When it comes to free trade agreements, Sri Lanka should not lament about the trade deficit or the export basket but move forward with the rest of the world to gain maximum benefits from such FTAs. The India-Sri Lanka FTA has worked in favor of Sri Lanka but more work needs to be done to broaden and deepen it to reap the maximum benefits from it for Sri Lanka in an equitable manner.
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.
Even though most Sri Lankans, especially those in poor and rural communities, are vulnerable to various types of risks, the demand for insurance is significantly low. This article by Manoj Thibbotuwawa examines microinsurance as an alternative to regular insurance and provides recommendations to make microinsurance schemes more viable in Sri Lanka.
On World No Tobacco Day, this article by G. D. Dayaratne examines the negative health issues caused by smoking, as well its impact on productivity levels of the workforce. In this context, the article discusses the effectiveness of measures taken to reduce the demand for tobacco by certain countries, including Sri Lanka.
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flailing export sector gained some breathing space recently with the EU granting its GSP-Plus facility, which was withdrawn in 2010.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.