrain Tuesday inaugurated the Bahrain-Sri Lanka Business Forum at the headquarters of the Bahrain Chamber of Commerce and Industry (BCCI) in Manama. A large gathering of prominent business leaders from both Sri Lanka and Bahrain participated in the Forum that consisted of business-to-business meetings and a visit to the Bahrain International Investment Park.

Legitimacy 'ensuring Bahrain's success'

Wed, 30 Apr 2014 00:00:00 +0000

Legitimacy is the single all-encompassing characteristic that makes Bahrain business-friendly, Industry and Commerce Minister Dr Hassan Fakhro said yesterday. Speaking at the opening of the Bahrain-Sri Lanka Business Forum at Beit Al Tijjar, Dr Fakhro said legitimacy meant that Bahrain embraced the rule of law, and authorities strived to be the best at what they do, whether it be in terms of laws and regulations, domestic and international policies, or simply in the way that individuals were respected irrespective of ethnicity and the principles of a truly secular state were upheld. "It is this legitimacy that has underpinned Bahrain's rise as an important financial centre, and helped in avoiding the contagion felt across the globe during the financial crisis," he said.

Sri Lanka’s Basilur Tea wins top North American food award

Mon, 28 Apr 2014 00:00:00 +0000

In the wake of record exports in 2013, Pure Ceylon Tea has reported yet another achievement, with Basilur Tea Canada, allied to its Lankan firm Basilur Tea, clinching the main award at North America’s top food and beverages trade show this year. “Basilur’s herbal tea product ‘Fruit Infusions’ received the highest award – the 2014 Top-10 Product Award – at the SIAL Canada expo. This is considered by many food industry specialists as a very rare achievement since Basilur has reached the Top-10 twice within three years,” said Basilur Tea Canada Director Rohan Perera on Thursday.

PUM Netherlands Senior Experts

Sun, 27 Apr 2014 00:00:00 +0000

The dutch contribution to social market economy in Sri Lanka The PUM Netherlands Senior Experts (formerly known as NMCP) has completed over 400 projects assisting industries and service organizations in Sri Lanka. PUM commenced its activities in Sri Lanka in 1990. We are proud to be serving the local industry for over 24 years providing them with much needed new technology.

Design development programme for Handloom Industry

Mon, 21 Apr 2014 00:00:00 +0000

The Sri Lanka Export Development Board is making arrangements to organize a Design Development Programme for the Handloom Industry of Sri Lanka, obtaining the service of an International Design Expert The objective is to enhance the design capabilities of a selected group of handloom manufactures and for exporters to upgrade their design capabilities and develop their products targeting the International Market. The programme is scheduled to be held during June 30 to July 17, 2014 at the SLEDB Auditorium.

Sri Lanka to double income from ornamental fish exports by 2016

Thu, 10 Apr 2014 00:00:00 +0000

Sri Lanka has earned over Rs 1.2 billion last year from exporting ornamental fish and measures will be taken to double this income by 2016, the Fisheries and Aquatic Resources Development Ministry says. Sri Lanka's ornamental fish production had produced over 46,000 metric tons in 2009 and this amount has increased to nearly 70,000 metric tons last year, placing Sri Lanka in the third place in exporting ornamental fishes, according to the Ministry.

Exporters praise cinnamon licensing, see good times ahead

Wed, 09 Apr 2014 00:00:00 +0000

Just a day after unveiling cinnamon logo licenses, Sri Lanka’s exporters heaped praise on the Government and the Export Development Board for the latest national initiative towards their sector on 8 April. “We are proud to have won this Pure Ceylon Cinnamon logo. To the global markets, this symbol shows where true cinnamon originates from. The EDB has really come out with it!” said an upbeat Priyadarshani Halpe, General Manager, G.P. de Silva & Sons International Ltd. Halpe, one among many exporters who expressed similar sentiments, was speaking about the ‘Inaugural issuance of Pure Ceylon Cinnamon brand licenses to Lankan exporters’ event held at EDB Auditorium, Colombo on 7 April.

With first official Ceylon Cinnamon batch active, Lanka positions for $ 1b spice exports

Tue, 08 Apr 2014 00:00:00 +0000

As Sri Lanka’s first batch of exporters successfully captured their licences to officially flavour the world with Sri Lanka’s second global brand yesterday, the country recommitted to $ 1 billion in spice and cinnamon exports by 2020. “Today, nine Sri Lankan cinnamon export firms are empowered by this initiative. Together, these nine firms claim more than 25% of our annual cinnamon export values. We are aiming at $ 1 billion in spice and cinnamon exports by 2020,” said Minister of Industry and Commerce Rishad Bathiudeen yesterday, addressing the ‘Inaugural issuance of Pure Ceylon Cinnamon brand licenses to Lankan exporters event’ at the EDB Auditorium. In yet another important industry support initiative in the tradition of Export Development Board for Lankan exporters, for the first time, nine Sri Lankan cinnamon export firms qualifying to export cinnamon using ‘Pure Ceylon Cinnamon brand license’ were awarded license certificates by Bathiudeen at the event. The qualifying exporters in the first batch were A Baur & Co Ltd., Casa Canela Ltd., Dtriangle Ltd, Food & Nature Ltd., G.P. De Silva & Sons International Ltd., Intercom Ltd., International Commodity Traders Ltd., Mohksha Ltd. and Rathna Producers Cinnamon Exports Ltd.

Bilateral trade with Germany hinges on three basics – quality, consistency and volumes

Sat, 05 Apr 2014 00:00:00 +0000

German Ambassador Dr. Jurgen Morhard said that bilateral trade with Germany could be expanded. Although trade with Sri Lanka could be pursued to reach higher levels, it is imperative that exports should be of high quality. Germany, he said was constantly looking for quality with their trade partners and goods and services that form bi-lateral trade segments would have to achieve such production levels. He was addressing last week’s conference convened by the National Chamber of Commerce of Sri Lanka (NCCSL) to promote bi-lateral trade with Germany. Chairman and Chief Executive, Export Development Board, Bandula Egodage said Germany was one of Sri Lanka’s main trade partners, but he conceded that the bilateral segment of such trade was currently that Germany was assisting Sri Lanka in training and improving technological support.

Kithulaka Waruna exhibition and trade fair

Sat, 05 Apr 2014 00:00:00 +0000

‘Kithulaka Waruna’ an exhibition and trade fair got off the ground yesterday at Sudharshi Hall Colombo 7. The exhibition showcases a range of Kithul products from the 18 districts where Kithul is cultivated. The fair is organised by the Ministry of Traditional Industries and Small Enterprise Development, IDB, ITI, NERD, SMS, Forest Department, Export Agriculture Board and PDB. The exhibition will go on till 6 April

EDB initiates first Internet of Things session

Fri, 04 Apr 2014 00:00:00 +0000

As the consumer end of digital convergence in the country continued to develop, Sri Lanka has officially begun assessing the promise of the "next big thing" in digital frontier-and Sri Lanka's first Advanced Electronics Design Centre is now on the cards. "This is the first ever initiative for Sri Lanka's ICT sector on the emerging "Internet of Things". There is no doubt that this advanced and novel concept will be useful for everyone" said Sujatha Weerakoone Director General-EDBrecently. Weerakoone was addressing the first ever IoT session held in Sri Lanka, organized by the Sri Lanka Export Development Board (EDB) .

Apex body for Sri Lankan food processing sector mooted

Thu, 03 Apr 2014 00:00:00 +0000

A Sri Lankan delegation comprising officials from the Government, academia and private sector gained valuable insights in food processing, standards, food safety, product diversification and export potentials during the recently-concluded study visit to Thailand. The delegation discussed extensively on the lesions that could be learned and possible way forward for the Sri Lankan food processing industry, the role of different stakeholders of the SME in food and beverage sector of Thailand and studied the current status and success factors of Thailand’s fruit and vegetables industry and export market.

Pure Ceylon cinnamon logo awards on Monday

Thu, 03 Apr 2014 00:00:00 +0000

The issuing of license for eligible exporters to use the Pure Ceylon cinnamon logo on cinnamon packs will be held at Sri Lanka Export Development Board (SLEDB) auditorium on 07th Monday. The SLEDB recently requested pure Ceylon cinnamon manufacturing companies in Sri Lanka that wish to use pure Ceylon Cinnamon Lion Logo on cinnamon packs to forward completed applications in respect of each product design to the Sri Lanka Export Development Board. Applications were called from companies eager to use Pure Ceylon Cinnamon Lion Logo on the cinnamon packs. The companies who are eager to use the pure Ceylon cinnamon lion logo on cinnamon packs will have to obtain prior approval from the Export Development Board.

Indian CEO Forum fosters economic ties and showcases investment opportunities in Sri Lanka

Wed, 02 Apr 2014 00:00:00 +0000

The Indian CEO Forum (ICF) held its AGM on Friday, 21 March, at the Taj Samudra Hotel, Colombo. Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal was the Chief Guest while High Commissioner of India Y. K. Sinha was the Guest of Honour. A large number of invitees including Ministry of Industry and Commerce Secretary Anura Siriwardena, NDB Chairman Sunil G. Wijesinha, Commercial Bank Chairman Dinesh Weerakody, People’s Leasing CEO D.P. Kumarage, Sri Lanka Export Development Board Chairman Bandula Egodageand CEOs of multinational companies were also present at the event.

