Sri Lanka's Apex Organisation for Export Promotion
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.
The Export Development Board (EDB) raised concerns on the shortage of containers as a result of multiple global supply chain bottlenecks.
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.
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.
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”.
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.
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.
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.
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 is bracing to re-enter the $ 15 billion Chinese seafood market following a resolution of issues connected to mandatory health certification.
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 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.
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.
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.
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.
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 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 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 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.
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.
