š Priority Fuel Supply Fast-Tracked for Sri Lankan Exporters
The Export Development Board (EDB) has launched a high-priority initiative to secure uninterrupted fuel supplies for the export sector, mitigating risks from Middle East tensions and domestic QR rationing. ⢠National Priority: The government is treating the export sector as a "frontline national task" to maintain global competitiveness and economic stability. ⢠Scope of Impact: The program aims to shield over 4,500 exporters across critical industries, including apparel & textiles, tea, and spices. ⢠Immediate Action: The Ministry of Industry and Entrepreneurship is currently collecting consumption data. The EDB has urged any remaining exporters to submit their information immediately to facilitate swift, barrier-free allocations. ⢠Economic Context: This move seeks to insulate the backbone of the economy from rising global fuel prices and supply chain disruptions, ensuring employment and foreign exchange inflows remain steady.