ECONOMYNEXT – The European Union will launch a project this month to help strengthen Sri Lankan exports to the EU, a senior official said.
“The aim of the project is to ensure more business between Europe and Sri Lanka,” said Roshan Lyman, deputy head of the Political and Trade Section Delegation of the European Union to Sri Lanka and the Maldives.
The eight million euro project will engage several Sri Lankan ministries, he told a forum for Danish investors interested in Sri Lanka.
The new project will cover areas like value addition to Sri Lankan exports, supply chain management and World Trade Organisation trade facilitation talks.
It will focus assistance particularly on the information technology and business process outsourcing, as well as the spices sectors, Lyman said.
“The aim is to intensify Sri Lanka’s trade with the European Union. We will fund it, and the International Trade Centre and UNIDO will implement it on our behalf.”
(COLOMBO, Nov 02, 2016)