Sri Lanka's Apex Organisation for Export Promotion
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 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.
2018-10-23/ http://www.dailynews.lk/2018/10/23/business/166281/govt-introduces-b2c-direct-transaction-under-e-commerce
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.
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.
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.
The 16th Exporters Forum chaired by International Trade State Minister Sujeewa Senasinghe was held on 16/10/2018 at the Export Development Board auditorium.
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.
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.
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.
2018-10-05/ http://www.dailynews.lk/2018/10/05/business/164603/import-promotion-desk-germany-partner-edb
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.
2018-10-04/ http://www.dailynews.lk/2018/10/04/business/164442/edb-organizes-technical-training-program-malaysia
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.
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.
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.
Following is the address by Minister Malik Samarawickrama at the Presidential Export Awardson 18 September
2018-09-18/ http://www.ft.lk/business/8-Lankan-firms-under-EDB-banner-at-Texworld-Apparel-Sourcing-Paris/34-663018
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.
2018-09-09/ /blog/polish-push-for-local-boat-building-industry.html http://www.sundayobserver.lk/2018/09/09/business/polish-push-local-boat-building-industry
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.
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.
2018-08-28/ http://www.dailymirror.lk/article/EDB-relaunches-start-up-project-to-support-IT-BPM-industry-to-reach-US-bn-export-target-154629.html
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.
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 (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.