Lanka to participate at SAITEX fair in Johannesburg

Tue, 01 Apr 2014 00:00:00 +0000

Sri Lanka Export Development Board in collaboration with the Sri Lanka High Commission in Pretoria, South Africa is organising Sri Lanka’s participation at the South African International Trade Exhibition (SAITEX) to be held from June 22 to 24, 2014 at the Gallagher Convention Centre in Johannesburg, South Africa and Afro- Sri Lanka Business Forum to be organised in coincide with SAITEX2014. SAITEX is the most popular and the region’s largest multi sector international trade fair organized in South Africa for over 20 years. SAITEX serves as a strategic gateway to entire African region.

Lanka aiming to be a top 10 apparel exporter by 2020: Minister Rishad

Tue, 01 Apr 2014 00:00:00 +0000

In the aftermath of latest record apparel earnings, Sri Lanka is now entertaining bigger apparel dreams. “Our internationally recognised apparel sector has shown strong performance, and has earned revenues of $ 4.3 billion in 2013. President Mahinda Rajapaksa now wants us to be among the world’s top 10 apparel export countries by 2020,” said Minister of Industry and Commerce Rishad Bathiudeen on 21 March. Minister Bathiudeen was addressing the inauguration event of the newly established Leather & Footwear Industry Training Unit and the upgraded Engineering Workshop with mechatronics at the Sri Lanka Institute of Textile and Apparel (SLITA) on 21 March in Ratmalana.

Sri Lanka exports up in Jan 2014, trade gap down amid low credit growth

Wed, 26 Mar 2014 00:00:00 +0000

Sri Lanka's exports surged 23.3 percent to 728.7 million US dollars in January 2014, and the trade gap narrowed 5.9 percent to 755.9 million US dollars amid low credit growth, official data showed. Industrial exports rose 23.6 percent to 691.6 million US dollars with apparel also up 23.4 percent to 412.0 million US dollars, the Central Bank said. Agricultural products grew 14.9 percent to 116.1 million US dollars, with higher prices also coming for tea. The Central Bank said the average export price of tea had risen to 5.31 US dollars per kilogram in January 2014 from 4.58 dollar a year earlier. Rubber product exports were up 16.6 percent to 73 million US dollars. Petroleum export revenues from bunkers and aviation fuel had fallen 18.4 percent to 33 million US dollars despite a 10.6 percent rise in volume, due to falling prices.

6th FOOTWEAR & LEATHER FAIR 2014

Tue, 25 Mar 2014 00:00:00 +0000

The Footwear & Leather fair 2014 was ceremonially inaugurated by Hon Basil Rajapaksa Minister of Economic Development. Hon Rishard Bathiudeen, Minister of Industry & Commerce, Hon Lakshman Wasantha Perera, Deputy Minister of Industry & Commerce and Hon. Weerakumara Dissanayaka, Deputy Minister of Traditional industries & Small Enterprise Development were the Guests of honor at this event. Large gathering of diplomats form countries namely Iraq, Italy, Vietnam, Netherlands, Iran, Nigeria, Indonesia, Turkey, India, France, European Union, Libya, Romania, Cuba, Malaysia and Germany was presented at the opening ceremony.

Tribute to Mr. Victor Santiapillai – The First Chairman of EDB

Sun, 23 Mar 2014 00:00:00 +0000

It was deeply saddened to hear the demise of Mr. Victor Santiapillai , the first Chairman of EDB early this month. Nation has lost a great personality who rendered an outstanding performance of duty for development of our Motherland. Mr. Santiapillai was recognized by international business community in high esteem. Mr. Santiapillai after his preliminary education entered the University of Ceylon for higher studies. Later he joined Sri Lanka Civil Service. He was involved in bi-literal and multi-lateral trade development during his long career representing Sri Lanka at various forums etc. All his life dedicated for the trade development of Sri Lanka. His experience on commercial policy, trade and commodity agreements, market research and trade promotion comprehensively helped economic development of the nation.

Plastics, Rubber make promising start in 2014

Sat, 22 Mar 2014 00:00:00 +0000

The Plastics and Rubber Industry in Sri Lanka (PRISL), the apex organization focused on the training and development of manpower needed to the emerging requirements of the plastics and rubber based industries in Sri Lanka, has successfully accomplished three significant events A Joint venture with the Ministry of Industry and Commerce PRISL achieved a significant milestone in its history of 55 years when it launched a training programme on the practical aspects of rubber processing technology, with the support of Rishad Bathiudeen, Minister of Industry and Commerce.

B’Desh pushes biosimilar pharma JVs with Sri Lanka

Fri, 21 Mar 2014 00:00:00 +0000

For the first time, a government to government level cooperation effort is emerging to strengthen the supply of a crucial class of medicines in the $450 Mn Lankan pharma market. Bangladeshi pharma sector, which manufactures no less than 450 generic drugs for 5,300 registered brands, is now ready to partner with Sri Lanka to produce vital medicines used by seriously ill patients. "Our local pharmaceutical manufacturers cater to 97% of the internal demand and they also export. We are ready to support Sri Lanka to produce biosimilar pharmaceuticals such as insulin and finalise them to finish product levels with a guaranteed cold chain. We are ready for government to government level JVs to begin with" said MN Neaz Uddin (Health Secretary, Bangladesh) on March 20 in Colombo.

Kithulaka Varuna Exhibition and Trade Fair at Sudarshi Sinhala Cultural Centre

Fri, 21 Mar 2014 00:00:00 +0000

The Ministry of Traditional Industries and Small Enterprise Development has organised the Kithulaka Varuna Exhibition and Trade Fair from 4 to 6 April 2014 at the premises of the Sudarshi Sinhala Cultural Centre opposite the BMICH. This is an annual exhibition and trade fair held every year before the Sinhala and Tamil New Year to popularise and promote Kithul products. This exhibition will be opened to the public from 9 a.m. to 9 p.m. on all three days. Admission is free and it is open for public. Minister of Economic Development Basil Rajapaksa will be the Chief Guest for this program, along with Minister of Traditional Industries and Small Enterprise Development Douglas Devananda providing the leadership and strategic guidance to take the kithul sector forward with the support of the Deputy Minister Weerakumara Dissanayake. Secretary, Ministry of Traditional Industries and Small Enterprise Development V. Sivagnanasothy said that this three day exhibition and trade fair has been organised by the ministry with its implementing agency the Industrial Development Board (IDB) and with the participation of other stakeholders such as the Industrial Technology Institute (ITI), National Engineering Research and Development Centre (NERD), Sri Lanka Standard Institute (SLSI), Department of Export Agriculture, Department of Forests and Export Development Board (EDB)

Norwegian GSP+ opens $ 100 b market for Sri Lanka

Thu, 20 Mar 2014 00:00:00 +0000

Norwegian Customs offers hands-on support in Colombo for first time Post-war Lanka demonstrated strong growth: Norwegian Ambassador Norwegian openings for Lankan textiles, tea and rice: Norwegian Customs Norway a gateway to Scandinavian market: EDB’s Egodage As bilateral trade soared by a strong 26%, Norway, the gateway market to Scandinavia and the third highest per capita market in the world, called Sri Lanka on 18 March to step forward and grab promising opportunities available with it. “There are many niche markets for your products and new opportunities are available in Norway. The new Norwegian GSP Plus involves lower middle income countries with populations of less than 75 million. Sri Lanka therefore qualifies as a GSP Plus country. As result, Sri Lanka now receives better market access to Norway,” announced Ambassador of Norway in Colombo Grete Lochem on Tuesday. Lochem was addressing the EDB-facilitated seminar on the Norway GSP+ scheme at the EDB auditorium, Colombo.

EDB organises Lanka pavilion for Kunming Fair

Wed, 19 Mar 2014 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in China will organize a Sri Lanka pavilion at the second China South Asia Exposition to be held at the Kunming International Convention and Exhibition Centre, from June 6 to 10, 2014. This exposition is sponsored by the Ministry of Commerce of China and the Government of Yunnan province to promote import products from the South Asian region . Applications are expected from manufacturers and exporters from the categories such as food and beverages (tea, spices and kitchen essentials, processed food products, fish and related fishery products and fresh fruits and vegetables), agri products (cut flowers and foliage, coir and coir products), gems and jewellery, garments and textiles, ceramics and porcelain products, handicrafts (high quality handicrafts, batiks, artificial fashion jewellery), healthcare products (herbal products, personal care products) finally industrial products such as rubber and based products, paints and varnishes, automobile spare parts, bicycle products, electrical products and activated carbon.

Steps taken to expand Gem and Jewelry exports

Tue, 18 Mar 2014 00:00:00 +0000

Sri Lanka’s Gem and Jewelry Industry is emerging as one of the biggest foreign exchange earning industry for the country. The Gem and Jewellery Authority has implemented many measures to uplift the industry. These includes holding periodical exhibitions locally and in foreign countries and providing facilities for gem miners and establishing partnerships with other gem exporting countries in the world. As a result of these activities Myanmar has invited Sri Lanka to establish cooperation in the industry. Deputy Minister of Industry and Commerce Lakshman Wasantha Perera said that with this new initiative from Myanmar we could establish new industries both local and foreign to enable us to generate huge employment opportunities locally and overseas, in addition to development of Sri Lankan exports.

Initiative to jumpstart Palestine - SL trade

Tue, 18 Mar 2014 00:00:00 +0000

Bilateral trade needs to be revived first, before moving for such trade mechanisms as FTAs when it comes to trade with the virgin market of Palestinian Territories. "FTA with the Palestinian Territories is a good idea but with non-existent trade at present, it is too early for it" said Minister of Industry and Commerce Rishad Bathiudeen. Minister Bathiudeen was speaking to Ms Mai Bakry, presenter of "Palestine TV" on March 07 in Colombo when he was interviewed for the channel.

