Home / Knowledge / News / Apparel/Garments / Global e-system to boost Sri Lankan apparel export volume
Global e-system to boost Sri Lankan apparel export volume
08
Apr '13
Apparel exports from the South Asian island nation of Sri Lanka are likely to get a boost as the country’s small and medium apparel exporters are to be linked to global customs electronic system, according to a statement released by the Ministry of Industry and Commerce.
 
If things go as per plan, the shipments of Sri Lankan apparel exporters can be linked to the Automated System for Customs Data (ASYCUDA) global e-system by May 2013, and this would give a major boost to the country’s current apparel export volume of US$ 2.8 billion, Mr. Rishad Bathiudeen, Minister of Industry and Commerce, said in the statement.
 
The initiative was taken by the Ministry after such a request was made by small and medium apparel exporters. From May 2013, over 220 registered small and medium garment exporters are likely to benefit from ASYCUDA’s apparel export module.
 
ASYCUDA is a computerized customs management system which covers most foreign trade procedures. The system handles manifests and customs declarations, accounting procedures, and transit and suspense procedures. The ASYCUDA software is developed in Geneva by UNCTAD. It operates on micro in a client server environment under UNIX and DOS operating systems and RDBMS Software.
 
Currently, small and medium garment exporters in Sri Lanka use Proposed Shipment Declaration (PSD) format and it will be replaced by electronic submission after May 2013. The speedier clearance and paperless process will result in cost savings in terms of time and money.
 
In 2012, about US$ 46.7 million worth of garments were exported from Sri Lanka by 71 small and medium exporters.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Apparel/Garments | On 28th Apr 2017

Deckers Brands starts review of strategic alternatives

Deckers Brands, a global leader in designing, marketing and...

Courtesy: AAFA

Fashion | On 28th Apr 2017

Andrew Rosen, Stuart Vevers among AAFA awardees

Andrew Rosen, founder and CEO of Theory, Stuart Vevers of Coach, Nick ...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X