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Global slowdown to impact Lanka s $2 b tea export target
Tuesday, 18 November 2008 - 8:58 PM SL Time
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Global slowdown can put a spanner in Sri Lanka s ambitious target of achieving $2 billion tea exports by 2010 with the country s foreign minister urging friendly`` tea importing nations to continue buying more tea from the island nation.
After meeting the mission and envoy head of Egypt, Iran, Russia, Saudi Arabia, Iraq, Kuwait and Qatar late last week, Foreign Minister Rohitha Bogollagama had said, Sri Lanka is seeking the support of friendly countries who are principal buyers of Ceylo n tea, to remain active in the tea market, in order to promote tea exports from Sri Lanka and to maintain price stability``.
Further the minister stated that most of the major markets for Ceylon tea are under private sector that plays a dominant role in determining prices influenced by market forces of demand and supply. However, he observed that governments could still play a complementary role in facilitating the activities of the private tea companies in the market to ensure a sustained demand for Sri Lankan tea. He outlined the remedial measures taken by the Government of Sri Lanka in maintaining stable tea prices at the Colombo auctions, including the activation of a Tea Stabilization Fund, a 6 per cent interest subsidy on bank loans for members of the tea trade, as well as the intervention of the Sri Lanka Tea Board at the Colombo tea auction.
He also underscored the importance of the tea industry to the Sri Lankan economy, noting that this billion dollar industry accounts for more than two-thirds of the country`s agricultural export earnings, contributing about 4 per cent to the GDP
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kiora
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 19 Nov 2008 02:23:09 GMT Report for Abuse
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Rubbish according to RB Governor Mr Cabarala Sri Lanka is heading for 8 to 9 percent growth.2 billion Us $ from tea alone impressive.Not 2 billion Sri Lankan Rs.One Us $ per kilo 2 billion kilo's of tea will be produced in Sri Lanka by 2010. Remarkable achievement I wonder is there any land will be left for inhabitance by 2010.
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kiwikanga
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19 Nov 2008 08:10:17 GMT Report for Abuse
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| Enda enda waadi wenda tea ekak beela yanda!! |
Spetsnaz1
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 19 Nov 2008 13:36:47 GMT Report for Abuse
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Global slowdown can put a spanner in Sri Lanka s ambitious target of achieving $2 billion tea exports by 2010 with the country s foreign minister urging friendly'' tea importing nations to continue buying more tea from the island nation.
Lets hope SL comes up with better strategies than this to tackle the tea market over seas with global economic problems since it is one of our biggest exports.. it will effect a lot of people in up country.. |
kiwikanga
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19 Nov 2008 23:57:44 GMT Report for Abuse
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Lets hope SL comes up with better strategies
The only strategy is to propogate and publicise that the WAR is going on fantastically. That too with a strategy of total ban on the independent media getting anywhere near the battle zones!! Good strategy isn't it?
With the war strategy any failures and inadequacies in any other areas can be covered up. Seen and proven! |
Vishnu
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 20 Nov 2008 04:35:00 GMT Report for Abuse
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With the war strategy any failures and inadequacies in any other areas can be covered up. Seen and proven!
By LTTP? |
p007
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20 Nov 2008 04:48:36 GMT Report for Abuse
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After meeting the mission and envoy head of Egypt, Iran, Russia, Saudi Arabia, Iraq, Kuwait and Qatar late last week, Foreign Minister Rohitha Bogollagama had said, Sri Lanka is seeking the support of friendly countries who are principal buyers of Ceylo n tea,....
With the exception of Russia, all the other countries are Muslim countries. SL needs these Muslim countries for military assistance (Pakistan and Iran) and financial and economic help. The MR govt has benefited immensely from help from the Muslim countries with Iran alone giving more than $1.5bn a few months back.
But the ungrateful Sinhala Racists led by the JHU don't want the Muslim Tsunami victims to have the 500 houses built out of Saudi funds and Muslims staged a Hartal in Colombo two weeks back protesting against Racist actions and statements from JHU strong man Champika.
How long can the MR govt play this game of harassing the Muslims here and running with the Begging Bowl to Muslim countries? |
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