This document provides a summary of export promotion activities by the Sri Lanka Export Development Board (EDB) during the COVID-19 pandemic. It discusses how the EDB has organized numerous online business-to-business meetings and webinars connecting Sri Lankan exporters with foreign buyers in markets like the Americas, Asia, Europe, and the Middle East. These virtual events have focused on sectors such as agriculture, apparel, industrial products, and services. The EDB also outlines forthcoming online business programs planned with countries like China, South Korea, Pakistan, and Turkey. Additionally, the UK has assured Sri Lanka that it will continue to receive the same EU trade preferences after Brexit.
Objectives & Agenda :
To understand the backdrop of RCEP, its need and the implications of RCEP on the global economy. The webinar shall predominantly focus on detailed analysis on the dissenting factors which led India opt out of RCEP and what impact this shall have on other countries along with India. Lastly, the webinar shall conclude with the avenues available with India in relation to RCEP post opting out.
The document provides an economic update from Sri Lanka and around the world in September 2022. In Sri Lanka, ComBank was ranked the top bank, inflation was forecast to be 44.8%, and over 39% of the population was consuming an inadequate diet. Globally, IMF bailouts hit a record high as many countries faced economic crises. Central banks around the world aggressively raised interest rates, risking a global recession, to tackle high inflation. The UK market faced turmoil after the new government's tax cut plans.
This document provides a summary of economic and business news from Sri Lanka in its 298th Economic Capsule issue. It includes summaries of Commercial Bank's financial results, budget highlights for 2022, steps taken to promote digitalization and tourism, and performance of the external sector from January to September 2021. International sections cover impacts of high shipping rates on global recovery and cryptocurrency developments in countries like El Salvador. The document contains brief summaries on various economic and business topics relevant to Sri Lanka.
The global IT and Technology industry is one of the largest and rapidly growing industries of the world. To ensure there is growth, it is hence important that professionals of industry come together and attend IT expos and conventions related to their particular industries. These expos are an amazing arena to meet fellow partners as well as stakeholders who would be happy to associate with you, exchange their ideas as well as let you design and contribute to the future of IT industry.
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
The word ‘Innovation’ literally means a new idea,
which is then transformed through various processes
into reality. The theme of this issue of Business
Lanka is ‘Innovation’, which focuses on the many
industries in Sri Lanka that are constantly innovating
to introduce novel products to the market
The document provides a summary of economic and business news from Sri Lanka and around the world. Some key points:
- In Sri Lanka, the Commercial Bank of Ceylon was named the most innovative customer service banking brand. It also enabled online payments of port authority charges.
- Sri Lanka's population is aging rapidly according to a World Bank report. The country will see declines in the working age population and increases in the elderly population over the next few decades.
- Several new investment and development projects were approved in Sri Lanka, including tourism hubs and an IT park in Jaffna.
- Internationally, Germany narrowly avoided recession, India cut interest rates, and Japan's central bank said
Objectives & Agenda :
To understand the backdrop of RCEP, its need and the implications of RCEP on the global economy. The webinar shall predominantly focus on detailed analysis on the dissenting factors which led India opt out of RCEP and what impact this shall have on other countries along with India. Lastly, the webinar shall conclude with the avenues available with India in relation to RCEP post opting out.
The document provides an economic update from Sri Lanka and around the world in September 2022. In Sri Lanka, ComBank was ranked the top bank, inflation was forecast to be 44.8%, and over 39% of the population was consuming an inadequate diet. Globally, IMF bailouts hit a record high as many countries faced economic crises. Central banks around the world aggressively raised interest rates, risking a global recession, to tackle high inflation. The UK market faced turmoil after the new government's tax cut plans.
This document provides a summary of economic and business news from Sri Lanka in its 298th Economic Capsule issue. It includes summaries of Commercial Bank's financial results, budget highlights for 2022, steps taken to promote digitalization and tourism, and performance of the external sector from January to September 2021. International sections cover impacts of high shipping rates on global recovery and cryptocurrency developments in countries like El Salvador. The document contains brief summaries on various economic and business topics relevant to Sri Lanka.
The global IT and Technology industry is one of the largest and rapidly growing industries of the world. To ensure there is growth, it is hence important that professionals of industry come together and attend IT expos and conventions related to their particular industries. These expos are an amazing arena to meet fellow partners as well as stakeholders who would be happy to associate with you, exchange their ideas as well as let you design and contribute to the future of IT industry.
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
The word ‘Innovation’ literally means a new idea,
which is then transformed through various processes
into reality. The theme of this issue of Business
Lanka is ‘Innovation’, which focuses on the many
industries in Sri Lanka that are constantly innovating
to introduce novel products to the market
The document provides a summary of economic and business news from Sri Lanka and around the world. Some key points:
- In Sri Lanka, the Commercial Bank of Ceylon was named the most innovative customer service banking brand. It also enabled online payments of port authority charges.
- Sri Lanka's population is aging rapidly according to a World Bank report. The country will see declines in the working age population and increases in the elderly population over the next few decades.
- Several new investment and development projects were approved in Sri Lanka, including tourism hubs and an IT park in Jaffna.
- Internationally, Germany narrowly avoided recession, India cut interest rates, and Japan's central bank said
The document advertises the Amman International Motor Show taking place in Jordan from September 20-23, 2015. It summarizes the key details of the trade show, including that it provides an export platform for 11 countries in the Middle East region. It notes that the 2014 event saw over 9,000 professional visitors, 300 exhibitors, and $127 million in estimated sales generated by exhibiting companies. The document promotes the business opportunities available at the trade show for companies looking to establish connections and sales in Jordan and the broader Middle East market.
The document provides an economic update on Sri Lanka from the Economic Capsule issue 288. Key points include:
- ComBank launched Sri Lanka's first 'WhatsApp Banking' facility and a mobile app for paperless cash and cheque deposits.
- Sri Lanka reopened for tourism in January 2021 with safety protocols in place, aiming to attract 1.5 million tourists. The stock market ended 2020 at an all-time high.
