The Exporters Association of Sri Lanka (EASL) yesterday welcomed Prime Minister Ranil Wickremesinghe’s proposal to adopt a competitive foreign exchange policy that will encourage exports.
“The EASL has frequently acknowledged the importance for Sri Lanka to link into global value chains,” an EASL statement said.
However the industry association said the said objective can only be achieved if Sri Lanka is acknowledged regionally and have a stable labour policy and a workforce with a good reputation for high productivity.
The EASL has previously gone on record stating that an appropriate education strategy structured to meet the rapidly changing business demands must evolve for the country to progress economically.
It therefore commends the proposed development of innovation centres, ICT and science knowledge hubs, and digital infrastructural services and to support investment in this lucrative business.
The EASL also opined that bringing the Board of Investments and the Exports Development Board under a single ministry would positively enable an environment of consistency and cohesion for export enterprises to grow exponentially.
The industry association also extended its fullest support to the Prime Minister and Development Strategies and International Trade Minister Malik Samarawickrema.