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Awareness webinar on exporting merchandise to Australia

2021-06-16

Awareness webinar on exporting merchandise to Australia

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.

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EDB plans revision to 2021 export target

2021-05-24

EDB plans revision to 2021 export target

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’.

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Sri Lanka’s Export Performance January - April 2021

2021-05-20

Sri Lanka’s Export Performance January - April 2021

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.

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EDB supports exporters to continue operations during latest travel restrictions and lockdowns of certain areas in the country

2021-05-15

EDB supports exporters to continue operations during latest travel restrictions and lockdowns of certain areas in the country

The Sri Lanka Export Development Board (EDB) has made arrangements to facilitate export-oriented industries based on the circulars issued by the Government Health Authorities to continue operations of their activities during lockdown of specific areas in the country and inter-provincial travel restrictions subject to stringent health regulations.

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Sri Lanka’s Export Performance January - March 2021

2021-04-28

Sri Lanka’s Export Performance January - March 2021

Sri Lanka surpassed $ 1 billion exports in March 2021 after a lapse of six months period. As per the Customs statistics, earnings from merchandise exports recorded double digit growth of 62.47% in March 2021 on y-o-y comparison – the March figure being US$ 1,066.1 Mn.

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Continuous growth in exports in February 2021 amidst multiple challenges

2021-03-23

Continuous growth in exports in February 2021 amidst multiple challenges

Sri Lanka’s export earnings registered a growth of 2.52% with US$ Mn 993.73 in February, compared to the previous year, maintaining the growth momentum recorded during the last five months as per the provisional statistics released by Sri Lanka Customs. This is the highest export figure recorded for the month of February during the last five-year period.

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Sri Lankas Earnings from Exports reached to US$ 908.07 Mn in January 2021

2021-03-08

Sri Lankas Earnings from Exports reached to US$ 908.07 Mn in January 2021

Hon. Bandula Gunawardana, Minister of Trade urged the whole stakeholders to actively engage in assisting all exporters of the country in every possible manner during this turbulent period enabling exporters to strengthen our economy.

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EDB Chief spells out measures to aim for $ 16 b goods and services exports in 2021

2021-02-16

EDB Chief spells out measures to aim for $ 16 b goods and services exports in 2021

Sri Lanka Export Development Board (SLEDB) new Chairman Suresh de Mel this week expressed confidence of giving the best shot at realising a near $ 16 billion target for 2021 despite domestic and global challenges. This confidence stems from a plethora of new initiatives as well as fine-tuning existing endeavours to develop and boost exports.

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EDB forecasts near $ 16 b total exports in 2021

2021-02-15

EDB forecasts near $ 16 b total exports in 2021

The Sri Lanka Export Development Board (EDB) is forecasting a performance of $ 15.68 billion in merchandise and service shipments in 2021.

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2020 marks a successful year for Sri Lanka exports

2021-01-20

2020 marks a successful year for Sri Lanka exports

The US$ 13.5 billion export target set for merchandise export sectors in early 2020 remains challenging, requiring not only strong efforts from local enterprises, but also the recovery of global demand amid complicated Covid-19 situation. Amid severe impacts of the Covid-19 pandemic, Sri Lanka’s merchandise exports remain at US$ 9.9 billion in 2020, which is a 104 % achievement from the revised forecast of US$ 9.5 billion.

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Exports: A National Priority

2020-04-19

Exports: A National Priority

Following our statement last week, the EDB strengthens our clarion call to understand that exports are now our nation’s number one priority. As the COVID-19 crisis intensifies across the globe, we at the EDB have taken a strong stance and realized that it is the export sector that will get Sri Lanka through this crisis. During these times of unparalleled circumstances, we see a large impact on Sri Lanka’s foreign direct investment, our tourism sector and our country’s overall economic standing. Therefore, we ask other government agencies to recognize and support the export sector during this time. For all exporters, it is imperative to take immediate action. The foreign exchange that we bring in through the export sector is essential in our efforts to survive this crisis as a nation.

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A Clarion Call to Exporters; Commence All Exports!

2020-04-10

A Clarion Call to Exporters; Commence All Exports!

It’s a difficult moment for the world. We are fighting the coronavirus pandemic whilst our nation’s exporters have been facing challenging times for the past two months. The EDB requests that now more than ever, the time has come for us to prepare our businesses to stay up and running. As a nation, we are no stranger to disaster, having faced our fair share of adversity. We are confident that we will weather this storm and as we have done in the past, Sri Lanka will emerge stronger than ever and continue focusing on our main goal - recommencing exports, restoring them to their former level and increasing them.

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EDB cuts 2020 export target by $ 7.75 b on COVID-19 worries

2020-04-06

EDB cuts 2020 export target by $ 7.75 b on COVID-19 worries

Considering the unprecedented disruption to the global economy and trade due to the COVID-19 pandemic, the Export Development Board has revised its 2020 exports forecast by a hefty 42% to $10.75 billion.

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Relief to exporters to overcome covid-19 crisis

2020-03-30

Relief to exporters to overcome covid-19 crisis

The Central Bank on 27th March 2020 announced a series of wide-ranging financial concessions to alleviate the hardships businesses are facing owing to the impact of Covid-19. The concessions are applicable to the entire gamut of organisations ranging from large corporate to self-employed individuals, and particularly to export-related enterprises. The Sri Lanka Export Development Board (EDB) took the initiative in bringing the severity of the crisis situation the business community, particularly the export sector, is facing and the dire need to give relief, to the notice of the Central Bank and other key Government stakeholders.

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Sri Lanka Customs Offers a Window of Concession to Exporters During Corona Outbreak

2020-03-23

Sri Lanka Customs Offers a Window of Concession to Exporters During Corona Outbreak

Sri Lanka Customs has taken immediate steps to assist the exporters whose export of products have been delayed by the corona outbreak to export products that have been produced and prepared for exportation as well as goods that are essential and urgently required to be exported to respective countries.

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Export Performance - January 2020 - EDB

2020-03-04

Export Performance - January 2020 - EDB

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.

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Export promotion efforts doubled by EDB in 2019

2020-02-13

Export promotion efforts doubled by EDB in 2019

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.

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EDB Chief wants export boom to be everyone’s priority

2020-01-31

EDB Chief wants export boom to be everyone’s priority

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.

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Programme for SME Craft Manufacturers Engaged in Giftware and Lifestyle Products in Philippines

2019-11-12

Programme for SME Craft Manufacturers Engaged in Giftware and Lifestyle Products in Philippines

The Sri Lanka Export Development Board (EDB) is implementing a programme to develop 2000 entrepreneurs to become exporters by 2020 at regional level with the objective of encouraging domestic enterprises to invest in export industries to achieve the overall export target US $ 28 billion in 2022.

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‘Sri Lanka: A Proud Heritage of Craftsmanship’ at Manila FAME 2019

2019-10-30/ http://www.ft.lk/business/Sri-Lanka-A-Proud-Heritage-of-Craftsmanship-at-Manila-FAME-2019/34-688626

‘Sri Lanka: A Proud Heritage of Craftsmanship’ at Manila FAME 2019

The Embassy of Sri Lanka in Manila, in cooperation with the Sri Lanka Export Development Board, participated at the Manila FAME 2019 from 17-19 October at the World Trade Centre, Pasay City, Philippines. The delegation comprised 14 members who represented the handicraft, home decor, and lifestyle industry of Sri Lanka.

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