- Sri Lanka moved up 34 positions in the Global Human Development Report but remains vulnerable to climate change risks. Southeast Asia's largest USD 250mn tyre plant opened in Sri Lanka.
This document provides a summary of economic and business news from Sri Lanka and around the world in July 2021. It includes the following highlights:
- ComBank re-launched its website with tri-lingual content and enhancements to improve the customer experience.
- Sri Lanka's tea exports earned $650 million during the first half of 2021, up 13.8% from the previous year.
- Fully vaccinated international tourists will now be allowed to visit Sri Lanka without quarantine restrictions.
- Major global developments include the ADB trimming its growth forecast for developing Asia, oil producing nations agreeing to increase output to reduce prices, and nearly $100 billion being wiped off the cryptocurrency market
The document summarizes details about the World Export Development Forum (WEDF) 2016 event in Sri Lanka, including:
- Dates from October 11-13, 2016 in Colombo, Sri Lanka with 300 local and foreign participants expected.
- The forum aims to support trade-led development through topics on trade competitiveness and new partnerships.
- The theme is "Trade for Success - Connect, Compete, Change" focusing on topics like regional trade blocs, digital trade, and trade standards.
- The agenda includes plenary sessions, workshops, business-to-business meetings, and field visits related to key Sri Lankan export sectors.
The document summarizes a brokerage event taking place at Mobile World Congress from February 22-24, 2016. The event allows participants to schedule 25-minute bilateral meetings to identify potential international partners for cooperation projects. In 2015, over 2 meetings allows participants to gain admission to the exhibition. The registration fee is 310 euros and registrations are open until February 7th, with meeting requests from January 8th to February 12th. The event will take place in Hall 5, Congress Square CS50.
The document provides a summary of economic and business news from Sri Lanka and around the world in March 2021. It discusses topics such as Sri Lanka's GDP contraction in 2020, business confidence stabilizing, various Purchasing Managers' Index figures for Sri Lanka, the UK becoming the top direct investor in Sri Lanka, and measures to support Sri Lanka's battered tourism industry. Internationally, it covers the USD 1.9 trillion US COVID-19 stimulus package, Morgan Stanley offering bitcoin funds, rising poverty in India due to the pandemic, and Thailand's plans to reopen to tourism on July 1st, 2021.
Canadian Oil and Gas Events in North China (2015) (Eng)Wei (Wendy) Zhao
The document summarizes several events related to the oil and gas industry in Canada and China from 2015. It describes seminars and workshops held in Beijing and other Chinese cities that focused on topics such as post-election investment opportunities in Canada, regulation of the natural gas industry in British Columbia, and development of the petrochemical industry in Alberta. Canadian provincial governments, energy companies, and industry organizations participated in the events to promote investment and cooperation between Canada and China.
The document summarizes Sri Lanka's economic performance in January-December 2020. It notes that merchandise exports declined 15.6% while imports fell 19.5%, reducing the trade deficit. Worker remittances grew 5.8% providing resilience. The Sri Lankan rupee depreciated against major currencies except the Indian rupee. Overall, the Central Bank was able to absorb $283 million from the domestic foreign exchange market in 2020.
The document provides a summary of economic and business news from Sri Lanka and globally.
Some key points include: Sri Lanka's GDP growth slowed to 1.6% in Q2 2019, its lowest in over 5 years; Commercial Bank of Sri Lanka won several awards for its digital initiatives; the tallest tower in South Asia was opened in Colombo; and the OECD cut its global growth outlook amid the US-China trade war. International tourism arrivals grew 4% in the first half of 2019 led by Asia and the Middle East.
Time: October 14th – October 21st ,2019
Venue: Shanghai, Hebei, Nanchang
Key provincial and city officials and leading Chinese companies from a variety of industries (including logistics, trade, export & import and so on) will be present.
►The 2019 China International Logistics/Transport Conference is a
special event for Australia-China Supply Chain & Logistics Alliance,
where you will participate:
◆ The 6th China International Logistics Development Conference
◆ 2019 International Toy Fair & 2019 Licensing Expo Shanghai
◆ 2019 Early Childhood/Preschool Forum Shanghai
◆ 2019 World VR Industry Conference in Nanchang, Jiangxi.
◆ AU & NZ Quality Export Base Promotion & Matching Forums in
Shanghai, Hebei, Nanchang
The document outlines the UK's 184-day business events program at the UK Pavilion during the Shanghai Expo to promote UK-China trade and investment. It will include over 125 events across all priority sectors to showcase what differentiates the UK partnership with China from other nations. The program will have business conferences with the Financial Times, low carbon and cross-sectoral growth events, and activities profiling the UK's financial and professional services sectors and commitment to corporate social responsibility. The website will further promote events and UK corporate sponsors, and provide an in-depth knowledge bank about UK industry strengths.
The document outlines the UK's 184-day business events program at the UK Pavilion during the Shanghai Expo to promote UK-China trade and investment. It will include over 125 events across all priority sectors to showcase what differentiates the UK partnership with China from other nations. The program will have business conferences with the Financial Times, low carbon and cross-sectoral growth events, and activities profiling the UK's financial and professional services sectors and commitment to corporate social responsibility. The website will further promote events and UK corporate sponsors, and provide an in-depth knowledge bank about UK industry strengths.
The document provides an economic update for January 2023 from Sri Lanka. It discusses several topics:
- ComBank introduced new card-to-card fund transfer services and opened an Indian rupee account to promote regional trade.
- Sri Lanka is working with India and China on debt restructuring and both countries have expressed support. The government also aims to operationalize an FTA with Singapore.
- Other economic news includes rising tourist arrivals and plans to amalgamate export promotion agencies. Sri Lanka will also export more aquatic products to China.