Exclusive Myanmar gem zone for Sri Lanka

Mon, 17 Mar 2014 00:00:00 +0000

Sri Lanka’s gem mining industry is set to turn a new chapter as Myanmar has invited the country for unprecedented cooperation efforts across many sectors. “I am pleased to say that the follow-up delegation as a result of President Mahinda Rajapaksa’s visit to BIMSTEC in Myanmar has reaped great success. I am quite confident that, with this initiative, we could establish new industries both local and foreign, to enable us to generate huge employment opportunities locally and overseas, in addition to development of exports of Sri Lanka,” revealed Deputy Minister of Industry and Commerce Lakshman Wasantha Perera. Deputy Minister Perera was speaking in the aftermath of his ministerial meetings with members of the Myanmar Cabinet in Myanmar. Deputy Minister of Industry and Commerce Lakshman Wasantha Perera led the 15 member strong Sri Lankan delegation to the Myanmar Construction Summit held in the country’s capital city Naypyidaw.

‘75% of our exporters are SMEs’

Fri, 14 Mar 2014 00:00:00 +0000

Sujatha Weerakoon (DG-EDB-far left) addresses the audience at EDB facilitated Internationalisation of SMEs session by PUM Netherlands senior experts on March 14. Seated at head table (at centre) is Dutch Tech Transfer Expert Cees Van Dijl. SMEs are the backbone of our economy and more importantly, they are at the level of exports too! "Of the more than 4000 of Sri Lankan export firms, 75% are SMEs. Therefore we have a huge responsibility to groom them to become large scale export firms" said Sujatha Weerakoon (DG-EDB). DG-EDB Weerakoon was addressing the EDB facilitated "Internationalisation of SMEs session by PUM Netherlands senior experts" session held at EDB on March 14.

China starts Sri Lanka agro value chain studies

Thu, 13 Mar 2014 00:00:00 +0000

Fujian, China’s emerging high growth province, is eager for more Sri Lankan exports to its demanding marketplace-and a visiting delegation to Colombo pushed for direct links with Lankan businesses on 06 March in Colombo. "Sri Lanka has been rebuilt as the pearl of the Indian Ocean. And I agree with you that both sides can mutually benefit in many sectors of cooperation, including trade. In fact, we want Sri Lanka – Fujian trade to grow in Sri Lanka’s favour" said a keen (HE) Song Kening (Director-General of Fujian Provincial Foreign Affairs) on 06 March in Colombo. Director-General Kening was addressing the Sri Lankan business team led by Bandula Egodage (Chairman/CEO, EDB) along with Dr Yousuf Maraikkar (ED, EDB), Sujatha Weerakoone (DG, EDB) and EDB sectoral representatives on 06 March at EDB premises, Colombo.

China starts first Sri Lanka value chain study

Wed, 12 Mar 2014 00:00:00 +0000

Strengthening bilateral trade cooperation further, China’s powerful official organ in charge of import commodity inspections, has despatched its first expert study team to Sri Lanka, signalling that China is opening for Sri Lanka’s agro-exports. The official quarantine study team from the powerful official organ in charge of import commodity inspections, Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (ADSIQ-China) has arrived in Sri Lanka on 05 February and begun work on 06 February, by liaising with the EDB. The three member team is scheduled to return to China on 12 March.

Sri Lanka German trade tops US$ 852 mn

Mon, 10 Mar 2014 00:00:00 +0000

Sri Lanka German trade has hit record heights last year with the total trade turnover exceeding US$ 852 million. G. L. Gnanatheva, First Secretary (Commercial) Sri Lankan Embassy in Germany said that total trade turnover was in the excess of US $ 771million. In 2012 Sri Lanka exported goods to Germany to the tune of US$ 452 million while German exports to Sri Lanka stood at US$ 319 He said that for the first time trade balance too has narrowed from US$133 million to US$ 83 million.

Cinnamon exports rise by 6.4% to $ 129.5 mn

Mon, 03 Mar 2014 00:00:00 +0000

Ceylon Cinnamon, which is Sri Lanka’s second global brand, has secured its trademark in two more leading markets-with one more country application in the registration process. ”I commend the EDB’s Agro division for their efforts on this initiative” said Bandula Egodage (Chairman/CEO, EDB) on 27 February in Colombo. Chairman Egodage was addressing the monthly review meeting of EDB last week when he was informed by EDB’s agro division of the latest development on Ceylon Cinnamon.

Ceylon Cinnamon secures two more int’l trademarks

Fri, 28 Feb 2014 00:00:00 +0000

Ceylon Cinnamon, which is Sri Lanka’s second global brand, has secured its trademark in two more leading markets-with one more country application in the registration process. "I commend the EDB’s Agro division for their efforts on this initiative" said Bandula Egodage (Chairman/CEO, EDB). Chairman Egodage was addressing the monthly review meeting of EDB on February 27 when he was informed by EDB’s agro division of the latest development on Ceylon Cinnamon.

SL-Iraq trade talks begin in Baghdad

Thu, 27 Feb 2014 00:00:00 +0000

The latest Sri Lanka-Iraq Joint Committee for Economic Cooperation (JEC) Commenced February 25 in Baghdad, a statement from the Industry and Commerce Ministry said. “Iraq is certainly an important market for us not only for tea but even for other prospective products. Similarly, there would be good opportunities for Iraq to promote its products using Sri Lanka’s potential,” said Industry and Commerce Minister Rishad Bathiudeen, making his opening remarks at the eighth session of Sri Lanka Iraq Joint Committee for Economic Cooperation (JEC) meeting in Baghdad, heading a 16-member delegation.

Iraq – Sri Lanka trade tops $90 million, up 80 per cent

Wed, 26 Feb 2014 00:00:00 +0000

Bilateral trade between Sri Lanka - Iraq has reached $90 million, an 80 per cent increase, and the two countries are aiming to break new ground when the largest joint trade session has begun in Baghdad. OPEC’s second biggest oil power is also ready to channel its Basra Light Crude to Sri Lankan refineries. ”In the past Sri Lanka bought and refined our oil. You can buy our Basra Light brand of crude streams and we are ready to supply them to you as we are a top buyer of Ceylon Tea,” said a confident Ambassador of Iraq in Sri Lanka, Kahtan Taha Khalaf in Colombo last week.

Pakistan expects to invest US$ 500 mn in Sri Lanka

Mon, 24 Feb 2014 00:00:00 +0000

Pakistan is expected to invest around US$ 500 million in Sri Lanka in the next three years, said Hasan Zaigham, the First Secretary, Pakistan High Commission in Sri Lanka addressing a seminar on Sri Lanka and Pakistan trade, organized by the National Chamber of Commerce in Sri Lanka. Investments from Pakistan into Sri Lanka have begun to pick up. As of December 2012, the total cumulative investment stood at around US$ 11.9 million and currently Investment of around US$ 233.3 million is in the pipeline

Lanka, Iraq bilateral trade up by 80% to $ 90 mn

Thu, 20 Feb 2014 00:00:00 +0000

Lanka mulling to be a medical tourism brand

Thu, 13 Feb 2014 00:00:00 +0000

Merging its latest tourism arrivals to its modernizing healthcare, Sri Lanka is mulling to be a medical tourism destination next-while also opening a new niche service niche in its surging exports. “Due to the support of well-trained, high quality healthcare professionals, availability of treatment centres as well as pharmaceuticals, we are witnessing the emergence of a new sector, that is medical tourism, contributing to our service exports” said an upbeat Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on 12 February in Colombo.

Exports up by 6.3% to US$ 10.38 bn in Dec.

Tue, 11 Feb 2014 00:00:00 +0000

Sri Lanka's external sector strengthened further with continued inflows to both the Current Account and the Financial Account of the Balance of Payments (BOP)in December 2013.These inflows resulted in a significant increase in the overall balance as at end December 2013, the Central Bank said yesterday. Earnings from exports recorded an increase, while a notable reduction in imports was witnessed during the month, considerably reducing the trade deficit. Inflows on account of workers’ remittances and tourist earnings also recorded the highest values during a month, while inflows to the Financial Account increased moderately during December, the Bank said yesterday.

Lanka records highest footwear & leather exports

Sun, 09 Feb 2014 00:00:00 +0000

Sri Lanka's booming footwear and leather sector has demonstrated the highest exports surge in recent history while the industry players lauded praise on the government for the support given to them. "Our footwear and leather exports have shown a strong growth trend. In 2012, exports from this sector stood at $ 30 Mn but now it has registered a remarkable 63% increase in 2013 to $ 51 Mn" said a satisfied Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on February 7 in Colombo.

Sri Lanka's footwear and leather industry booming

Sat, 08 Feb 2014 00:00:00 +0000

Sri Lanka's footwear and leather sector has shown a remarkable growth in the last year with exports surging over 63 percent from the previous year. The total Leather and Leather Product exports stood at US$ 51 million in 2013 increasing 63.5% from the US$ 31.19 million earned in the previous year. "Our footwear and leather exports have shown a strong growth trend," Minister of Industry and Commerce Rishad Bathiyutheen said Friday addressing the inauguration of the sixth edition of the Footwear and Leather Fair at the BMICH. The 2014 exhibition held from February 7-9 is organized by Sri Lanka Export Development Board in collaboration with the Ministry of Industry and Commerce, Industrial Development Board and Footwear and the Leather Products Manufacturers Association.

