The European Union (EU) plans to leverage the expertise of the International Finance Corporation (IFC) to promote Ceylon cinnamon exports to higher-value markets, according to a statement from the EU Delegation to Sri Lanka and the Maldives.
The EU is also supporting Sri Lanka’s newly established Department of Cinnamon Development through the Export Agriculture in Sri Lanka project, which focuses on improving the quality of Ceylon cinnamon. This initiative includes implementing and enforcing quality standards, building the capacity of field officers and farmer organizations, and providing necessary technology.
President Ranil Wickremesinghe recently inaugurated the Department of Cinnamon Development, dedicated to enhancing cinnamon cultivation and production. The department aims to boost output by leveraging advanced techniques and support systems to elevate the industry.
During the inauguration ceremony, selected cinnamon entrepreneurs were awarded Geographical Indications (GI) certificates. These certifications recognize the highest standards in cinnamon cultivation and production, setting a benchmark for quality and excellence in the industry, the EU delegation’s statement added.