| (1) The powers and functions of the Board shall be-
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| (a) to advise the Export Development Council of Ministers on the national export development policy and programmes ; | | |
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| (b) to recommend to the Export Development Council of Ministers policies and measures on export-oriented investment; | | |
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| (e) to recommend the adoption of trade agreements or negotiation of inter-country commercial policy, financial and other related arrangements that will facilitate the development of export from Sri Lanka; | | |
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| (d) to formulate a national export development plan and programme for approval by the Export Development Council of Ministers; | | |
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| (e) to monitor the implementation of the national export plan and programme and actively assist in the implementation of the plan ; | | |
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| (f) to facilitate the development of supplies of export products ; | | |
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| (g) to administer the Export Development Fund and implement all programmes of assistance for export production and marketing in close co-operation wife the various agencies of the Government and of trade and industry ; | | |
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| (h) to function as a focal point within the Government where exporters can deal with all export problems; | | |
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| (i) to carry out export potential surveys related to Sri Lanka products; | | |
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| (j) to carry out research and development on export products; | | |
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| (k) to promote the export of professional and consultancy services from Sri Lanka in order to earn foreign exchange ; | | |
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| (l) to promote and sponsor trading houses, engineering and development work and other activities abroad, that will enhance Sri Lanka's foreign exchange earnings; | | |
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| (m) to carry out feasibility studies on export-oriented projects and to undertake any special projects on export development on a pilot basis ; | | |
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| (n) to promote and sponsor the establishment of joint export groups, export houses and other organizations ; | | |
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| (o) to direct and co-ordinate the market development activities of trade representatives and trade agents abroad of Sri Lanka; | | |
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| (p) to act as implementing agency for technical co-operation in the field of export development with organizations and bodies outside Sri Lanka ; | | |
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| (q) subject to limits and procedures laid down by the Minister in consultation with the Minister in charge of the subject of Finance,-
| | | (i) to acquire shares, stocks or any other interest in any business enterprise incorporated in Sri Lanka or abroad and carrying on or proposing to carry on business in Sri Lanka or abroad; |
| (ii) to lend money to any person or organization in Sri Lanka or abroad for the purpose of trade development; |
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| (r) without prejudice to the generality of the powers conferred on the Board by this Act, to carry out or provide general export services to all exporters, such as-
| | | (i) trade information of current interest to producers and traders, |
| (ii) marketing research in foreign markets, ; |
| (iii) assistance in the development of new products and in the adaptation of existing ones for export markets, |
| (iv) assistance in the initial stages of marketing a new product or entry into a new market, in-eluding test marketing exercises, |
| (v) organization of buyer-seller meetings in Colombo and in foreign locations, |
| (vi) export consultancy services, |
| (vii) assistance in participation in trade displays, trade fairs and other forms of trade promotion, |
| (viii) training courses in trade promotion and export marketing, |
| (ix) assistance in resolving the problems encounter- ed by individual producers of exports or exporters, |
| (x) assistance in quality control standards, packaging, export credit and insurance, |
| (xi) assistance in import and export procedures and documentation; |
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| (s) to acquire and hold any movable or immovable property or dispose of any movable or immovable property acquired or held by it; | | |
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| (t) to levy fees or other charges for services or facilities provided by the Board; | | |
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| (u) to accept gifts, grants, donations or subsidies from both local or foreign sources whether in cash or otherwise and to apply them for carrying out any of the objects of the Board ; | | |
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| (v) to recommend to the Minister, where there is no provision in that behalf in any existing law and the Board is of opinion that it is expedient to do so, the making of regulations under this Act in respect of the following matters-
| | | (i) the regulation of the sale and export of export products, the arrangements and payments relating to shipping, freight, brokerage, ware- house or any other charges incurred in the sale of export products abroad; |
| (ii) the regulation of the insurance, credit, quality control, standardisation, packaging and Internal transport of export products; |
| (iii) the regulation of the establishment and activities of joint export groups, export houses, and other organizations engaged in exports; and |
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| (w) to do all such other acts or things which are connected with, or are in furtherance of, the exercise, performance and discharge of the powers, duties and functions of the Board under this Act or any other written law. | | |
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Sri Lanka Consolidated Acts