“Lanka capable of producing 15 million pairs annually”-EDB

Sat, 01 Feb 2014 00:00:00 +0000

The Sri Lankan footwear and leather industry is growing at a steady pace-and has developed into a sector catering to international markets. “Forthcoming 6th International Footwear & Leather Fair is a three day event and will move our producers, who now show 45% value addition, to international buyers” said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on 31 January in Colombo. Minister Bathiudeen was acknowledging his officials’ info on the forthcoming 6th International Footwear & Leather Fair which will commence in Colombo on 07 February. The three day exposition will pack such events as, a Designer Award Ceremony, an exclusive Fashion Show and a stall competition. On display are footwear, raw material, travel goods, chemicals, leather goods, components & accessories as well as machinery. In addition to the general public, Importers, Buying houses, Traders, Designers, Wholesalers & Agents, Brand owners, and Industrialists are expected to grace the expo.

Footwear & Leather Fair from 7 to 9 February at BMICH

Thu, 30 Jan 2014 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) together with the Ministry of Industry & Commerce, Industrial Development Board and the Sri Lanka Footwear and Leather Products Manufacturers Association (SLFLPMA) will provide a platform for Sri Lankan footwear and leather product exporters, manufacturers and SMEs’ to showcase their talents and capabilities locally and globally by organising the 6th Footwear and leather Fair 2014 from 7 to 9 February 2014. Footwear and Leather industry contributes a considerable share to the country’s exports earning and shown a remarkable growth during this year. In addition, footwear manufacturers cater to more than 50% of the local market requirement, minimising imports of such items.

Biz delegation from Hong Kong to visit SL in April

Sat, 25 Jan 2014 00:00:00 +0000

In a new breakthrough after a year from the first ever successful Hong Kong-Sri Lanka biz MoU in 2013, some Hong Kong based manufacturers are now looking to move factories to Sri Lanka and a high powered biz delegation from HK is now scheduled to arrive in early April. ”The first ever business development MoU between Hong Kong Trade Development Council (HKTDC) and the Export Development Board (EDB) was a tremendous success and some Hong Kong based manufacturers are looking to move factories to Sri Lanka. A delegation led by none other than the Deputy Executive Director of HKTDC Ms Margaret Fong is scheduled to arrive in early April for the next level in this process. Some HK manufacturers have already expressed interest to set up production in Sri Lanka, especially in garment and food, as well as handicraft and sunshine industries. Tentatively, there will be 20 delegates from 15 companies in the forthcoming delegation. We are also helping some Sri Lankan exporters to find HK markets and importers,” said Sunny Chau, Regional Manager, HKTDC Southeast Asia and India, on January 21 in Colombo.

Exports surge by 6.2% in 2013

Thu, 23 Jan 2014 00:00:00 +0000

Sri Lanka’s exports, which suffered a YoY decline of 7% in 2012, returned with a bang in 2013 posting a 6.2% surge. "I and EDB thank our exporters for their commitment for this strong performance" a Ministry of Industry and Commerce press release quoted Minister of Industry and Commerce Rishad Bathiudeen as saying. The release adds: ‘Minister Bathiudeen was acknowledging the latest provisional annual export performance numbers briefed to him by his officials on January 22 in Colombo. ‘According to the latest provisional figures by the EDB, 2013 cumulative exports earnings stood at $ 10379.94 Mn, growing by 6.2% from 2012’s annual export revenues of $ 9773.63 Mn.

Lanka coir now used by Mercedes Benz -EDB

Thu, 23 Jan 2014 00:00:00 +0000

Sri Lankan coir has grabbed the attention of a leading global automotive firm. "I am happy to say that our coir is now used by Mercedes Benz. This is the first time we learn that our coir have gone to such high levels" said a pleased Sujatha Weerakoone, Director General of EDB on January 22. EDB Director General Weerakoone was addressing "Exporting to Korea" event, organised and held at the EDB. The session was honoured by a 16 member strong South Korean undergrad delegation led by Prof. Bell C.J. Park of Myongji University, South Korea, who made a presentation. Also in attendance were more than 100 reps from various Sri Lankan exporters.

Korean University Students on Sri Lanka Tour

Thu, 23 Jan 2014 00:00:00 +0000

Myongji University in Korea in collaboration with the Korea International Cooperation Agency (KOICA) and the Embassy of Sri Lanka in Korea, will be sending a student delegation to Sri Lanka from 20th – 27th January, 2014. The delegation consists of Professor Bell J.C. Park, a faculty member of the International Trade Department of the Business Administration College at Myognji University, and 15 university students whose major interest is international trade business.

Tea exports revenue hit record high in 2013

Fri, 17 Jan 2014 00:00:00 +0000

Sri Lanka has achieved the highest ever revenue from tea exports in 2013 realizing a total revenue of Rs. 199.4 billion surpassing the previous best of Rs.180.4 billion in 2012, recent statistics from a leading tea brokerage firm showed. The record revenue was realized despite the island exporting lesser quantity of tea from January – December 2013 where cumulative tea exports totalled 319.6M/kgs, showing a marginal decrease of 0.28M/kgs vis-à-vis 319.9M/kgs of 2012.

Over 200 stalls at Footwear and Leather Fair in Feb.

Sat, 11 Jan 2014 00:00:00 +0000

The sixth Footwear and Leather Fair is to be held from February 7 to 9 featuring over 200 stalls. The event, organized by the Export Development Board (EDB), the Ministry of Industry and Commerce, Industrial Development Board and the Sri Lanka Footwear and Leather Products Manufacturers’ Association (SLFLPMA), is expected to provide a platform for Sri Lankan footwear and leather products exporters, manufacturers and Small and Medium Enterprises (SMEs) to showcase their talents and capabilities locally and globally.

Second largest SAARC partner hungry for Lankan exports, FTA trade

Thu, 09 Jan 2014 00:00:00 +0000

Sri Lanka’s second largest trade partner in SAARC is hungry for more Lankan exports in the coming year-while also closely looking at Sri Lanka’s sugar sector for entry! ”Pakistan’s new GSP with EU is an opportunity for Sri Lankan exporters and they can do more things. In fact, we should jointly explore whatever is possible within the rules and regulations of these new developments!” stressed an upbeat Major Genenral Qasim Qureshi (Pakistan High Commissioner to Sri Lanka) on 07 January in Colombo. High Commissioner Qureshi was addressing Rishad Bathiudeen Minister of Industry and Commerce on 07 January during his new-year courtesy call on Minister Bathiudeen at the Ministry of Industry and Commerce premises in Colombo 03.

Pakistan's latest GSP with EU, opportunity for Sri Lankan exporters: Qureshi

Wed, 08 Jan 2014 00:00:00 +0000

Sri Lanka’s second largest trade partner in SAARC is looking for more Lankan exports in the coming year, while also eyeing Sri Lanka’s sugar sector entry, ”Pakistan’s new GSP with EU is an opportunity for Sri Lankan exporters, and they can do more things. In fact, we should jointly explore whatever is possible within the rules and regulations of t hese new developments, said Pakistan High Commissioner to Sri Lanka Major General Qasim Qureshi, addressing Industry and Commerce Minister Rishad Bathiudeen during his new-year courtesy call on the Minister.

‘Seven firms now in automotive assembly here’- Minister Rishad

Thu, 02 Jan 2014 00:00:00 +0000

Export cess on rare earth/mineral sand were introduced to safeguard our industries –and no less than seven firms are now active in automotive assembly industry in Sri Lanka. “To safeguard domestic industries and to ensure a continuous supply of raw materials for local industries, we introduced exports cess on selected items. And seven companies have ventured into the automobile assembly industry with a local value addition exceeding 30%” said Rishad Bathiudeen, Minister of Industry and Commerce on 10 December.

Export earnings increase to record levels in October

Wed, 04 Dec 2013 00:00:00 +0000

The external sector strengthened further with the trade deficit contracting sharply in October 2013,the Central Bank said yesterday. Earnings from exports increased to record levels, reflecting the ongoing recovery in the global economy, while expenditure on imports declined. The contraction of the trade deficit, higher inflows to the services account and an increase in private transfers contributed to reducing the current account deficit. The favourable developments in the external sector together with higher inflows to the financial account, resulted in the Balance of Payments (BOP) recording an estimated surplus during the first ten months of 2013, compared to the deficit recorded during the corresponding period of 2012, the Central Bank said yesterday.

Lanka exports jump in October

Sun, 24 Nov 2013 00:00:00 +0000

Sri Lanka is hopeful as exports continue to surge with latest volumes showing a promising uptrend. “The export trend in September is continuing. The 3% exports increase in October is higher than expected” said a pleased Rishad Bathiudeen, Minister of Industry and Commerce on 22 November. Minister Bathiudeen was acknowledging the latest export numbers for October 2013 indicated to him by his top officials on 22 November at the Ministry of Industry and Commerce.

$ 01 B int’l biz partnerships from Reflection

Fri, 22 Nov 2013 00:00:00 +0000

The biggest Lankan trade, tourism and investment exposition in history successfully concluded on Sunday 17 November at Battaramulla, with $ 01 Bn in international business partnerships. “The event appears to be a sell-out. There were more than 242000 visitors that included an unprecedented number of international buyers representing 66 countries -which led to 1428 serious buyer visits, 101 promising B2B meetings” said Rishad Bathiudeen, Minister of Industry and Commerce on 20 November in Colombo. Minister Bathiudeen was speaking with his top officials including Anura Siriwardena, (Secretary, Ministry of Industry and Commerce), on 20 November acknowledging the final review of the progress of Reflection of Sri Lanka -the integrated tourism, trade, investment and SME exposition -inaugurated on 13 November in Battaramulla. Reflection of Sri Lanka was inaugurated by (HE) the President Mahinda Rajapaksa on 13 November evening in the presence of a large number of Lankan and international dignitaries as well as media.

