* Sri Lanka is targeting USD 12bn in exports in 2012 up 1.6% from USD 10.4bn in 2011, which will be helped by an upcoming trade fair and a weaker rupee.
* An upcoming 'Expo 2012' trade fair to kick off on 28th March is expected to boost Sri Lanka's exports with more than 1000 foreign delegates having signed up.
* The trade fair will not only target merchandise exports but also services and investments with the travel trade and IT and business process outsourcing firms also exhibiting, said the Export Development Board Chief.
· Tourist arrivals February 2012 increase 27% Y-o-Y
* Total arrivals for the first two months recorded 169,423 up 21% from the same period an year ago.
* The largest arrival of tourist in February were from India recording 11,342 (an increase of 12.6% from February 2011), followed by UK with arrivals of 8,762 (down 9% from February 2011).
* According to the Tourist Board, the sector is likely to become a key economic driver in the years ahead as over a billion people are expected to cross borders as tourist in 2012 alone; in 2011, the sector contributed 1.6% to the country's GDP.
source - Acuity Research
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