Seminar on “Economic Freedom and Business Environment in South Asia”

Ashani Abayasekara, Research Assistant, IPS, made a presentation on “Economic Freedom: The Role of Stakeholders in the Regulation of the Business Environment – A Sri Lankan Perspective” at a seminar on Economic Freedom and the Business Environment in South Asia. It was held on May 18th 2011 in Dhaka, Bangladesh, organized by the SAARC Chamber of Commerce and Industry (SAARC CCI) in collaboration with the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI).

The seminar facilitated a dialogue between relevant stakeholders, in particular those engaged in business-related activities. It attempted to identify key challenges faced by South Asia as a region in moving towards greater economic freedom given the stringent and non-transparent laws and regulations governing the business environment, credit, and labour markets in most South Asian economies. Measures that could be adopted to overcome such challenges were also debated. Discussions focused on the need for a well-functioning legal structure and the importance of safeguarding intellectual property rights in the context of economic freedom.