- Global updates note a dip in world food prices and plans for Bangladesh IMF support. Leadership changes occurred in New Zealand and Croatia adopted the euro. Tech companies cut
E-commerce Readiness Assessment Report Sri Lanka 2020EDB
This E-commerce Readiness Assessment Report is the result of a request by the Sri Lanka Export Development Board (EDB) for technical assistance from the Commonwealth Secretariat to conduct an e-readiness assessment for Sri Lanka and undertake capacity-building programmes for enhancing women and small and medium enterprise (SME) cross-border e-commerce knowledge. Based on international best practices, a five-parameter model for assessment and monitoring of e-commerce readiness in Sri Lanka was developed. This covers the five key result areas of e-commerce: citizen maturity; business readiness; IT infrastructure and accessibility; logistics and delivery; and policy and regulations. Using this model, indicators were developed to assess Sri Lanka’s maturity or readiness levels within these parameters and a score was assigned based on the findings of the study.
The document provides information about the activities of the Italian Business Group (IBG) in Jeddah, Saudi Arabia from July 2013 to June 2014. IBG was founded to promote trade and investment between Italy and Saudi Arabia. In its first year, IBG signed a cooperation agreement with the Jeddah Chamber of Commerce and Industry, organized cultural events like a photo exhibition and movie screening, and hosted networking events for Italian and Saudi businesspeople. IBG also participated in larger events and organized visits for Italian business delegations to explore opportunities in sectors like clean technology, healthcare and infrastructure. The newsletter provides details on these events and updates on IBG corporate members.
The document provides an economic capsule summarizing recent news in Sri Lanka and internationally. It includes the following key points:
1) Sri Lanka has been ranked as the top island economy for investment potential by an FT publication. However, foreign direct investment remains relatively low at under 1% of GDP.
2) The EU has restored Sri Lanka's access to preferential tariffs under the GSP+ trade scheme, providing an estimated annual tariff benefit of $330 million for key exports like apparel, seafood, and fruits.
3) China's One Belt One Road initiative involves over $1.3 trillion in infrastructure projects across 68 countries to revive trade routes and boost China's influence. Sri Lanka hopes to
"Euro Delegates Look to Trade in Sustainability" by Vancouver SunGLOBE Series
Microsoft unveiled Office software for the iPad and announced its goal for Office 365 subscribers to be able to use the programs on any device. Japanese airline ANA ordered 70 aircraft from Boeing and Airbus worth $19 billion, the largest order in ANA's history. A report gave low marks to Canada's internet service providers for their lack of transparency about how they handle customer information and provide data to authorities.
The 16th World Export Development Forum (WEDF) will take place from 12-13 October 2016 in Colombo, Sri Lanka. Organized by the International Trade Centre and hosted by the Sri Lankan government, WEDF brings together over 600 business and government leaders to address international trade opportunities. The forum features panel discussions, workshops, and business-to-business meetings focused on helping businesses navigate changing trade landscapes and consumer trends. It also aims to facilitate new business partnerships, especially between companies in Sri Lanka and other participating countries.
Nell'ambito delle attività del Desk 'Ospitalita` Italiana' della Camera di Commercio e Industria Italiana negli Emirati Arabi Uniti - Italian Industry & Commerce Office in the UAE - IICUAE, c’è “Ospitalità Italiana”, la prima rivista dedicata al cibo italiano nel Paese. 'Ospitalita` Italiana', insieme con le ultime notizie dai mercati agricoli italiani e degli Emirati Arabi Uniti, mira ad essere una vetrina importante per tutti gli operatori che si occupano di 'Fatto in Italia'.
International Market Expanding Sri Lankan ExportsEDB
‘Positioning Sri Lanka in the international market place’ is the theme of the current issue of Business Lanka. Articles featured delve into the various aspects of the export industry, with focus on some of the major contributing sectors to the economy.
As one of the world's steadiest suppliers of top-quality Ceylon Sapphires and seventy-five other types of gemstones, Sri Lanka is one of the most important countries in the world when it comes to gem and jewellery, despite its small size.
The document advertises the Amman International Motor Show taking place in Jordan from September 20-23, 2015. It summarizes the key details of the trade show, including that it provides an export platform for 11 countries in the Middle East region. It notes that the 2014 event saw over 9,000 professional visitors, 300 exhibitors, and $127 million in estimated sales generated by exhibiting companies. The document promotes the business opportunities available at the trade show for companies looking to establish connections and sales in Jordan and the broader Middle East market.
The document provides an economic update on Sri Lanka from the Economic Capsule issue 288. Key points include:
- ComBank launched Sri Lanka's first 'WhatsApp Banking' facility and a mobile app for paperless cash and cheque deposits.
- Sri Lanka reopened for tourism in January 2021 with safety protocols in place, aiming to attract 1.5 million tourists. The stock market ended 2020 at an all-time high.
- Sri Lanka moved up 34 positions in the Global Human Development Report but remains vulnerable to climate change risks. Southeast Asia's largest USD 250mn tyre plant opened in Sri Lanka.
This document provides a summary of economic and business news from Sri Lanka and around the world in July 2021. It includes the following highlights:
- ComBank re-launched its website with tri-lingual content and enhancements to improve the customer experience.
- Sri Lanka's tea exports earned $650 million during the first half of 2021, up 13.8% from the previous year.
- Fully vaccinated international tourists will now be allowed to visit Sri Lanka without quarantine restrictions.
- Major global developments include the ADB trimming its growth forecast for developing Asia, oil producing nations agreeing to increase output to reduce prices, and nearly $100 billion being wiped off the cryptocurrency market
The document summarizes details about the World Export Development Forum (WEDF) 2016 event in Sri Lanka, including:
- Dates from October 11-13, 2016 in Colombo, Sri Lanka with 300 local and foreign participants expected.
- The forum aims to support trade-led development through topics on trade competitiveness and new partnerships.
- The theme is "Trade for Success - Connect, Compete, Change" focusing on topics like regional trade blocs, digital trade, and trade standards.
- The agenda includes plenary sessions, workshops, business-to-business meetings, and field visits related to key Sri Lankan export sectors.
The document summarizes a brokerage event taking place at Mobile World Congress from February 22-24, 2016. The event allows participants to schedule 25-minute bilateral meetings to identify potential international partners for cooperation projects. In 2015, over 2 meetings allows participants to gain admission to the exhibition. The registration fee is 310 euros and registrations are open until February 7th, with meeting requests from January 8th to February 12th. The event will take place in Hall 5, Congress Square CS50.
The document provides a summary of economic and business news from Sri Lanka and around the world in March 2021. It discusses topics such as Sri Lanka's GDP contraction in 2020, business confidence stabilizing, various Purchasing Managers' Index figures for Sri Lanka, the UK becoming the top direct investor in Sri Lanka, and measures to support Sri Lanka's battered tourism industry. Internationally, it covers the USD 1.9 trillion US COVID-19 stimulus package, Morgan Stanley offering bitcoin funds, rising poverty in India due to the pandemic, and Thailand's plans to reopen to tourism on July 1st, 2021.
Canadian Oil and Gas Events in North China (2015) (Eng)Wei (Wendy) Zhao
The document summarizes several events related to the oil and gas industry in Canada and China from 2015. It describes seminars and workshops held in Beijing and other Chinese cities that focused on topics such as post-election investment opportunities in Canada, regulation of the natural gas industry in British Columbia, and development of the petrochemical industry in Alberta. Canadian provincial governments, energy companies, and industry organizations participated in the events to promote investment and cooperation between Canada and China.
The document summarizes Sri Lanka's economic performance in January-December 2020. It notes that merchandise exports declined 15.6% while imports fell 19.5%, reducing the trade deficit. Worker remittances grew 5.8% providing resilience. The Sri Lankan rupee depreciated against major currencies except the Indian rupee. Overall, the Central Bank was able to absorb $283 million from the domestic foreign exchange market in 2020.
The document provides a summary of economic and business news from Sri Lanka and globally.
Some key points include: Sri Lanka's GDP growth slowed to 1.6% in Q2 2019, its lowest in over 5 years; Commercial Bank of Sri Lanka won several awards for its digital initiatives; the tallest tower in South Asia was opened in Colombo; and the OECD cut its global growth outlook amid the US-China trade war. International tourism arrivals grew 4% in the first half of 2019 led by Asia and the Middle East.
Time: October 14th – October 21st ,2019
Venue: Shanghai, Hebei, Nanchang
Key provincial and city officials and leading Chinese companies from a variety of industries (including logistics, trade, export & import and so on) will be present.
►The 2019 China International Logistics/Transport Conference is a
special event for Australia-China Supply Chain & Logistics Alliance,
where you will participate:
◆ The 6th China International Logistics Development Conference
◆ 2019 International Toy Fair & 2019 Licensing Expo Shanghai
◆ 2019 Early Childhood/Preschool Forum Shanghai
◆ 2019 World VR Industry Conference in Nanchang, Jiangxi.
◆ AU & NZ Quality Export Base Promotion & Matching Forums in
Shanghai, Hebei, Nanchang
The document outlines the UK's 184-day business events program at the UK Pavilion during the Shanghai Expo to promote UK-China trade and investment. It will include over 125 events across all priority sectors to showcase what differentiates the UK partnership with China from other nations. The program will have business conferences with the Financial Times, low carbon and cross-sectoral growth events, and activities profiling the UK's financial and professional services sectors and commitment to corporate social responsibility. The website will further promote events and UK corporate sponsors, and provide an in-depth knowledge bank about UK industry strengths.
The document outlines the UK's 184-day business events program at the UK Pavilion during the Shanghai Expo to promote UK-China trade and investment. It will include over 125 events across all priority sectors to showcase what differentiates the UK partnership with China from other nations. The program will have business conferences with the Financial Times, low carbon and cross-sectoral growth events, and activities profiling the UK's financial and professional services sectors and commitment to corporate social responsibility. The website will further promote events and UK corporate sponsors, and provide an in-depth knowledge bank about UK industry strengths.
The document provides an economic update for January 2023 from Sri Lanka. It discusses several topics:
- ComBank introduced new card-to-card fund transfer services and opened an Indian rupee account to promote regional trade.
- Sri Lanka is working with India and China on debt restructuring and both countries have expressed support. The government also aims to operationalize an FTA with Singapore.
- Other economic news includes rising tourist arrivals and plans to amalgamate export promotion agencies. Sri Lanka will also export more aquatic products to China.
- Global updates note a dip in world food prices and plans for Bangladesh IMF support. Leadership changes occurred in New Zealand and Croatia adopted the euro. Tech companies cut
E-commerce Readiness Assessment Report Sri Lanka 2020EDB
This E-commerce Readiness Assessment Report is the result of a request by the Sri Lanka Export Development Board (EDB) for technical assistance from the Commonwealth Secretariat to conduct an e-readiness assessment for Sri Lanka and undertake capacity-building programmes for enhancing women and small and medium enterprise (SME) cross-border e-commerce knowledge. Based on international best practices, a five-parameter model for assessment and monitoring of e-commerce readiness in Sri Lanka was developed. This covers the five key result areas of e-commerce: citizen maturity; business readiness; IT infrastructure and accessibility; logistics and delivery; and policy and regulations. Using this model, indicators were developed to assess Sri Lanka’s maturity or readiness levels within these parameters and a score was assigned based on the findings of the study.
The document provides information about the activities of the Italian Business Group (IBG) in Jeddah, Saudi Arabia from July 2013 to June 2014. IBG was founded to promote trade and investment between Italy and Saudi Arabia. In its first year, IBG signed a cooperation agreement with the Jeddah Chamber of Commerce and Industry, organized cultural events like a photo exhibition and movie screening, and hosted networking events for Italian and Saudi businesspeople. IBG also participated in larger events and organized visits for Italian business delegations to explore opportunities in sectors like clean technology, healthcare and infrastructure. The newsletter provides details on these events and updates on IBG corporate members.
The document provides an economic capsule summarizing recent news in Sri Lanka and internationally. It includes the following key points:
1) Sri Lanka has been ranked as the top island economy for investment potential by an FT publication. However, foreign direct investment remains relatively low at under 1% of GDP.
