The Role of Sri Lanka in Enhancing Connectivity between South Asia and Southeast Asia

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dc.contributor.authorWeerakoon, Dushni
dc.contributor.authorPerera, Nipuni
dc.date.accessioned2014-12-17T05:43:43Z
dc.date.available2014-12-17T05:43:43Z
dc.date.issued2014-07
dc.descriptionThis paper was produced as part of the ADB–ADBI flagship project on “Connecting South Asia and Southeast Asia.” - http://www.adbi.org/workingpaper/ 2014/06/30/6349.sri.lanka.role.connectivity/en_US
dc.description.abstractImproving physical connectivity between South and Southeast Asia has long been recognized as a key element in promoting greater trade and investment linkages within the region. As an island economy, Sri Lanka's regional connectivity has been mainly through its main sea port in Colombo, a transshipment hub port for South Asia. Investments to expand capacity at Colombo port are underway as part of Sri Lanka's renewed efforts to develop its infrastructure following the long internal separatist conflict that ended in 2009. Despite significant improvements in physical infrastructure connectivity, Sri Lanka has made only limited headway in strengthening its trade and investment links with the rest of the region. Moreover, the country has seen a sharp decline in its overall exports-to-gross domestic product (GDP) ratio, which is worrying in view of the growing external debt financing of many large infrastructure projects through state-led investment initiatives. Thus, Sri Lanka needs to focus on two priority areas: engaging private investment in infrastructure by strengthening the country's institutional and regulatory environment; and implementing a more strategic trade policy geared to enhance regional integration efforts.en_US
dc.identifier.citationWeerakoon, Dushni and Perera, Nipuni, The Role of Sri Lanka in Enhancing Connectivity between South Asia and Southeast Asia (July 4, 2014). ADBI Working Paper 487en_US
dc.identifier.shortcitationADBI Working Paper 487; 2014en_US
dc.identifier.urihttp://econspace.ips.lk/handle/789/149
dc.language.isoenen_US
dc.publisherTokyo: Asian Development Bank Instituteen_US
dc.relation.ispartofseriesADBI Working Paper;487
dc.subjectSouth Asiaen_US
dc.subjectSoutheast Asiaen_US
dc.subjectSri Lankaen_US
dc.subjectSri Lankan economyen_US
dc.subjectInfrastructureen_US
dc.subjectEnergy tradeen_US
dc.subjectTradeen_US
dc.subjectRegional trade flowsen_US
dc.subjectTransport administrationen_US
dc.titleThe Role of Sri Lanka in Enhancing Connectivity between South Asia and Southeast Asiaen_US
dc.typeWorking Paperen_US
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