NCE discusses ‘Expanding Exports: Role and Relevance of Export Finance’

12 October 2015 06:30 pm - 0 - {{hitsCtrl.values.hits}}

A A A

The National Chamber of Exporters (NCE) held a round table discussion on ‘Expanding Exports: Role and Relevance of Export Finance’. The discussion was based on a presentation on the research findings of a study conducted by Verité Research in consultation with the NCE.

Participants at the round table discussion included government officials from relevant institutions such as the Central Bank, Finance Ministry, Export Development Board, Sri Lanka Export Credit Insurance Corporation, Development Finance Department, Credit Information Bureau, Trade Finance Association, People’s Bank and private sector as well as NCE members.

The study examined the status of the export finance market in Sri Lanka and identified the key limitations that prevent export finance from playing a proactive role in promoting exports. The study has revealed that access, availability and diversity of export finance instrumentals in Sri Lanka are limited. The few finance products that are available remain weak and are under-utilized. Export finance instruments including export credit insurance reduce the risks faced by exporters such as country and commercial risks and enables small and medium enterprises (SMEs) manage short-term cash flow issues and allow exporters to attract buyers by offering better payment terms. By doing so, export finance can help promote exports.

Verité Research finds that the export policy of Sri Lanka has not yet recognized the role that export finance can play in helping Sri Lankan exporters – especially those in the small and medium sector – to become more competitive in international trade and diversify into new products and markets. As such taking steps to improve availability, access and effective utilization of export finance in the country will be important to back the renewed expectations for expanding Sri Lanka’s exports to the world. The research finds that government institutions have an important role to play in developing the export finance market in the country and to enhance effective utilization of export finance instruments.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

NCE discusses ‘Expanding Exports: Role and Relevance of Export Finance’

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

Two racing drivers arrested over Fox Hill tragedy

Ranil Wickremesinghe caravan moves on despite barking dogs

SL on alert on possible genocide allegations by Canada

Former MP Palitha Thewarapperuma dies from electrocution

Sri Lankan among NASA’s new crew for next simulated Mars journey

MIRROR CRICKET

TODAY'S HEADLINES