By: Staff Writer
December 03, Colombo (LNW): A delegation of 49 Sri Lankan small and medium-sized enterprises (SMEs) made a remarkable impression at the 19th China International Small and Medium Enterprises Fair (CISMEF), held from November 15 to 18 at the China Import and Export Fair Complex in Pazhou, Guangzhou.
The event was spearheaded by the Sri Lanka Export Development Board (EDB), in partnership with the Industrial Development Board (IDB) and with active support from the Sri Lankan Consulate General in Guangzhou.
The delegation showcased a diverse range of products, including food and beverages, gems and jewellery, coconut-based items, lifestyle goods, spices, and garments.
CISMEF 2024 served as a strategic platform for SMEs, enabling them to forge connections with international buyers and explore partnerships across mainland China and beyond. Marking Sri Lanka’s ninth consecutive year of participation, the event underscored the country’s dedication to expanding SME horizons through global exposure.
Key Gains from Participation:
Technology Advancements: Delegates observed cutting-edge production techniques and explored sourcing equipment to boost operational efficiency.
Innovative Product Development: Insights into market-driven improvements, packaging innovation, and quality standards offered valuable guidance for refining product offerings.
Export Preparedness: Entrepreneurs gained a deeper understanding of navigating export markets and leveraging opportunities cost-effectively.
The delegation achieved immediate results, securing US $100,000 in spot sales and confirmed export orders for cinnamon, coir products, and jewellery. Ongoing negotiations with international buyers hold promise for establishing enduring trade partnerships.
Entrepreneurs commended the EDB and IDB for organizing the event, describing it as a transformative experience. One participant shared: “The knowledge we gained on product standards and export strategies will drive significant growth in our business.”
Addressing Challenges
Despite the success, participants identified challenges, particularly around obtaining the General Administration of Customs of China (GACC) certification, which is essential for completing confirmed orders and accessing broader Chinese markets. In response, the EDB committed to addressing these barriers in collaboration with Sri Lankan diplomatic missions in China.
The delegation’s achievements at CISMEF 2024 underscore Sri Lanka’s growing capability to compete globally, contributing to foreign exchange earnings and paving the way for sustainable SME growth internationally.