2) The EU has restored Sri Lanka's access to preferential tariffs under the GSP+ trade scheme, providing an estimated annual tariff benefit of $330 million for key exports like apparel, seafood, and fruits.
3) China's One Belt One Road initiative involves over $1.3 trillion in infrastructure projects across 68 countries to revive trade routes and boost China's influence. Sri Lanka hopes to
"Euro Delegates Look to Trade in Sustainability" by Vancouver SunGLOBE Series
Microsoft unveiled Office software for the iPad and announced its goal for Office 365 subscribers to be able to use the programs on any device. Japanese airline ANA ordered 70 aircraft from Boeing and Airbus worth $19 billion, the largest order in ANA's history. A report gave low marks to Canada's internet service providers for their lack of transparency about how they handle customer information and provide data to authorities.
The 16th World Export Development Forum (WEDF) will take place from 12-13 October 2016 in Colombo, Sri Lanka. Organized by the International Trade Centre and hosted by the Sri Lankan government, WEDF brings together over 600 business and government leaders to address international trade opportunities. The forum features panel discussions, workshops, and business-to-business meetings focused on helping businesses navigate changing trade landscapes and consumer trends. It also aims to facilitate new business partnerships, especially between companies in Sri Lanka and other participating countries.
Nell'ambito delle attività del Desk 'Ospitalita` Italiana' della Camera di Commercio e Industria Italiana negli Emirati Arabi Uniti - Italian Industry & Commerce Office in the UAE - IICUAE, c’è “Ospitalità Italiana”, la prima rivista dedicata al cibo italiano nel Paese. 'Ospitalita` Italiana', insieme con le ultime notizie dai mercati agricoli italiani e degli Emirati Arabi Uniti, mira ad essere una vetrina importante per tutti gli operatori che si occupano di 'Fatto in Italia'.
International Market Expanding Sri Lankan ExportsEDB
‘Positioning Sri Lanka in the international market place’ is the theme of the current issue of Business Lanka. Articles featured delve into the various aspects of the export industry, with focus on some of the major contributing sectors to the economy.
As one of the world's steadiest suppliers of top-quality Ceylon Sapphires and seventy-five other types of gemstones, Sri Lanka is one of the most important countries in the world when it comes to gem and jewellery, despite its small size.
One of the leading Natural Rubber producers in the world, Sri Lanka was the cradle for the rubber industry, that revolutionised many industries across the globe. Renowned for the production of high-quality natural rubber latex products, manufacturers and exporters of natural rubber in Sri Lanka have also specialised in the sustainable production of niche rubber products like solid tyres, sole crepe for shoes, and high-quality surgical gloves for the global market.
Sri Lanka's apparel export industry is the country's largest foreign exchange earner, accounting for 40% of total exports. The industry employs over 300,000 people directly and 600,000 indirectly. It produces garments for major international brands and its top three companies are among the world's 50 most important suppliers. The industry has grown significantly over decades and focuses on sustainability, ethical practices, and environmental friendliness to remain competitive internationally.
The document discusses the benefits of meditation for reducing stress and anxiety. Regular meditation practice can help calm the mind and body by lowering heart rate and blood pressure. Studies have shown that meditating for just 10-20 minutes per day can have significant positive impacts on both mental and physical health.
Electrical and Electronic Industry in Sri LankaEDB
The Electrical and Electronic Industry in Sri Lanka has grown over the past 40 years into a key industrial manufacturing sector contributing towards the country's economic growth and more specially export-led growth within the philosophy of the government.
Sri Lanka is renowned to be one of the world’s best quality production centres, with floriculture production ranging from tropical to temperate and therefore, geared to meet export orders throughout the year.
Artistry & Quality of Ceramic Glass & Porcelain from Sri Lanka EDB
With the country’s rich artistic and cultural heritage, The Sri Lankan Ceramic Industry dates back to the pre - Christian era. The distinctive designs and exquisite elegance of the ceramic products manufactured by the Sri Lankan
Ceramic Industry today vividly illustrate the influence of this rich heritage.
Find out more: https://goo.gl/ejMPs6
Shop now: https://goo.gl/KIZNoJ
Transportation of aquarium or ornamental fish is an area every ornamental fish exporter should pay senior attention to. This brochure elaborates on how you can pack them with water and oxygen essential for their health and survival.
Find out more about Sri Lankan Aquarium Fish - https://goo.gl/wDcsbo
Coconut & Coconut based Products – Source nothing but the finest from Sri LankaEDB
Coconut (Cocus nucifera) is one of the major plantation crops in Sri Lanka, which accounts for approximately 12% of the country’s agricultural produce. This brochure encapsulates some important facts and insights on the Coconut & Coconut Products industry.
Find out more: https://goo.gl/xBgM71
Food & Beverage - Superior in Quality, Taste & NutritionEDB
Sri Lankan food & beverage exporters enjoy global recognition for exceptional quality standards they follow.
Find out more about Sri Lankan food & beverage: https://goo.gl/Wv1tkD
Shop now: https://goo.gl/s4Y3eq
Spices & Essential Oils -Some of the finest products of natureEDB
Sri Lanka has long been famous for its high quality spices such as cinnamon, pepper, cloves, cardamom, nutmeg, mace, and vanilla. Cinnamon in particular is very important to Sri Lanka's economy, as the country produces almost 90% of the world's cinnamon, mainly from the Ceylon cinnamon variety. Cinnamon has many uses in foods, medicines, and cosmetics. Sri Lanka has established 'Pure Ceylon Cinnamon' as a global brand to promote its premium cinnamon. Other key spices exported by Sri Lanka include pepper, cloves, cardamom, nutmeg, mace, and vanilla.
Natural Rubber & Rubber-based products - Trusted for generationsEDB
Sri Lanka is a top natural rubber producer & rubber-based products manufacturer with a sustained reputation for superior quality.
