The Sri Lanka Export Development Board (EDB), in partnership with the Asian Development Bank (ADB), has commenced a series of stakeholder consultations aimed at formulating the National Export Development Plan (NEDP) 2025-29, a strategic initiative to strengthen the country’s export competitiveness and drive sustainable economic growth.
The consultation session was held today (3) at the EDB in Colombo, bringing together representatives from government agencies, private sector organisations, industry associations, and development partners.
The NEDP has been identified as a key priority in the government’s 2025 budget, with the EDB mandated to lead the initiative under the policy-based lending programme of the Ministry of Industry and Entrepreneurship Development. The plan is expected to be completed by November.
Asian Development Bank (ADB) Sri Lanka Country Director of the Resident Mission Takafumi Kadon provided remarks on the collaborative nature of the initiative.
The NEDP is designed to achieve three core objectives: Enhancing Sri Lanka’s trade competitiveness, expanding regional and global market linkages, and promoting sustainable, trade-led economic growth.
Building upon the foundation of the National Export Strategy (2018-22), the new plan incorporates lessons learned from previous implementation while addressing evolving global, regional, and domestic trade dynamics.
The EDB has organised an extensive consultation programme scheduled from 2-10October, including eight focus group discussions (FGDs) and a technical committee meeting.
A regional consultation workshop will also be conducted, followed by two validation workshops in Colombo in November.
The first day’s consultations focused on critical areas of trade logistics and trade facilitation, with sessions designed to identify bottlenecks in the trade ecosystem and explore solutions in light of global shifts.
Through these consultations, stakeholders are to identify and finalise priority sectors for targeted interventions, explore opportunities to strengthen trade linkages, particularly with emerging regional markets, address challenges in the trade ecosystem, and reach consensus on key policy measures and implementation pathways.
The collaborative approach ensures that the NEDP aligns national export priorities with industry needs and global market opportunities, while incorporating diverse perspectives to create an inclusive and actionable framework.
The completion of the NEDP by November marks a significant step in Sri Lanka’s economic recovery strategy, positioning exports as a key driver of sustainable growth in the coming years.