Exports

Geographical Indications (GIs) for Sri Lankan Products: The Need to Expand Local Registration

Ceylon Cinnamon is now in the register of Protected Designations of Origin and Protected Geographical Indications (PGI) and it was published in the Official Journal of the European Union. Can we similarly market and protect distinctive Sri Lankan products such as Ceylon Tea, Ceylon Blue Sapphire, Ruhunu Curd, Dumbara Mats, Ambalangoda Masks and so on? Yes, marketing and protecting geographically unique products are possible by implementing a robust GI system with local registration to support obtaining international registration and protection.

Bangladesh – Sri Lanka Preferential Trade Agreement: Gains and Policy Challenges

The ongoing Bangladesh-Sri Lanka discussions on a preferential trade agreement (PTA) will benefit from knowing the potential gains from reducing bilateral trade costs. Ex-ante estimates predict modest gains for Sri Lanka and Bangladesh in absolute terms, even after completely removing the sensitive list. Given that the estimated modest economic gains of a Bangladesh-Sri Lanka PTA do not justify a trade deal that requires substantial resources for negotiations, the PTA should have fewer regulatory measures and tariff concessions for the products on the offensive lists to maximise the economic benefits of a PTA.

COVID-19 and Sri Lanka’s External Sector: Challenges and Policy Choices

Unprecedented declines in merchandise trade, foreign direct investment (FDI) flows, tourism and cross-border migration have all been hallmarks of the economic fallout of COVID-19. As a result, growth expectations for countries worldwide dimmed. Nonetheless, thanks in part to substantial expansionary monetary and fiscal policies being rolled out to achieve pre-COVID economic recovery levels and the development of vaccines, the contraction in global trade and economic output are less than what was anticipated. The Sri Lankan economy too has been impacted by these external developments, witnessing fluctuating fortunes in its external sector performance. This blog discusses the impacts of global economic developments on Sri Lanka’s external sector and suggests ways to cushion them.

Palm Oil Ban in Sri Lanka: Is it Sustainable?

Sri Lanka’s edible oil market has garnered considerable attention in recent weeks due to a series of events including the banning of palm oil imports in a bid to promote the local coconut industry and the detection of aflatoxins in imported coconut oil. The edible oil industry is important for Sri Lanka with oils and fats being a major constituent of the typical Sri Lankan diet and a raw material in manufacturing, the food manufacturing industry in particular. According to the latest available data, there are around 5,057 establishments employing 332,828 workers in the formal food manufacturing sector which generate an annual output of approximately LKR 1.4 billion. This blog assesses the local edible oil market and its potential for import substitution.

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Collaborative Approach is Critical for Recovery of Apparel Sector Post-COVID-19

Experts at CPD-IPS-SV international webinar on the ‘Recovery of the Apparel Sectors of Bangladesh and Sri Lanka: Is a Value-chain Based Solution Possible?’ call for suppliers, buyers, governments and international organisations to work closely together for speedy and sustainable recovery of the apparel sectors from the COVID-19 shock.

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