AMN / BIZ DESK
The Sri Lankan Cabinet has approved the National Export Development Plan (NEDP) for 2026–2030, a new five-year strategy designed to accelerate economic recovery following the country’s 2022 financial crisis. The ambitious roadmap aims to boost annual export earnings to $36 billion by 2030. By shifting toward an export-driven economic model, the initiative seeks to establish the island nation as a highly competitive regional hub for both logistics and the knowledge economy.
Launching the strategy, Sri Lankan Industries and Entrepreneurship Development Minister Sunil Handunnetti said sustained policy consistency and transparency would be essential to achieving the country’s export ambitions. The framework identifies eight priority sectors, including digital products and services, auto components, electrical and electronic components, processed food and beverages, spices, rubber, as well as marine-based and mineral-based industries.
Chairman of the Export Development Board, Mangala Wijesinghe, said the plan would improve trade logistics, accelerate customs digitisation and help small and medium-sized enterprises gain access to global markets. He said these measures would support Sri Lanka’s long-term economic transformation and enhance the country’s competitiveness in international trade.