Sri Lanka’s EDB launches advisory committee for ornamental fish - Opportunity Sri Lanka
Sri Lanka’s EDB launches advisory committee for ornamental fish

Sri Lanka’s EDB launches advisory committee for ornamental fish

Daily FT: The Sri Lanka Export Development Board (EDB) Advisory Committee on Ornamental Fish Exports was inaugurated on 12 October and the first meeting was held via Zoom under the patronage of Trade Minister Dr. Bandula Gunawardane.
Addressing the inauguration, the Minister stressed the importance of focusing on non-traditional export sectors such as Ornamental Fish to increase the country’s export income, as the export basket is currently dominated by few commodities.
“In the capacity of Trade Minister, I am prepared to listen to the views of the members of the advisory committee, and submit viable proposals to the Cabinet to implement the necessary programmes and activities in order to uplift the ornamental fish export sector,” Gunawardane said.
He also pledged the fullest cooperation and assistance of the Government to develop the industry during the discussion.
Sathyendran Wijayapura and Menaka Dissanaike were unanimously elected as Chairman and Co-Chairman of the EDB Advisory Committee on Ornamental Fish Exports respectively at the occasion.
Wijayapura, upon assuming office, remarked that the industry should strive to increase its export earnings to US$ 24 million from US$ 12 million currently and a strong and formidable strategic plan was necessary to accomplish that target. He highlighted inadequacy of flight connections and extremely high freight charges as the major impediments facing the industry at the moment. EDB Director General Chitranjali Dissanayake, Additional Director General Malani Baddegamage and officials of the EDB – Export Agriculture division also attended the meeting.
EDB Advisory Committees provide a key platform to inform advisors, policymakers, national institutions, and other relevant stakeholders on the programs and reforms required to boost specific industries, while at the same time maintaining the overall objective of facilitating the growth of the export sector.

OSL take:

Sri Lanka’s exports sector has shown a steady growth despite the challenges posed by the global Covid 19 pandemic. These growth rates have also been witnessed in the fisheries industry. The many trade agreements as well as concessions enjoyed by the country have helped boost Sri Lanka’s fisheries exports. Given the growing business potential in the local fisheries exports, the government of Sri Lanka has decided to further uplift the ornamental fish industry. This move has expanded business/investment opportunities in Sri Lanka’s fisheries industry, especially the ornamental fish industry. Foreign businesses/investors could therefore explore the growing opportunities in Sri Lanka’s fisheries industry, especially the ornamental fish industry.

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Article Code : VBS/AT/20211021/Z_2

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