Sri Lanka’s export promotion agency, the Export Development Board (EDB) announced it has joined hands with the Foreign Ministry to boost the nation’s export revenue and mitigate the negative impact of the COVID-19 pandemic on the industry.
“There are several joint initiatives taken by the EDB and the Foreign Ministry to enhance exports. This includes identifying new market opportunities, creating awareness by disseminating market alerts, addressing supply chain issues, enhancing capacity building through webinars, and creating business linkages to support existing exporters to sustain their exports,” the EDB said in a statement today.
Meanwhile, with the objective of assisting SMEs in Sri Lanka under the concept of ‘One Village One Product’ (OVOP), the EDB and the Foreign Ministry are continuing to coordinate with Sri Lanka Missions overseas to attract investments from migrated Sri Lankans living abroad.
Furthermore, while these measures are being pursued to overcome the adverse effects of the COVID 19 pandemic on Sri Lanka’s economy and achieve the revised export target of US$ 10.75 billion by year end, the EDB stressed that further steps will be taken to work closely with other relevant local partners.
The EDB will also work closely with other partner nations and organizations to explore new opportunities and utilisation of technology to achieve the government’s economic objectives, the agency added.