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Sri Lanka’s fish exports to EU up by over 45 percent

Editor by Editor
December 28, 2017
in Business
Reading Time: 1 min read
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Empowerment of Coastal Fishing Communities for Livelihood Security (BGD/97/017). The model developed by the Empowerment of Coastal Fishing Communities for Livelihood Security (ECFC) provides a platform for the inherent ability of coastal communities to organise, mobilise and manage human capital towards achieving collective economic, social, educational and political goals. There is keen and justifiable interest within government agencies, community organisations as well as donor agencies in expanding this model to the rest of the country and an application to the donor agencies towards this effect is in the pipeline. ECFC's philosophy was based on a sustainable livelihood approach, implemented in Cox's Bazar and aimed at empowering coastal fishing communities.. This was a Technical Assistance (TA) type development project piloted in 118 fishing villages of the district.

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Colombo, Dec 28 (newsin.asia) – Sri Lanka’s fish exports to the European Union (EU) countries has recorded a 45.9 percent increase till November following the lifting of a ban on fish exports by the EU in June, the government information department said Thursday.

Fish exports to the European Union countries amounted to 18,262 metric tons from January to September. This recorded a total value of Rs. 28,685 million.

“This was a 45.9 percent increase compared to the exports during the previous year. Revenue wise, it was a 47.7 percent increase,” the information department said.

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The EU completely lifted the ban on fisheries exports from Sri Lanka in June after it announced a ban in January 2015.

The ban came into effect in February 2015 and Sri Lanka’s sea food exports plummeted 35.5 percent to $163.3 million that year compared to 2014.

Sri Lanka was warned in 2012 by the EU over its failure to implement control measures in fishing adequately and comply with international and regional fisheries rules.

The EU lifted the ban, 15 months later after the island nation changed its laws to fight against illegal, unreported and unregulated fishing.
The EU is Sri Lanka’s largest importer of goods accounting for around a third of its total exports.

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