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EDB Chairman Suresh De Mel[/caption]
In the backdrop of a dramatic surge in Covid-19 cases in India and the subsequent paralysis of its economic activities, Sri Lanka Export Development Board (EDB) Chairman Suresh De Mel predicts that there “could” be a drop in demand for Sri Lanka’s exports to India.
Speaking to The Morning Business, De Mel stated that this is “only a prediction”, as it is premature to statistically confirm a drop in Sri Lankan exports to India.
“We expect something to happen; there is nothing as of yet. Their second wave is still new to us,” De Mel commented.
However, the EDB Chairman revealed that the least-affected export markets are the US and Europe.
“The US market is a huge market, and the European market continues to perform as well. There haven’t been any drastic changes yet,” De Mel stated.
“There are certain sectors such as apparel that have dropped. I cannot affirm that, as there is no big change as of yet,” De Mel commented.
On the other hand, the EDB assured that several measures have been undertaken in order to safeguard Sri Lankan exports against the adverse effects of Covid-19.
“We are taking a few measures to make sure that the export industry doesn't get drastically affected and that exporters can operate,” De Mel commented.
De Mel continued to state that based on the guidelines, and the EDB’s previous experience, the EDB hopes that unnecessary delays can be avoided with support from the health authorities.
“If there is an opportunity, we hope the Health Ministry would support us in cutting down on unnecessary delays such as when obtaining a curfew pass and so on,” De Mel commented.
The EDB affirmed that it is making its best efforts to on top of the latest updates by working alongside the Police and the Covid Task force to try and be on top of the situation.
De Mel further revealed that exporters have been equipped with an alert system in order to be updated with the latest information.
“The exporters can also contact the EDB 24/7 on this alert system. They are familiar with this system, as we used it during the previous wave,” De Mel commented.
Accordingly, the EDB said it facilitated logistics for exporters while ensuring they were clear on the situation. In terms of the previous experiences of the EDB, it was stated that there were issues at the Port and at Customs that the EDB was able to resolve.
De Mel also stated a similar approach is going to be taken this year where the EDB is going to be facilitating solutions to the challenges posed due to the coronavirus pandemic.
Lastly, De Mel assured: “We are geared up and we know there are points of contact that we can reach out to in an unusual situation.”
The EDB set up an export target of $ 16 billion for the year 2021 upon considering the possible adverse effects of the coronavirus.