Category: Trade
Sri Lanka’s EDB to tap Canadian market through increased connectivity
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 […]
Sri Lanka, Pakistan trade drops by USD100mn in 2014
Jun 08, 2015 (LBO) – The newly appointed Pakistani High Commissioner to Sri Lanka, Syed Shakeel Hussain has expressed concerns over the decrease in trade between the two countries by 100 million US dollars, a statement said. “This is a saddening thing, especially in the backdrop of a Free Trade Agreement existing between the two […]
Ornamental Fish Exports +17% in 2014; Highest ROI In Export Sector
Jun 04, 2015 (LBO) – Sri Lanka’s ornamental fish exports has grown 17 percent in 2014 with the sector showing the highest return on investment in the country’s exports, a senior official said in a statement.“The ornamental fish sector has a great promise for exports growth,” Bandula Egodage, Chairman, Export Development Board said in a […]
Sri Lankan businesses should be cautious when entering Asian markets: Business Executive
May 25, 2015 (LBO) – Sri Lankan businesses should navigate and set up a clear focus before entering Asian markets, a local business executive stressed.Chief Executive Officer of Ceylon Biscuits, Imal Fonseka speaking at the LBR LBO CEO forum said Sri Lankan companies need to figure out ways to reach out to the Asian consumer.“We […]
Sri Lankan businesses should look at CEPA as a compliment not substitute: Economist
May 22, 2015 (LBO) – Sri Lankan businesses should look at the extension of the Comprehensive Economic Partnership Agreement (CEPA) as a compliment to their businesses and not as a substitute, a senior economist said. Razeen Sally, an Associate Professor of Singapore Lee Kuan Yew School speaking at the LBR LBO CEO forum called local […]
Swiss GSP facility is underutilized by Lankan exporters: Envoy
May 21, 2015 (LBO) – Sri Lankan exporters are currently underutilizing the Swiss GSP facility given to the country, a Swiss envoy said. Livia Leu, Ambassador Delegate of the Federal Council for Trade Agreements of Switzerland who visited the Ceylon Chamber of Commerce this week asked Sri Lankan exporters to take maximum use of their […]
Sri Lanka needs to export, export and export: Ravi K
May 20, 2015 (LBO) – Sri Lanka’s new rulers said that the country needs to focus on exporting more products and services as the government’s strategy is to develop the local export market to be able to compate in the international areana. “Our thrust is to ensure that we have exports, exports and more exports,” […]
Sri Lanka and Russia to maintain strong bonds and expand bilateral cooperation
May 08, 2015 (LBO) – Sri Lanka and Russia should continue to maintain their strong friendship and close bilateral ties, irrespective of international trend,President Maithripala Sirisena had said.This was discussed when Ambassador of Russia to Sri Lanka, Alexander A Karchava, called on the President at the Presidential Secretariat on Thursday (May 07), the president office […]
Sri Lanka to pursue CEPA only if advantageous to us: Minister
Apr 30, 2015 (LBO) – Sri Lanka will go ahead and sign the Comprehensive Economic Partnership Agreement (CEPA) with India only if it is deemed beneficial to us, Harsha de Silva, Deputy Minister of policy planning and economic development said.“We have to be convinced that this agreement is beneficial to Sri Lanka.I don’t represent the […]
‘s new rulers confident of regaining GSP Plus next year: Harsha de Silva
Apr 30, 2015 (LBO) – Sri Lanka’s new administration is confident about retrieving the GSP plus trade concessions by mid or late next year, Harsha de Silva, Deputy Minister of policy planning and economic development said. “We are trying to get GSP plus back and I am very happy to report to you that we […]
Sri Lanka’s FTA with India; an opportunity not a threat: Ceylon Chamber of Commerce
Apr 27, 2015 (LBO) – Sri Lanka’s free trade agreement with India should be extended to services and investment deepening the existing FTA on the trade in goods, the Ceylon Chamber of Commerce said. “There is a strong case for giving high priority to building upon the existing Indo Sri Lanka FTA; completing the FTA […]
Sri Lanka raises import duties of potatoes and onions to protect local farmers
Apr 25, 2015 (LBO) – Sri Lanka’s import duties on potatoes and big onions have been increased, the Finance Ministry said in a statement. The import duty of one kilogram of potatoes has been increased from 40 rupees to 55 rupees while the import duty of big onions has been increased from 10 rupees to […]