EDB to streamline export procedure
Ramani Kangaraarachchi
The Export Development Board will streamline export procedure in
three stages to improve the Doing Business Ranking of Sri Lanka.
Increased container handling at the Colombo Port . Picture by
Saliya Rupasinghe |
Export Development Board Finance Director M.D.K. Mendis speaking at
the “Improving Doing Business Ranking of Sri Lanka” seminar at the
Central Bank on Saturday said this will be done initially with tea and
apparel sectors.
Phase two will develop the simplified documents sharing common data
base to minimize processing time. Finally the Export Data Input (EDI)
system will be developed.
The process will be simplified by providing common data sharing and,
modern e-technology facilities, expanding services of agencies of One
Stop Shop OSS and other service providing agencies and developing IT
facilities with the support of ICTA.
Mendis said investors have to go to ten places wasting time to get
things done at present as service providers are scattered causing
inconvenience, undue delays, high volume of documents, low productivity
and high transaction cost.
The objective of OSS is to speed up document processing, minimize
inconvenience, improve productivity, avoid undue delays leading to
enhance competitiveness of Sri Lankan exports.
The OSS facilitates exporters to submit documents to a single entry
point and to fulfill all export related regulatory requirements under
one roof.
Inadequate diversification is another reason for the low business
ranking and the EDB will diversify its product range through value
addition via branding in order to make Sri Lanka exports a US$ 20 bn
industry by 2020. |