International Trade in Sri Lanka

International Trade in Sri Lanka

Even though the economic growth of Sri Lanka has been showing a steady rhythm during these last years (more than 6%), the global economic crisis combined with the impact of the latest conflicts between the government and the Tamil separatist forces, have caused an evident economic slowdown... Read more

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Market Analyses About Sri Lanka (25)

Import and Export Services in Sri Lanka (360)

  • High Beam Global

    High Beam Global

    Market Research, Sri Lanka

    HBG is a full service Market Research agency providing research and support services to companies ranging from boutique research...
  • The Merit Holdings (Pvt) Ltd

    The Merit Holdings (Pvt) Ltd

    Business Development, Sri Lanka

    We are a leading commercial group of company with wide range of sectors such as Agriculture and Agribusiness, Pharmaceuticals, Import and...

Business Tips About Sri Lanka (3)

Agents and Distributors in Sri Lanka (3)

  • Plan Creation .,Ltd

    Plan Creation .,Ltd

    Distributors, Sri Lanka

    I wish to introduce myself as sales supervisor of PlanToys for Africa. We are the world leading manufacturer of wooden toys under the...
  • Dellogistics (formerly Delair)

    Dellogistics (formerly Delair)

    Freight Forwarder, Sri Lanka

    Recognizing the potential and the demand for total logistics solutions in a dynamic business environment, Dellogistics was incorporated...

Overview About International Trade in Sri Lanka

Economic Overview

Even though the economic growth of Sri Lanka has been showing a steady rhythm during these last years (more than 6%), the global economic crisis combined with the impact of the latest conflicts between the government and the Tamil separatist forces, have caused an evident economic slowdown in 2009 (3.5%).  In 2010, the growth rebounded attaining 7% thanks to the revival in exports, the regain of investors' confidence and the dynamics of the agricultural and tourism services sectors. 

The financial difficulties affronted by Sri Lanka due to the global economic slowdown, led the authorities to sign a stand-by agreement with the IMF in July 2009. The objectives of the program are to reinforce competitiveness in the export sectors and to improve the financial system. In regards of public finances, the objective for 2011 is to bring down the deficit to 6.8%. The control of the public debt, which makes the country very vulnerable to international shocks, is also a priority. The ten-year development program presented by the government emphasises the urgency of updating public infrastructures in order to reach a growth level higher than 10% by 2020. 

A market-oriented bank...

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