Asia Financial Services

Flat export growth and a widening trade deficit have prompted Sri Lanka to launch a series of trade policy reforms aimed at boosting domestic competitiveness and export-oriented investment. A new trade strategy, announced in early 2017, is expected to shift the focus towards value-added manufacturing offerings and support programmes for...

As Sri Lanka sharpens its focus on achieving $20bn in export earnings by 2020, executives interviewed for OBG’s most recent Business Barometer: Sri Lanka CEO Survey have resoundingly voted for textiles and apparel as the export segment likely to experience the highest rate of growth in overseas shipments in 2018.

A host of bold reforms aimed at improving the investment environment are being undertaken after Sri Lanka slid one spot to land at 111th place in the World Bank’s “Doing Business 2018” report index, which measures the ease of conducting business across a variety of indicators. The government’s Vision 2025 mid-term economic agenda targets...

Decades of growth in trade and foreign investment have seen the economies of the world become more interconnected and interdependent than ever before. The production of goods and, increasingly, the provision of services has become fractured across borders as corporations create and integrate into regional and global value chains – a process...