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    Facilitating Trade Between Sri Lanka and India

    Lanka, Institute of Policy Studies of Sri | November 2015
    Abstract
    The importance of the Indian market for Sri Lankan exporters cannot be overlooked. It is a large market with 1.3 billion people and a rising middle-class - those who earn between I NR 20,000-IN R100,000 a month has gone up from 25 million in 1996 to over 160 million in 2013.1 Plus, India is expected to outperform China in 2015 and 2016, with growth boosted by policy reforms, rising investments and lower oil prices. Furthermore, a half of India's population is under the age of 25 years, and with 12 million entering the labour force each year,2 India is well positioned to reap the benefits of a demographic dividend. Since 2000, in the year which the Indo- Lanka Free Trade Agreement (I LFTA) came into operation, Sri Lanka's exports to India have grown by about ten-fold and India is now Sri Lanka's largest trading partner. Currently Sri Lankan exporters have duty free access to the Indian market except for 429 items and products which receive specific concessions under the ILFTA. But does Sri Lanka really have easy and free access to the Indian market? Exporters at various forums have highlighted the practical difficulties of trading with India. A recent study by the Institute of Policy Studies of Sri Lanka (IPS) highlights some of these issues and suggests measures that can be undertaken to facilitate bilateral trade.
    Citation
    Lanka, Institute of Policy Studies of Sri. 2015. Facilitating Trade Between Sri Lanka and India. © Institute of Policy Studies of Sri Lanka. http://hdl.handle.net/11540/7260.
    Keywords
    Development assistance
    ADB
    Curriculum development
    Development assistance
    Development aid
    Development indicators
    Development potential
    Development models
    Project appraisal
    Performance appraisal
    Regional development bank
    Trade development
    Import volume
    Export volume
    Asian Development Bank
    Development
    Trade
    Development Goals
    Skills Development
    Sustainable Development
    Trade Flows
    Trade And Development
    Food Security And Trade
    Trade Volume
    Trade Potential
    Trade Flows
    External Trade
    Industrial policy
    New technology
    Innovations
    Industry
    Export policy
    Import policy
    Capital
    Business
    Communication in rural development
    Social participation
    Occupational training
    Partnership
    Joint venture
    System analysis
    Labor and globalization
    Labor policy
    Regional trading blocs
    Foreign trade and employment
    Developing countries
    Industrial priorities
    Technological innovation
    Technology transfer
    Foreign trade regulation
    Industrial relations
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    Citable URI
    http://hdl.handle.net/11540/7260
    Metadata
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    PI_FACILITATING-TRADE-BETWEEN-SRI-LANKA_SJ_Nov2015.pdf (79.37Kb)
    Author
    Lanka, Institute of Policy Studies of Sri
    Theme
    Development
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise