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Sri Lanka charts bold course in global trade with strengthened Bangladesh ties
June 21, 2025
|Daily FT
EDB Chairman Mangala Wijesinghe outlines intensified export growth strategy focused on Bangladesh and market diversification
- Highlights Bangladesh as Sri Lanka's 12th largest export market and 28th import partner
- Notes 2024 trade growth with Bangladesh up 39% in exports to $ 241.5 m, 26% in imports to $ 83.8 m
- Points out bilateral trade climbing from $ 202 m in 2019 to $ 325 m in 2024
- Reports total exports at $ 16.2 b in 2024 led by apparel, tea, rubber, and ICT/BPM sectors
- Introduces new five-year Export Development Plan aiming for 12% annual export growth, up from 3%
- Identifies key sectors: textiles, paper and electrical exports to Bangladesh, with imports of pharmaceuticals and garments, and expansion into animal feed, rubber products, and value-added agriculture
- Emphasises boosting services exports through ICT, digital finance, business analytics, and education for Bangladeshi students
EXPORT Development Board (EDB) Chairman Mangala Wijesinghe this week confirmed that the Government is intensifying efforts to expand Sri Lanka's international trade footprint, with renewed focus on deepening economic ties with Bangladesh and fostering strategic export partnerships.
هذه القصة من طبعة June 21, 2025 من Daily FT.
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