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<title>Lanka Business – Business Insight. Bold Moves. &#45; : Trade &amp;amp; Export (Key Industries: Tea, Apparel, IT)</title>
<link>https://lankabusiness.lk/rss/category/Trade-&-Export-Key-Industries:-Tea,-Apparel,-IT</link>
<description>Lanka Business – Business Insight. Bold Moves. &#45; : Trade &amp;amp; Export (Key Industries: Tea, Apparel, IT)</description>
<dc:language>en</dc:language>
<dc:rights>Copyright 2024 Lanka Business &#45; All Rights Reserved.</dc:rights>

<item>
<title>Sri Lanka’s gem legacy to shine at FACETS 2025</title>
<link>https://lankabusiness.lk/sri-lankas-gem-legacy-to-shine-at-facets-2025</link>
<guid>https://lankabusiness.lk/sri-lankas-gem-legacy-to-shine-at-facets-2025</guid>
<description><![CDATA[ FACETS Sri Lanka, the country’s leading international gem and jewelry exhibition, returns for its 31st edition from January 4–6, 2025, at Cinnamon Grand Colombo. Organized by the Sri Lanka Gem and Jewellery Association, this event attracts global traders, exporters, and collectors, spotlighting Sri Lanka’s expertise in gemstone production, especially sapphires. With highlights like ‘Sapphire Night,’ the ‘Power Breakfast’ for women leaders, and a ‘Mine Tour’ showcasing local mining practices, FACETS 2025 promises ample networking and growth opportunities. The exhibition continues to position Sri Lanka as a top destination for gemstones and fine craftsmanship. ]]></description>
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<pubDate>Sat, 26 Oct 2024 16:40:53 +0530</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>&quot;Global Gemstone Excellence Sri Lanka&quot;</media:keywords>
</item>

<item>
<title>Apparel exports surge 19% in September with strong demand from US</title>
<link>https://lankabusiness.lk/apparel-exports-surge-19-in-september-with-strong-demand-from-us</link>
<guid>https://lankabusiness.lk/apparel-exports-surge-19-in-september-with-strong-demand-from-us</guid>
<description><![CDATA[ Sri Lanka’s apparel sector experienced significant growth in September 2024, with exports rising 19.06% year-on-year to $396.73 million, according to the Joint Apparel Association Forum (JAAF). The United States, the largest buyer, saw exports surge by 37.79% to $168.45 million, while the European Union recorded a 5.16% increase to $112.30 million. Overall, cumulative apparel exports for 2024 reached $3.55 billion, reflecting a 4.03% increase compared to 2023, with the UK contributing $521 million in exports, marking an 8.61% rise. ]]></description>
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<pubDate>Fri, 25 Oct 2024 19:13:46 +0530</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>Growth</media:keywords>
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<title>Sri Lanka’s Road to Global Competitiveness: Insights from Trade, Energy, and Agriculture Policies</title>
<link>https://lankabusiness.lk/sri-lankas-road-to-global-competitiveness-insights-from-trade-energy-and-agriculture-policies</link>
<guid>https://lankabusiness.lk/sri-lankas-road-to-global-competitiveness-insights-from-trade-energy-and-agriculture-policies</guid>
<description><![CDATA[ smaller
ChatGPT said:
ChatGPT
In 2023, Sri Lanka&#039;s exports made up 20.4% of GDP, with a significant reliance on apparel and traditional sectors like tea. The IPS annual report launch highlighted the need for reforms in trade, energy, and agriculture to boost competitiveness.

Key discussions included the potential benefits of joining the Regional Comprehensive Economic Partnership (RCEP) to diversify exports. Rising energy costs were affecting profit margins in the apparel and tea industries, prompting calls for support for renewable energy initiatives.

The agriculture sector was encouraged to promote minor export crops, like Ceylon cinnamon, to tap into global markets. Strengthening regulations in these areas is crucial for enhancing Sri Lanka&#039;s competitiveness and achieving economic resilience. ]]></description>
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<pubDate>Fri, 25 Oct 2024 18:45:12 +0530</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>&quot;Sustainable Export Transformation&quot;</media:keywords>
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