COLOMBO (XINHUA) – Sri Lanka’s Export Development Board (EDB) yesterday said it is developing a five-year strategic plan to increase the country’s annual exports to USD31.3 billion by 2027.
The EDB also plans to increase Sri Lankan exports to the country’s top 10 existing export markets by 10 per cent annually, and identify 10-15 potential new markets and increase Sri Lanka’s market share in them by five per cent annually.
The exports will be expanded by promoting customised value-added products and services to the identified niche markets at premium prices, the EDB said.
Earnings from exports in Sri Lanka surpassed USD13 billion in 2022 for the first time, recording an increase of 4.9 per cent from the highest recorded in 2021.
