World Economy and Trade
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.

IMG

GSP-Plus: An Elixir or Just Palliation for Sri Lanka’s Export Woes?

Sri Lanka’s flailing export sector gained some breathing space recently with the EU granting its GSP-Plus facility, which was withdrawn in 2010. While it is being touted as a significant achievement for Sri Lanka’s economic drive, this article argues that, its impact will provide only temporary relief. Therefore policymakers as well as the private sector should urgently ensure broader economic reforms in order to make the best use of this opportunity.

IMG

‘Come Together’: Raising Standards in the Sri Lankan Pepper Industry

Sri Lankan pepper, like other spices from the island, is famous for its inherent quality. This article highlights the need to collectively upgrade standards governing the product and production process across the pepper value chain in the country to boost pepper exports and competitiveness.

photocreditindica

Trade is Not Just for Big Businesses: Role of Sri Lankan SMEs in Trade

This article explores trade barriers SMEs face and how trade policy can be used as an important tool to ensure greater participation of SMEs in international trade.

tumblr_inline_msyyc6GkBh1qz4rgp

South-South Cooperation – A New Lease of Life for Developing Countries

This article argues that the South-South Cooperation is gradually changing the landscape of economic and political diplomacy among the countries.