Sri Lankan exporters can get govt funds for market studies
ECONOMYNEXT – The Sri Lankan government can give funds for market studies for exporters looking to enter new markets and sell new products under a new support program, Minister of Development Strategies & International Trade Malik Samarawickrama said.
The ‘Market Access Support Programme’ launched by the Export Development Board has already received hundreds of applications, he told the Presidential Export Awards ceremony.
“We have already granted assistance to dozens of companies to help them with their overseas expansion.”
Samarawickrama said that although under the GSP+ trade deal giving duty free access to the European Union, Sri Lanka has around 6000 items open, exporters keep sending a handful of products lines.
“We must diversify this by looking at what the markets want, what products are required, and catering cleverly to this,” he said.
“Under the ‘Market Access Support Programme’, if you want to do a market study to provide you the market intelligence, we can grant funds to support that.”
Samarawickrama said the next window under this will be the ‘Enterprise Innovation Programme’ to support transformative innovation to diversify the product basket to be launched by next month.
“Through the ‘Enterprise Sri Lanka’ loan schemes, enterprises can get highly concessionary financing to fund expansion, technology upgrading, and win new export orders,” he said.
“And through the EDB’s‘2000 Exporter Programme’ – we are going district by district –finding and fostering a whole new cohort of potential exporters, to make this trade-led growth more inclusive than ever before.
“Our vision is for every enterprise to aspire to export and giving them assistance to make that aspiration come true.”
(COLOMBO, 20 September, 2018)