EDB collaborates with ADB to develop National Export Development Plan 2025-2029

■Core strategic goal set to raise Sri Lanka's export revenue to $ 36 b by 2030 ■Need for export diversification, expansion into new international markets, integration of value-added production across industries emerged as key themes during discussions ■Officials highlight importance of aligning all stakeholders; including State agencies, private sector and development partners around a cohesive and shared export vision ■ADB officials emphasises on defining clear and empowered role for EDB in coordinating and monitoring plan's execution

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SRI Lanka's export engine is gearing up for a major revamp as a high-level delegation from the Asian Development Bank (ADB) met with officials of the Sri Lanka Export Development Board (EDB) kicked off plans to initiate the formulation of the National Export Development Plan (NEDP) for 2025-2029.

The high-stakes meeting on 25 April marked the start of a bold new strategy to catapult local industries onto the world stage and unlock untapped trade potential.

This ambitious initiative, which stems from the 2025 Budget under the "A Thriving Nation - A Beautiful Life" policy framework, aims to position exports as a central driver of the country's economic transformation. A core strategic goal set during the meeting was to raise Sri Lanka's export revenue to $ 36 billion by 2030. The NEDP is being developed as part of a policy-based loan (PBL) program between the ADB and the Industry and Entrepreneurship Development Ministry. It is expected to remain the transformative blueprint for repositioning Sri Lanka in the global trade landscape.