Press briefing of Cabinet Decision taken on 2023-11-27 (Subject to Confirmation at the next Meeting)

Signing a Framework of Cooperation (FoC) between the Sri Lanka Export Development Board and the International Fair Trade Networks

- International Fair Trade Network is a global network which shares benefits more equally through standards, certification, producer support programmes and advocacy. A number of organizations engaged in international trade work as partners of the said International Fair Trade Network. It has the capacity to advocate for policies which support the 'Fair Trade' and 'Trade Justice' and to interact with the European Union institutions and maintain a continuous dialogue with them. The Sri Lanka Export Development Board has proposed to formulate an Action Plan in association with the partners of International Fair Trade Network in order to promote the 'Fair Trade Concept' in Sri Lanka. Accordingly, the proposal made by the Hon. President in his capacity as the Minister of Investment Promotion to sign a 'Framework of Cooperation' with a view to enhancing the cooperation between the International Fair Trade Networks and Sri Lanka, was approved by the Cabinet.