Discover more: https://goo.gl/2d6fyt
Shop now: https://goo.gl/hxqhi8
Sri Lankan Apparel - 'World-class Fashion Garments without GuiltEDB
Trusted by the top retailers worldwide, Sri Lanka remains the perfect sourcing hub for world-class ethical fashion apparel. Find out more on Sri Lankan Fashion Apparel: https://goo.gl/IAs3pM
Shop now: https://goo.gl/6m5vsR
Performance of the export sector of Sri Lanka January-December 2016EDB
This document summarizes Sri Lanka's export performance in 2016 compared to 2015. Key points include:
- Total export earnings decreased 1.61% in 2016 due to declines in agricultural exports like tea, spices and coconut products.
- Industrial exports such as textiles and apparel increased, helping to offset agricultural declines.
- Major export markets like the EU and USA saw mixed results, with some products and countries increasing while others decreased.
- The top two exports, garments and tea, accounted for 59% of total earnings, demonstrating Sri Lanka's lack of export diversification.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
Expo News - November 2020
1. NEWS
EXPO
VOLUME 20 | ISSUE NO. 11
NOVEMBER 2020
READ ONLINE
MONTHLY BULLETIN
Published By : Trade Facilitation & Trade Information Division | Sri Lanka Export Development Board | No. 42, Nawam Mw, Colombo 02, Sri Lanka
Tel: +94 11 2300705-11 | Fax: +94 11 2300676 | E-mail: tfti@edb.gov.lk | Web: www.srilankabusiness.com
2. TOP STORIES
Page # 08
EXPO NEWS - MONTHLY INFORMATION BULLETIN FOR SRI LANKAN EXPORTERS
Page # 05
Page # 02
EDB steps up
online export
promotions
UK to offer Sri Lanka
same benefits of EU GSP+
post-Brexit from 2021
Sri Lanka - Turkey
Webinar & Networking
Session
3. # 01
SRI LANKA EXPORT FIRMS TO RUN DURING CURFEW
071 440 6119
Mr. Indrakeerthi SRP - Director / Trade Facilitation & Trade Information
071 822 0953
Ms. N. Gajanayaka - Export Promotion Officer
077 249 4807
Ms. P. Hewawasam - Export Promotion Officer
EDB HELP DESK
The Sri Lanka Export Development Board (EDB) is currently
facilitating to ensure that the operations of export industries
remain uninterrupted during the curfew period in the country.
Please contact the EDB Help Desk,
Export firms are to follow health guidelines issued in April 02, 2020.
helpdesk@edb.gov.lk
4. # 02
EDB STEPS UP ONLINE EXPORT PROMOTIONS
Considering the difficulties in organising physical export promotion programs during this
pandemic situation, the Sri Lanka Export Development Board (EDB) in collaboration with
Foreign Ministry and Sri Lankan Missions overseas has initiated online sessions to enable
foreign buyers and Sri Lankan exporters meet via virtual platforms with the objective of
creating trade linkages between Sri Lanka and the rest of the world, as it is imperative to
sustain the nation’s export promotional activities in spite of severe challenges caused by
COVID-19.
Numerous B2B meetings were conducted by the EDB under this initiative in collaboration with
the Sri Lankan Missions overseas and foreign trade chambers. The B2B meetings were
conceptualised based on the products that have potential to access the respective markets.
The Sri Lankan Missions overseas took the responsibility to introduce potential
buyers/importers for the selected products and the EDB coordinated with both the Sri Lankan
Missions and Sri Lankan exporters to organise online meetings in an effective manner.
Initial webinars were conducted prior to the B2B sessions to make exporters aware of the
market conditions/trends, tariffs, taxes and other regulations as well as available concessions
through free trade agreements and other preferential trade arrangements in the particular
market areas. This series of meetings covered all the regions -the Americas, Asia, the EU, and
the Middle East for the identified potential product sectors.
MARKET FOCUS
Targeting the Americas region, B2B events were carried out with buyers mainly from the USA,
Brazil and Chile for product sectors such as personal protective equipment (PPE), tea,
cinnamon, curry leaves, coconut oil, beer, fabrics, lingerie, shapewear, coir-related products. As
a result, some exporters are currently discussing with foreign buyers to send samples while few
of them are making arrangements for their first orders.
Another virtual business meeting was conducted between six buyers from Qoo10 online
platform and Sri Lankan companies related to kids’ stationary and educational toys in
partnership with the Sri Lankan High Commission in Singapore and Singapore Business
Federation. Sri Lankan exporters in apparel and spice sectors benefitted by a B2B meeting
program jointly organised by the EDB and the Sri Lanka Embassy in Poland in collaboration
with the Honorary Consul for Sri Lanka in Poland.
For the Japanese market, three B2B sessions were held for coir-related products, cocopeat and
ayurveda and herbal cosmetics.
Cont. >>>
5. # 03
PROMOTING AGRICULTURE-RELATED PRODUCTS
Several B2B meetings took place with the participation of Sri Lankan companies in the spices
and concentrates sector with buyers from the USA. Further, participant exporters benefited
from the B2B events organised in collaboration with the Sri Lankan High Commission in the UK
for the Ayurveda and herbal cosmetics, coconut milk and vanilla product sectors.
A number of B2B meetings were conducted for the Sri Lankan coconut-based products with the
Turkish buyers for sub-sectors such as desiccated coconut, cocopeat, activated carbon and
coconut kernel products. Preliminary discussions have been held with the Sri Lankan Mission in
South Africa to organise B2B meetings for edible coconut products, coir and growing mediums.
Fruitful and productive business meetings were organised for coconut products and spices by
the EDB and the Embassy of Sri Lanka in Jordan.
CREATING OPPORTUNITIES FOR INDUSTRIAL PRODUCTS
A virtual B2B meeting for the apparel industry for products such as men’s wear, women’s wear,
kids wear, rainwear, hats etc. was conducted during the last two months, and many Sri Lankan
companies reaped benefits by the meetings they had with buyers from France and Poland.
