The Sri Lanka Export Development Board and the Foreign Ministry are working closely together to increase the country’s export revenue

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The Sri Lanka Export Development Board and the Foreign Ministry are working closely together to increase the country’s export revenue and mitigate the negative impact of the COVID-19 pandemic on the export industry. Sri Lanka’s export income which stood at 277 Million US dollars in April 2020 has increased to 1,090 Million US dollars in July 2020 and is projected to grow in the coming months. There are several joint initiatives taken by the EDB and the Foreign Ministry to enhance exports. This includes identifying new market opportunities, creating awareness by disseminating market alerts, addressing supply chain issues, enhancing capacity building through webinars, and creating business linkages to support existing exporters to sustain their exports. During the COVID-19 lockdown which began in late March, Sri Lanka’s Missions and Posts overseas continued to share updates and developments relevant to the markets they covered. These updates included available market opportunities as well as changes to trade and policy regulations during the pandemic which enabled Sri Lanka’s exporters to adapt accordingly.

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