Exports in Sri Lanka: January 2014

Footwear & Leather Fair from 7 to 9 February at BMICH

Daily Mirror - 30/01/2014

The Sri Lanka Export Development Board (EDB) together with the Ministry of Industry & Commerce, Industrial Development Board and the Sri Lanka Footwear and Leather Products Manufacturers Association (SLFLPMA) will provide a platform for Sri Lankan footwear and leather product exporters, manufacturers and SMEs’ to showcase their talents and capabilities locally and globally by organising the 6th Footwear and leather Fair 2014 from 7 to 9 February 2014.

Footwear and Leather industry contributes a considerable share to the country’s exports earning and shown a remarkable growth during this year. In addition, footwear manufacturers cater to more than 50% of the local market requirement, minimising imports of such items.

Apparel exports top US$ 4.3 bn in 2013

Daily News - 31/01/2014
By Diresh Jayasuriya

Apparel exports in 2013 have reached an all time record of US$ 4.3 billion compared with US$ 3.8 billion in 2012," said Joint Apparel Association Forum (JAAF) acting Chairman Noel Priyatilleke.

Speaking at the JAFF 10th Annual General Meeting he said that nevertheless, the challenge ahead of us is not only to sustain this business but also to grow because the Government expects Sri Lankan apparel, tea and rubber to fetch a turnover of US$ 10 billion by 2016 and Sri Lankan apparel has also to be among the first ten apparel exporter countriesof the world by 2020.

The time has come for us to explore all possible avenues to reach this target and I do believe that Sri Lankan apparel can achieve it, because of the visionary leadership given by the stalwarts of our industry coupled with the business friendly environment created by our Government. Let us get together to perform this task.

Cinnamon To The World

' Cinnamon To The World' event streaming live on "www.cinnamontotheworld.com/events.php" at 3.00 p.m. Sri Lankan Time

Biz delegation from Hong Kong to visit SL in April

Lanka Business Today - 25/01/2014

In a new breakthrough after a year from the first ever successful Hong Kong-Sri Lanka biz MoU in 2013, some Hong Kong based manufacturers are now looking to move factories to Sri Lanka and a high powered biz delegation from HK is now scheduled to arrive in early April.

”The first ever business development MoU between Hong Kong Trade Development Council (HKTDC) and the Export Development Board (EDB) was a tremendous success and some Hong Kong based manufacturers are looking to move factories to Sri Lanka. A delegation led by none other than the Deputy Executive Director of HKTDC Ms Margaret Fong is scheduled to arrive in early April for the next level in this process. Some HK manufacturers have already expressed interest to set up production in Sri Lanka, especially in garment and food, as well as handicraft and sunshine industries. Tentatively, there will be 20 delegates from 15 companies in the forthcoming delegation. We are also helping some Sri Lankan exporters to find HK markets and importers,” said Sunny Chau, Regional Manager, HKTDC Southeast Asia and India, on January 21 in Colombo.

More than 800,000 metric tons of fruits, veggies by Lanka

The Island - 24/01/2014
By Don Asoka Wijewardena

Sri Lanka produces more than 800,000 metric tons of fresh fruit and vegetables annually while around 90 per cent of her processed food is being exported to the European Union market.

In addition, Sri Lanka is utilizing improved techniques in crop cultivation, especially under poly tunnels. Optimum input application, pest and disease control, post-harvest management and quality packaging are other features of our food production sector, Export Development Board Directoress Jeevani Siriwardena said.She was addressing joint talks between Maldives and Sri Lankan business delegations earlier this week.

Exports surge by 6.2% in 2013

The Island - 23/01/2014

Rishad Bathiudeen Minister of Industry and Commerce- (right) and Bandula Egodage Chairman-EDB, (left) upbeat on latest good news.

Sri Lanka’s exports, which suffered a YoY decline of 7% in 2012, returned with a bang in 2013 posting a 6.2% surge. "I and EDB thank our exporters for their commitment for this strong performance" a Ministry of Industry and Commerce press release quoted Minister of Industry and Commerce Rishad Bathiudeen as saying.

The release adds: ‘Minister Bathiudeen was acknowledging the latest provisional annual export performance numbers briefed to him by his officials on January 22 in Colombo.

‘According to the latest provisional figures by the EDB, 2013 cumulative exports earnings stood at $ 10379.94 Mn, growing by 6.2% from 2012’s annual export revenues of $ 9773.63 Mn.

Lanka coir now used by Mercedes Benz -EDB

The Island - 23/01/2014

Sri Lankan coir has grabbed the attention of a leading global automotive firm. "I am happy to say that our coir is now used by Mercedes Benz. This is the first time we learn that our coir have gone to such high levels" said a pleased Sujatha Weerakoone, Director General of EDB on January 22.

EDB Director General Weerakoone was addressing "Exporting to Korea" event, organised and held at the EDB. The session was honoured by a 16 member strong South Korean undergrad delegation led by Prof. Bell C.J. Park of Myongji University, South Korea, who made a presentation. Also in attendance were more than 100 reps from various Sri Lankan exporters.

Korean University Students on Sri Lanka Tour

Asian Tribune - 23/01/2014

Myongji University in Korea in collaboration with the Korea International Cooperation Agency (KOICA) and the Embassy of Sri Lanka in Korea, will be sending a student delegation to Sri Lanka from 20th – 27th January, 2014.