A business meeting session was also conducted between Sri Lankan boat building companies
and a boat builder from Denmark. This was followed by additional meetings for the boat
building sector in different markets and consequent to it, there is an ongoing discussion to
form a joint venture between a Turkish ship builder and a reputed Sri Lankan ship building
company in the near future.
Furthermore, proposals from the Sri Lankan companies were shared with an Omani party to
explore suitable collaboration in the boat building sector. B2B meetings for printing and
packaging products were carried out with two buyers from India with the support of the Sri
Lankan High Commission in New Delhi.
Focusing on high-value exports, the EDB in collaboration with the Lankan Embassy in Thailand
organised a meeting to create linkages between SLINTEC and a Thai auto manufacturer and a
battery manufacturer to promote graphene for lead acid and lithium ion batteries. It is believed
that these discussions will create more business collaboration with Thailand enabling Sri Lanka
to penetrate this emerging market.
The EDB and the Sri Lankan Deputy High Commission in Chennai organised a virtual B2B
session with the Indian Electrical and Electronics Manufacturers’ Association from 5-9 October
in which 66 B2B meetings were held with 10 Sri Lankan companies. Further, business sessions
were conducted among Sri Lankan electronics and electrical sector manufactures/exporters
with buyers from Germany in collaboration with the Sri Lankan Embassy in Germany.
Cont. >>>
6. # 04
PROMOTIONS FOR THE EXPORT SERVICES SECTOR
A key online event was held in August for the ICT/BPM sector in which leading Sri Lankan start-
ups and product engineering companies successfully pitched for clients in Japan. The main
objective of this event was to introduce seven start-ups and product engineering companies to
the Japanese market and create business linkages to strengthen Japan-Sri Lanka Business
partnership; 45 Japanese participants attended the event.
In order to highlight the potential of Sri Lanka’s logistics services, two webinars were held
connecting the Sri Lankan missions in countries from the Far East and Europe. Hub operators
who participated in those webinars are in communication with the Sri Lankan missions seeking
further opportunities to connect with the business community in the targeted markets.
FORTHCOMING ONLINE B2B PROGRAMS
The EDB is eagerly exploring options to conduct B2B programs with China for multi products in
collaboration with the Consulate General of Sri Lanka in Guangzhou, China, and Yunnan
Commercial Office in Colombo.
Additionally, the details of interested companies have been shared with the Bank of China for
the online match-making event which will be conducted to coincide with the 3rd China
International Import Expo this month.
At the same time, discussions are ongoing to organise B2B programs for the identified
products such as automobile components, spices (red pepper varieties), natural rubber, kitchen
utensils, porcelain products for the South Korean market and coconut, tea, betel leaves and
rubber products for the Pakistan market.
Another program is being planned for the Turkey market for multi sectors in collaboration with
the Sri Lanka Embassy and the Foreign Economic Relations Board of Turkey (DEIK) while a
separate interactive virtual conference followed by B2B meetings will be held by companies in
the country’s logistics sector for the Federation of Indian Exporters Organization on 10
November.
As the online platform is the best mechanism to promote exports in the international market
owing to the COVID-19 pandemic, the EDB will discuss with other Sri Lankan overseas missions
to organise more webinars as well as B2B programs.
7. UK TO OFFER SRI LANKA SAME BENEFITS OF EU GSP+
POST-BREXIT FROM 2021
# 05
The United Kingdom has assured Sri Lanka will continue to enjoy EU GSP+ benefit from 2021 post-Brexit, the
Export Development Board said in a statement.
It said since the UK was the main market for Sri Lanka’s exports to the EU region and the second largest export
market after the USA, it was important for Sri Lanka to receive the same tariff preferences it was enjoying prior to
Brexit when trading with the UK in the post-Brexit period.
Exports to UK in the first 10 months of 2020 amounted to $ 766.72 million and rose by 39% to $ 102.5 million in
October as per provisional data.
The EDB said once the transition period ended on 31 December this year, the UK Global Tariff (UKGT) would
replace the EU's Common External Tariff – which would apply until 31 December 2020 – and UK Generalised
Scheme of Preferences (UK GSP) would apply from January 2021.
“The Department of International Trade of the UK has announced that EU-GSP eligible countries will be able to get
the same tariff preferences they were entitled to earlier through the UK GSP from 1 January 2021,” the EDB said.
Being a EU-GSP-plus beneficiary country, Sri Lanka will continue to be eligible to receive the same preferential
benefits under EU GSP+ for the UK as per its proposed Enhanced Framework replicating EU GSP plus. The
proposed Enhanced Framework of the UK replicating EU-GSP Plus criteria is expected to be enforced on 1 January
2021 for a three-year-period from 2021 to 2023.
Further to the information received by the Sri Lanka High Commission in the UK, the current EU GSP Rules of Origin
criteria will be applicable till 31 December 2023 and the exemptions of the EU-GSP Rules i.e.
bilateral/regional/cross-regional and extended cumulation will be available in a different terminology. A beneficiary
country intending to apply for extended or cross regional cumulation has the option to submit a joint application to
the UK authority once the Enhanced Framework is enforced.
With regard to the proof of origin of exported goods, the Registered Exporters System (REX system), which is in use
at present, will be discontinued from 31 December 2020. However, a similar self –declaration form or a Certificate
of Origin (COC) Form A will be introduced by the UK authority. More details and guidelines on the COC will be
issued shortly by the UK authorities.
During the three-year-period (2021-2023), the UK will review the eligibility criteria, rules of origin criteria and
guidelines to develop its bespoke preferential scheme. The stakeholders too will be consulted in this process.
8. Sri Lanka’s merchandise exports fell 14.9% from a year earlier to 831.7 million dollars in September 2020, as a
Coronavirus outbreak spread disrupting activity, the islands, export promotion office said.
“It is concerning to see a sharp reduction in exports in October due to the C19 eruption in Sri Lanka which has
had a direct impact on our manufacturing and export facilities,” Export Development Board Chairman
Prabhash Subasinghe said.