Taiwan Textile Fair begins on November 26

Wed, 20 Nov 2013 00:00:00 +0000

The top textile companies from Taiwan will be showcasing their cutting edge, unique and high performance textile products at Taiwan Textile Fairs in South Asia 2013 at the Taj Samudra, Colombo, Sri Lanka on November 26 and 27, 2013. Taiwan is one of the largest textile exporters in the world and the Taiwan textile industry is internationally renowned for its manufacturing excellence. Their superior quality yarn, innovative fabrics and textile products are now coming to Sri Lanka and will present their range of state-of-the-art textile products to Sri Lankan apparel manufacturers at the Taiwan Textile Fairs in South Asia 2013.

Anuga Exhibition from 5th to 9th October 2013 in Cologne, Germany

Sun, 10 Nov 2013 00:00:00 +0000

The Anuga Exhibition is the most important platform for the food business held in Cologne. This year, 6777 exhibition stands catered to the public, and more than 150 000 trade visitors from 187 countries were present to check out the actual trends in the food business. The Minister of Industries and Commerce of Sri Lanka, Rishad Bathiudean, accompanied by Ambassador of Sri Lanka in Germany, Mr. Sarath Kongahage, and the Consul General of Sri Lanka in Frankfurt, Mr. Pradip Jayawardana, opened the Sri Lanka representation with 41 Sri Lankan companies exhibiting high quality Sri Lankan products such as tea and other export products.

Ministry of Economic Development of the Democratic : Reflection of Sri Lanka International exhibition from November 13 to 17

Thu, 07 Nov 2013 00:00:00 +0000

The exposition on Trade, Tourism and Investment titled 'Reflection of Sri Lanka' is set to take place in parallel with the Commonwealth Heads of Government Meeting (CHOGM), in November 13 to 17, 2013 at the Battaramulla Ape Gama premises(Jana Kala Kendraya). This event would be the biggest of its kind, happening in Sri Lanka, with the registered participation of 520 exporters under one roof, accommodating 968 stalls. Reflection of Sri Lanka International Exhibition on Trade, Tourism and Investment organized by the Ministry of Economic Development and Ministry of Industry and Commerce together with Export Development Board(EDB), Sri Lanka Tourism Promotion Bureau and the Board of Investment(BOI).

SL-B’desh mull formulating PTA

Tue, 05 Nov 2013 00:00:00 +0000

Sri Lanka and Bangladesh will begin formulating a preferential trade agreement (PTA) between the two countries subsequent to the completion of the Commonwealth Heads of Government Meeting (CHOGM), with a view to developing into a free-trade agreement (FTA) in future, according to Bangladesh High Commissioner to Sri Lanka Mohammad S. Rahman. “The current quantum of bilateral trade between Sri Lanka and Bangladesh is still relatively low at approximately US $ 9 million. However, there is a lot of potential to improve this figure. We hope to establish a PTA once the CHOGM is completed, which can eventually be developed into a fullyfledged FTA in future,” he stated.

Sri Lanka-China FTA not a blindsided rush- Minister Bathiudeen

Sun, 03 Nov 2013 00:00:00 +0000

Forthcoming FTA with China is not a blindsided move but is a process involving studies and even relevant stakeholder consultations. “We are still at initial study phase and we will not finalize product lists without consulting Lankan stakeholders such as various chambers and industries,” assured Minister of Industry and Commerce of Sri Lanka Rishad Bathiudeen to the oldest Industry Chamber in the country on October 31 in Colombo. Minister Bathiudeen was addressing a delegation led by new Chairman,CNCI Gamini Gunasekara on October 31 at the Ministry of Industry and Commerce. Also taking part were Secretary, Ministry of Industry and Commerce Anura Siriwardena and additional secretaries, officials of Department of Commerce and CNCI officials.

Tea export earnings reach Rs 142 b upto September

Tue, 29 Oct 2013 00:00:00 +0000

Sri Lanka’s overall tea export earnings during the period January – September of the year has increased by Rs. 10.6 billion year on year (YoY) to record Rs. 141.9 billion, according to a Forbes and Walker report. However, overall export volumes in the first nine months of the year has decreased by 1.4 million kg year on year to 234.5 million kg. The total tea export earnings in August also increased to Rs. 123.1 billion while tea export earnings in September was Rs. 18.5 billion. The volumes decreased by 3.1 million kg to 28.7 million kg.

Lanka moves up in global competitiveness

Mon, 28 Oct 2013 00:00:00 +0000

Signalling a positive turn for its export diversification moves, Sri Lanka has notched itself up in the latest Global Competitiveness Index. And no less than 22 FTAs have helped Sri Lanka's topmost Southern hemispheric trading partner to lift itself off from a 'backyard GDP' and speed up to one of the best economies in South America today. "I am pleased to say that Sri Lanka has improved to Rank 65 from its previous 68 in the Global Competitiveness Report 2013-2014. We stand just below Russian Federation in this ranking. The same index says that, Sri Lanka leads among SAARC countries on competitiveness levels" said Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 25 October in Mt. Lavinia.

Exports turn around, Lanka enters CHOGM biz runway

Wed, 23 Oct 2013 00:00:00 +0000

An eager Sri Lanka launched the business side of its forthcoming CHOGM -and announced its new export turnaround to a packed presser on 22 October. “I am happy to say that our exports from January to September this year shows an increase of 1.07%, in comparison to the same period in 2012. This shows that, having faced the international market challenges our exports are now gradually strengthening” said Rishad Bathiudeen, Minister of Industry and Commerce on 22 October. Minister Bathiudeen was addressing the official media announcement and special presser on “Reflection of Sri Lanka” held at the Ministry of Mass Media and Information in Colombo 5 on 22 October. Along with Minister Bathiudeen, also present were Susantha Punchinilame (Deputy Minister of Economic Development), Lakshman Yapa Abeywardena (Minister of Investment Promotion), Anura Siriwardena (Secretary, Ministry of Industry and Commerce), Charitha Herath (Secretary, Ministry of Mass Media and Information), officials of Sri Lanka Tourism, BoI, Tea Board, EDB, Gem and Jewellery Authority, and Ministry of Economic Development.

Reflection of Sri Lanka

Tue, 22 Oct 2013 00:00:00 +0000

A joint Trade, Tourism and Investment exhibition parallel to the Commonwealth Heads of Government Meeting (CHOGM) has been organized to be held from 13th to 17th November at the Janakala Kendraya in Battaramulla in Colombo under the title “Reflection of Sri Lanka”. This exhibition has been jointly organized by the Ministries of Economic Development, Industry and Commerce and Investment Promotion. More than 300 Sri Lankan exporters including 75 machinery exporters and 100 technology providers and 200 SMEs will showcase their products at this mega exhibition.

Sri Lanka exports up 10.7-pct in August, imports down

Mon, 21 Oct 2013 00:00:00 +0000

Sri Lanka's exports rose 10.7 percent to 917.8 million US dollars in August 2013 from a year earlier, and import dropped 7.7 percent to 1.6 billion US dollars, the Central Bank said. Export earnings from tea grew 49.3 percent to 142.8 million US dollars and apparel exports barely grew 2.1 percent to 366.5 million US dollars. Rubber products export value dropped 8.0 percent to 77.7 million US dollars. Imports fell 7.7 percent to 1.6 billion US dollars in August. Consumer goods rose 18.6 percent to 266.6 million US dollars and intermediate goods fell 5.7 percent to 1,017 million US dollars though fuel imports rose 7 percent to 531.3 million US dollars.

‘FTA the biggest leap since ‘52 Rubber Rice pact’- Jianhua, China’s powerful int’l trade Minister

Sat, 19 Oct 2013 00:00:00 +0000

The forthcoming China-Sri Lanka FTA is the biggest development in Sino-Lanka cooperation history since the 1952 Rubber-Rice Pact. And China is keen to see the groundwork on this FTA completed by December this year. “My mission is to start the China-Sri Lanka FTA process. The forthcoming FTA is the biggest development in China-Sri Lanka bilateral cooperation since the historic 1952 Rubber Rice Pact between the two countries. We expect that the preparatory process of the forthcoming FTA to be completed by December this year. Then we can go to the next stage in 2014, ” said a confident Yu Jianhua, the powerful Deputy International Trade Representative of the Ministry of Commerce of China on 17 October in Colombo.

EDB promotes design driven exports to key global buyers and retailers at SLDF 2013

Mon, 14 Oct 2013 00:00:00 +0000

The Sri Lanka Design Festival (SLDF) 2013, backed by local industries and the Sri Lankan Government, kicked off yesterday. The main objective of the festival, which is to promote design driven exports, is supported by Sri Lanka’s apex institute for driving exports, the Sri Lanka Export Development Board (EDB). Together with EDB, SLDF 2013 is held under the theme of South Asia’s Creative Hub, encompassing Sri Lanka moving towards the regional hub status in design. Under this, SLDF will join hands with the EDB to highlight and draw international attention to the major export industries like fashion/apparel manufacturing as well as emerging sectors like contemporary craft.

