Sri Lanka's Apex Organisation for Export Promotion
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.
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.
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.
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.
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.
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.
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.
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’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.
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 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.
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.
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.
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.
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.
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 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.
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.
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.
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.
