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Sunday, 27 June 2010

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NCE targets $ 20b by 2020



 Sarath de Silva

President of the National Chamber of Exporters of Sri Lanka (NCE), Sarath de Silva says that it is possible to achieve the national export target of US$ 20 billion by 2020, or earlier.

The private sector should be motivated with initiatives and incentives with a production effort and an aggressive export market promotion.

To achieve this objective, especially the Agricultural and Fisheries sectors as well as Small & Medium Enterprises (SMEs) should be engaged in a production and market promotion drive.

In regard to market promotion efforts the visit of President Mahinda Rajapaksa to India provided a good opportunity to improve on the existing Free Trade Agreement (FTA) by removing constraints that hinder its effective implementation. Particularly in regard to Non Tariff Barriers including quarantine barriers which prevent growth in trade of agricultural products.

Private sector chambers have communicated with the relevant chambers in Kerala, Andrapradesh, Pollachchi and Chennai focusing on these aspects.

The members of these chambers are keen to import products from Sri Lanka to India.

The Deputy High Commissioner of Sri Lanka in Chennai, Vadivel Krishnamoorthi and the President of the NCE have also initiated action for the removal of quarantine barriers in consultation with the relevant authorities in India and the Department of Commerce in Sri Lanka.

In regard to the proposed finalisation of the Comprehensive Economic Partnership Agreement (CEPA) between India and Sri Lanka, Past President of the NCE Kulatunga Rajapaksa, responding to the intention of the government to seek the views and inputs of all stakeholders before signing the agreement, is of the view, that in the first instance the state authorities should be transparent by releasing copies of the draft frame work agreement as well as the relevant schedules to all chambers and associations.

This would enable the private sector to provide constructive inputs to make the final agreement acceptable to the exporter community, by establishing the benefits that would accrue to Sri Lanka.

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