EU & Sri Lanka Partner to Boost Sustainable Export Trade š
The Sri Lanka Export Development Board (EDB) has initiated a collaboration with Expertise France to advance sustainable, climate-resilient, and circular trade with the European Union (EU) under the EU's Global Gateway Strategy. ā¢ Key Initiative: The EU-funded project focuses on integrating Sri Lanka into EU markets by aligning trade-related regulations, advancing the green transition, and implementing climate-adaptive practices. ā¢ Sector Focus: Discussions centered on strengthening the competency of Sri Lanka's export ecosystem, particularly focusing on small and medium enterprises (SMEs) to enhance inclusive growth, diversification, and employment resilience. ā¢ Compliance: The partnership will help local exporters comply with stringent, evolving EU environmental and sustainability regulations. ā¢ Current Status: Areas and industries for the project's scope have been discussed, with both agencies committing to close cooperation for implementation, based on initial framework alignment.