June 19, 2015 (LBO) – Sri Lanka’s Export Development Board (EDB) has partnered with the Trade Facilitation Office of Canada to enhance EDB’s capacity to assist small and medium sized exporters.
The Canadian market access and capacity building services program includes Canadian market familiarization tours, market entry study and training programs, the Canadian High Commission said in a statement.
Sri Lankan exporters will also be able to access information about the Canadian market while increasing the connectivity between Canadian importers and associations with Sri Lankan exporters.
“Through this agreement, Canada will work with the EDB to strengthen and build capacity of SME’s in Sri Lanka, a key, if not essential, driver of economic growth” the Canadian High Commissioner Shelley Whiting said.
Merchandise trade volume between Sri Lanka and Canada in 2014 was 481 million US Dollars.
Total exports from Canada are valued at 310 million US Dollars, with nearly 92 percent constituting wheat and lentils.
Sri Lankan exports to Canada are primarily apparels and rubber products totaling 171 million US Dollars in 2014.
The Export Development Board of Sri Lanka is the premier state organization mandated to promote and develop Sri Lankan exports.