‘SL should move away from traditional exports’


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The Export Development Board targets an export income of US$ 14.5 billion this year despite a tough global business environment that has even affected the level of consumption in countries.

 

The EDB has set an ambitious target and is confident of reaching it, although there has been a major setback in export revenue since last year.

 

Export income dwindled from around 34 percent to 14.5 percent last year given the highly volatile global economic scenario triggered by the instability in the Middle East, the depreciation of the Russian Ruble, the US elections as well as the European Union turmoil due to Brexit.

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