World Economy and Trade
Colombo Port City Project

Sri Lanka’s New Regionalism: Looking beyond South Asia

Sri Lanka occupies a pivotal position as a strategic asset to both India and China, and despite its role as a pioneer of SAARC, the country is increasingly turning towards broader engagement with East Asia. This blog examines how Sri Lanka can delicately balance both Indian and Chinese interests to its advantage, to leverage the benefits of both regional superpowers.

IMG

Crunching the Numbers: What is the Real Export Benefit of GSP Plus to Sri Lanka?

Since Sri Lanka regained the EU’s GSP Plus facility last month, there have been varying views on its actual economic benefit to Sri Lanka. This article by Janaka Wijayasiri numerically estimates the export benefit of GSP Plus to Sri Lanka, identifying the leading beneficiaries in the country and their gains.

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flailing export sector gained some breathing space recently with the EU granting its GSP-Plus facility, which was withdrawn in 2010.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.