The country’s export sector is confident of achieving the set export targets and will be looking to consolidate, as there has been a slight drop in the value for the first five months.

According to the Sri Lanka Export Development Board Chairman and CEO Janaka Ratnayake, the 4 percent decline in exports up to May this year, is due to the declining trend in certain sectors such as boat building, natural rubber, coir, hand-loom, spices and ornamental fish.

An advisory committee has been set up for follow up action and for new strategies with regard to export diversification, value addition and brand promotion.