Trade Relations

Sri Lankan Trade Delegation Strengthens Ties with Australian Food Industry

The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Consulate General in Melbourne (SLCG) and the Sri Lanka-Australia Chamber of Commerce (SLACC), successfully organized a trade delegation to Melbourne, Australia, from September 2 to 6. This initiative brought together 17 distinguished Sri Lankan companies, chosen through a rigorous selection process based

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Business

Sri Lanka’s Tea Exports Drop 6.2% in July 2024, But FOB Value Rises

Sri Lanka’s tea exports in July 2024 totaled 21.35 million kilogrammes, marking a 6.2% year-on-year decline. While bulk and packeted tea exports showed negative variances, tea bags recorded a marginal gain compared to July 2023. The FOB value for July 2024 increased to Rs.1,773.70, up Rs.158.39 from the previous year. From January to July 2024,

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Economics

Tea Exports Cover $60M of Sri Lanka’s Fuel Debt to Iran

The Sri Lanka Tea Board announced that exports of Ceylon Tea have successfully offset $60 million of the country’s fuel bill owed to Iran. Since 2011, Sri Lanka had accumulated arrears of $251 million for fuel imports from Iran. Chairman Niraj De Mel noted that this settlement was achieved as tea exports to Iran tripled

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