Five year National Export Strategy in the pipeline

Monday, 6 February 2017 00:58 - - {{hitsCtrl.values.hits}}

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The Export Development Board (EDB) has initiated action for the preparation of a National Export Strategy (NES) for the next five years, empowered by the Sri Lanka Export Development Act.

The initial consultative meeting was held recently at the EDB chaired byState Minister of International Trade Sujeewa Senasinghe, who is the designated navigator for NES.

The NES is a collaborative effort of the State and private sectors to provide a detailed and prioritised five-year action-oriented framework for the development of trade and competitiveness particularly for the benefit of the Small and Medium Enterprises (SME)sector in Sri Lanka. The strategy will provide a clear direction for sustainable export-led growth to make Sri Lanka a key trade hub in the Indian Ocean.

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The main objective of the initial meeting was to discuss NES objectives and agree on the next milestones. An aggregated set of detailed strategies with realistic and measurable action plans will be prepared, along with detailed strategies for the development of product and service areas and key trade support areas such as trade promotion, trade intelligence, trade financing, quality and enterprise competency development.

EDBChairperson and Chief Executive Indira Malwatte, Ministry of Development Strategies and International Trade SecretaryChandani Wijayawardenaand Ministry of Development Strategies and International Trade Agency for International TradeManaging DirectorDr.SamanKelegamawere among the 13 members of the consultative team and the NES coordinated by the policy and strategic planning division of the EDB.

Technical assistance for the NES is provided by the International Trade Centre (ITC), based in Geneva and financially supported by the European Union.