News

agm2017

The 35th Annual General Meeting of the Sri Lanka Apparel Exporters Association was held on 28th November 2017 at the Hilton Colombo Residences.

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The world’s largest industrial thread manufacturer and one of the Lankan apparel industry’s most trusted value chain partners, Coats Thread is a historic company that is over two centuries old. However, this has not stopped Coats from becoming one of the most technologically-advanced thread makers in the world, with a strong digital front and a strong vision that connects it to the future of fashion.

  • Indonesia, Thailand and Malaysia selected under new measure
  • Exporters predict earnings will hit $ 5 b this year, expect higher revenue in 2018
  • Wants to target Germany and other EU countries to offset Brexit impact
  • Hails liberalisation measures and legal reforms outlined in Budget 2018

Helavation, the innovation arm of leading Sri Lankan-based global apparel manufacturer, Hela Clothing, today announced the launch of their first augmented reality enabled clothing for children. The collaboration between Hela and British retailer, Tesco, is due to hit stores this December.

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By Chandeepa Wettasinghe
The apparel industry has set its sights lower for the medium term with a US $ 8 billion annual export target to be reached by 2022 over the delays in regaining the duty free access to the European Union (EU) via GSP Plus and due to the economic and political uncertainties in key Sri Lankan export markets.

By Chandeepa Wettasinghe
The Sri Lankan apparel sector finally appears to have started realizing the benefits of the recently reinstated Generalized System of Preferences Plus (GSP Plus) facility with the European Union (EU) with double digit growth in exports, while the exports to the US market too saw an uptick.

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The Brandix Group has topped Sri Lanka’s ranking of exporters for the fifth consecutive year in 2016 to be declared the country’s Exporter of the Year by the Export Development Board (EDB) at a ceremony presided over by President Maithripala Sirisena yesterday.

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Bernard Botejue Industries Ltd., Sri Lanka’s oldest apparel manufacturer and pioneer in the garment sector, commemorates the 25th anniversary of its Bernard Botejue Kolonna plant today (28).

  • Zero duty access for Lankan products in the biggest export market once again from Friday
  • On existing exports basket to Europe, boost is estimated at Euro 300 m or Rs. 51 b per annum
  • Ambassador says benefit higher if diversification of products and new markets pursued
  • Expects FDIs to increase in SL, more jobs and income to people
  • SMEs being supported with Euro 5 million technical assistance project
  • GSP+ benefits for SL until it reaches Upper Middle Income country status
  • EU singles out SL’s achievement as ‘vote of confidence’ that SL Govt. will be progressive in meeting 27 international conventions
  • No serious failures in SL nor is everything perfect says Ambassador; expects SL Govt. to improve its commitment and delivery
  • Lists reconciliation, delay in Counter Terrorism Act replacing Prevention of Terrorism Act, torture, discrimination and child marriages as key issues
  • SL’s progress will be monitored stringently via biannual review; first one in January 2018

GSP Plus is offered to encourage a wider range of products to be purchased by the EU. Most of Sri Lanka’s leading export products are included among the 7,500 products eligible for EU GSP. More than 50% of Sri Lanka’s exports are exported to the EU and the US.

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JAAF 

Sri Lanka Garments

SLAEA Magazine Front Cover 2Journal & Directory of the Sri Lanka Apparel Exporters Association, containing valuable information with regard to the apparel industry.
Issue No. 90

 

Contact :
Sri Lanka Apparel Exporters Association,
50/1,Rosmead Place, Colombo 7
Tel: +9411 2675050, 2674528 
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