The National Export Strategy 2018-2022, (NES) which has been in implementation since July 2018, is progressing well, anchored to the plans of action of 6 sectors and 3 trade support functions.
Ministry of Development Strategies and International Trade Malik Samarawickrema in a release says that the NES provides an agenda for action in order to improve the competitiveness of 6 focus sectors, and provides improvement of trade support functions - like logistics, trade information and promotion, and national quality infrastructure - to improve the competitiveness of all sectors.
“Ultimately, an industrial policy needs to improve the competitiveness, and national and international promotion of identified sectors, and this is precisely what the NES is doing.”
“Already ‘wins’ seen in IT sector, boat building sector, spices sector, processed food and beverages sector, and wellness tourism. We are conscious that the export-oriented sector in Sri Lanka is not as widespread as it could be, and so we have embarked on a islandwide program to foster new exporters.
The ‘2000 Exporters’ program being led by the EDB will incubate a whole generation of new exporters in this country, and make the gains of international trade more inclusive. To ensure that our enterprises have a favorable business climate and more friendly bureaucratic procedures, we forged ahead with the efforts to improve on the ‘Doing Business Index’ and implement the ‘WTO Trade Facilitation Agreement’.
On the Doing Business Index, Sri Lanka rose up 11 places in 2019, due to the focussed effort on reforming key pillars that matter like setting up a business, dealing with construction permits, and online tax payment. Several other reform areas are ongoing and will get reflected in next year’s rankings.
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