More than 150 public and private sector representatives participated in the first-ever National Symposium to carve out Sri Lanka’s National Export Strategy (NES). The symposium was inaugurated by the Prime Minister Ranil Wickremesinghe recently.
Sri Lanka has been noticing decline in exports for the last two years. This symposium, an initiative of Ministry of Development Strategies and International Trade and Sri Lanka Export Development Board (EDB), was the need of the hour for the nation which has been noticing decline in exports for the last two years.
The development of an NES is a central component of the ‘EU-Sri Lanka trade-related assistance: Increasing SMEs trade competitiveness in regional and EU markets’ project, which is funded by the European Union and implemented by the International Trade Centre.
The Government wants to extend its support to Sri Lanka’s economic vision of strengthening the competitiveness of the country’s private sector to achieve inclusive and sustainable growth.
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The Prime Minister’s Economic Policy Statement emphasized that new strategies were required to undertake necessary reforms to increase, diversify and introduce innovation in export development. This would in turn increase revenue, create employment opportunities and reduce Sri Lanka’s trade deficit.
Exports will play a pivotal role if the Government’s vision of making Sri Lanka the next economic success story in Asia is to become reality.
