The Role of Sri Lanka in Enhancing Connectivity between South Asia and Southeast Asia
As Sri Lanka rebuilds at the end of a 30-year conflict, its progress in improving physical infrastructure—including the Colombo port expansion and other programs for new expressways and road connectivity—has been significant. Yet, the country has seen a sharp decline in its overall exports-to-gross domestic product ratio. How Sri Lanka can benefit from greater connectivity with its neighbors in South Asia and Southeast Asia is discussed in this paper. Trade policies geared towards enhancing regional integration efforts could boost Sri Lanka's economy. Additionally, to lessen the challenges of financing and sustaining implementation of planned infrastructure development efforts, Sri Lanka could also implement a more stringent institutional and regulatory environment encouraging more private sector participation.
Author: Dushni Weerakoon and Nipuni Perera
Tags: Trade Policy, Trade Facilitation, Sri Lanka, Connectivity, South Asia, Southeast Asia, ADB, Transport, Regional Integration