Lankan biz throng to EDB ‘Reflections’ expo at CHOGM

Thu, 10 Oct 2013 00:00:00 +0000

Lankan businesses of both SME and large scales are enthusiastically enlisting for the CHOGM event of EDB. "42 exhibitor firms from ornamental and handicraft sector, 40 from gem and jewelleries, and 19 from apparel sector are among them," said Ms Sujata Weerakoone, Director General of EDB on 08 October in Colombo. Director General Weerakoone was addressing the special briefing session held at EDB auditorium on 08 October for exhibitors of forthcoming EDBs CHOGM exposition titled "Reflections of Sri Lanka-Exploring the Wonder of Asia". More than 250 reps from 184 Lankan businesses of SME and large scales from across the country were in attendance at EDB’s briefing session.

Tea Exports Hit Rs. 123 Bn

Sun, 06 Oct 2013 00:00:00 +0000

Tea export earnings in the first eight months of the year increased by Rs. 10.6 billion year on year (YoY) to Rs. 123.1 billion, Forbes & Walker (F&W) in a report said. Export volumes in the review period increased by 1.7 million kilos YoY to 205.7 million kg. Kenya, one of Sri Lanka’s competitors, in the first seven months of the year increased its export volumes by 52 million kg. YoY to 293 million kg., F&W said. In the same period Kenya’s tea export earnings increased by Rs. 18 billion* to Rs. 109.7 billion. Meanwhile Sri Lanka’s tea export earnings in August increased by Rs. 6.2 billion to Rs. 18.8 billion YoY. Likewise tea export volumes increased appreciably by 9.5 million kg. YoY to 31.4 million kg.

Hub is Sri Lanka’s USP!’ – Powerful Swiss Investment Arm

Sat, 05 Oct 2013 00:00:00 +0000

Sri Lanka’s international Unique Selling Proposition (USP) is none other than its hub positioning. “At this moment, many countries in Latin America, Africa and Asia including Sri Lanka have great investment opportunities. Sri Lanka will have to compete with these countries to leverage foreign investment streams from Switzerland” revealed a very confident Wolfgang Schanzenbach, Regional Director Asia Pacific of Switzerland Global Enterprise (SGE) on 03 October in Colombo.

Japanese apparel market craving for more Lankan made supplies

Tue, 01 Oct 2013 00:00:00 +0000

Apparel exports must be expanded to cater to the growing demand for Sri Lankan made products in the Japanese market, according to Japan’s House of Councillors Member Yamatani Eriko. “Sri Lankan apparels are of high quality but unfortunately, the supply of Sri Lankan apparels to the demand of the Japanese market is not sufficient at the moment. Therefore, we request steps be taken to expand exports of Sri Lankan apparels to Japan. Bilateral trade between Sri Lanka and Japan has a very long history and trade is one of the most important aspects of our bilateral relations. Ceylon tea and other Sri Lankan products such as apparels and ceramics are already popular in Japan,” Eriko stated.

Govt: Lanka companies bullish at EDB’s first ever China-Lanka direct B2B

Sun, 29 Sep 2013 00:00:00 +0000

"Eager Sri Lankan biz has experienced a sudden boost and witnessed new doors of opportunities on 26 September with a surge of inquiries from the powerful Chinese businesses now scouring Sri Lanka," the Ministry of Industry and Commerce said in a statement. On 26 September, one hundred (100) Lankan firms of small, medium and large scales met reps from 23 powerful Chinese firms that arrived in Sri Lanka on 25 September as part of the Chinese Trade Promotion delegation to Colombo.

Saudi buyers, sellers invited to trade exhibition in Sri Lanka

Fri, 27 Sep 2013 00:00:00 +0000

The Sri Lankan Embassy has invited buyers and sellers to participate in an exhibition to be held concurrently with the Commonwealth Heads of Government Meeting (CHOGM) 2013, scheduled to be held in Colombo from Nov. 13. Anil Sirimanne, commercial counselor at the Sri Lankan Embassy, told Arab News that the event, which will discuss Sri Lanka’s trade, tourism and investment, will also coincide with the Commonwealth Business Forum (CBF), which will also be held in Colombo during the same period. The Commonwealth is a voluntary association of 54 independent countries and the CHOGM is held every two years to enable leaders of Commonwealth countries to come together to discuss global and Commonwealth-related issues and to decide on collective policies and initiatives.

Ten Prominent Business groups to represent Sri Lanka at Pakistan EXPO 2013

Thu, 26 Sep 2013 00:00:00 +0000

The High Commissioner of Pakistan in Sri Lanka Maj Gen (R) Qasim Qureshi hosted the Sri Lankan businessmen participating in Pakistan EXPO 2013 along with the officials of Export Development Board Sri Lanka, today at the High Commission of Pakistan prior to their departure for Karachi. Ten companies from Sri Lankan representing various sectors such as tea, herbal cosmetics, commercial paints, bicycles, fruits & vegetables, textiles and pharmaceuticals sectors will attend the largest EXPO of Pakistan, from 26-29 September, 2013.

Sri Lanka to hold exposition on Trade, Tourism & Investment in parallel to CHOGM

Tue, 24 Sep 2013 00:00:00 +0000

In order to maximize the opportunity presented by the upcoming Commonwealth Heads of Government Meeting (CHOGM) in November, Sri Lanka is holding an exposition on Trade, Tourism & Investment in parallel to the event "Reflection of Sri Lanka" will be held at the Folk Art Center (Janakala Kendraya) in Battaramulla, a suburb of capital Colombo, from 13th to 17th November 2013. The expo is organized by the Ministry of Economic Development, Ministry of Industry and Commerce, Sri Lanka Tourism, and Board of Investment (BOI) in collaboration with Sri Lanka Export Development Board (EDB) and in association with other government agencies.

SL’s fruit and vegetable exports tops US$ 32.5 m

Fri, 20 Sep 2013 00:00:00 +0000

Processors and exporters in combination have achieved as at today a 20 % increase in export revenue compared to last year, said Bandula Egodage, Chairman Export Development Board addressing the Lanka Fruit and vegetable Producers, Processors and Exporters Association's 32nd AGM on Wednesday. He said the industry has earned US$ 32.5 million export earnings in 2012 which was very significant because members of the association were engaged in agriculture. He said the members of the association were playing a vital role in terms of rural development in Sri Lanka and was engaged in a huge CSR campaign which was more vital than figures. He said value addition was vital to overcome rising input costs.

Partnering Lanka shines bright at Turkey’s Izmir, snaps-up immediate orders

Wed, 18 Sep 2013 00:00:00 +0000

Sri Lanka, honoured as the first ever Asian Partner country at the Izmir Int’l Fair series in Turkey, has successfully clinched several trade and business deals at this global event, while also pushing its historic trade ties with the easternmost NATO power to new levels. “We consider Turkey as one of the most important Trade Partners with high potentials for trade growth, and the present bilateral trade at $ 190 Mn is a credible starting point towards bigger trade, which in turn, has shown an increasing trend over last five years” said Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) addressing the huge audience at the inaugural session of 2013 Izmir International Fair (the 82nd international multi-product exhibition series) on 29 August in Izmir, Turkey.

Sri Lanka, China to close free-trade deal

Tue, 17 Sep 2013 00:00:00 +0000

Sri Lanka and China will finalise a free-trade agreement ahead of a Commonwealth summit in Colombo in November, a government minister said on Tuesday. The two sides have been hammering out details of the duty-free goods under the deal, Investment Promotion Minister Lakshman Yapa Abeywardena told reporters in Colombo. China has been investing heavily in Sri Lanka, with loans and expertise instrumental in building ports, highways, railways and power plants in the Indian Ocean nation.

Sri Lanka plans to export salt from Hambantota Port

Tue, 17 Sep 2013 00:00:00 +0000

Sri Lanka, expecting a bigger salt harvest this year from the country's salterns, plans to export the excess salt. The Chairman of Lanka Salts Ltd., Pradeep Wijesiriwardana has said that there will be excess salt when the salterns at Elephant Pass produce salts and the excess can then be exported. Wijesiriwardana has said that the plans are already underway to export the excess production from the Hambantota port.

Dutch biz in town

Fri, 06 Sep 2013 00:00:00 +0000

Dutch biz are bullish on Sri Lanka’s emergent prospects. “Sri Lanka’s historic links with the Netherlands have entered a new era. This strong business and investment delegation is the latest sign” said an upbeat Buddhi Athauda (Ambassador of Sri Lanka to the Netherlands) on 04 September in Mt. Lavinia. Ambassador Athauda was addressing the inaugural event of the visiting Netherlands business and trade delegation to Sri Lanka on 04 September held at Mt Lavinia Hotel, Mt Lavinia. The delegation, which is on a week-long tour in Sri Lanka, and which arrived on same day (04 September) in Colombo, consisted of reps from such leading Dutch firms as JIMPP Media, Abos, Defteq International BV, Beursgenoten, Fleurons & Prins, Velema Holdings, and Zonel Energy Systems. EDB facilitated presentations from various Lankan private sector firms-including Ceylon Tea, and Tourism- were made to the visiting delegation on 04 September at the Mt. Lavinia Hotel, followed by a successful B2B session between Dutch and Lankan biz that continued throughout the afternoon. Jimpp Media BV, a business programme producer is also part of the delegation. Ron Abdoelhafiezkhan, a well-known Dutch talk show host and a TV producer as well as JIMPP’s leading producer Ms Juliette Iperen with her TV crew are also in the delegation. The JIMPP TV crew is scheduled to start shooting for two half hour segments on Sri Lanka’s new developments, to be televised in Netherlands.

