Cabinet Approves Agreement for Global Textiles and Apparel Program with Switzerland

Date:

July 03, Colombo (LNW): Cabinet approval has been granted to sign the proposed agreement on the Global Textiles and Apparel Program between the Sri Lanka Export Development Board (EDB) and the Swiss State Secretariat for Economic Affairs.

The government has proposed entering into a project agreement with the Swiss State Secretariat for Economic Affairs and the EDB for the implementation of the second phase of the Global Textile and Apparel Program. This initiative aims to support the transformation of Sri Lanka’s textile and apparel industry by promoting digitization and moving towards quality green products.

The proposal, presented by the President in his capacity as Minister of Investment Promotion, was approved by the Cabinet, paving the way for Sri Lanka to seek support from the Global Textiles and Apparel Program for industry advancements.

Share post:

spot_imgspot_img

Popular

More like this
Related

Legacy SIM Crackdown Tests Digital Trust Framework

Sri Lanka’s plan to mandate re-registration of SIM cards...

#ActiveColombo Vision Gains Momentum through Global Triathlon

Beyond tourism revenue, IRONMAN 70.3 Colombo is being deployed...

Sri Lanka’s Four-Band Tariff Plan Carries Revenue Risks

Sri Lanka’s transition to a Four-Band Tariff Policy marks...

New Bonds Test Sri Lanka’s Economic Reform Credibility

Sri Lanka’s next phase of debt restructuring hinges not...