Sri Lanka to launch National Export Strategy this week to further push for public-private partnership - Opportunity Sri Lanka
Sri Lanka to launch National Export Strategy this week to further push for public-private partnership

Sri Lanka to launch National Export Strategy this week to further push for public-private partnership

Sri Lanka is to reportedly launch this week a long-awaited National Export Strategy (NES) that would further enhance the public-private partnerships that would drive economic growth.
“The National Export Strategy (NES) is a fantastic opportunity for the private sector and the government to work together but the success of it will depend entirely on the political will of the incumbent government to drive it forward,” Harin De Silva, Chairman, Export Association of Sri Lanka (EASL) has been quoted as saying.
“The private sector cannot get involved in running these things because we run our own businesses,” he has noted.
According to reports, the National Export Strategy (NES) has been developed by private and public stakeholders through extensive consultations which commenced from the First National Symposium held in April 2017.
During these consultations, a strategic vision for Sri Lanka’s export growth was reportedly developed: ‘Sri Lanka – An Export Hub driven by Innovation and Investment’.
Six priority sectors and four trade support functions (TSF) have been identified by the private and public stakeholders at the consultations. These focus on diversification through support to the priority sectors which are ICT, Wellness Tourism, Spice Concentrates, Boat Building, Processed Food and Beverages, and Electronic, Electrical and Machinery.
All export sectors including the mature sectors are expected to benefit from the strengthening of trade support functions.

OSL take:

The National Export Strategy once launched would help further boost Sri Lanka’s exports sector. The focus on ICT, Wellness Tourism, Spice Concentrates, Boat Building, Processed Food and Beverages, and Electronic, Electrical and Machinery sectors would result in the development of these fields that would in turn result in the opening up of a host of investment opportunities for foreign businesses/investors. Sri Lanka has also been recording a continuous growth in its export revenue and the implementation of the latest strategy would undoubtedly increase the country’s export revenue.

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Article Code : VBS/AT/20180718/Z_1

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