“The exporters’ order book is full for the rest of the year and the businesses need to be agile to manage
through the C19 disruption.
“European markets have moved into a lockdown phase and the USA has also reported very high C19 numbers,
this will have a significant impact on our market access. Our exporters will need to navigate this uncharted
territory in order to maintain business continuity.”
But exports still increased to Europe by 6.45% in October 2020 and to the United Kingdom by 38.93%.
Apparel and textiles fell 18.9% to 356.5 million dollars, from 439.7 million last year, and was down 17.5% from
September.
Exports of rubber and rubber products were up 12.4% to 80.3 million dollars, with tires up 8.4% and gloves up
36%.
But Rubber Plates, Sheets Rods of Vulcanized or Unhardened Rubber, Gaskets, Washers, Seals of Hard Rubber
and Hygienic or Pharmaceutical Articles have decreased by 39.93%, 10.04%, 65.71% in October 2020.
Coconut based products increased in October 2020 compared with October 2019.
# 06
SRI LANKA EXPORTS FALL 14.9% ON COVID-19 FLARE UP,
UK SHIPMENTS SURGE
Cont. >>>
9. Earnings of Coconut Oil, Coconut Milk Powder, Coconut Cream, Liquid Coconut Milk, and Coconut Flour
categorized under the Coconut Kernel Products had increased 70.46%, 41.67%, 72.64%, and 208.7%.
Coco Peat, Fiber Pith & Moulded products had increased by 30.64 percent to 13.09 million dollars.
Earnings from Activated Carbon had risen 17.61 percent.
The United States of America had bought 2,089.2 million dollars of goods up to October 2020, United
Kingdom US dollar 766.72, India 498.79 millioN, Germany 478.96 million, and Italy 371.58 million
accounting for over half of total exports in the first 10 months of 2020.
In October the United States had bought 197.06 million dollars of exports falling 17.88 percent.
Exports to the United Kingdom as the largest trading partner in the EU Region had risen to 38.93
percent 102.52 million dollars in October 2020.
Except for the EU Region (6.45%), exports to other regions;
Exports to South Asia had fallen 30.08 percent, ASEAN 21.44 percent, CIS 27.01 percent, Africa 7 percent, and
the Middle East 39.13 percent.
# 07
10. # 08
WEBINAR AND NETWORKING SESSION BETWEEN SRI LANKA AND TURKEY
TO ENHANCE BILATERAL TRADE, TOURISM AND INVESTMENT
Embassy of Sri Lanka in Turkey and the Sri Lanka Export Development Board (EDB) jointly organized a Webinar
and Business Networking Session last week in collaboration with the Turkish Economic Relations Board (DEIK).
More than 85 participants attended the webinar.
Three separate matchmaking sessions were also arranged for the Sri Lankan and Turkish participants for the
product and services sectors viz. Food & Beverages, Rubber Products, Industrial Gloves, Yarn, Activated
Carbon, Ayurveda Products & Coco-peat, and Construction & Tourism.
The objective of this webinar and the business networking session is to increase awareness and create
business linkages among the participants of both countries aiming to increase trade and promote investments
and tourism. The event has resulted in creating positive contacts for rubber related products.
During the session, the Ambassador of Sri Lanka in Turkey, M. Rizvi Hassen emphasized the importance of
diversifying the export product sectors and requested both Sri Lankan and Turkish entrepreneurs to look into
the untapped potential available in both countries in terms of creating more trade, investment and tourism.
Ambassador Hassen emphasized the importance of initiating more interactive sessions of this nature which
are increasing awareness and generating connections. He also highlighted the future plans of the Sri Lanka
Embassy to develop Turkey market for Sri Lanka.
Ambassador of Turkey to Sri Lanka Demet Şekercioglu, spoke during the session and encouraged Sri Lankan
and Turkish companies to increase the business links between both the countries.
Speaking during the session, Prabhash Subasinghe, Chairman of EDB highlighted the current economic
situation of Sri Lanka and the importance of the export sector at this juncture. He also pointed out the
importance of having better market access to increase trade; He appreciated the Sri Lanka Embassy in Turkey
and DEIK of Turkey for organizing this event which gives opportunity to network for the business community.
Nail Olpak, President of DEIK, Turkey invited Sri Lankan and Turkish business community to explore the
potential and contribute for enhancing bilateral trade. President of Turkey – Sri Lanka Business Council, Mr.
Beşir Ugur moderated the session.
The presentations on Sri Lanka’s trade relations, investment opportunities & tourism perspective were made
by the EDB, BOI and SLTPB respectively. The Turkish perspective on trade and investment was shared by the
Turkish Ministry of Trade.
Series of online Webinars and B2B meetings are in the pipeline to be organized by the Embassy of Sri Lanka in
Turkey with the support of EDB which could be used to continue the dialogue already created through the
event for the betterment of both the countries.
11. Local media quoting an official report on Saturday, November 7, that Sri Lanka's
Export Development Board (EDB) has inked a Memorandum of Understanding
(MoU) with Chinese e-commerce platform Womai.
The EDB and COFCO Womai Investment Co. inked an accord to show Sri Lankan
exports on Womai's website throughout Sri Lanka's contribution at the third
China International Import Exhibition (CIIE) in Shanghai on Friday, a report by the
EDB stated.
The report stated "The signed MoU subsequently opens the market for exporters
for online trading and promotion in the national promotional section".
SRI LANKA INKS MOU WITH CHINESE WOMAI
# 09
12. # 10Source : Sri Lanka Customs
SCHEDULE
RATES OF EXCHANGE
EFFECTIVE FROM 30.11.2020 TO 06.12.2020
13. EXPO NEWS
MONTHLY INFORMATION BULLETIN FOR SRI LANKAN EXPORTERS
Compiled By :
TRADE FACILITATION & TRADE INFORMATION DIVISION
Chandima Wanniarachchi
Tel : 011 2300705-11 (Ext. 317)
SRI LANKA EXPORT DEVELOPMENT BOARD