The delegation consists of Professor Bell J.C. Park, a faculty member of the International Trade Department of the Business Administration College at Myognji University, and 15 university students whose major interest is international trade business.

Maldives-Sri Lanka, 'a unique friendship'

The Island - 23/01/2014
By Don Asoka Wijewardena

Head of the Maldivian delegation Quasim Ibrahim addressing business entrepreneurs at the Maldives-Sri Lanka interactive business session on Tuesday said that the Maldives and Sri Lanka had been enjoying a unique friendship born of traditional ties in ethnicity, language and culture. These bonds signified historical ties that date back hundreds of years. The relationship had been served well by geographic proximity, frequent travel and brisk trade.

The session was organized by the Sri-Lanka Maldives Bilateral Business Council in association with the Ceylon Chamber of Commerce and was held at the Hilton.

Tea exports revenue hit record high in 2013

nation.lk - 17/01/2014

Sri Lanka has achieved the highest ever revenue from tea exports in 2013 realizing a total revenue of Rs. 199.4 billion surpassing the previous best of Rs.180.4 billion in 2012, recent statistics from a leading tea brokerage firm showed. The record revenue was realized despite the island exporting lesser quantity of tea from January – December 2013 where cumulative tea exports totalled 319.6M/kgs, showing a marginal decrease of 0.28M/kgs vis-à-vis 319.9M/kgs of 2012.

Over 200 stalls at Footwear and Leather Fair in Feb.

Lanka Business Today - 11/01/2014

The sixth Footwear and Leather Fair is to be held from February 7 to 9 featuring over 200 stalls.

The event, organized by the Export Development Board (EDB), the Ministry of Industry and Commerce, Industrial Development Board and the Sri Lanka Footwear and Leather Products Manufacturers’ Association (SLFLPMA), is expected to provide a platform for Sri Lankan footwear and leather products exporters, manufacturers and Small and Medium Enterprises (SMEs) to showcase their talents and capabilities locally and globally.

Sri Lanka’s textile & garment exports surge 35% in Nov’13

Fibre2fashion - 09/01/2014

The textiles and garment industry turned out to be the leading driver of growth in the industrial sector in November 2013 for Sri Lanka, according to a press release issued by the Economic Research Department of the Central Bank of Sri Lanka.

Earnings from export of textiles and garments grew by 35 per cent year-on-year to US$ 491.4 million in November 2013, the Bank said in the press release.

“Export of garments to both the EU and USA, the major export destinations of garments, grew by 16.7 per cent and 58.7 per cent, respectively in November 2013, reflecting the recovery in those economies as well as seasonal demand,” the statement said.

Second largest SAARC partner hungry for Lankan exports, FTA trade

Asian Tribune - 09/01/2014

Rishad Bathiudeen (Minister of Industry and Commerce) discusses with His Excellency Maj Gen Qasim Qureshi (Pakistan High Commissioner to Sri Lanka) on 07 January in Colombo.

Sri Lanka’s second largest trade partner in SAARC is hungry for more Lankan exports in the coming year-while also closely looking at Sri Lanka’s sugar sector for entry! ”Pakistan’s new GSP with EU is an opportunity for Sri Lankan exporters and they can do more things. In fact, we should jointly explore whatever is possible within the rules and regulations of these new developments!” stressed an upbeat Major Genenral Qasim Qureshi (Pakistan High Commissioner to Sri Lanka) on 07 January in Colombo.

High Commissioner Qureshi was addressing Rishad Bathiudeen Minister of Industry and Commerce on 07 January during his new-year courtesy call on Minister Bathiudeen at the Ministry of Industry and Commerce premises in Colombo 03.

Pakistan's latest GSP with EU, opportunity for Sri Lankan exporters: Qureshi

Daily Mirror - 08/01/2014

Sri Lanka’s second largest trade partner in SAARC is looking for more Lankan exports in the coming year, while also eyeing Sri Lanka’s sugar sector entry,

”Pakistan’s new GSP with EU is an opportunity for Sri Lankan exporters, and they can do more things. In fact, we should jointly explore whatever is possible within the rules and regulations of t hese new developments, said Pakistan High Commissioner to Sri Lanka Major General Qasim Qureshi, addressing Industry and Commerce Minister Rishad Bathiudeen during his new-year courtesy call on the Minister.

EU, Lanka annual trade volume exceeds US$ 5 b

Daily News - 04/01/2014
By Chaminda Perera

Sri Lanka will continue to receive the benefit of the European Union (EU) GSP facility for another 10 years beginning from January this year, Industry and Commerce Minister Rishard Bathiudeen said yesterday.

He said the EU has been Sri Lanka’s largest trade partner next to the United States and the bilateral trade volume exceeds US $ 5 billion a year.

“Total trade between Sri Lanka and EU which was at US $ 3 billion in 2004 rose to US $ 4,946.18 million in 2012. Apparel, diamonds, tea and rubber products became the major export items,” he said.

‘Seven firms now in automotive assembly here’- Minister Rishad

news.lk - 02/01/2014

Export cess on rare earth/mineral sand were introduced to safeguard our industries –and no less than seven firms are now active in automotive assembly industry in Sri Lanka. “To safeguard domestic industries and to ensure a continuous supply of raw materials for local industries, we introduced exports cess on selected items. And seven companies have ventured into the automobile assembly industry with a local value addition exceeding 30%” said Rishad Bathiudeen, Minister of Industry and Commerce on 10 December.