Strengthening ties at EDB

Mon, 02 Sep 2013 00:00:00 +0000

The Sri Lanka Export Development Board (EDB) celebrated its 34th anniversary recently. As a part of its anniversary celebrations, the formation of an Ex-EDB Employees society titled ‘Ex-EDB Employees Sansadaya’ was proposed, to strengthen the ties between the present and past employees of the EDB. The inaugural meeting and the get-together of the ‘Sansadaya’ was held on 23 August at the Cey-Nor Seafood Restaurant, Colombo, with the participation of present and past employees of EDB

Israeli Trade delegation upbeat on investment prospects in Sri Lanka

Sat, 31 Aug 2013 00:00:00 +0000

A high end Israeli Trade delegation consisting of approx. 25 delegates from diverse sectors such as agriculture, dairy, the high tech industry, defence, insurance and water management sectors is currently visiting Sri Lanka in order to explore potential scope for collaboration between the two countries. The trade delegation which arrived on 26th August is led by Ambassador Sarath Wijesinghe, Sri Lanka’s Ambassador to Israel. The objective of organizing the visit by the Sri Lanka Embassy in Israel with the assistance of the Export Development Board, the Chambers of Commerce and the Israel –Asia Chamber of Commerce in Israel was to highlight Sri Lanka’s comparative advantages as well as the variety of investment incentives available in the priority sectors of the Sri Lankan economy. This visit is also timely since there has been considerable growth in bilateral economic relations between Sri Lanka and Israel with trade doubling to US $ 158.35 million last year.

Negotiations on bilateral cooperation of Belarus and Sri Lanka held at business forum

Tue, 27 Aug 2013 00:00:00 +0000

The delegation of Sri Lanka is interested in export of certain Belarusian goods such as sugar, tires and oil products. The heads of the states agreed on setting up joint ventures. Joel Selvanayagam, the chair of the group of companies (Sri Lanka): "We have enormous potential and technologies. By uniting them we can advance our economies".

Facets 2013, Sri Lanka’s Premier International Gem & Jewelry Show begins on August 29, 2013

Thu, 22 Aug 2013 00:00:00 +0000

In accordance with the popular slogan “Come September Come Facets” the 23rd version of Sri Lanka’s premier International Gem & Jewelry Show, Facets 2013, eagerly awaited by all stakeholders in the international gem and jewelry trade and industry, is due to be held from August 29th to September 1st, 2013, at the usual venue, the Sirimavo Bandaranaike Memorial Exhibition and Convention Centre, part of the complex of buildings associated with the Bandaranaike Memorial International Conference Hall (BMICH), situated along Bullers Road, Colombo. The show is organized by the Sri Lanka Gem & Jewelry Association (SLGJA) and co-sponsored by the National Gem & Jewelry Authority (NGJA) of Sri Lanka and the Sri Lanka Export Development Board (SLEDB) . The show will be held in the two large octagonal-shaped convention halls of the exhibition center, the main hall being reserved for the display of precious and semi-precious gems and the second hall allocated to jewelry, lapidary and other machinery used in the gem and jewelry industry. Around 200 exhibitors both local and foreign are due to be accomodated in both halls. The ceremonial opening of the show will be held at 9.00 a.m. on August 29, 2013 and the show will be open to visitors from 9.30 a.m. to 6.00 p.m. on August 29, and on the remaining three days August 30 to September 1, from 10.00 am to 6.00 p.m

Third global Potash power switches Lanka’s agro-automotive ignition!

Thu, 08 Aug 2013 00:00:00 +0000

Belarus, world’s third largest potash power and an industry driven economy with a GDP equal to Sri Lanka, is bullish on Sri Lanka’s trade, B2B and more importantly, in its industries. And Belarus is gearing towards partnering in the kick-start of Sri Lanka’s crucial agro-automotive industry. “46% of our GDP is industries! We have carefully studied about Sri Lanka’s economic and industrial zones and please tell us more about your 26 industrial zones that aroused our interest!” declared an eager (HE) Vitaly Prima (the New Delhi based Ambassador of Belarus to Sri Lanka) on 06 August in Colombo. Prima, who is currently leading a 14 member trade and business delegation to Sri Lanka, was addressing Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) at Minister Bathiudeen’s Industry and Commerce Ministry on 06 August during his delegation’s meeting with Minister Bathiudeen.

Lanka apparel exporters log on live to global Asycuda network

Thu, 01 Aug 2013 00:00:00 +0000

Sri Lanka’s non-BoI apparel exporters have been now integrated to the crucial global network called Asycuda World (of UNCTAD). And having overcome the global recession, our apparel exports are now back on track-with good news. “Today, Sri Lanka’s apparel sector is entering into a new phase. As a result of Sri Lanka’s non-BoI apparel manufacturers directly integrating into the online ‘Asycuda World’ system, we have now cleared a major bottleneck in our apparel exports” announced Rishad Bathiudeen, Minister of Industry and Commerce on 30 July in Colombo. Minister Bathiudeen was addressing the implementation event of the Asycuda World export documentation system for non-BoI apparel exporters held 30 July at the Ministry of Industry and Commerce.

Govt. grants tax incentives to port users, enterprises to boost exports

Wed, 31 Jul 2013 00:00:00 +0000

President Mahinda Rajapaksa who is also the country’s Finance Minister has declared Sri Lanka’s four main ports, Colombo, Hambantota, Trincomalee and Galle as ‘Free Ports’. Additionally, the President declared the Mattala Rajapaksa International Airport, the Katunayake Export Processing Zone and Koggala Export Processing Zone as ‘Bonded Areas’. The declaration entitles enterprises which are 65 percent foreign-owned and operating through the specified areas to wide tax exemptions including provisions under the Customs Ordinance and Exchange Control Act.

Despite drawbacks, exports up in June: Mr. Bandula Egodage

Tue, 30 Jul 2013 00:00:00 +0000

Despite the drawbacks of the anticipated economic recovery in the European Union and the United States not taking place and also the unsettled conditions in the Middle East, there has been a commendable increase in the country’s export earnings in June this year, said Bandula Egodage, Chairman and Chief Executive of the Sri Lanka Export Development Board . Addressing the 16th annual general meeting of the Exporters’ Association of Sri Lanka as the guest of honour, Egodage said that according to provisional Customs data, Sri Lanka’s export earnings had recorded a commendable increase in June this year and exports to our key markets USA and EU, especially to the USA, had also shown a satisfactory increase in the same month.

FACETS Sri Lanka to take centre stage for 23rd year

Thu, 25 Jul 2013 00:00:00 +0000

FACETS Sri Lanka 2013, the International Gem and Jewellery Show that showcases hundreds of local and foreign exhibitors, will be held from August 29 to September 1 at the Sirimavo Bandaranaike Memorial Exhibition Centre. This year’s exhibition will comprise over 150 booths with a variety of gem and jewellery that include precious and semi-precious gems. Organized by the Sri Lanka Gem and Jewellery Association (SLGJA), FACETS Sri Lanka enables all gem and jewellery traders to display market collections and also help create awareness about the importance of the gem and jewellery industry in Sri Lanka. Additionally, the event will consist a seminar on 'Gem and Jewellery in Sri Lanka' conducted by an expert panel of local and International panelists. FACETS Sri Lanka 2013 encompasses individual exhibitor pavilions from Myanmar, The National Gem and Jewellery Authority (NGJA) and an SME pavilion from the Sri Lanka Export Development Board (EDB) . In addition, buyer delegations from USA, China, Russia and India will also be arriving. Stall holders from Singapore, Dubai, Myanmar and India will be participating at the event.

Sri Lanka InfoTech, firms in fast growth: industry chamber

Thu, 25 Jul 2013 00:00:00 +0000

Sri Lanka's information technology and business process outsourcing sector has tripled exports and doubled the workforce in a little over five years, an industry official said. The Sri Lanka Association of Software and Services Companies (SLASSCOM) say export revenues grew 182 percent to an estimated 600 million US dollars in 2013 from 213 million US dollars in 2007. Total employment in the industry rose 100 percent to 67,000 in 2013 from 33,000 in 2007, the chamber's newly elected chairman Madu Ratnayake, from Virtusa, an information technology company said.

Morocco looking for more trade, JVS with Sri Lanka

Wed, 24 Jul 2013 00:00:00 +0000

Morocco has shown keen interest to boost trade and industrial cooperation with Sri Lanka. “We need to expand our bilateral trade as well as our industrial cooperation. Investors from both countries can also enter into joint ventures in many sectors; we are strong in rubber and fishery -technologies that Sri Lanka can benefit from us considerably,” said Moroccan Ambassador to Sri Lanka, Larbi Reffouch during his recent meeting with Industry and Commerce Minister Rishad Bathiudeen at the Export Development Board.

‘Start making use of benefits given to industries’- Minister Rishad Bathiudeen

Fri, 19 Jul 2013 00:00:00 +0000

Industrialists should make the maximum use of the many facilities and benefits given to them by the government. "To develop our industry sector, the government has given many facilities to our industries and industrialists should start making maximum use of them. As the facilitators of industry development of Sri Lanka, we thank Dr PB Jayasundara, the Secretary, Ministry of Finance and Planning for directly meeting our industrialists on 16 July and successfully explaining and updating them on the government policies on industries" said Rishad Bathiudeen, Minister of Industry and Commerce on 16 July in Colombo, as quoted in a press communiqués issued by the ministry.

Lankan business delegation in South Africa

Sun, 14 Jul 2013 00:00:00 +0000

The visit of a Sri Lankan business delegation to South Africa is a joint initiative of the Sri Lanka High Commission in Pretoria and the Sri Lanka Export Development Board (EDB) and Tea Board for the participation of Sri Lankan exporters at the SAITEX 2013 International Trade fair held at the Gallagher Convention Centre in Midrand from June 30 to July 2. Leading Sri Lankan companies - DSI Tyres, Kelani Cables, Rathna Cinnamon Producers and Exporters, Queens Workwear, Nature's Secrets and Lalan Rubber - exhibited at the Sri Lanka pavilion while Basilur Tea Exporters and Sunshine Tea Exporters were at the Tea Board pavilion at the exhibition.

