Tea export turnover of two Billion Dollars expected by 2015
Sri Lanka is set to reach a tea export turnover of two Billion Dollars by 2015. Plans are also afoot to increase export earnings from value added tea to 75 % of total tea exports.
Sri Lanka will increase export volume of value added tea to specialized value added tea to specialized markets such as USA, Canada, Japan and EU, according to Export Development Board’s Tea industry Plan. It will make market access to new markets in South America and Australia.
In addition, Sri Lanka will review export cess structure of tea to encourage value addition and existing duty exemption schemes for import packaging for tea industry to reduce transaction cost.