quote s export development agency is putting together an action plan to push annual export growth in to double digits.rn
rnThe Export Development Board says the five-year plan will look at eight strategic areas to drive growth. The board is hoping to drive the exports sector to grow at 13 percent annually.rn
rnldblquote In a rapidly changing business environment formulation of a national export strategic is important,
dblquote says Chairman of the Board Ratna Sivaratnam.rn
rnldblquote It helps to establish a national competitive framework to deal with border-in border-out challenges, create an export culture and a national consensus and develop new export ventures.
rnThe new strategy includes plans to segment local exporters based on profitability to provide segment specific support.rn
rnIn addition, the EDB plans to encourage export of branded and value added niche products. rn
rnldblquote Private and public partnership is fundamental to our approach for both strategy deve