EDB announces Boat Show and Fisheries expo

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Published by : CT Web 2016-06-24 16:33:17

By Chanaka de Silva

The Export Development Board (EDB) in association with the Ministry of Industry and Commerce announced the launching of the Boat Show and Fisheries exhibition to be held from the 13th to 15th October 2016 at the Dickowita Fisheries Harbor.

Minister of Fisheries and Aquatic Resources, Mahinda Amaraweera addressing the gathering said there is a large market in the world for boats made in Sri Lanka. This is a very good foreign currency earner. The lifting of the EU ban on fish exports will also give a much needed boost to the boat building industry of this country.

He added that, to meet this challenge we are making available 10 large sea going fishing crafts at 50percent subsidy and we are extending this same subsidy to 100 other fishing crafts that require refurbishments and upgrading as a relief measure. This upgrading is essential as presently 30 to 40 percent of the catch is unusable due to the poor facilities on the fishing crafts.

"We must now find new ways of bringing in foreign exchange to the country rather than the traditional methods that we have been using so far. We can no longer depend on the traditional exports. This industry is a well organized sector. It is small but well run and it has a lot of potential. This way we can give the talented of the country opportunity to prosper. One of the days that WEDF is held a day for visiting the Boat show is scheduled. This will give our exports a good boost, by showing the facilities we offer to the prospective countries that wish to invest. Thus creating new opportunities for them," Sri Lanka Export Development Board Chairperson, Indira Malwatte said.

Also addressing the gathering Penthouse Group Chairman, Neil Fernando said, the exhibition is a major event for the boat builders in the countries. This way we can showcase our capabilities and attract investment from foreign businesses. We have exported a large number of fishing vessels to our neighboring countries in the recent past. With the end of the war it has opened a lot of opportunity for the boat building industry in the country. Therefore we should also look at the tourism sector and the pleasure boats. With the building of more marinas this is a sector for growth that can be exploited. This year it will be held in conjuncture with the 16th World Export Development Forum (WEDF) which will be held from the 11th to the 13th as well.

This 16th edition of WEDF is co-hosted by ITC and the Ministry of Development Strategies and International Trade of Sri Lanka, through the Sri Lanka Export Development Board (EDB).WEDF is a unique global conference and business-to-business (B2B) matchmaking platform dedicated to supporting trade-led development.

As the flagship event of the International Trade Centre (ITC), WEDF brings together over 600 business leaders, policymakers, heads of trade and investment support institutions and international trade development officials to address international competitiveness for developing countries.

ITC is the only United Nations organization focusing exclusively on small and medium-sized businesses, which are now recognized as a cornerstone for development by the United Nations as well as by the G7 and the G20.

ITC helps small and medium-sized enterprises (SMEs) grow and compete internationally, building on business opportunities.

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