Sri Lanka's Apex Organisation for Export Promotion
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.
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.
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.
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.
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.
The Export Development Board has taken an initiative to enhance the efficiency and effectiveness of EDB Services delivering satisfaction to all customers.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
