Jan 03, Colombo: Minister of Development Strategies and International Trade, Malik Samarawickrama says the present government is engaged in formalizing the export policy.
Addressing a media briefing held in Colombo today to brief on the progress achieved by the Sri Lanka Export Development Board in 2018, Minister Samarawickrema said if it wasn't for the political turmoil prevailed post-October 26, Sri Lanka could have met the export income target set for 2018.
The Minister also explained the export policies set for the period 2018-2022 and planned projects for 2019.
He said the government aims to make Sri Lanka an export hub led by innovation and investments.
Expressing his views, Minister Samarawickrema said a formal, well-planned program has been introduced in various sectors for the promotion of exports.
He added that the government is following broader procedures to provide the assistance needed by the exporters.
The Minister noted that in 2018, government targeted export earnings of US $ 17.4 billion, but it was possible to earn US $ 17 billion. The Minister said that the political crisis was the reason for this downturn.