He explained that this lack of analysis is due to unpredictable situations in both Sri Lanka and its export markets, making it difficult to make an accurate calculation. “Sri Lanka and our export markets are going through a challenging situation, and it will take us some time to understand the actual effects of this. At the time, he stated that the target was fairly achievable thanks to the industry’s resilience, as well as the new initiatives put forth by the industry and the overall resilience of its stakeholders. Excluding the markets of the US, the UK, and Germany, other countries among Sri Lanka’s top 10 export markets showed an increase in exports towards the end of the year. Instead, he suggested that the sector focus on exports that have developed a competitive advantage over the years, such as tea, apparel, and spices.

Source: The Nation May 15, 2021 22:41 UTC