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By Chandeepa Wettasinghe
The Sri Lankan apparel sector finally appears to have started realizing the benefits of the recently reinstated Generalized System of Preferences Plus (GSP Plus) facility with the European Union (EU) with double digit growth in exports, while the exports to the US market too saw an uptick.

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The Brandix Group has topped Sri Lanka’s ranking of exporters for the fifth consecutive year in 2016 to be declared the country’s Exporter of the Year by the Export Development Board (EDB) at a ceremony presided over by President Maithripala Sirisena yesterday.

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Bernard Botejue Industries Ltd., Sri Lanka’s oldest apparel manufacturer and pioneer in the garment sector, commemorates the 25th anniversary of its Bernard Botejue Kolonna plant today (28).

  • Zero duty access for Lankan products in the biggest export market once again from Friday
  • On existing exports basket to Europe, boost is estimated at Euro 300 m or Rs. 51 b per annum
  • Ambassador says benefit higher if diversification of products and new markets pursued
  • Expects FDIs to increase in SL, more jobs and income to people
  • SMEs being supported with Euro 5 million technical assistance project
  • GSP+ benefits for SL until it reaches Upper Middle Income country status
  • EU singles out SL’s achievement as ‘vote of confidence’ that SL Govt. will be progressive in meeting 27 international conventions
  • No serious failures in SL nor is everything perfect says Ambassador; expects SL Govt. to improve its commitment and delivery
  • Lists reconciliation, delay in Counter Terrorism Act replacing Prevention of Terrorism Act, torture, discrimination and child marriages as key issues
  • SL’s progress will be monitored stringently via biannual review; first one in January 2018

GSP Plus is offered to encourage a wider range of products to be purchased by the EU. Most of Sri Lanka’s leading export products are included among the 7,500 products eligible for EU GSP. More than 50% of Sri Lanka’s exports are exported to the EU and the US.

Gets awarded best Port/ Terminal in the Indian Sub-Continent region 2016

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Photo : SAGT Commercial & Marketing Manager Mrs. Dhashma Karunaratne being presented the award by His Excellency Mohammed Sharaf, Assistant Foreign Minister for Economics & Trade of UAE (Former CEO of DP World)

MAS opened a fresh chapter in its history by officially acquiring intellectual property which was researched and created by a Sri Lankan institute yesterday.

The technology is a result of one and a half years of research and development conducted by SLINTEC, and was conceptualised to create superior drying rates for sportswear fabric through a high tech functional coating.

This research project undertaken by SLINTEC, funded by MAS, has resulted in an outstanding solution with built-in simplicity of application which makes it economically viable.

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Brandix Group CEO Ashroff Omar receiving the Sri Lankan Exporter of the Year award from President Maithripala Sirisena yesterday

- Pic by Upul Abayasekera

The Brandix Group won a remarkable 11 awards including the Exporter of the Year award for 2014 and 2015 at the Presidential Export Awards last evening, taking the top honours at this prestigious event conducted by the Export Development Board (EDB).

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MAS Holdings partners with Flextronics International Ltd, a leading Sketch-to-Scale solutions company that designs and builds intelligent products for a connected world.

In an interesting turn of events, the Britain’s decision to leave the European Union (EU) is expected to result in a level playing field for Sri Lanka’s apparel exporters as countries which currently enjoy duty-free access to the United Kingdom (UK) set to lose the facility in such an eventuality, according to  an industrialist.

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JAAF 

Sri Lanka Garments

sri lanka garments 2016Journal & Directory of the Sri Lanka Apparel Exporters Association, containing valuable information with regard to the apparel industry.
Issue No. 89

 

Contact :
Sri Lanka Apparel Exporters Association,
50/1,Rosmead Place, Colombo 7
Tel: +9411 2675050, 2674528 
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