Sri Lankan government appoints Export Advisory Committees for 24 sectors
Sri Lanka’s Trade Minister Dr. Bandula Gunawardana has reportedly appointed Export Advisory Committees covering 24 sectors for a period of five years until 2026.
According to local media reports, the appointment is in terms of Section 10 of the Sri Lanka Export Development Board (EDB) Act no. 40 of 1979, which enables the Minister in charge of the EDB, on the advice of the Board, to establish advisory committees that are oriented towards the development and promotion of specific products, product groups, commodities, as well as the functional aspects of the export trade.
These Advisory Committees are expected to identify key market challenges and opportunities facing the industry, set goals to strengthen sector competitiveness, identify market requirements, as well as propose key policy changes that need to be initiated to develop the export sector.
These committees are led by private sector industry representatives with the participation of industry sector leaders and relevant public sector officers representing Government line agencies.
The sectors covered are: Apparel, Ayurveda and Herbal Products and Cosmetics, Boat and Ship Building, Coconut and Coconut-based Products, Construction Services, Education Services, Electrical and Electronic Components, Export Processing Villages, Gems, Diamonds and Jewellery, ICT/BPM, Light Engineering, Logistics, Marine and Offshore Engineering, Mineral-based Products, National Quality Infrastructure, Organic Products, Ornamental Fish, Pharmaceuticals, Processed Food and Beverages, Regional Development, Rubber and Rubber-based Products and Plastics, Seafood and Aquaculture Sector, Spices and Concentrates, and Trade Promotion and Trade Information.
Sri Lanka’s exports sector has shown a steady growth despite facing challenges due to the global Covid 19 pandemic. The many trade agreements and trade concessions enjoyed by the country have also helped boost Sri Lanka’s exports sector. It is in this backdrop that the government of Sri Lanka has taken steps to further uplift and develop the country’s exports sector. With Sri Lanka positioning itself as an emerging business destination in the South Asian region, there is a growing interest among foreign businesses/investors to explore the growing opportunities in Sri Lanka. The new initiatives proposed by the Sri Lankan authorities would help attract foreign businesses/investors to the country’s exports sector.
|Article Code :||VBS/AT/20211021/Z_5|