Minister Bandula Gunawardana says Sri Lanka has received the certification of Geographical Indication for Ceylon cinnamon from the European Union.
The Geographic Indication registration is a reflection that a product starts in a geographical area and supplies high quality goods to the market.
This is also considered to be the first Geographical Indication registration of a Sri Lankan product in the European Union.
Minister Bandula Gunawardana said Sri Lanka has earned USD 230 million through cinnamon exports in the year 2021, and is expected to reach USD 1 billion in the coming years as a result of entering the Geographical Index.
The effort had been supported by – UNIDO, the Delegation of the European Union to Sri Lanka and the World Trade Organisation (WTO) and some financial assistance by the Common Fund for Commodities, based in the Netherlands.