Focus on trade and commerce in Asia
by Mohammed Naalir
More attention will be paid on Asian countries in enhancing the trade
and commerce sectors as these countries are becoming economically
viable, Industries and Commerce Minister Rishad Badiudeen told the
Sunday Observer .He said the Export Development Board is exploring the
possibility of exporting Sri Lankan products to other countries.
Accordingly, the Export Development Board has focused on exports to
Europe, America, the Middle East, Africa and Commonwealth.
Minister Badiudeen said that Sri Lanka receives 40 percent of its
export income from Europe and 23 percent from America.
Sri Lanka exports around 93 percent of its apparel products to these
The Export Development Board aims at expanding the export market to
the countries such as India, China and Indonesia in addition to its
Several development projects have been launched in the country under
the 2009 Budget, such as setting up an agricultural zone, turmeric,
garlic and pineapple cultivation in the Eastern Province. An ornamental
fish breeding project in Polonnaruwa, horticulture and leaf cultivation
in the North Western Province, Cool room facilities in the Southern
Province and improving the standard of cinnamon products will be geared
Minister Badiudeen said that an exhibition will be held of these
export products next year. Meanwhile a team led by Export Development
Board Chairman including top rank officials visited the Vavuniya and
Mannar Districts recently to conduct a feasibility study on cultivating
export crops in these Districts.