Arab Today, arab today sri lanka aims to increase exports to compete with regional markets
Last Updated : GMT 18:28:30
Arab Today, arab today
Arab Today, arab today

Sri Lanka aims to increase exports to compete with regional markets

Arab Today, arab today

Arab Today, arab today Sri Lanka aims to increase exports to compete with regional markets

International Trade Minister Malik Samarawickrema
Colombo - XINHUA

The Sri Lankan government on Thursday said it hoped to increase its exports to 30 billion dollars by 2020, in order to strengthen its frail economy and compete with regional markets.

Speaking at an event to launch the World Export Development Forum 2016, which will be held in Sri Lanka in October, International Trade Minister Malik Samarawickrema said the country's share of global exports had been on the decline, and the government now intended to increase it.

"Sri Lanka's exports of goods and services amounted to about 17 billion dollars only in 2015. This is less than 20 percent of the GDP. While in countries such as Malaysia, Thailand and Vietnam, exports exceed 70 percent of GDP," Samarawickrema said.

The government, he said, was making efforts in promoting its exports through the lifting of the EU fisheries ban which will be in place by the end of this month or early next month and getting back the Generalized System of Preferences (GSP) plus which they hoped to have in place before the end of this year.

Sri Lanka also hoped to increase its exports, through the Economy and Technology Cooperation with India which is to be signed by mid this year and a comprehensive agreement with China which the minister said would be in place by the end of this year or early next year.

"Trade and investment with the US is also being enhanced under a 5 year action plan under the Trade and Investment Agreement. At the same time we are also considering FTAs with Singapore, Malaysia and Turkey," Samarawickrema said.

Minister of Industry and Commerce Rishard Batiudeen, speaking at the launch, said Sri Lanka was an ideal destination to host the World Export Development Forum as Colombo had become South Asia's topmost "container transshipment" hub with all top twenty global shippers calling the Colombo port on a regular basis.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sri lanka aims to increase exports to compete with regional markets Arab Today, arab today sri lanka aims to increase exports to compete with regional markets

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday