Deepening Economic Cooperation between India and Sri Lanka

Business & Finance, Marketing & Sales, Commercial Policy, Commerce
Cover of the book Deepening Economic Cooperation between India and Sri Lanka by , Asian Development Bank
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Author: ISBN: 9789292541705
Publisher: Asian Development Bank Publication: September 1, 2013
Imprint: Asian Development Bank Language: English
Author:
ISBN: 9789292541705
Publisher: Asian Development Bank
Publication: September 1, 2013
Imprint: Asian Development Bank
Language: English

This book analyzes the performance and impact of the India–Sri Lanka free trade agreement over the past decade and suggests the way forward. India became an important source of imports for Sri Lanka immediately after the implementation of the free trade agreement. Bilateral trade between the countries increased steadily thereafter, with Sri Lankan commodities finding a large market in India. The composition of trade also changed with an increased number of new goods being traded. The book computes indices and suggests scope for deepening economic cooperation between the two countries by pruning the negative lists for trade in goods, identifying potential investment, and suggesting policies for expanding cooperation in services.

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This book analyzes the performance and impact of the India–Sri Lanka free trade agreement over the past decade and suggests the way forward. India became an important source of imports for Sri Lanka immediately after the implementation of the free trade agreement. Bilateral trade between the countries increased steadily thereafter, with Sri Lankan commodities finding a large market in India. The composition of trade also changed with an increased number of new goods being traded. The book computes indices and suggests scope for deepening economic cooperation between the two countries by pruning the negative lists for trade in goods, identifying potential investment, and suggesting policies for expanding cooperation in services.

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