A long-time economic mainstay and the country’s primary employer, the agriculture sector makes up 9% of Sri Lanka’s GDP and is a significant source of foreign exchange. With the exception of rubber, all of the country’s major agricultural exports saw growth between 2010 and 2015. Export earnings increased during the same period, with...
Policymakers in Sri Lanka are looking towards the development of a modern, sustainable agriculture sector to enhance economic growth, increase rural income and boost employment.
Ongoing talks to establish a free trade agreement (FTA) between Sri Lanka and Singapore in 2017 have taken an innovative line with regard to the services category, with trade in digital services singled out for special consideration. Although negotiations are at an early stage, any agreement that does specifically include accommodations for...
Sri Lanka, like many developing markets, sees education as a crucial part of building up the country, and does so by providing free schooling and tertiary education to all citizens. Parents place enormous value on education as well. This joint commitment has helped create an education system that is widely regarded as the best in South Asia,...
With its oil and gas resources as yet commercially unviable, Sri Lanka currently imports hydrocarbons to meet the growing needs of its people and industries. However, given the island’s location, industry players are now eyeing the country’s potential as an international centre for refining, storage and bunkering of petroleum products. In the...
Hydropower remains one of Sri Lanka’s top energy generators, and thus water has long been a key, multi-purpose component of the country’s broader utilities portfolio. This vital resource is set for tighter regulation as the country manoeuvres to meet the challenges of economic and population growth alongside climate change. Sri Lanka is also...
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