January 16, Colombo (LNW): The Sri Lanka Export Development Board (SLEDB) has officially announced the reinstatement of the Council of Ministers for Export Development, a significant move after an absence of 28 years.
This marks a pivotal moment in the nation’s efforts to revitalise its export sector and enhance economic growth.
Chairman of the Export Development Board, Mangala Wijesinghe, shared the news, revealing that President Anura Kumara Dissanayake will assume the role of chairperson of the newly reformed council.
Whilst there have been previous attempts to establish such a council in the past, these initiatives lacked proper implementation, leading to limited success.
However, Wijesinghe expressed confidence that the current council would be more systematically structured, with clear objectives and a strategic focus on expanding Sri Lanka’s export capabilities.
The primary goal of the newly formed council is ambitious yet essential: to elevate Sri Lanka’s export income of goods and services to an impressive 18 billion dollars by the end of the current year.
This target reflects the government’s determination to boost the country’s international trade and secure a more prominent position in global markets.
The re-establishment of the Council of Ministers for Export Development is expected to provide a much-needed coordinated approach to export growth, addressing key challenges and seizing new opportunities across various sectors.
