Sri Lanka's Apex Organisation for Export Promotion
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.
In a significant move towards economic advancement, Sri Lanka has initiated the process of revitalizing its existing Export Strategic Plan (National Export Strategy 2018-2022). The endeavor, spearheaded by the Sri Lanka Export Development Board (EDB) in collaboration with the Ministry of Investment Promotion, has obtained technical support from the International Trade Center (ITC) based in Geneva. Mr. Charles Roberge, Senior Officer, Trade Strategy and competitiveness, ITC visited Sri Lanka from October 16th to October 18th on this purpose. During the visit, the ITC expert had the opportunity to meet the representatives of Associations, Chambers, Advisory Committees and policy makers of the Government.
The pharmaceutical Sector has been identified as one of the promising and emerging sectors in Sri Lanka, not only to be developed as an import substitution industry but also as an export oriented industry which could earn and save foreign currency.
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.
Sri Lanka’s control body for organic agriculture - the National Organic Control Unit (NOCU), operating under the aegis of the Sri Lanka Export Development Board (EDB), has taken a significant step towards promoting and regulating Sri Lanka's organic agriculture sector with the launch of its official website - www.nocu.lk.
Export Development Board (EDB) has identified value added Mineral products sector as a potential sector to be developed and promoted in the international market. Sri Lanka possesses a wealth of industrial minerals that can be processed and transformed into value-added products. This value addition can create higher-value exports, generate more employment opportunities, and contribute to the country's economic growth.
Sri Lanka’s Gem & Jewellery sector has a vast potential to increase foreign exchange earnings to achieve the export targets and the sector is identified as one of the key foreign exchange earners in the country.
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 Ceylon Cinnamon GI Association, a prominent advocate for preserving the authenticity and heritage of Ceylon Cinnamon, successfully convened its inaugural Annual General Meeting (AGM) on August 4th The event took place at the elegant Balmoral hall of The Kingsbury Hotel and was attended by a diverse assembly of over 200 participants representing various sectors of the cinnamon industry.
The National Packaging Centre (NPC) has permanently been established in the Sri Lanka Export Development Board (EDB) premises to support the growth of the local manufacturing industry in Sri Lanka.
The EU Commission by the implementing regulation - (EU) 2022/144, has entered the name ‘Ceylon Cinnamon’ to the register of Protected Designations of Origin and Protected Geographical Indications (Ceylon Cinnamon PGI) with effect from 2nd February, 2022.
The Sri Lanka Export Development Board (EDB) conducted a commemorative ceremony on 2nd August at its head office premises in Colombo to mark its 44th anniversary under the patronage of EDB Chairman Dr. Kingsley Bernard.
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.
The latest edition provides statistical information related to Sri Lanka’s external trade and its contribution to major economic indicators such as trade balance, GDP, individual sectoral involvement, export regions per each product, their market growth and projected export forecast for the year 2022 and minimum five preceding years.
The Export Development Board (EDB) Advisory Committee on Gems, Diamonds & Jewellery sector has emphasized the importance of making Sri Lankan Gem & Jewellery traders more competitive and simplifying policy measures during the 7th Advisory Committee Meeting held recently.
Sri Lanka Export Development Board (EDB) in collaboration with the Swiss Import Promotion Programme (SIPPO) is organizing a webinar series on the opportunities available in the Swiss and European markets for Value Added Textiles, Fish & Seafood and Processed Food for the Sri Lanka’s exporters/ potential exporters.
An official delegation from Israel met the senior EDB officials on 29th June and had a fruitful discussion to explore avenues to promote trade and economic cooperation between Israel and Sri Lanka.
The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Embassy in Thailand, facilitated the visit of six Sri Lankan companies to ProPak Asia 2023. The 6 member delegation
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.
