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The India–Sri Lanka Free Trade Agreement and the Proposed Comprehensive Economic Partnership Agreement: A Closer Look

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  • Saman Kelegama

Abstract

The paper provides the Sri Lankan perspective of the Free Trade Agreement (FTA) highlighting both the positive outcomes and the negative aspects. The paper shows that the FTA has worked in favor of Sri Lanka but its full potential has not yet been realized due to market access problems in India, and the lack of supply capacity for some products in Sri Lanka. The India–Sri Lanka Comprehensive Economic Partnership Agreement addressed many of the negative aspects of the FTA in a broader economic integration framework but was unable come into operation due to public misconceptions and lack of entrepreneurial and political leadership in Sri Lanka.

Suggested Citation

  • Saman Kelegama, 2015. "The India–Sri Lanka Free Trade Agreement and the Proposed Comprehensive Economic Partnership Agreement: A Closer Look," Working Papers id:6597, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:6597
    Note: Institutional Papers
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    References listed on IDEAS

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    1. Sirimal Abeyratne, 2013. "Integration of Sri Lanka into Indian Supply Chains under the Bilateral Free Trade Agreement," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 14(2), pages 275-292, September.
    2. Sirimal Abeyratne, 2013. "Sri Lankan Integration into Indian Supply Chains under the Bilateral Free Trade Agreement," Working Papers EMS_2013_05, Research Institute, International University of Japan.
    3. Vivek Joshi, 2010. "An Econometric Analysis of India-Sri Lanka Free Trade Agreement," IHEID Working Papers 04-2010, Economics Section, The Graduate Institute of International Studies.
    4. Saman Kelegama & Indra Nath Mukherji, 2007. "India-Sri Lanka Bilateral Free Trade Agreement : Six Years Performance and Beyond," Trade Working Papers 22104, East Asian Bureau of Economic Research.
    5. World Bank, 2008. "The World Bank Annual Report 2008," World Bank Publications - Books, The World Bank Group, number 7524.
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