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