Tunisia invites Lankan apparel suppliers for a joint venture

Sat, 13 Jul 2013 00:00:00 +0000

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.

Lanka rejuvenates a crucial export setup

Fri, 12 Jul 2013 00:00:00 +0000

“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 opportunities in export food processing

Thu, 11 Jul 2013 00:00:00 +0000

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.

EDB to develop medical, health tourism

Tue, 02 Jul 2013 00:00:00 +0000

The Export Development Board (EDB) has identified the potential growth of global Medical Tourism sector and capability of Sri Lankan medical and health tourism providers. EDB has requested assistance of International Trade Center (ITC) to develop this sector. Accordingly ITC decided to have a case study in Sri Lanka health /medical tourism sector to access the capabilities of Sri Lanka in this sector and to benchmark Sri Lankan capabilities compared to the global Medical Tourism Industry.

Expo Pakistan 2013 opens in Sri Lanka

Thu, 27 Jun 2013 00:00:00 +0000

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 to boost SL’s banana exports

Wed, 26 Jun 2013 00:00:00 +0000

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.

Lanka, Eu trade on the rise

Mon, 24 Jun 2013 00:00:00 +0000

As bilateral trade volume closes in on the crucial $ 5Bn mark, historic dialogue between Sri Lanka and the European Union appears to bolster even further. “We look for better trade levels and also thank EU for its on-going support,” said Rishad Bathiudeen, Minister of Industry and Commerce. Minister Bathiudeen was addressing Ambassador Bernard Savage (Head of the Delegation to Sri Lanka and the Maldives from the European Commission) on 20 June during Amb. Savage’s farewell courtesy call on Minister Bathiudeen at the EDB premises, Colombo.

Processed food exports top $ 73 m

Sun, 23 Jun 2013 00:00:00 +0000

“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.

Rishad, top Washington scientist start Lanka’s first Food Compliance

Wed, 19 Jun 2013 00:00:00 +0000

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.

‘More Americans looking for Lankan spiced food’ – Dr Rasco

Wed, 19 Jun 2013 00:00:00 +0000

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.

Sri Lanka cinnamon exporters required to adhere to specifications

Sat, 15 Jun 2013 00:00:00 +0000

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.

Sri Lanka, Austria talks on development projects

Thu, 13 Jun 2013 00:00:00 +0000

The growth of bilateral trade between Sri Lanka and Austria, despite the economic recession in Europe and the steady increase in direct foreign investment from Austria augur well for the future of relations between Sri Lanka and Austria, External Affairs Minister Professor G L Peiris said. He said this during a meeting on Tuesday with Austria's Vice Chancellor (Deputy Prime Minster) and European and International Affairs Minister Dr Michael Spindelegge at the Foreign Ministry in Vienna. The ministers noted that Austrian companies are showing increasing interest in bidding for major infrastructure development projects, while others have already undertaken construction projects in Sri Lanka, including the Greater Colombo sewerage system rehabilitation project.

Sri Lanka exports 2% of world’s ornamental fish supply

Wed, 12 Jun 2013 00:00:00 +0000

Minister of Industry and Commerce of Sri Lanka Rishad Bathiudeen yesterday revealed that Sri Lanka have more than 2% share of the global ornamental fish market which is around US$ 340 million. “We are also now recognised as one of the best ornamental fish suppliers to the international market.” Bathiudeen was addressing the press briefing held at the Export Development Board (EDB) to announce Sri Lanka’s strong achievements at the AQUARAMA 2013 event in Singapore. More than 300 competitors from 10 countries, submitting 1,350 entries, were taking part in the highly competitive AQUARAMA 2013 international ornamental fishery event held in Singapore from 28 May to 2 June. Seventeen Sri Lankan firms, facilitated and sponsored by EDB, competing in the event won 30 awards, which was symbolically re-awarded by Minister Bathiudeen with his praise, yesterday.

Nestlé Lanka VP takes over as EDB Chairman

Tue, 11 Jun 2013 00:00:00 +0000

A corporate affairs and communications professional from one of the world’s largest food and beverage multinationals has been appointed as the new Chairman of the Export Development Board (EDB) of the Ministry of Industry and Commerce. Minister of Industry and Commerce Rishad Bathiudeen yesterday appointed Nestlé Lanka PLC Vice President of Corporate Affairs and Communication Bandula Egodage to the helm of EDB. He will continue in his permanent position at Nestle Lanka. The new appointment follows the resignation of Janaka Ratnayake late last year.

Sri Lanka Economic Summit from July 9-11

Sat, 08 Jun 2013 00:00:00 +0000

The 14th annual Sri Lanka Economic Summit which scheduled to be held from July 9-11, 2013 in Colombo will have one of its sessions discussing about Sri Lanka's export strategy. The Government policy framework has targeted to raise the rate of growth in exports to double that of GDP growth, but exports as a % of GDP have halved from year 2000 to 2012. The share of exports of Sri Lanka as a percentage of world exports has also declined over the years to reach 0.06% by 2011. The basket of merchandise exports from Sri Lanka as well as our exports markets have remained largely unchanged over the last few decades. The foregoing situation and change in the global economic scenario, with Asia gaining ground over the West, require us to rethink our export strategy given the importance of exports to a small economy targeting to achieve sustained high economic growth in the future.

Sri Lanka: Promising Business Destination

Tue, 28 May 2013 00:00:00 +0000

External Affairs Minister Professor G.L. Peiris was the principal speaker at the event “Sri Lanka: Promising Business Destination” organized in Beijing on Tuesday at the Intercontinental Hotel by the Embassy of Sri Lanka and the Export Development Board. Professor Peiris explained to the leading Chinese investors and representatives of the corporate sector of China present at the event, the main advantages which Sri Lanka is able to offer today, as a destination for investment and trade. Key officials of the China Council for the Promotion of International Trade participated in the event. One of the salient features of this programme was the emphasis on matching arrangements between Sri Lankan and Chinese companies for the purpose of increasing volumes of trade between the two countries.

Sri Lanka sees 10.3% industry surge in 2012

Mon, 20 May 2013 00:00:00 +0000

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 .

'Get Sri Lankaned' campaign in Mumbai

Fri, 17 May 2013 00:00:00 +0000

Sri Lanka Tourism Promotion Bureau has announced that its second mega joint promotional campaign, 'Get Sri Lankaned', will be held in Mumbai from May 17-20, 2013. The campaign, which aims to showcase Sri Lanka as a tourist destination for Indians, was first held in Bengaluru earlier this year. The announcement was made by Bashwara Gunarathna, Chairman, Sri Lanka Tourism, along with Muthu Sivalingam, Deputy Minister of Economic Development, Government of Sri Lanka and Sanath Jayasuriya, Member of Parliament, Sri Lanka and Brand Ambassador of Sri Lanka Tourism, at a press conference. The campaign is scheduled to cross over to Delhi, Hyderabad, Kochi and Ahmedabad in the next few months. Get Sri Lankaned will begin with a press conference and will be followed by 'Sri Lanka Night', which will see participation from Indian film and sports celebrities, and will include a Sri Lankan Cultural Show and food festival.

Release of handbook on the “India-Sri Lanka Free Trade Agreement”

Wed, 15 May 2013 00:00:00 +0000

A Handbook on the India-Sri Lanka Free Trade Agreement was released on 15 May 2013 by Rishad Bathiudeen, Minister for Industry and Commerce, Government of Sri Lanka and Ashok K. Kantha, High Commissioner of India. The handbook was brought out by the High Commission of India in collaboration with the Institute of Policy Studies, Sri Lanka. Mr. Anura Sirwardena, Secretary, Ministry of Industry & Commerce, Mr. Saman Kelegama, Executive Director, Institute of Policy Studies, Mr. Vish Govindaswamy, President, India-Sri Lanka Chamber of Commerce and Industry (ISLCCI), Dr. Indrajith Coomaraswamy, Director, Pathfinder Foundation, Mr. Sunil G. Wijesinha, President, National Chamber of Commerce, Mr. P. Kumaran, Deputy High Commissioner, Mr. Manish, Economic & Commercial Counsellor, members of Indo-Sri Lanka Chamber of Commerce & Industry, representatives of various business houses, India CEOs, officials from government departments and media representatives participated in the event

International Conference on Economic Development

Wed, 15 May 2013 00:00:00 +0000

An International Conference on Economic Development, Joint Venture Partnerships and Eco Tourism has been organized by the Business and Professional Women Sri Lanka from August 10 to 12 at the BMICH. Speaker Chamal Rajapaksa, Water Supply and Drainage Minister Dinesh Gunawardena, Economic Development Minister Basil Rajapaksa, Investment Promotion Minister Lashman Yapa Abeywardena and Board of Investment (BOI) Chairman Dr Lakshman Jayaweera are to participate in this event as chief guests. The main objective of the conference is to form joint venture partnerships in business, commerce, infrastructure development, tourism and information technology. The conference facilitates business to business opportunities amongst the participants in coordination with the BOI, Export Development Board, Sri Lanka Tourist Board and other relevant authorities.

International Food & Drink Exhibition - 2013

Fri, 15 Mar 2013 00:00:00 +0000

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.

Gulfood 2013 - Dubai, UAE

Mon, 25 Feb 2013 00:00:00 +0000

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