Sri Lanka fish exports face slowdown in Western markets

“We thought our export industry would face a severe crisis but it did not happen.

“Even after the removal of GSP Plus the industry managed to bounce back with positive growth rates in 2010 and up to now in 2011. We hope a similar thing will take place in the fisheries industry as well.”

Ratnayaka spoke at the opening in Colombo of the 26th Session of INFOFISH Governing Council of which he is the current chairman.

Rishad Bathiudeen, Minister of Industry Commerce of Sri Lanka, said the value of exports has increased to 202 million US dollars in 2010 from 103 million US dollars in 2005, indicating an average growth of 15 percent.

During January – October 2011, Sri Lanka produced 309,580 metric tonnes of marine fish and 47,450 metric tonnes of freshwater fish, he said.

Sri Lanka exports around 172 million tonnes of fish annually.

INFOFISH (Inter Governmental Organization for Marketing, Information and Technical advisory Services for Fisheries Products in the Asia and the Pacific Region) is a regional project under the UN’s Food and Agriculture Organisation with 14 member countries.

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