The Committee on Ways and Means has highlighted the crucial role of small and medium-sized enterprises (SMEs) in boosting exports under the South Asian Free Trade Agreement (SAFTA), stressing the need for increased awareness and the adoption of digital tools to enhance trade opportunities.
During a recent parliamentary committee meeting chaired by Deputy Minister of Finance and Planning Dr. Harshana Suriyapperuma, officials discussed the importance of utilizing trade agreements to support SME exports.
It was noted that businesses focused on exports are already referred to the Export Development Board (EDB) for guidance and assistance.
However, officials acknowledged that additional efforts are necessary to help SMEs fully take advantage of the opportunities available to them.
The Committee Chair emphasized integrating export awareness into the business registration process and called on government officials to use digital platforms and innovative methods to engage a broader audience.
Committee members stressed the need for a structured program to incentivize SME exports, particularly as Sri Lanka works to enhance foreign exchange earnings.
They also underscored the importance of raising awareness at the grassroots level to ensure small businesses nationwide can access SAFTA-related trade benefits.
The meeting was attended by Digital Economy Deputy Minister Eranga Weeraratne, Tourism Deputy Minister Prof. Ruwan Ranasinghe, MPs Arkam Ilyas, Nilanthi Kottahachchi, Wijesiri Basnayake, Sunil Biyanwila, Ruwan Mapalagama, Thilina Samarakoon, and Champika Hettiarachchi.
Officials from the Ministry of Finance, Planning, and Economic Development, as well as the Ministry of Trade, Commerce, Food Security, and Cooperative Development, were also present.
Leave a comment