Exporters call for appointment of competent authority to overlook international trade

The National Chamber of Exporters (NCE) of Sri Lanka yesterday called for the appointment of a competent authority to overlook international trade, particularly exports and to set a robust structure to strengthen the supply chains moving forward. 

Sri Lankan exporters have been performing well, overcoming every challenge, keeping their heads above water and have managed to sustain a continuous flow of foreign exchange. 

They have been able to fulfil buyer expectations amidst the ongoing socio-economic turmoil in the country. However, due to various constraints, including shortage of fuel and energy, the factory operations have been affected badly.

In this backdrop, the NCE warned that international buyers tend to lose confidence in Sri Lankan exporters, due to the ongoing commotion in the country. 

“The exporters take long and hard years to build creditability in the global market for Sri Lankan products and services. Yet, now they face a threat of losing such status. It is therefore one of the utmost responsibilities of the policymakers to support this vital sector, to sustain exports, which is currently the only sizable foreign exchange earner to the country,” an NCE media release said.“It is therefore required to support this industry as an essential service, thereby to provide energy and fuel to keep factories running for a smooth operation. 

The exporters simply cannot lose buyers as it will be an arduous task to find buyers, especially amidst a severe competition by neighbouring countries,” it added.  

“Managing the shortage of foreign exchange within the shortest possible time and restoring the supply of essential items, medicine, fuel and domestic gas, have become the priority. Most importantly, the policymakers must ensure the entire system is resurrected, supported and strengthened within a short period of time to guarantee important functions are carried out without any interruptions, which include customs, ports and public transport, etc.,” it further said.   The NCE also made a special request from the government to engage the private sector to work on export-related initiatives.