Exclusive Myanmar gem zone for Sri Lanka

Daily Finance Times - 17/03/2014

Sri Lanka’s gem mining industry is set to turn a new chapter as Myanmar has invited the country for unprecedented cooperation efforts across many sectors. “I am pleased to say that the follow-up delegation as a result of President Mahinda Rajapaksa’s visit to BIMSTEC in Myanmar has reaped great success. I am quite confident that, with this initiative, we could establish new industries both local and foreign, to enable us to generate huge employment opportunities locally and overseas, in addition to development of exports of Sri Lanka,” revealed Deputy Minister of Industry and Commerce Lakshman Wasantha Perera.

Deputy Minister Perera was speaking in the aftermath of his ministerial meetings with members of the Myanmar Cabinet in Myanmar.  Deputy Minister of Industry and Commerce Lakshman Wasantha Perera led the 15 member strong Sri Lankan delegation to the Myanmar Construction Summit held in the country’s capital city Naypyidaw.

China starts first Sri Lanka value chain study

Daily Nation - 12/03/2014

Sujatha Weerakoon, Director General, EDB-far right, addresses Peng Jinhuo, Division Head of Inspection and Quarantine Authority (seated front row, far right in brown outfit)

Strengthening bilateral trade cooperation further, China’s powerful official organ in charge of import commodity inspections, has despatched its first expert study team to Sri Lanka, signalling that China is opening for Sri Lanka’s agro-exports.

The official quarantine study team from the powerful official organ in charge of import commodity inspections, Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (ADSIQ-China) has arrived in Sri Lanka on 05 February and begun work on 06 February, by liaising with the EDB. The three member team is scheduled to return to China on 12 March.

‘75% of our exporters are SMEs’

The Island - 14/03/2014

Sujatha Weerakoon (DG-EDB-far left) addresses the audience at EDB facilitated Internationalisation of SMEs session by PUM Netherlands senior experts on March 14. Seated at head table (at centre) is Dutch Tech Transfer Expert Cees Van Dijl.

SMEs are the backbone of our economy and more importantly, they are at the level of exports too! "Of the more than 4000 of Sri Lankan export firms, 75% are SMEs. Therefore we have a huge responsibility to groom them to become large scale export firms" said Sujatha Weerakoon (DG-EDB).

DG-EDB Weerakoon was addressing the EDB facilitated "Internationalisation of SMEs session by PUM Netherlands senior experts" session held at EDB on March 14.

China starts Sri Lanka agro value chain studies

The Island - 13/03/2014

Fujian, China’s emerging high growth province, is eager for more Sri Lankan exports to its demanding marketplace-and a visiting delegation to Colombo pushed for direct links with Lankan businesses on 06 March in Colombo. "Sri Lanka has been rebuilt as the pearl of the Indian Ocean. And I agree with you that both sides can mutually benefit in many sectors of cooperation, including trade. In fact, we want Sri Lanka – Fujian trade to grow in Sri Lanka’s favour" said a keen (HE) Song Kening (Director-General of Fujian Provincial Foreign Affairs) on 06 March in Colombo.

Director-General Kening was addressing the Sri Lankan business team led by Bandula Egodage (Chairman/CEO, EDB) along with Dr Yousuf Maraikkar (ED, EDB), Sujatha Weerakoone (DG, EDB) and EDB sectoral representatives on 06 March at EDB premises, Colombo.

China’s Fujian business delegation in town

Daily Nation - 07/03/2014

Bandula Egodage, Chairman/CEO, EDB-right, meets Song Kening, Director-General of Fujian Provincial Foreign Affairs-seated next to Mr Egodage

Visiting business delegation from China’s emerging high growth province Fujian has shown interest in more Lankan exports into its demanding marketplace and has pushed for direct links with Lankan businesses.

“Sri Lanka has been rebuilt as the pearl of the Indian Ocean. And I agree with you that both sides can mutually benefit in many sectors of cooperation, including trade. In fact, we want Sri Lanka – Fujian trade to grow in Sri Lanka’s favour” said Director-General of Fujian Provincial Foreign affairs Kening addressing the Sri Lankan business team led by Bandula Egodage, Chairman/CEO, EDB along with Dr Yousuf Maraikkar ,ED, EDB, Sujatha Weerakoone DG, EDB and EDB sectoral representatives.

Sri Lanka German trade tops US$ 852 mn

Daily News - 10/03/2014

A visitor making enquiries at the Sri Lankan ITB stand 

Sri Lanka German trade has hit record heights last year with the total trade turnover exceeding US$ 852 million.

G. L. Gnanatheva, First Secretary (Commercial) Sri Lankan Embassy in Germany said that total trade turnover was in the excess of US $ 771million. In 2012 Sri Lanka exported goods to Germany to the tune of US$ 452 million while German exports to Sri Lanka stood at US$ 319

Cinnamon exports rise by 6.4% to $ 129.5 mn

Daily News - 03/03/2014

Bandula Egodage (Chairman/CEO, EDB-at centre) with Dr Yousuf Maraikkar (ED, EDB-left) and Sujatha Weerakoone (DG, EDB-right)

Ceylon Cinnamon, which is Sri Lanka’s second global brand, has secured its trademark in two more leading markets-with one more country application in the registration process. ”I commend the EDB’s Agro division for their efforts on this initiative” said Bandula Egodage (Chairman/CEO, EDB) on 27 February in Colombo.

Chairman Egodage was addressing the monthly review meeting of EDB last week when he was informed by EDB’s agro division of the latest development on Ceylon Cinnamon.