Sri Lanka is committed to establishing a National Single Window (NSW) for international trade as a policy priority. This blog by Janaka Wijayasiri explores the different options for the country’s NSW operational model. A policy decision in this regard will help determine sources of funding for the project, its implementation, budget, and fees to be charged for the services provided by the NSW operator.
Diversification of the export basket, a more effective communication strategy to build support for reform initiatives, and addressing the skills constraints of the labor force are the top priorities for Sri Lanka. This blog, based on the closing session of the Saman Kelegama Memorial Conference, discusses the stifling bottlenecks that Sri Lanka faces in its transition towards a high middle income country (HMIC) and how to overcome them.
Given the necessity to simplify trade procedures, Sri Lanka has identified the implementation of a Single Window (SW) for trade as a national priority and currently a blueprint is being developed. IPS researchers argue that more advanced SWs takes time, money, and effort. Thus, it requires a careful cost-benefit analysis, as well as managing expectations of all stakeholders, given the time frame for implementation, capabilities and resources available in Sri Lanka.
Latest Edition of Talking Economics Digest Now Online! – Integrating Sri Lanka into the Global Economy
The 15th Edition of the Talking Economics Digest centers on the theme of ‘Integrating Sri Lanka into the Global Economy.’
The much touted Sri Lanka – Singapore FTA was signed on 23 January 2018, marking a milestone moment in the trade and economic relations between the two islands. This blog analyses the key features of the FTA and the benefits Sri Lanka can reap from the partnership.