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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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  • Kelegama, Saman

    (Asian Development Bank Institute)

Abstract

The India–Sri Lanka Free Trade Agreement has been in operation for more than a decade. 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

  • Kelegama, Saman, 2014. "The India–Sri Lanka Free Trade Agreement and the Proposed Comprehensive Economic Partnership Agreement: A Closer Look," ADBI Working Papers 458, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0458
    as

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    File URL: http://www.adbi.org/files/2014.02.06.wp458.india.sri.lanka.free.trade.agreement.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. 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.
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    Cited by:

    1. Hafiz Wasim Akram & Alam Ahmad & Leo-Paul Dana & Asif Khan & Samreen Akhtar, 2024. "Do Trade Agreements Enhance Bilateral Trade? Focus on India and Sri Lanka," Sustainability, MDPI, vol. 16(2), pages 1-30, January.
    2. Saurabh Kumar Bharti & Syeedun Nisa, 2023. "Evaluation of the Impact of Regional Trade Agreements on Indian Exports," Journal of Asian Economic Integration, , vol. 5(1), pages 51-63, April.

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    More about this item

    Keywords

    bilateral free trade agreements; economic integration; free trade agreement; economic partnership agreement;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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