October 24, 2018

tamisin

    USD 20 Bn aimed from exports by 2020

    November 13, 2017

    As a part of the Sri Lankan governments’ drive to achieve a target of USD 20 Billion in exports revenue by 2020, the Export Development Board (EDB) of Sri Lanka has developed a National Export Strategy for Sri Lanka with private and public sector participation.


    Six priority sectors and four Trade Support Functions (TSFs) have been identified by this strategy, which are focus on ICT, Wellness Tourism, Spice Concentrates, Boat Building, Processed Food and Beverages, and Electronic, Electrical and Machinery.

     

    According to the EDB, all export sectors including the mature sectors will benefit from the strengthening of trade support functions. These TSFs include National Quality Infrastructure, Innovation and R&D, Logistics and Trade Promotion. The NES for Sri Lanka is being designed by the Ministry of Development Strategies and International Trade and the Sri Lanka Export Development Board (EDB) in consultation with private and public stakeholders.

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