Saman Kelegama
IMG Edited

Regional Economic Integration in the Bay of Bengal

06 June 2017 marks 20 years since the establishment of Bengal Initiative for Multi-Sectoral, Technical, and Economic Cooperation (BIMSTEC), an international organization involving a group of countries in South Asia and South East Asia, including Sri Lanka. To mark this occasion, Dr. Kelegama, Executive Director of IPS, argues that the two key functional aspects of BIMSTEC, which are market-driven integration and government-driven integration, should be utilized selectively to seek quick gains to the region.

A Chinese worker cycles near the Norochcholai coal power plant. Image courtesy AFP via South China Morning Post

Challenges Remain for Sri Lanka-China FTA

Although China–Sri Lanka trade had been growing steadily beforehand, China was not a large trading partner of Sri Lanka until 2005, which was a turning point in China–Sri Lankan economic relations. In the mid-2000s, China was increasingly asserting its global …