Bangladesh gearing for top garment spot

After wage unrests that hit headlines, Bangladesh’s Ready Made Garment [RMG] sector is warming-up to become the ‘most competitive clothing manufacturing destination in the world’ within the decade. Read the rest of this entry »

Shipping costs out of Asia on the way up

The Asian Shippers Council (ASC) says shipping costs out of Asia are increasing. Both buyers from Asian manufacturers, and Asian country exporters, will feel the increase this year. Read the rest of this entry »

Trade and politics – this time US GSP and Sri Lanka

Trade unions wanted Sri Lanka removed from the US GSP, but are now having a change of heart. Read the rest of this entry »

GSP+ benefit to EU buyers € 78 million

Sri Lanka’s  Central Bank says buyers in the European Union (EU) benefited to the value of  78 million euros from GSP+ exports from Sri Lanka. Read the rest of this entry »

Chinese to build Colombo South Harbour terminal

Government to issue letter of intent by end of July to China Merchants Holdings International, for the US$ 450 million Colombo South Harbour terminal construction. Read the rest of this entry »

Garment industry wants trade agreements with more countries

In its latest 5 year strategy, Sri Lanka’s garment export industry is asking the government to negotiate more preferential trade agreements. Read the rest of this entry »

Ceylon Tea to bring US$1.3 billion in 2009, despite production fall

The Sri Lanka Tea Board says Ceylon Tea export earnings for 2009 will hit US$ 1.3 billion, despite a nearly 29 million kilo production drop during the year. Read the rest of this entry »

Ceylon tea outputs down in 2009

Sri Lanka’s tea outputs nosedived by 28 million kgs in 2009. Read the rest of this entry »

Foreigners allowed to open rupee accounts in Sri Lanka

Sri Lanka to relax exchange control regulations to promote  trade and investments  in 2010. Read the rest of this entry »

Temporary suspension of GSP+ for Sri Lanka

The European Commission (EC) has recommended “temporary suspension” of the GSP+ trade scheme that allows Sri Lanka to export around 6,000 items duty free into the European Union (EU). Read the rest of this entry »

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